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Opinion Articles

Opinion Article Markets & Performance

Hotel Market Beat 2024 H1 - Italy

Investment TrendsItalian hotel transactions exceeded €800 million in H1 2024, involving over 30 properties and nearly 4,500 rooms. This marks a 90% increase compared to H1 2023, positioning Italy as the fourth largest European market by transaction volume for the first half of 2024, behind the United Kingdom, Spain, and France. Hotel investments were primarily driven by domestic and European investors, amounting to 85% of the volumes in H1.

Cushman & Wakefield
Italy
Opinion Article Markets & Performance

Berlin Market Pulse 2024 – A Bright Outlook

Berlin, Germany’s largest city with a population exceeding 3.7 million, is a vibrant hub of culture, innovation and diversity. Renowned for its top universities, dynamic sports events, world-class museums and captivating arts scene, Berlin offers a rich tapestry of experiences. With residents of 190 different nationalities, Berlin embraces inclusivity and creativity, making it a truly cosmopolitan destination.

Julia DzerkachAlexandra Dumoulin
By Julia Dzerkach and Alexandra Dumoulin
Berlin, Germany
Opinion Article Markets & Performance

Hotel Market Beat H1 2024 - UK

Transaction volumes in the UK hotel real estate market have significantly increased in the first half of 2024, reaching levels unseen since H1 2015. According to new data from Cushman & Wakefield, this revival saw around £3.9 billion transacted by hotel investors in the first half of the year. Fuelled by several major private equity portfolio deals, half-yearly investment saw a 210% upswing in activity versus the same period in 2023.

Jack WallsworthArsh Gupta
By Jack Wallsworth and Arsh Gupta
United Kingdom
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Opinion Article Markets & Performance

Venice Market Pulse

The resurgence of travel activity in Venice following the years afflicted by the COVID-19 pandemic has not only been a sign of recovery but also an indicator of evolving trends within the city's tourism sector. In line with what was observed in other Italian cities, Venice's hotel market experienced an unprecedented surge in the post-pandemic era. While overall occupancy rates remain below pre-pandemic levels, the upper upscale and luxury market segments appear to have fully rebounded. This recovery, along with a significant increase in average rates, has resulted in a notably positive impact on Revenue Per Available Room (RevPAR).

Ezio PoinelliLorenzo GullottaGiammarco Pignocchi
By Ezio Poinelli, Lorenzo Gullotta, and Giammarco Pignocchi
Venice, Italy
Opinion Article Markets & Performance

Paris Market Pulse 2024 – Going for Gold

The City of Light enjoys a well-balanced blend of business and leisure demand resulting in both a broad seasonality and strong average rates. Since 2015, Paris has faced multiple challenges which highly disrupted hotel performances. As the city was recovering from the 2015-16 terrorist attacks, the ‘yellow vests’ movement and pension reform strikes of 2018-19 and the transportation strike of 2019, the COVID-19 pandemic hit the world. The market has since shown remarkable resilience and has gradually recovered, reaching record levels of RevPAR in 2023. Despite and throughout this tumultuous period, Paris has maintained its status as one of the most sought-after destinations for hotel investment, owing to its robust underlying fundamentals.

Maxime GauthierAlexandra Dumoulin
By Maxime Gauthier and Alexandra Dumoulin
Paris, France
Opinion Article Markets & Performance

Amsterdam Market Pulse – Full Recovery in Sight

With a population of more than 930,000 , the capital city of Amsterdam lies on the coast of the province of North Holland. The city – known for its historic canals, the famous Van Gogh Museum, the Rijksmuseum, and the coffee shops of the Red Light District – is also a significant financial and business centre in Europe. There were more than 3,500 international companies in the Amsterdam Metropolitan Area (AMA) in 2023, representing more than 30% of the private-sector jobs. The city is highly accessible via local, national and international transport links. Amsterdam has excellent domestic and international connections via Amsterdam Schiphol Airport, the European high-speed rail network and the North Sea Canal.

Maxime Gauthier
By Maxime Gauthier, Consulting and Valuation Analyst, HVS London, HVS
Amsterdam, The Netherlands
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Opinion Article Operations & Strategy

Zürich’s Hospitality Approach: The Key to Happy Guests

A few weeks ago, I had the unique opportunity to visit Switzerland to attend the Young Hospitality Summit in Lausanne, Switzerland. I spent my first two days wandering Zürich, the largest city in the country, and I encountered a completely different model of hospitality. The straightforward service was complemented by unique, heartfelt experiences, and all workers were attentive and professional. I found myself efficiently and kindly served, and I began to think that the Swiss-German model of service has something to teach other countries. I believe that the simplicity of the hospitality in Zürich could refresh the sometimes-overwhelming hospitality we experience here in the United States.

Gina Grenyo
By Gina Grenyo, Undergrad student, University of Houston
Switzerland
Opinion Article Markets & Performance

Hotel Market Beat 2023 - Italy

Following a slow start, hotel investment activity surged in the second half of 2023, exceeding €1 Bn (+74% vs H2 2022). Total investment volumes for 2023 amounted to €1.5 billion (+1% vs 2022), reaffirming hospitality as a leading sector in the Italian real estate market. Key transactions included the acquisitions of Six Senses Rome, Aermont Pellicano Portfolio, and the sale of Blackstone’s 35% stake in HIP.

Cushman & Wakefield
Italy
Opinion Article Markets & Performance

Hotel Market Beat 2023 - Spain

Spain was the most active hotel investment market in Europe, with €4.2Bn transacted during 2023, a 44% increase relative to 2022. Portfolio dealsrepresented more than half of 2023 volume, among which are the sale of Blackstone’s 35% stakes in HIP to GIC (63 properties out of 77 in Spain) andPortfolio Equity Inmuebles to ADIA (17 hotels). Sovereign funds and other players with less reliance on debt drove the activity.

Albert GrauBruno Hallé
By Albert Grau and Bruno Hallé
Spain
HN Original
Opinion Article

Brave Hearts of Ukraine: A Beacon of Resilience and Welcome in the Face of Adversity

Earlier this month at ITB Berlin, I had the privilege to meet up with Irnya Sidletska, President of the Ukrainian Hotel & Resort Association. My meeting with Irnya was part of a significant event where several Ukrainian Tourism stakeholders showcased the "We Are Here" campaign, a poignant message of presence and perseverance amidst adversity. Developed with the support of Debbie Flynn, the global travel practice leader at Finn Partners, this campaign represents a collective effort to spotlight Ukraine's tourism potential against the backdrop of ongoing conflict.

By Henri Roelings, Founder, Hospitality Net
Ukraine
Opinion Article Markets & Performance

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.

Ezio PoinelliLorenzo GullottaGiammarco Pignocchi
By Ezio Poinelli, Lorenzo Gullotta, and Giammarco Pignocchi
Florence, Italy