This issue of our Monitor series is a landmark in so many ways. First, never has our industry sustained such prodigious pressure on performance across all markets in all countries across all continents for so long and to such a debilitating degree. Second, after nearly 50 editions working together on this industry-recognised publication, we are very sad to announce that this will be the last collaboration with our dear friends at STR. Watch this space for future publication collaborations. Third, Liverpool won the League (earlier and later than any other team).

This is the first, and hopefully only, edition in which every single market recorded negative RevPAR performance. And not just modest declines. Big stonking ones. For example: Amsterdam (-68%), Prague (-73%), Paris (-73%). The best performers were Riyadh (-3%) and Cape Town (-25%). Amazing statistics and thanks so much to STR for being able to share anything in these strange times.

In terms of development costs, tender pricing has remained relatively stable as conflicting forces neutralise each other (namely lower productivity due to C19 safety measures versus lower prices from reduced activity).

Despite C19, there have been a good number of deals in a range of markets, including Africa and CEE/CIS. Of particular note has been the number of 'resort' transactions, especially in Greece, Italy and Portugal (long may this trend continue). More worringly though, we are starting to see receivership scenarios (especially in UK).

This issue of our Monitor series is a landmark in so many ways.

Our final page feature is a comparison of development costs between branded and unbranded hotels, whereby RLB provide a detailed breakdown of the additional costs that a developer/investor can expect to incur when chosing to work with a brand and to abide by their brand standards.

About WhiteBridge Hospitality

Whitebridge Hospitality is a specialist advisor to investors, developers and operators in the hospitality industry around the globe. We provide investment, operational and planning advice, and guidance in respect of the entire hospitality spectrum, including: hotels, mixed-use developments, conference and exhibition centres, spas, leisure facilities, casinos, visitor attractions and sporting venues. Our uniquely qualified team can provide services throughout an asset's life cycle, from site selection and acquisition, through master planning and feasibility studies, to operator selection, operational and asset strategy advice, to sale and agency services.

Philip Camble
Director
+44 20 7195 1482
Whitebridge Hospitality

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