Raging inflation may have been on the radar in January this year, but very few foresaw war in Europe and the post-C19 chaos surrounding international travel these last few months. It has been a roller-coaster six months and we hope things will settle down as we head down the back six of 2022.

Aside from Doha (decline in ADR) and Moscow (decline in occupancy and GOPPAR), all other markets recorded positive growth in all metrics. The post-C19 recovery was truly gathering momentum in H1 2022. Standout performers included: Amsterdam (+6,491% GOPPAR growth), Istanbul (+123.8% ADR growth), Prague (+449.5% occupancy growth) and Dubai with an Expo-inspired 76.8% average occupancy for the period.

Development costs have been hit by conflict and supply chain issues from Asia, and yet hotel construction and new projects continue apace, especially in the Middle East.

The transaction space has been busy, with lots of new deals in Spain, Italy and the UK. Interestingly, Switzerland has been particularly appealing to investors of late. Good to see some deal activity across Middle East and Africa. Among a good number of corporate transactions, some have been real headline grabbers (including Ennismore and The Pig Hotels).

Our back page feature is an ode to dual-branding, with huge thanks to Abrdn, Interstate Hotels & Resorts International, Hyatt Hotels Corporation and Addleshaw Goddard for your thoughts and contributions

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.

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