Total European hotel transaction volume fell by 69 per cent in the year of the pandemic following a record high the previous year when €27 billion-worth of hotel deals were struck.
Sharp declines in revenue caused by the pandemic coupled with a cautious approach to lending has prompted hotel valuations to fall, although not as steeply as initially anticipated.
Trading across Europe’s serviced apartments has proved more resilient during the pandemic than other parts of hospitality despite an obvious decline in performance.
HVS leaders have hosted a webinar to offer expert perspectives on key hospitality issues including how the Covid-19 pandemic has impacted the regions and the kind of recovery hoteliers can anticipate
The event comes as the industry works together to share knowledge and ideas as it seeks to find the road to successfully exit this difficult period.
Once the Paris hotel sector overcomes the initial period of recovery, the longer term, post-Covid-19 future looks promising, according to the latest research. The Olympic Games in 2024, for example, is expected to provide a much-needed boost to tourism, according to HVS.
As officials in Germany begin a tentative reopening in the wake of the Covid-19 outbreak, HVS director Arlett Hoff here traces the spread pandemic and assesses how the county might bounce back from its impact
With the first chinks of light being seen in the Spanish battle against the coronavirus pandemic, Sophie Perret, senior director with HVS, here examines how two key tourism destinations might begin to recover from its impact
Hotels in London saw RevPAR growth of 0.9 per cent in quarter four of 2019, to £135.25, when compared with the previous year. However, average occupancy for hotels in the capital dropped back slightly in the final quarter of the decade, to 84.8 per cent.