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.
Press Releases
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Amsterdam hotels showed typical seasonal slowing in January
In its first January without restrictions since 2020, Amsterdam hotel performance showed a typical season slowing from the months prior, according to preliminary January 2023 data from STR.
OYO back to expansion in UK, adds 40 hotels and doubles revenue in 2022
Global travel technology company, OYO’s UK operations announced that it has added 40 hotels to its platform and doubled its revenue in 2022 vs 2021. OYO’s network hotels also saw a 50% jump in revenue per available room (RevPar) vs 2021 and a 110% jump in revenue per available room vs Covid (2020).
Performance Greek Hospitality Industry Performance Q4 2022
- International arrivals in Greece declined 11% up to November 2022 compared to same period in 2019. This is mainly due to a significant drop in road arrivals, which represented 31% of all international arrivals in 2019. International arrivals at Greek airports decreased by just 1% 2022/19 due to a very strong summer season.
- International receipts dropped 1% in 2022/19 YTD November. For the entire year of 2022 it is expected that Greece attracted a total of nearly 28 international tourists spending € 17.5 billion.
- Based on available data up to October for all displayed Mediterranean countries, international arrivals dropped 15.8% in 2022 compared to 2019. The largest decline was recorded in Italy with a drop of 26% followed by France with 22%. Turkey showed the best performance with a decrease of international arrivals of just 3% during the reviewed period.
- As a result, based on the 2022 performance Turkey outperformed its competitors and gained market share just like Portugal, Croatia and Greece. Italy and France were the worst performers, while Spain despite the drop of 17% in international arrivals 2022/19 YTD October maintained its market share.
UK Hotel Market Beat
The second half of 2022 saw transaction activity hampered as a result of rising costs of debt and economic instability in the UK and Global markets. Looking forward, we expect transaction volumes to see a slow start in 2023, with an uptick in activity within the second half of the year. Hotels remain an effective hedge against inflation which, combined with the return of international capital and pricing consensus, should support activity within the sector.
Hotel Investment Market Austria: Recovery Noticeable Despite New Challenges
After an initially good start to 2022, the ongoing war in Ukraine and its consequences caused renewed unrest on the Austrian hotel investment market. Which buyer group was nevertheless active, and what domestic banks say about the current financing landscape, you can read in the latest transaction market report from hotel real estate specialist Christie & Co.
France set to be most visited country in the world by 2025
France is set to cement itself as the most visited country in the world, according to GlobalData, which estimates that the country will attract 93.7 million international travelers by 2025. The leading data and analytics company notes that this forecast will place the country ahead of competitor, Spain, which overtook France in 2021.
STR: London hotel performance remained steady in December
London hotel average daily rate (ADR) and revenue per available room (RevPAR) came in higher than the 2019 comparable for an eighth consecutive month, according to preliminary December 2022 data from STR.
STR: Berlin hotel performance fell in November
Berlin’s hotel industry reported lower performance month over month, according to preliminary November 2022 data from STR.
The Greek Villas is Acquired by Home Rentals Leader Le Collectionist
The Greek Villas, Greece’s leading luxury villa operator is delighted to announce that it has been acquired by luxury vacation home rental company Le Collectionist. The acquisition follows a very successful record-breaking year for The Greek Villas in 2022. Le Collectionist is pursuing its developments with acquisitions in new markets and a strengthening of its offering in the destinations it already operates.