Markets & Performance Europe News - Hospitality Net

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May 3, 2023

Performance Greek Hospitality Industry Performance Q1 2023

In an environment of a significant slow-down of the global economy, geopolitical tensions, inflated energy& food prices and rising interest rates - leading to soaring costs for businesses and households - the Greektourism sector showed a strong performance in 2022 mainly on the back of pandemic related pent-updemand and accumulated savings, the strong labour market and temporary policy measures worldwideto contain energy costs. The Greek luxury hotel sector registered significant growth in 2022 compared2019, supported by the return of the Americans. Travel receipts of international business travel to Greeceincreased by 6.1% in 2022 compared to 2019.

April 27, 2023

STR: Coronation, Eurovision driving hotel bookings in key U.K. markets

Multiple events in the U.K., including the King’s coronation and Eurovision, are driving hotel occupancy on the books in both London and Liverpool, according to STR's Forward STAR data.

London, United Kingdom

April 25, 2023

Tech-powered hospitality operator Bob W enters Germany with acquisition creating footprint in 5 cities

Tech-powered short-term rental operator Bob W has made its entry into the German market with the acquisition of Charly Hospitality.

April 20, 2023

Croatia Hospitality Market Insight 2022

After two years since the COVID-19 pandemic started, the tourism market in Croatia has almost completely recovered in 2022, with only 2% fewer overnight stays than in 2019. Hotels achieved 5% higher revenues in the summer season than in 2019, primarily due to higher ADR. Occupancy reached 79%, 25% above the 2021 season but still 9% below 2019.

Cushman & Wakefield

April 18, 2023

Madrid vs. Barcelona: Competition for Tourism and Hotel Demand

Madrid and Barcelona are in an intense competition to attract travelers to their hotels. Madrid, the landlocked Spanish capital, is a popular business and MICE (Meetings, Incentives, Conferences, and Exhibitions) destination, while Barcelona is a coastal city known for its beaches and is the capital of Catalonia. Before the pandemic, Barcelona suffered from overtourism, while Madrid is trying to attract more tourists.

April 12, 2023

Hotel Market Beat 2022 - Spain

In 2022, the hotel transaction activity in Spain reached €3Bn; a level only exceeded in 2017 and 2018 (record years). The total volume was 21% above 2021, despite the economic and political concerns. The rising popularity of resorts within hotel investments, as well as the continued attractiveness of major gateway cities with a strong leisure appeal, contributed to this significant growth.

Cushman & Wakefield

April 12, 2023

STR: Berlin hotel performance increased in March

Aligned with seasonal trends, Berlin’s hotel industry reported higher levels of occupancy and revenue per available room (RevPAR) month over month, according to preliminary March 2023 data from STR.

Berlin, Germany

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Why Hospitality Net Leads B2B in Hospitality

Learn what makes us the industry-leader in what we do.

Hospitality Net

Opinion Article

April 5, 2023

Why the UK hotel sector is a mix of thrivers, survivors, and decliners

With much of a challenging Q1 behind us it feels to be an appropriate time to take stock and look forward to the rest of 2023. Hopefully, there is only a positive trajectory for hotel transaction market for the year ahead with the consensus being that H2 2023 will see more activity across the real estate market. With several factors at play, some new and some old, it will be interesting to see whether these expectations are indeed fulfilled...

By Jack Wallsworth, Associate Director - Hospitality Capital Markets, Cushman & Wakefield

Opinion Article

March 30, 2023

Hospitality markets in 2023: what to expect?

The hospitality industry experienced many highs and lows across 2022 and as a sector, faced challenges including recovery from the pandemic, the impact of Russia’s invasion on Ukraine and the ongoing cost-of-living and energy crisis, the instability of government on the economy and rising interest rates. The sector has tried to remain resilient, in the knowledge some of these obstacles are continuing this year and will shape the outlook of the market as we progress further into 2023.

By Lionel Benjamin, Co-Founder, AGO Hotels

March 23, 2023

Aprirose acquires Travelodge in Whetstone, London

Aprirose, the real estate investment company, has acquired the freehold of an asset in Whetstone for an undisclosed price. The property is let to Travelodge with 18 years remaining on the lease.

