Croatia hotel investment on track to reach €1.2B by 2022 - total-croatia-news.com
Investment in Croatia's hotel industry is predicted to reach €1.2 billion by 2022, according to reportfrom Ernst & Young.
Reports
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 Simon Hultѐn and Sophie Perret
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.
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.
Barcelona's Stress Test – Will the hotel market ride it out?
This article presents recent supply and demand trends for Barcelona, before discussing some of the sociopolitical events that have impacted the market over recent months, as well as their effect on hotel performance and the outlook for the coming year.Barcelona is Spain's second-largest city, with a population of approximately 1.6 million in 2017, and is the capital of Catalonia. Located on the Mediterranean coast, 180 km southwest of the French border, Barcelona is the country's principal seaport and is the third-largest port in the Mediterranean region.Since the organisation of the Olympic Games in 1992, Barcelona has become a favourite short-break leisure destination in line with cities such as Paris, London and Amsterdam. It is also an increasingly important port for cruise ships. In addition, Barcelona is an established centre for meeting, incentive, conference and exhibition (MICE) business: the city was 3rd in the International Congress and Convention Association (ICCA) ranking in 2016 with a total of 181 meetings.
By Magali Castells and Sophie Perret
HVS In Focus: Capri Island, Italy
Capri, together with Ischia and Procida, is the one of the three main islands of Campania, a region in Southern Italy with an area of about 13,500 km² and a population of 5,836,317 (2016). The distinctive features of the region are its mild climate, the abundance of art and historical sites, the strong passion for music and food as well as the presence of Mount Vesuvius, one of the most active volcanos in Europe located in the Gulf of Naples. Being largely washed by the Tyrrhenian sea, many leisure tourism destinations were developed over the years in Campania, such as Capri, Amalfi, Positano and Sorrento; besides Naples, which is the regional capital.Capri's area spans over approximately 10,5 km2, while the inhabitants of the two municipalities (Capri and Anacapri) are about 15,000. Its precipitous coast and its numerous caves give a very peculair configuration to the natural setting of the island. Moreover, Similar to Campania region, music, food and history are always there, but what established the island as such an attractive tourist pole is the exclusivity and the "dolce vita" that visitors experience during their stay, through the sea life and the nightlife, which certainly revolves around the timeless "piazzetta".The charm of this island is remembered since the Roman Empire. Some of the first known admirers and visitors of Capri were the Emperor Augustus, that made the island his private dominion, and the Emperor Tiberius, who built 12 properties to retire from Rome's life, some of them are still visible today. The current tourism status begun with the two World Wars, where the island hosted many political figures which gave birth to a small political-literary oasis. After that, a gradual change of the island's economy accomplished through a progressive decline in agriculture and coral production in favour of the tourism sector.
HVS Market Pulse: Berlin - In Search of ADR Growth
This market pulse provides an overview of the tourism and hotel market in Berlin, Germany. It discusses recent tourism trends, challenges encountered in pushing average rate and provides a summary of the extensive hotel pipeline.
By Dayk Balyozyan and Arlett Hoff
HVS Market Pulse: Geneva - Ripe for Budget?
This market pulse provides an overview of the tourism and hotel market in Geneva, Switzerland. It discusses recent tourism trends, challenges encountered in light of the currency situation and the impacts on hotel performance. This article also provides a summary of the extensive hotel pipeline which has the potential to make the city a more affordable destination to visit.
By Lionel Schauder and Arlett Hoff
HVS Hotel Bulletin Q4 2017
AlixPartners, AM:PM and HVS have published the Q3 2017 Hotel Bulletin. The Hotel Bulletin analyses demand, supply, pipeline and transactions in the hotel market in 12 UK cities. Includes a focus on UK performance over the last five years.
