Market Beat Germany - H1 2026
German hotel investment volume fell to €600M in H1 2026 from €1.1B a year earlier, while operating metrics held steady with RevPAR flat at €74 and prime yields stable at 6.5%.
By Christine Mayer and Christine Folz
Reports
Munich Market Spotlight - YE August 2026
Munich hotels posted 2.1% revenue growth in YE August 2026 but GOP fell 1.1% to €68.7 PAR as costs rose faster, with RevPAR down 0.4% due to a 1.5% ADR decline.
By Christine Mayer and Christine Folz
Market Beat Greater Paris - H1 2026
Greater Paris hotels posted RevPAR of €116 (+3.7%) in H1 2026, while investment volume hit €845M across 21 hotels, skewed by the Pullman Tour Eiffel deal.
Market Beat Italy - H1 2026
Italian hotel investment hit €1.3bn in H1 2026, 53% above the 10-year average, while RevPAR grew 11.3%, ranking Italy among Europe's top performers, boosted by Milan's Winter Olympics effect.
By Davide Barbaro and Francesco Calia
Warsaw Market Pulse 2026 – The WAW Factor
Warsaw's hotel market reached near-decade-high occupancy of ~80% and a nominal RevPAR record in 2025, outperforming CEE-6 peers despite leading the region in new room supply growth since 2016.
Amsterdam Market Pulse 2026 – A Taxing Time for Damsko
Amsterdam's hotel market faces sustained RevPAR pressure from rising city tax (now 12.5%, potentially 20% by 2031) and a VAT hike to 21%, with €590M in hotel investment recorded across the Netherlands in 2025.
Copenhagen Market Pulse 2026 – Full Steam Ahead in the North
Copenhagen's hotel market hit pre-pandemic occupancy levels in 2025 at ~77%, posted the largest hotel value increase in HVS's 2026 European index at 5.9%, and faces a constrained supply pipeline following new city-centre development restrictions.
Armenia Market Pulse 2026 – A New Chapter in the South Caucasus
Armenia's hotel market shows record arrivals of 2.3M in 2025, 68% average occupancy and a branded pipeline of ~2,700 keys, with a 2026-30 strategy targeting 3M visitors and $3.8B in tourism spend by 2030.
By Dayk Balyozyan and Alexandra Dumoulin
Beyond the final whistle: how mega sporting events transform cities
Budapest's hosting of the UEFA Champions League Final is examined through the lens of sports tourism strategy, with the 2024 London final generating €91M in GVA and 77,000 international visitors as a benchmark.
By László Bene and Balázs Füredi
Paris Market Pulse 2026 – The Olympic Flame Lives On
Paris hotel occupancy hit a 10-year high of 78% in 2025, with RevPAR up 3% and investment activity spanning from budget to luxury segments.
HOSPITALITY INDUSTRY REPORT: Unlocking guest loyalty and bridging the rebooking gap
The cost of living has sky-rocketed in the UK, with 92% of households reporting a rise in their living costs.
Poland Hotels & Chains Report 2023
A very warm welcome to this latest edition of the Horwath HTL Poland Hotels and Chains report.
Recovery continues in French travel market
Following several challenging years, recovery continues in the French travel market, according to Phocuswright's latest travel research report, France Online Travel Overview 2019. Since the election of reformist President Emmanuel Macron in 2017, the country has reduced its budget deficit while curtailing unemployment and restoring consumer confidence. Unfortunately, the country's reputation as a destination was badly affected by the violent Yellow Vest protests in early 2019, which disrupted locals and tourists alike. And the travel sector's reputation has also been tarnished by several high-profile bankruptcies in late 2019, most notably the collapse of industry giant Thomas Cook and the failures of the number two and three French airline players — XL Airways France and Agile Azur. Though unrelated, these near-simultaneous events have cast an air of malaise over the French travel market, casting a dark shadow over what would otherwise have been a stellar year.
Brussels Hotel Market – Recovery Now Complete
Brussels, with a population of approximately 1.2 million, enjoys a strategic location in the heart of Western Europe, making it both a regional metropolis and an international hub. In addition to its role as capital of Belgium, the city is home to NATO's headquarters and is widely known as the 'capital of Europe', hosting both the European Parliament and the European Commission. Described as the 'new Berlin' by the New York Times in 2015, an eclectic and creative facet of Brussels has recently emerged, represented by its community of artists, architects and designers.
By Sophie Perret and Lionel Schauder
Investable hotel market in Germany grows to over EUR 52 billion
The investable hotel market in Germany grew in 2017 by approximately six per cent to EUR 52.6 billion compared to 2016. According to the latest market value analysis carried out by Union Investment and bulwiengesa, the size of the German hotel market has doubled in the last ten years. The key factor in this rise is the continued growth of the branded hotel segment in Germany - which is favoured by investors - as well as a general increase in supply.
Report: German Travel Consumer 2018: The German Consumer and Travel Market in 2018
Germany is Europe's most important travel market. It alone accounts for 30% of EU citizen's overnight stays in foreign countries and is the world's third largest outbound market. In order to help you get to grips with this critical market we are releasing free excerpts of our German Travel Consumer 2018 report. Click here to download this report extract on the German economy and travel consumer now or use the download form below.
HVS Market Pulse: Stockholm – New Supply A Surmountable Hurdle
This market pulse provides an overview of the tourism and hotel market in Stockholm, Sweden. This snapshot discusses recent tourism trends, the impact of new supply on performance and provides a summary of the extensive hotel pipeline.
By Sophie Perret and Simon Hultѐn
HVS Market Pulse: Paris - Spring in the Step
This market pulse provides an overview of the tourism and hotel market in Paris, France. It discusses recent tourism trends and the causes for optimism for 2018 as well as providing a summary of the extensive hotel pipeline.
By Dayk Balyozyan and Sophie Perret
German hoteliers set for profit squeeze in 2018
The German accommodation market is in the midst of a strong period of high demand, with the number of overnights stays in German accommodation establishments with 10 or more beds rising from an estimated 436.4 million in 2015 to 459.6 million in 2017. Despite the recently buoyant market, 2018 will see hotel profits in the country under pressure as demand growth from German travelers slows, room supply increases and costs grow says a new report, an excerpt for which can be downloaded for free here.
EyeforTravel report finds Germany’s outbound market will have its best performance in years in 2018
Germany's outbound market accounts for over 30% of the overnight stays made by EU citizens but the market is set to get even bigger in 2018 on the back of strong economic performance, receding security concerns and high consumer confidence finds the report, an extract of which can be downloaded for free here.