Europe’s Hotel Industry Reports Positive Results

Europe’s Hotel Industry Reports Positive Results

Hotel-Report Europe’s Hotel Industry Reports Positive Results

BlogKMC-copy Europe’s Hotel Industry Reports Positive ResultsFinscoms looks at the latest information, analysis, and reports to correlate a picture of Europe’s hotel sector 2019 performance so far and outlook.

Overall, Europe’s hotel industry reported positive results across the three key performance metrics during Q3 2019, according to data from hotel industry trend analysts STR. Q3 2018 vs Q3 2019 hotel occupancy in Europe Q3 2018 vs Q3 2019 rose 0.6% to 79.1% in the third quarter while Average Daily Rate (ADR) increased 1.1% to €121.36 ($134.97) and Revenue per Available Room (RevPAR) rose 1.7% to €95.95 ($106.71).

Metrics-283x300 Europe’s Hotel Industry Reports Positive ResultsBased on year-to-date data to September, STR report that hotel accommodation performance in Europe was relatively positive across all regions. Occupancy rate growth has been relatively subdued as expected, albeit against a backdrop of higher average daily rates compared to the same period last year leading to 1.7% growth in European RevPAR. This growth comes despite concerns of slowing global demand and the fact that the European hotel sector has been able to grow ADR and occupancy presents a rather positive picture.

Europe-hotel-growth Europe’s Hotel Industry Reports Positive Results

As reported by the World Tourism Organization (UNWTO) international tourist arrivals to Europe were up 4% halfway through 2019 compared to the same period in 2018, in defiance of a slowing global economic environment and associated risks. Economic outlook summary below;

Economics-1024x391 Europe’s Hotel Industry Reports Positive Results

 

TopGrowth Europe’s Hotel Industry Reports Positive ResultsThe European Travel Commission’s (ETC) latest quarterly report for Q3 2019 also states that European tourism demand remains in positive territory, notwithstanding a slower expansion rate compared to the previous two years. External risks remain for now but destinations continue to grow at a modest pace and the predominant regional outlook remains positive.

The ETC report highlights Europe’s top growth destination and Montenegro has maintained growth momentum at 18% as it welcomed a rising influx of Western European holidaymakers. In Turkey the depreciation of the lira continued to play a vital role in its tourism performance with an equally impressive 15% increase in tourist arrivals. Eduardo Santander, ETC Executive Director said: “this latest report highlights that travel demand in Europe is in a good place, with steady increases in tourism numbers across the board. Despite very real challenges, such as the looming threat of a ‘no deal’ Brexit, and the collapse of several airlines, European destinations continue to post healthy rates of arrivals, which of course is to be welcomed. Meanwhile, European tourism needs to focus on developing long-term sustainable management solutions to enable tourism to flourish, rather than just merely grow.” 

According to Statista, Paris and Zurich remain a league ahead of others with respect to ADR and RevPAR. Swiss cities have some of the highest hotel rates in Europe, although this is in part due to Switzerland’s elevated economic situation. Occupancy rates are relatively high in Zurich and Geneva but London and Amsterdam had the highest occupancy rates of the main European destinations. The two Swiss cities earned the highest revenue per available room, with Geneva on par with Paris.

ADRPAris Europe’s Hotel Industry Reports Positive Results

American and Chinese tourists continue to visit Europe Destination

Understandably, intra-regional demand plays an important role in increasing tourist numbers in Europe, large long-haul source markets continue to make a substantial contribution. Visitors from the US are taking advantage of the strong dollar against many other currencies. Interestingly the ETC Q3 report illustrates that several European destinations are witnessing increased arrivals from the US with significant interest in South-Eastern Europe (Turkey (+32%), Greece (+21%), and Cyprus (+27%)).

Regarding Chinese tourists, the ETC describes the continuation of a strong demand amid a relative decline in the economy with almost all destinations seeing an upsurge in Chinese arrivals or overnights (or both).

The Likely Effect of Brexit for the London Hotel Sector

The ETC quarterly reports the combination of the economic and non-economic factors associated with a ‘no deal’ Brexit would result in a 7% drop in UK outbound trips in 2020 and an 8% drop in 2021, relative to baseline projections. More pointedly, the report states that a ‘no deal’ Brexit would have a long-lasting downward effect on UK outbound travel numbers. The falling value of sterling has seen many UK tourists assessing the benefits of a staycation.

The fall-out of this reduced UK outbound travel will not, however, be experienced evenly across European destinations. Spain will be the most affected European country per traveller volumes with an estimated 1.3 million fewer UK arrivals to the country in 2021 relative to baseline projects. After Spain it is suggested by the ETC that Ireland will be the next the most impacted in percentage terms (-5%) in 2021.

