Hotel Investment Sentiment In France - Conservatively Optimistic Expectations | HVS
HVS and ESSEC Business School partnered to survey the French hotel investment community. The survey assessed expectations about the French hotel market and gauged investment and lending parameters used. This article reports the results of the participants’ expectations. Lending and investment parameters will be reported in a forthcoming article.
The overall survey consisted of 53 questions, of which 18 were used for this initial article. These questions related to the parameters used in the past three years, future expectations and the respondents’ profiles. Some 68 potential respondents were contacted and 28 full responses were received, representing an encouraging response rate of 41%. The respondents were strongly representative of the French hotel investment community, with a good balance of investors, lenders, operators and advisors, as illustrated in Figure 1. This helps to confirm the validity of the conclusions reached.