In early May, hoteliers met in Berlin for the International Hotel Investment Forum to discuss when the industry could conceivably recover in Europe's major markets and what investment opportunities remain.
Buyers are considering hotel investment in Europe with a fair degree of uncertainty.
Camil Yazbeck, senior vice president of development for northern Europe at Accor, said "demand has been super-strong with record levels of dry powder helping to maintain prices at pre-COVID levels. We are not seeing many distressed hotels. Owners are approaching private equity and debt funds and other sources of capital to recapitalize or add value to existing or new deals."
“There is a lot of dry powder, but everyone is looking for the same returns, so pricing remains the same. I’m telling my team to create the right deals and then go knocking on the doors of the right owners,” he said.
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article3 Min ReadMay 09, 2022 09:24 AMHotel CEOs at the International Hotel Investment Forum in Berlin said now is the time for leaders to reset the rules and take their staff on career journeys that underline hospitality and the mission, value and ethics of the hotel firm.
article4 Min ReadMay 10, 2022 09:10 AMBroad economic pressures are making hotel valuations more difficult, following a prolonged pause in appraisals due to the COVID-19 pandemic, experts said at the International Hospitality Investment Forum.
article4 Min ReadMay 11, 2022 09:19 AMEnvironmental, social and governance issues cover a wide swath of topics, and investors placing money in European hotel and hospitality projects are committed to compliance, despite a lack of universal metrics.
article4 Min ReadMay 12, 2022 10:01 AMHotel investors, managers and brand executives are exploring all avenues for growth as Europe recovers from the first two years of the pandemic.
article3 Min ReadMay 13, 2022 08:32 AMEuropean investors have far less experience in franchising hotels than their American counterparts, but the model is changing, with owners seeking more control.
article3 Min ReadMay 16, 2022 08:22 AMWhile the continent still lags behind the U.S. and its own pre-pandemic performance levels, hotel demand is clearly rebounding in Europe, led by the United Kingdom.
article4 Min ReadMay 17, 2022 08:34 AMAs hotels grew more dependent on automated revenue management, a global pandemic led to unprecedented shifts in demand, which forced revenue managers to adjust on the fly.
article5 Min ReadMay 18, 2022 08:46 AMThe capital the sidelines of the hotel industry in Europe is waiting to be spent but is under pressure from cost inflation, stress testing and heightened competition.
article1 Min ReadMay 18, 2022 09:13 AMAccor President and CEO Sébastien Bazin shared optimism for his company's brands and hotels, as well as the hotel industry in general, in an exclusive, one-on-one interview with Hotel News Now in Berlin.
article4 Min ReadMay 19, 2022 08:59 AMThe harsh realities of the pandemic have forced hoteliers from a sit-and-wait approach with technology to driving innovations with operations and technology to preserve and improve profitability.
article1 Min ReadMay 20, 2022 07:55 AMHotels must adapt around the idea that employees now want more work-life balance, and require transparency from their employers around corporate social responsibility.
article2 Min ReadMay 20, 2022 09:36 AMWhile the pandemic drove travel demand away from urban markets, Yotel's Hubert Viriot said he's as hopeful as ever for his young brand and expects to thrive through more sophisticated, efficient operations.
article1 Min ReadMay 23, 2022 09:16 AMFrench hotel firm Louvre Hotels Group, which is fully owned by China’s Jin Jiang International, has one foot in the future thanks to IT initiatives and new products such as extended stay. But it also has one foot in the past as it repositions its iconic Golden Tulip brand.
article5 Min ReadMay 23, 2022 09:17 AMInnovation is key in the hotel industry, but since the COVID-19 pandemic, hoteliers have focused on how to boost revenue streams.
article3 Min ReadMay 24, 2022 09:40 AMHoteliers looking to capitalize on guests blending leisure and business stays need to leverage their location and amenities, experts said.
article6 Min ReadMay 25, 2022 08:56 AMWith locations ranging from mountain chalets to beachside destinations, resorts in Europe don't follow a prescribed path, but focusing on what draws visitors to a specific location helps resort hoteliers and investors grow market share.
article1 Min ReadMay 25, 2022 09:05 AMAs more international brands look to grow their presence in the all-inclusive segment, Apple Leisure Group President of Global Business Development Javier Coll says that lends credibility to those resorts as investments.
article2 Min ReadMay 26, 2022 08:22 AMHoteliers say that leisure travelers have transformed over the course of the pandemic, and that works out to the benefit of properties such as all-inclusive resorts that can provide relief for their day-to-day strife.
article2 Min ReadMay 27, 2022 08:03 AMDespite its status in the lifestyle hotel segment, Ennismore is invested in authenticity, relevancy and the guest journey, according to co-CEO Sharan Pasricha.
article1 Min ReadMay 31, 2022 08:54 AMPrimestar Managing Director Andreas Erben said his company will grow through its new boutique and extended-stay hotel brands, along with a coworking brand, while still opening new properties with prominent international brands.
article1 Min ReadJune 01, 2022 08:30 AMZetland Capital's vice president of investments said the hotel sector is attractive due to opportunities in rebranding, repositioning and capital expenditures. But despite optimism and a healthy 2022 pipeline, the windows of opportunity might become smaller due to increased competition.
article1 Min ReadJune 02, 2022 08:37 AMPygmalion Capital’s Christophe Beauvilain said his firm is concentrating on off-the-radar, distressed situations that largely go unnoticed by larger firms and in which lie opportunities to grow in markets where there is a lack of international brands and even moratoriums on development.
article1 Min ReadJune 03, 2022 08:45 AMKew Green Hotels CEO Chris Dexter said, "No country or destination is too small or too far away," in the company's ongoing quest for global expansion, which will soon continue with the addition of a property in Miami, Florida.
article3 Min ReadJune 06, 2022 08:52 AMWyndham Hotels & Resorts' Europe, Middle East and Africa President Dimitris Manikis says the region represents vast opportunities for many of its established and newer brands.
article5 Min ReadMay 05, 2022 03:10 AMEditors recap the opening day of the International Hotel Investment Forum in Berlin with takeaways, quotables and more highlights from the event.
article4 Min ReadMay 06, 2022 09:10 AMWhile hoteliers are hopeful for the return of travel across most of Europe, several major hurdles remain, including limited airlift, labor challenges and the need for more holistic sustainability initiatives.