In London, PWC’s UK Hotels Forecast 2019-2020 asserts modest growth next year, buoyed by international tourism. PWC expect London will hold on to growth for the rest of 2019, which is an impressive achievement considering the persistent supply of new rooms. Maintaining the growth will be more difficult in 2020. PWC anticipate occupancy growth to slip into negative territory in 2020, however they still forecast 1% growth in RevPAR.

A portion of PWC’s supposed incremental growth forecast for 2020 in London is driven by ADR uplift from the Farnborough International Airshow, as well as football demand from the seven UEFA Euro 2020 games (including the final) at Wembley. The weak pound should also continue to reinforce leisure demand.

With occupancy levels just over 84% this year, PWC expect a marginal decline of -0.3% in 2020, to 84%. 2019 will see around 2% ADR growth to £151.5. In 2020, it is expected by PWC that rates will grow 1.3% to £153.4. Combined occupancy and ADR drive 3% growth in RevPAR in 2019 to £127.7. A further 1% growth in 2020 pushes up RevPAR to £128.9.

New2020 Europe’s Hotel Industry Reports Positive Results

Record levels of occupancy and ADR will ensure London RevPAR reaches new heights. It is an extraordinary performance against high supply additions and only demonstrates “why London is the darling for many investors, owners, operators and brands.” (PWC’s UK Hotels Forecast 2019-2020).

The general consensus for the European hotel sector is that it is robust and resilient despite the backdrop of global economic uncertainty. Please sign up below for our next quarter review of the hotel market.

Ken Carmody COO

 

Receive our latest Insights direct to your inbox

Finscoms partners with tech company Senasen

Finscoms partners with tech company Senasen

Senasen_logotype_Black_RGB Finscoms partners with tech company Senasen
We are delighted to announce the collaboration between the highly rated platform Senasen and Finscoms.

FinsSen Finscoms partners with tech company Senasen

Finscoms and Senasen today announce their partnership to provide greater communication scope for asset managers, private companies, public companies, and investors. Senasen is a dedicated platform that brings businesses together and empowers growth. Senasen harnesses the latest technology to create a more productive business environment. One that does away with advertising, social media and data capture to focus purely on helping your business to grow. Bringing the right people together for the right reasons. To make meaningful connections. To make progress.

Companies and asset managers are looking for more effective ways to interact directly with their investors under regulatory changes, such as MiFID II. With markets becoming more jittery, investors are also seeking more effective real time channels of engagement. This new platform enables companies and asset managers of all types and sizes to profile themselves and interact directly with their current and potential investors.

 

Unlike other platforms, Senasen provides customised functions for each user type, allowing users to meet a variety of their needs.

The company’s management team has extensive experience in the asset management and banking sectors. It is advised by Professor Amin Rajan, CEO of CREATE Research and Herbie Skeete, MD of Mondo Visione. Building on this expertise, Senasen will continue to innovate and enhance its product over the years ahead and has ambitious plans already underway.

Finscoms and Senasen will work in parallel to produce and distribute quality content.

 

Image-Blair-video-still-2-1-300x180 Finscoms partners with tech company Senasen

“We’re not restricted to one sector or industry. Our vision is to create the biggest global network of companies, asset managers and investors – removing unnecessary barriers and taking engagement to a higher level.

About Senasen

Senasen –  is a London-based technology company that aims to use digital solutions to bring together companies, asset managers and investors across all sectors and geographies. Founded in 2018 by Blair McPherson, Senasen is committed to promoting corporate transparency, openness and good governance. It is driven by a mission to bring the best of the digital economy to the practice of investor engagement.

About FINSCOMS

Finscoms – is a full marketing services agency. What we do is help structure and implement efficient marketing strategies. Through us you can create a marketing resource that encompasses everything from strategy definition to day-to-day marketing operations, from thought leadership to Business Development/sales approach. We become your differentiator, your marketing support, contact us to see how we can make an immediate difference.

 

If​ ​you​ ​would​ ​like​ ​to​ ​learn​ ​more​ ​about​ ​how​ ​Finscoms​ ​can​ ​help​ ​with​ ​your​ ​fund​ ​raising please​ ​do​ ​make​ ​contact​ ​with​ ​Edward​ ​at​ [email protected]

Receive our latest Insights direct to your inbox

An end in sight to Impact Washing

An end in sight to Impact Washing

ImpactWash500 An end in sight to Impact Washing

A lack of clarity about how impact investments are managed has given rise to concerns about “impact washing”.

