Industry Update
Opinion Article26 May 2015

HVS In Focus: Amsterdam Hotel Market Update

By Nicole Perreten, Consulting & Valuation Analyst at HVS and Constance Biria, Consulting and Valuation Analyst at HVS

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Nicole   PerretenNicole Perreten
Constance   BiriaConstance Biria

The article presents an update on the hotel market in Amsterdam, discussing trends in tourism, hotel/hostel performance, and new supply along with investment characteristics and future challenges. Hotel developments in Amsterdam can be categorised into two distinct areas: the historic city centre and the areas outside the city centre. The former is tightly controlled in terms of hotel development and the government has only granted planning consent for five new hotel developments in the past eight years (Andaz, Art'otel, Waldorf Astoria, W, Hyatt Regency). We understand that except for 'new and unique' hotel concepts such as the Palace of Justice (luxury), which adds major value to the hotel offer, no new city centre schemes will obtain permission in the medium term. 

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HVS In Focus: Amsterdam Hotel Market Update

The article presents an update on the hotel market in Amsterdam, discussing trends in tourism, hotel/hostel performance, and new supply along with investment characteristics and future challenges.
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Nicole Perreten

Nicole Perreten is a Consulting & Valuation Analyst with the HVS London office. Before joining HVS in 2015 she gained valuable operational experience in various establishments in France and Switzerland and worked with STR Global and Cushman & Wakefield in London. Nicole holds a BSc (Hons) in International Hospitality Management from Ecole hôtelière de Lausanne with a specialisation in real estate, market and corporate finance.

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Constance Biria

Constance Biria is a Consulting & Valuation Analyst with the HVS London office. Before graduating with an MSc in Management from London Business School, Constance received a double BSc (Hons) in International Hospitality Management and Finance from Glion Institute of Higher Education. Prior to joining HVS in 2015, she gained exposure in European luxury hotel operations and also worked in commercial banking and consulting.

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