News

Expanding Airbnb-friendly Real Estate: New opportunities for renters and homeowners

Two years ago—in partnership with some of the largest real estate companies in the US—we launched Airbnb-friendly Apartments (AFA) to help renters locate apartment buildings that would allow part-time hosting, something previously difficult to find. Since that time, we’ve been hard at work continuing to grow the program and today, we’re excited to announce the expansion of AFA underneath Airbnb-friendly Real Estate, which now also includes Airbnb-friendly Condos (AFC).

French Hotel Market Outlook 2024

France has been the world’s top tourist destination for over three decades. Millions of international visitors are drawn to explore the country’s abundant natural beauty and remarkable architectural heritage each year.

Kylie fever hits UK hotels as bookings and ADR surge ahead of 2025 Tension tour: SiteMinder

Hotels in cities across the UK are experiencing a significant boost in bookings and average daily rates (ADR) as Kylie Minogue’s 2025 Tension tour approaches, according to new data from SiteMinder, the world’s leading hotel distribution and revenue platform.

London Market Pulse 2024 – Investor Confidence Renewed

Snapshot of the London hotel market in 2024 with an exploration of tourism demand, hotel performance, hotel supply, the investment market and the market outlook.

Post-Olympics Hospitality Insights: Pricing, Trends, and Guest Satisfaction From Paris 2024

The 2024 Paris Olympics posed unique challenges and opportunities for the hospitality sector. During a recent webinar moderated by André Baljeu from techtalk.travel, Lighthouse Director of Hospitality Research Blake Reiter and Shiji ReviewPro Product Specialist Bruno Saragat dissected the performance of the Parisian hospitality market. The discussion centred around dynamic pricing, the influence of short-term rentals, and guest satisfaction throughout the event. Here is a summary of the key insights from the webinar and some points hoteliers can apply to their future revenue strategies, especially for large-scale events.

Adele’s residency drove substantial gains in Munich hotel performance

Adele’s 10-day residency drove significant performance growth for Munich’s hotel industry, according to August 2024 data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.

Hotelschool The Hague: 13% less business travellers to Amsterdam – but they stay 16% longer

Hotelschool The Hague announces insights from its first Yearly Outlook report, revealing that international business travel has fully recovered, surpassing pre-pandemic levels by 2% in 2024. This recovery marks a significant milestone for the global hospitality industry. In combination with key trends such as extended stays, shifts in accommodation preferences, and the rise of sustainable travel practices taking center stage. Authored by Jeroen Oskam, Director of the school's Research Centre, the report offers strategic insights for industry leaders entering a phase that is different from pre-pandemic times, driven by new developments in business travel.

Oktoberfest Set to Drive a Third of Munich’s Hotel Bookings this Autumn: SiteMinder

Berlin, Germany – Hotel bookings during Oktoberfest are pouring into Munich and are set to account for 32% of the host city’s reservations this autumn. This is according to new data from SiteMinder, the name behind the only software platform that unlocks the full revenue potential of hotels, which analysed forward bookings during the world’s most iconic beer festival celebrated in Bavaria within southern Germany.

Poland's Rise in Popularity During the Shoulder Season

As travelers search for new, less crowded, and more affordable European destinations, Poland has emerged as a top choice. Once overshadowed by its more popular Western European neighbors, Poland is now attracting the attention of travelers during the shoulder season, a time traditionally considered less busy for tourism. This shift is driven by the growing desire for offbeat destinations that offer rich cultural experiences without the overwhelming crowds found in more famous spots.

Berlin Hotel Market Spotlight

Berlin is at the top of the list of the world's favourite destinations for city breaks, both in Germany and internationally. The hotel landscape is correspondingly lively - increasingly sustainable and with numerous modern, new and individual concepts.

After expecting a slight revival in the hotel investment market at the beginning of the year, our latest Hotel Market Spotlight for Berlin now looks at the hotel performance itself.

How have profits and revenues developed within a year (H1 2024 vs. H1 2023)? Have operating costs and expenses increased? And what proportion do wage and labour costs account for? Here are the key findings:

Spotlights

• Despite considerable cost pressure, the full-service branded hotels in Berlin recorded rising profits in the first half of 2024.
• The occupancy rate reached 71% in the first half of 2024, up from 68% in H1 2023.
• While utility costs fell by 23%, the overall operating expenses increased by 13%. Labor costs recorded the strongest growth of 10% compared to the previous year.
• Nevertheless, thanks to 4% revenue growth, the GOP (gross operating profit) per available room rose by 2%.

Christine Mayer, Partner, Valuation & Advisory Services:

'The revenue of hotels in Berlin continues to recover, underpinned by Berlin’s popularity as a tourism and business destination. It is good to see that this also translates into improved nominal profits despite the cost pressures. A good sign for hotel investors and operators.’

Access the full report here

Cushman & Wakefield

Berlin, Germany

Summer Olympics drove Paris room rates to all-time highs

The Summer Olympic Games drove Paris hotel average daily rate (ADR) to an all-time high, according to data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.

Zleep Hotels and Core Hospitality merges

Danish hotel company Zleep Hotels A/S is merging with the third-party hotel management company Core Hospitality A/S, creating the 4th largest hotel operating company from Denmark. The merger happens immediately after a split with Deutsche Hospitality; while the German hotel group now owns 100% of the Zleep Hotels brand, Core Hospitality owns 100% of the operations in Denmark.

IHG Hotel in the Wild Returned to Wilderness presented by Audi for a second year

The renowned IHG Hotel in the Wild once again returned to Wilderness presented by Audi last weekend. Following last year’s debut, the pop-up hangout was the place to be for festival goers and celebrities to kick back and enjoy heartfelt hospitality curated by IHG Hotels & Resorts.

Madrid Market Pulse 2024 – Smashing the Rate Ceiling

As the capital of Spain, Madrid holds a prominent position as a cultural, economic and political hub in Europe. Its rich history, vibrant arts scene, world-renowned culinary offerings as well as its many corporate head offices and financial institutions attract a diverse range of visitors, including both leisure travellers and business professionals. Additionally, Madrid's strategic location within Spain and its well-connected transportation infrastructure, including its international airport and high-speed rail services, facilitate easy access for both domestic and international travellers. The city's tourism sector, which was heavily impacted by the COVID-19 pandemic, experienced a gradual recovery from the latter half of 2021, buoyed by successful vaccination campaigns and the easing of travel restrictions both domestically and internationally.