Markets & Performance Europe News - Hospitality Net

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March 20, 2024

German Hotel Investment Market In The Doldrums In 2023, But Positive Signals For 2024

Cushman & Wakefield recorded a total transaction volume of EUR 1.5 billion for the hotel segment in 2023. This corresponds to a decline of around 23 percent compared to the previous year and is the lowest result of the past eleven years, falling short of the 10-year average by around 60 percent. The purchases and sales were almost exclusively individual property transactions, with an average volume of around 20 million euros.

Cushman & Wakefield

Opinion Article

February 22, 2024

Florence Market Pulse

This article examines Florence's tourism industry resilience amidst crises, including the COVID-19 pandemic, analyzing key performance indicators such as airport statistics, hotel supply, and operating performance. Despite setbacks, Florence witnessed a remarkable recovery, notably in 2023, with record-breaking Revenue Per Available Room (RevPAR). The analysis also highlights investment trends and future challenges, including concerns about over-tourism and evolving market dynamics.

By Ezio Poinelli, Lorenzo Gullotta, and Giammarco Pignocchi

Florence, Italy

February 20, 2024

Hospitality Sales on the up, but Significant Challenges Remain as Operators Look to Save on Costs

The latest data from Fourth, the leader in workforce and inventory management technology for the hospitality and retail industries, has revealed a much-needed improvement in festive trading across the sector in Q4 2023, with net sales revenue growth of +6.1% compared to the same period in 2022.

Opinion Article

February 13, 2024

Hotel Market Beat UK – Full Year 2023

Overview

By Jack Wallsworth and Arsh Gupta

February 7, 2024

International Chain Brown Hotels Announces Franchise Agreements With Hilton

Brown Hotels on Tuesday announced franchise agreements with hospitality giant Hilton, which sees two of its “Isla Brown” hotels in Greece entering the “Curio Collection by Hilton” brand.

Brown Hotels and Hilton

February 6, 2024

Paris Summer Olympics: Three key trends to consider

The impact of sporting events on hotel performance has been well-documented recently. Now all eyes are on the Summer Olympics in Paris between 26 July-11 August 2024. This summer will mark exactly 100 years since the Summer Olympics were last held in France.

January 15, 2024

London hotel performance jumped during holiday season

Helped by the holiday travel season, London hotels posted significant performance levels, according to preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.

London, United Kingdom

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Why Hospitality Net Leads B2B in Hospitality

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

Hospitality Net

November 16, 2023

Hotel Operator Beat 2023 - France

The real estate services firm’s annual hotel operator survey saw international and regional hotel operators – all of which are active in France – give their views on sector opportunities and challenges in the market.

Cushman & Wakefield

November 14, 2023

Madrid hotels post highest ADR and RevPAR on record in October

Madrid’s hotel average daily rate (ADR) and revenue per available room (RevPAR) reached the highest monthly levels on record, according to October 2023 preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.

November 1, 2023

Performance Greek Hospitality Industry Performance Q3 2023

This newsletter provides a snapshot of the performance and outlook of the Greek hotel industry, within the broader context of the international hospitality industry as well as of Greek tourism and Greek socio-economic developments.

October 12, 2023

London hotel performance growth moderated in September

With the summer travel surge concluded, London’s hotel industry showed more normalized levels of growth, according to preliminary September 2023 data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.

London, United Kingdom

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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

September 22, 2023

Tourism in Switzerland: A successful summer 2023 for the Industry

The latest figures released by the Federal Statistical Office (FSO) have put even more spring in Swiss tourism’s step. Night stays in Switzerland for the months of June and July 2023 were recently published. And the news is good! Night stays (or hotel stays) were 8.6% higher in June 2023 versus June 2023. This confirms an earlier report indicating that in the first half of 2023, night stays increased 13.8% year on year.

By Andrew Brenner, Andrew Brenner, Translator and Editor, EHL

September 21, 2023

Dalata agrees to acquire leasehold interest in Hard Rock Hotel Amsterdam American

Dalata Hotel Group plc (“Dalata” or “the Group”), announces that it has agreed contracts with Zien Group, to acquire the entire issued share capital of American Hotel Exploitatie BV (“the company”), which holds the operational lease of the Hard Rock Hotel Amsterdam American.

Dalata Hotel Group

Amsterdam, The Netherlands

September 18, 2023

Amsterdam hotel performance jumped during eventful August

Amsterdam’s hotel industry showed event-driven improvement in monthly performance, according to preliminary August 2023 data from CoStar. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

Amsterdam, The Netherlands

August 28, 2023

Hotel Operator Beat H1 2023 - Czech Republic

Prague is the second most attractive market in CEE for hotel operators with a presence or interest in the region. Its popularity is backed up by H1 being a period of healthy recovery for Prague hotels which achieved the second-highest (after Budapest) RevPAR (revenue per available room) among the region’s capitals1. In this year’s first six months, it reached EUR 69, which is an increase of 57% versus H1 2022, and already a 5% increase versus the pre-Covid H1 2019. This was primarily driven by the strong ADR (average daily rate) growth, which surpassed 2019 levels by over 20%. Hotel operators are optimistic about the industry’s outlook and keen to expand across the CEE region. However, 28% of planned hotel projects in the region are facing delays or put on hold, mainly due to the increased development costs.

Cushman & Wakefield

August 28, 2023

UK hotels report strong growth in revenues

Hotels in the UK are experiencing a post-Covid rebound according to the latest research from global property adviser Knight Frank. London hotels achieved an occupancy rate of 82% in June 2023, a rise of 3.2 percentage points year-on-year, whilst hotels outside the capital recorded growth of four percentage points to almost 81% occupancy versus 2022.

August 28, 2023

Italy: Europe’s Trending Destination

Mainland Europe is a hub of activity throughout the summer months with millions of global travelers flocking to key destinations for a mixture of sun, culinary delights, and culture. The consistently strong demand allows hoteliers in key summer destinations to strategize with confidence. This summer, however, there is one destination that has exceeded all expectations. The following analysis highlights how Italy’s hotel sector is thriving in bookings and room rates in addition to assessing how online trends set up a summer to remember for Italian hoteliers.

August 23, 2023

Hotel Market Beat H1 2023 - UK

UK hotel transaction volumes have remained resilient in the first half of 2023 despite market headwinds, supported by the private markets (with sub-£15M ticket sizes) and value-add opportunities with compelling growth stories. Further volumes have been supported by office conversions, with hotels stacking up in the right locations.

Cushman & Wakefield

August 14, 2023

IHG Hotels & Resorts unveils festival first at Wilderness with debut of The IHG Hotel in the Wild

Festival season continues to bring the heat following IHG Hotels & Resorts’ successful partnerships with some of this summer’s hottest music festivals, including The Governors Ball and Lollapalooza in the U.S., and most recently Wilderness in the U.K. IHG is making festival weekends unforgettable for IHG One Rewards members and festivalgoers alike, bringing exceptional care and unexpected memorable experiences.

August 9, 2023

WTTC predicts Germany’s Travel & Tourism sector to rebound to 95% of pre-pandemic levels

The World Travel & Tourism Council’s (WTTC) 2023 Economic Impact Research (EIR) today reveals Germany’s Travel & Tourism sector is recovering at pace to recover to within 95% of pre-pandemic levels.