London, United Kingdom

March 21, 2023

OYO UK doubles its revenues from pre pandemic levels

Global travel technology company, OYO’s UK operations saw a 140% uplift in revenue or Gross Booking Value (GBV) in 2022, surpassing pre-pandemic levels of 2019. London emerged as the best performing market showing strong Y-o-Y growth followed by other regions such as Brighton, Cornwall, Great Yarmouth, Devon, Portsmouth, Plymouth, and the Midlands.

PRISM (formerly Oravel Stays Ltd.)

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Why Hospitality Net Leads B2B in Hospitality

Learn what makes us the industry-leader in what we do.

Hospitality Net

March 15, 2023

Hotel Market Beat 2022 - Germany

In 2022, German hotel investment volumes reached €2.0bn. This was 20% below the previous year and 42% short of the 10-year average. Transaction activity has been impacted by the rising cost of debt, inflation, recession fears as well as uncertainty around hotel pricing. Looking forward, investment activity is expected to gain more momentum in the second half of 2023, supported by a continued recovery of the operating markets.

Cushman & Wakefield

March 14, 2023

Vienna Hotel Market - Promising Prospects For Another Success Story

Tourist demand in Vienna experienced a significant recovery. While international travel restrictions still had a diminishing effect on tourist demand in the Vienna hotel market in the first half of 2022, there were clear signs of improvement in the second half of the year. A market report by hotel specialist Christie & Co provides insights into supply and demand, and shows which hotel categories have come through the crisis best.

Christie and Co.

Vienna, Austria

March 14, 2023

STR: Madrid hotel industry reported higher performance in February

Aligned with historical trends for the market, Madrid’s hotel industry reported higher performance from the month prior, according to preliminary February 2023 data from STR.

March 9, 2023

Hotel Market Beat 2022 - Italy

The second half of 2022 saw transaction activity hampered as a result of rising costs of debt and economic instability. Transaction volumes declined by 32% compared to H1 2022, resulting in a yearly volume 15% lower than in 2021. Looking forward, we expect a slow start in 2023, with an uptick in transaction activity within the second half of the year, underpinned by rising investor interest and a healthy deal pipeline.

Cushman & Wakefield

March 8, 2023

Momentum continues for UK hotel investment in 2023

Following the turbulence of 2022, which disrupted the hotel sector’s recovery from the pandemic, 2023 welcomes a more settled investment market, according to the latest research from leading global property adviser Knight Frank.

March 6, 2023

Post-Pandemic Business Travel Stimulating UK Economic Growth Despite Hybrid Working Concerns, New Study Shows

The Business Travel Association (BTA) today publishes a new report based on analysis from CBI Economics, detailing the value business travel provides to the UK economy.

BTA (Business Travel Association)

March 6, 2023

onefinestay Launches Luxury Villa Collection in Provence, France

onefinestay, the world’s leading luxury private rental brand, is delighted to launch its latest collection of stunning homes in the beautiful region of Provence, France. The collection offers a striking range of villas, all fully furnished, to the brand’s impeccable level of luxury. The introduction to onefinestay adds a further destination to the brand’s ever-expanding array of homes in France, already including Paris, Cannes, St Tropez, as well as other sought-after destinations in southern Europe including Italy, Spain and Greece. The Cote D’Azur’s prime location, Provence, offers everything from cultural and historic sites to beautiful vistas of rolling lavender fields and vineyards, and the perfect central spot to discover the south of France.

March 3, 2023

Hotel Market Beat - Greater Paris

The hotel transaction volume in Greater Paris reached €1.9Bn during 2022. This was 300% above 2021 but also 7% above 2019 level. The key driver were several major transactions in prime locations, with price per room exceeding €1M. Examples of landmark deals in 2022 include The Hoxton, and the Locke Paris.

Cushman & Wakefield

February 21, 2023

Christie & Co Shows How the Hotel Sector in Finland Recovered from the Pandemic: a Trilateral Perspective

In its latest analysis of the Finnish hotel market, hotel real estate expert Christie & Co shed light on how Finland as a whole, its capital region and key provincial markets have fared in 2022 compared to 2019.

Christie and Co.