HVS | November 10, 2020
10 November 2020, London: Trading across Europe’s serviced apartments has proved more resilient during the pandemic than other parts of hospitality despite an obvious decline in performance, according to a new report on the sector published today by global hotel consultancy HVS. A survey of leading operators, investors and lenders conducted for the annual report reveals that the majority of operators have seen top line performance decline by 25-50% this year, compared with 2019, while a third of operators report declines of up to 75%. These figures suggest those operations are still largely profitable, albeit with reduced margins, wi...
HVS | May 14, 2020
14 May 2020, London: Once the Paris hotel sector overcomes the initial period of recovery, the longer term, post-Covid future looks promising with the Olympic Games in 2024 expected to provide a much-needed boost to tourism. Looking at recovery in Paris’s hotel sector, global consultancy HVS says that the Games are likely to benefit the rebound of tourism, with the €2bn investment plan to revitalise Disneyland Paris expected to go ahead, albeit with possible delays because of the pandemic. Paris is currently undergoing a phased easing of the strict coronavirus lockdown measures imposed on 17 March, with hotels – as well as resta...
HVS | February 26, 2020
26 February 2020, London: Hotel values across Europe gained a further 3% last year according to the annual European Hotel Valuation Index (HVI) compiled by global hotel consultancy HVS, marking the third year of increase for Europe’s hotel sector. Most of the cities in the survey showed a positive valuation performance in 2019, with 10 experiencing value swings of over 5%. Only six of the 33 markets tracked in the European HVI showed a value decline. The year saw increased momentum for hotels in Southern Europe, with an overall increase in values of 7% - up from 4% in 2018 – with all cities in the region showing a value rise. Easter...
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