The publish Aimbridge EMEA sees UK RevPAR surpass pre-Covid levels appeared first on TD (Travel Daily Media) Travel Daily.
Strong efficiency throughout airport properties and gateway cities has pushed progress inside Aimbridge EMEA’s rising UK portfolio, outpacing pre-pandemic levels. Aimbridge EMEA has reported a median of 15 p.c uplift in RevPAR throughout its UK portfolio in opposition to 2019, with sure places doubling that efficiency at factors throughout 2022. The progress follows a robust 12 months for the third-party administration firm which has seen a number of property signings and openings.
Key areas of RevPAR progress throughout the portfolio included airport properties and gateway cities resembling Edinburgh, Birmingham and Newcastle, because the journey trade recovered from the influence of Covid-19 and inbound visits to the UK elevated in response to the drop within the worth of Pound Sterling. Domestic journey additionally remained robust within the wake of the pandemic.
During the 12 months, Aimbridge EMEA, previously generally known as Interstate Hotels & Resorts, signed and opened numerous new properties together with Mercure Newport, Hilton London T5 Heathrow Airport, the ibis finances and Holiday Inn inns at Manchester Airport and Holiday Inn Express Brussels.
Most just lately, it was chosen to function the famend luxurious Belsfield Hotel within the Lake District, asserting the corporate’s presence throughout the impartial lodge sector. Part of the worldwide Aimbridge Hospitality household, Aimbridge EMEA now manages greater than 120 inns all through the EMEA area, together with signed pipeline properties.
Carol Dodds, senior vp – Commercial, at Aimbridge EMEA, mentioned: “It’s been a robust 12 months, notably for our airport inns and throughout the gateway cities. We’ve signed new properties, together with the 350-bed Hilton London T5 Hotel at Heathrow and the distinguished Belsfield Hotel at Lake Windermere within the Lake District.
“Our portfolio continues to develop and we exceed market share throughout the nation. To see our RevPAR levels develop by greater than 15 p.c, which is monitoring forward of trade averages, alerts actually sturdy progress, nicely surpassing pre Covid-19 levels.
“This progress and the persevering with growth of our portfolio is especially notable in opposition to the backdrop of a 12 months the place the trade has confronted extremely tough headwinds.
“From provide chain challenges to power worth hikes and abilities shortages, we’re persevering with to assist our house owners navigate these powerful occasions, utilizing our clout as a part of the worldwide Aimbridge Hospitality household to minimise influence wherever attainable.
“This has included initiatives such as introducing apprenticeship schemes to upskill workers and establishing global partnership deals with suppliers to keep overheads low. “We’ll be continuing this work into 2023 with the aim of holding strong and maintaining positive growth for our properties, in spite of the many challenges that face the sector.”
Aimbridge EMEA expanded its staff earlier this 12 months, too, with a number of key appointments throughout the UK, Europe and the CIS. The new hires joined Aimbridge in improvement and operational roles, cementing the corporate’s dedication to driving future progress throughout worldwide territories.
David Anderson, Aimbridge EMEA’s divisional president, mentioned: “The final 12 months have seen our staff develop and our portfolio flourish, as we debuted the brand new Aimbridge EMEA model and invested in expertise to learn our house owners, by means of strengthened and strengthened companies.
“We look forward to continuing to provide our owners with an unparalleled level of service into 2023 and beyond, across both the branded and independent hotel sectors, showcasing our expertise as we welcome more best in class hotels into the growing Aimbridge EMEA portfolio.”
The Aimbridge Hospitality international portfolio, inclusive of managed and pipeline properties, now stands at greater than 1,500 inns in over 20 nations. Interstate Hotels & Resorts, which merged with Aimbridge Hospitality in 2019, moved below the Aimbridge company identification in October 2022.
The publish Aimbridge EMEA sees UK RevPAR surpass pre-Covid levels appeared first on Travel Daily.
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