Sustainable investment, which encompasses impact investing, the integration of environmental, social and governance (ESG) criteria has long been poorly defined. The ambiguity has given asset managers scope to overstate their commitment, a practice known as impact washing. However, 2019 has seen a concerted effort to eradicate this practice.

Impact investing has been one of the fastest-growing sectors of asset management. Its popularity is often put down to the power of millennial investors, who have a special interest in social and environmental issues. But the appetite goes beyond this cohort. There has been a huge amount of attention and coverage of impact investing in the past two years. About $502bn in assets is currently dedicated to impact investing, according to the Global Impact Investing Network.

money-300x187 An end in sight to Impact WashingHowever, the lack of clarity about how impact investments are managed has given rise to concerns about “impact washing”, which affects the industry’s integrity. The 2018 Annual Impact Investor Survey reports that 80% of respondents believe that more transparency around impact investing strategies and results would help reduce the risks of impact washing. Politicians in the EU and individual countries want to crack down on this with a stronger definition of what constitutes sustainable investment. They wish to influence fund managers to disclose how they give consideration to ESG variables. The sector needs standards to include investment strategies that link intent to asset selection, and an impact measurement system that ensures accountability by establishing targets, monitoring of performance, and reporting of impact results.

World Bank latest to tackle ‘impact washing’

 Industry initiatives are proceeding to create greater transparency within socially responsible investments (SRI), ESG and impact investing. Most recently, the World Bank launched a set of principles aimed at creating market consensus around impact investing, supported by the likes of BNP Paribas Asset Management, Amundi, UBS, and Axa Investment Managers. The World Bank stated the rise of product launches claiming to be impact investments was confusing and often misleading for investors.

 The initiative requires asset managers to document the expected and actual impact of investment projects. The framework also proposes that asset managers should consider the achievement of impact investment targets along with financial performance metrics when awarding incentive payments to staff. Regular independent verification reports should be published to ensure the actions of impact investment managers remained consistent with the new standards.

 Unsubstantiated, opaque and incompatible approaches to measurement must be replaced if impact investing is to achieve its potential. We, at Finscoms, are currently working with a fund who in particular strive to bring further stability and confidence to the industry.An impact investment fund that delivers competitive ROI and financial security to investors with appropriate monitoring, assessment and financial evaluation.

BlogKMC-copy An end in sight to Impact Washing

For more information click here or contact us

 

 

 

Receive our latest Insights direct to your inbox

The Launch of an Innovative Water Security Fund Marks United Nations World Water Day

Waves

Thomas Schumann Capital & FARAD-Group* launch (March 22nd) the first global responsible investment fund to invest in public companies that embrace water security, exhibit social, environmental and financial responsibility. The Water Security Fund tracks the world’s first benchmark index, The Euro Water Risk Index, to price financial water risk in securities. Combined, both instruments are set out to encourage responsible water management within public companies. The Water Security Fund is the world’s first non-thematic fund to pursue UN Sustainable Development Goal #6.

Responsible Investors

Dripwide-1-300x188 Today’s investors aren’t just focused on profit, they want impact too. The Water Security Fund aims to capture and protect alpha, reduce volatility, create long-term capital appreciation, and social and environmental returns. Every security is exposed to financial water risk which until recently had no viable tool or methodology to assess and price this risk. More and more investors are trying to integrate water risks into their strategies but they are currently using limited data. The Euro Water Risk Index and the aligned Water Security Fund seek to bridge the gap. Ostensibly, the fund aims to address financial water risk and exemplary water stewardship in three ways:

1. by providing access to the investment opportunity represented by companies which embrace sustainable and responsible water management

2. by integrating ESG criteria in the investment process, water security is essential to guarantee the wellbeing of citizens and tackling climate change

3. by providing a means by which to measure and hedge against idiosyncratic financial water risk in portfolios.

By 2025, $145 Trillion assets under management will be either directly or indirectly exposed to financial water risk. Physical and financial water risks are the largest threats to people, planet and profit. All investors need to be made aware of this inherent risk factor.

UN World Water Day

This World Water Day, 22nd March, is about tackling the water crisis by addressing the reasons why so many people are being left behind. Sustainable Development Goal #6 lays out the mandate: water for all by 2030. The Water Security Fund launches March 22nd from Luxembourg on FARAD-Group‘s new GreenEthica Business Unit: the only B2B platform dedicated to sustainability. Open to subscription as of Q2-2019, the fund has the objective to outperform the EURO STOXX 50 by allocation of greater investment towards companies with the best ranking in the Euro Water Risk Index. Please contact [email protected] for more information.

