Industry Update
Performance 3 March 2014

Room to Grow: PwC's European Cities Hotel Forecast 2014 and 2015

share this article
1 min
PricewaterhouseCoopers

This third edition of PwC's European cities hotel forecast is published against a backdrop of a region that has taken an economic pounding but is seeing clear evidence of economic recovery and returning confidence. The world is changing at a pace and in this snapshot (taken in February 2014) we look forward to resurgence in travel and hotel prospects in 2014 and 2015.

Advertisements

In terms of where hotels are compared to before the recession, in nominal terms the

market is almost back at its pre-recession peak (reached during 2007) but it remains significantly behind in real terms. For example, European ADR is now only 5.7% below its pre-recession levels in nominal terms but 17.9% lower in real terms.

There are 18 cities in this econometric forecast – all are important gateway cities and/or

business and tourism centres and some are en route to becoming mega cities. The 18 reflect the challenges facing other cities in Europe where position on the economic and hotel cycle is crucial, and some cities are clearly better placed to grow than others. We anticipate growth in 17 out of the 18 cities in both 2014 and 2015.

In this edition we give look back at 2013: give our forecast for 2014 and 2015, and

provide a city by city forecast for 18 gateway cities in Europe. We also give our view on the challenges facing hotels in these locations, along our economic, travel and supply outlook, and we explore the megatrends that will be transforming hotel businesses.
Source

View source

Related Document

Room to Grow: PwC's European Cities Hotel Forecast 2014 and 2015

This third edition of PwC’s European cities hotel forecast is published against a backdrop of a region that has taken an economic pounding but is seeing clear evidence of economic recovery and returning confidence. The world is changing at a pace and in this snapshot (taken in February 2014) we look forward to resurgence in travel and hotel prospects in 2014 and 2015.
Download document (2 MB)

About PwC US

At PwC, our purpose is to build trust in society and solve important problems. We"re a network of firms in 158 countries with more than 236,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com.

PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.

Contact
Robert Milburn
UK Hospitality & Leisure Leader
Phone: 020 7212 4784
Send email
Latest News
Advertisements