Here it is folks. The true picture of the impact of C19 on our beloved industry in 2020. From a performance perspective, we have never seen such significant declines across the board, especially at GOP level, whereby half of the destinations listed generated negative GOPPARs. In transactions, the number and value of deals collapsed in H2 2020, and in construction, work has slowed considerably.

However, although HotStats were able to reveal the shocking levels of decimation to GOPPAR, with vaccines on the way there is surely hope and such devastating results can only presage a phenomenal recovery is in the offing in 2021.

The pandemic induced slowdown in the construction industry across the region in 2020 is expected to impact tender prices in 2021, with hospitality still the worst affected sector. C19 restrictions on construction sites are thought to result in an average productivity loss of less than 20%.

The impact on the transactions market in H2 2020 is clear to see with volumes shrinking to levels last seen during the Global Financial Crisis. The number of deals that qualified for inclusion in this quarter's Monitor was so small these last six months, that for the first time in EMEA history we were unable to feature our customary short list of 32 deals. As always, many more deals were done than those we list, but could not be listed for lack of publicly available information. If only more deal makers were more willing to reveal transaction pricing. Still, the curtailed table is a sign of the times.

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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