* FARAD Group in 2017 received the B-Corporation certification which ranks it among the market reference points as Environmental, Social and Corporate Governance (ESG) standards.

Receive our latest Insights direct to your inbox

Smart Legal Contracts are the Inevitable Solution

Smart Legal Contracts are the Inevitable Solution

BlogSLC Smart Legal Contracts are the Inevitable Solution

Smart Legal Contracts have the capacity to revolutionise business practice

Smart legal contracts are legally binding contracts converted into computer code governing interactions between counterparts and other stakeholders. Consequences decided upon by the contractors will be self-executing when the defined conditions are fulfilled. This innovation will greatly improve business operations for example, large banks face between €4-5Billion in regulation and compliance related fees annually and smart legal contracts will drastically reduce this burden.

 Benefits

The smart legal contracts will remove the need for a third party to implement the contracted obligations, which will significantly reduce contractual costs. Alongside of that, the smart legal contracts will provide legal certainty for the parties as the language of code does not allow scope for ambiguity regarding interpretation of the terms. This will have added benefit to international contracts with variation of meanings in different languages, they will now be described in a computer language code instead.

Moreover, smart legal contracts reduce costs and risks by eliminating paper-based processes, enabling complete automation of many business functions. Regarding regulation and compliance, Smart legal contracts will also allow regulations to be incorporated into the computer code along with the contractual agreements to ensure compliance. Smart legal contracts can also integrate production instructions to drive, for example, 3D printers, creating a single computer protocol that governs a production process, compliant with the contract and regulation. 

Adoption

Companies that seek a superior position in the market, reduction of transaction costs and more security in the execution of contracts would be wise to explore the use of smart legal contracts. Best in class across many sectors now realise that this is the next level solution and investor interest is rising everyday.

check-form Smart Legal Contracts are the Inevitable Solution

Our client QPQ is one such company pioneering this technology. A spokesman for QPQ said, “The digital revolution has so far been about digitisation; making inefficient processes more efficient. Smart legal contracts are about digitalisation – completely removing those inefficiencies. Our on-going customer discovery programme shows that companies will save more than 9% of annual revenue using this technological breakthrough on our platforms.”

QPQ are developing an enterprise grade trade settlement and digital governance network of unparalleled efficiency, capacity and scalability fit for the 21st Century and beyond. Finscoms as a communication specialist is telling QPQ’s story to the investment community. Contact us to learn more about this opportunity.

                     [email protected]

                       +353 1295 3844

 

Receive our latest Insights direct to your inbox

QPQ and Finscoms Partnership Announcement

QPQ and Finscoms Partnership Announcement

Blue-Logo QPQ and Finscoms Partnership Announcement

We are delighted to announce the collaboration between QPQ and Finscoms.

Finscoms proudly promotes QPQ to our network and beyond. Finscoms are a specialist full services marketing agency working to help clients to tell their story and support them in their route to the investor. We work with some of the most exciting projects being advanced currently and QPQ ticks all of our required boxes.

check-form-150x150 QPQ and Finscoms Partnership AnnouncementQPQ are developing an enterprise grade trade settlement and digital governance network of unparalleled efficiency, capacity and scalability fit for the 21st Century and beyond. Trade related administrations costs companies about 10% of turnover. As a result, large companies can’t expand their businesses and small companies are disenfranchised completely by the costs. There is a USD1.6 trillion unmet demand for trade finance.

 

To help resolve these issues QPQ bring to market advanced RegTech Smart Legal Contracts (SLCs) via their patent pending operating governing code engine to:

  • enable fully digital frictionless trade between counter-parties
  • execute contractual terms automatically
  • provide direct reporting to regulators
  • provide direct automated payments of customs duties
  • automate offering, selection and payment of logistic providers contracts
  • allow regulators to issue regulation directly in machine executable code
  • provide the means to securely fractionalise assets and financial instruments
  • provide near instant settlement platform for markets in financial instruments
GregChewPR QPQ and Finscoms Partnership Announcement

“We believe that economic opportunity should be fair for all. This belief is central to QPQ and our technology can contribute substantially to its achievement.”

To learn more about QPQ click here

If you would like to get involved click here

Contact Information:

Edward Simpson, CEO Finscoms

[email protected]

+353 1295 3844

www.finscoms.com

 

Receive our latest Insights direct to your inbox

In a very congested world tell your story to generate the interest in youIts important for your story to be heard

We support our clients in generating interest in their project or fund. we have specialisms in traditional and digital marketing, communications, distribution within those looking to raise capital/funds. We share our insight and expertise, sign up to our news

Processing...
Thank you! Your subscription has been confirmed. You'll hear from us soon.
ErrorHere