By Russell Kett, Chairman at HVS - London Office, HVS
The hospitality sector in Athens over the years
Tourism is booming in Greece. According to the World Tourism and Travel Council, the number of international tourist arrivals has grown more than 1.5 times in the past seven years. Euromonitor International has included Athens in the top three tourist destinations in European, and the number of tourists is growing faster than anywhere else. According to analysts, the number of tourist arrivals will grow by another 10% in 2017.
Portugal: Tourism Sector Expected To Grow Thanks To Luxury Hotels | tourism-review.com
A recent study on the tourism sector in Portugal revealed that the industry is likely to grow in the area of luxury hospitality and several niche products like nature, surf, sun, beach, and culture. The regions with positive outlook with respect to tourism include Algarve, Lisbon, Porto and Madeira.
The study was published by Cushman & Wakefield in response to the increasing interest of real estate investors in the Portuguese tourism sector. The report “Hospitality Market in Portugal 2017” talks about a booming hotel sector in the country, marked by an excellent performance of hotels and by the ever increasing tourist indicators registered year after year, since 2010.
Russian Tourism To Slow Down In 2018 | tourism-review.com
The market of organized tourism, where the volume of bookings increased by more than 30% this year, is unlikely to show the same growth in 2018. According to experts’ estimates, the growth rate of the Russian tourism industry will slow down to 8-10%. There will be less noticeable growth in incomes of citizens and an increase in the calculation base. The return of the market to pre-crisis levels is unlikely to be achieved in the coming five years.
HVS: Hotel Bulletin Q3 2017 - Rising Costs Prove Challenge To UK Hotels Prompting Slowdown In ReVPAR Growth
Some investors could become increasingly wary of hotel assets as RevPAR growth plateaus amid predictions of labour shortages and increasing costs, according to Hotel Bulletin Q3 2017 published this week by HVS, AlixPartners, STR and AM:PM. The Bulletin reports that in Q3 2017 average growth in RevPAR (rooms revenue per available room) at 5% was the lowest level since Q1 2016, although the long-term outlook for UK hotels remains firmly positive.
By Russell Kett, Chairman at HVS - London Office, HVS
In Focus: Madrid, Spain
This market snapshot provides an overview of the recent performance of the lodging industry in Madrid, Spain, in terms of demand and supply and analyzes past and future tourism trends. In writing these articles we utilise the expertise of HVS for each market combining our in-house data and research together with published information and interviews with opinion leaders regarding each of the examined destinations.
By Ezio Poinelli and Filippo Brivio
Wedding Tourism In Italy – 385 Million Euro Business | tourism-review.com
Katie Holmes and Tom Cruise in the Odescalchi Castle in Bracciano, Kim Kardashian with Kanye West at Forte Belverde in Florence, and Amal Alamuddin with George Clooney at the Aman Hotel on the Grand Canal. All these celebrities got married in Italy. Wedding tourism in Italy has been constantly growing. According to a research conducted by Massimo Ferrruzzi, founder of Jfc, there have been 7,147 weddings thus far this year. These weddings have generated a turnover of almost 386 million euros. Spending increased by 2.3 percent over 2016. With an average stay of 3.5 days per guest and 8.4 days for spouses, total arrivals reached 336,232, while attendances amount to 1.2 million. But there are several ways “to say ‘yes’” and Jfc’s study also analysed the three types of weddings and their economic impact.
Luxury Travel To Germany Is Booming | tourism-review.com
With an increase of around 18% since 2014, the growth of journeys in the luxury travel segment is almost twice as high as that of all foreign trips. All foreign trips rose by around 9% during the period. This is the result of a special evaluation of the World Travel Monitor on behalf of ITB Berlin. According to the study, Germany is the most popular destination in Europe. In the analysis, international trips were defined as all outbound short trips of up to three nights with expenses of more than 750 euros per night, as well as all longer stays abroad from four nights with expenses of more than 500 euros per night. In 2016, around 54 million luxury trips were made abroad. The market share of luxury travel rose to around 7% in 2016.