Cristina Balekjian is a Director of Hospitality Analytics at CoStar covering the UK hotel market. With over 15 years’ experience in the hospitality sector, Cristina has a wide network and her knowledge spans from operational to consulting and analyti...
Cristina Balekjian is a Director of Hospitality Analytics at CoStar covering the UK hotel market. With over 15 years’ experience in the hospitality sector, Cristina has a wide network and her knowledge spans from operational to consulting and analytical roles, having previously worked at HVS, Hilton and Christie & Co focusing on feasibilities, valuations and due diligence advice.
Cristina is based in London and is responsible for providing timely and relevant insights to CoStar clients and through various media outlets having been featured in publications like the Evening Standard and The Caterer. She holds a BSc (Hons) in International Hospitality and Tourism Management from the University of Surrey and a Certificate from Cornell University on Hotel Real Estate Investment and Asset Management, and she is also a member of the Society of Property Researchers.
Hotels in tourist hotspots, such as Cornwall and Devon and Scotland Provincial, have seen larger increases in bookings for the school holiday and Easter period since the war in the Middle East broke ...
Hotel revenue performance started at a steady pace in 2026, with occupancy in February showing its greatest decline since last June, according to CoStar data.
The number of luxury hotels achieving ADRs of $1,000 and above has significantly increased since 2019, with London seeing some of the biggest shifts in its luxury supply landscape.
Average daily rates have come under downward pressure across most parts of London over the past year, but the story varies by submarket. The City and Docklands have posted decent revenue per ...
Fewer events and reduced pricing power failed to dent Paris hotel performance in 2025, as rising numbers of American tourists and occupancy gains pushed the French capital’s hotel performance to ...
Office vacancies in London’s City Core fell to 9.2% at the end of 2025, their lowest level for over five years and dipping below the Central London average for the first time in more than two ...
Compared with other European countries, UK hotels ranked bottom of the table, with revenue per available room growing by approximately 1% in 2025, according to CoStar data.
The number of office acquisitions with potential for hotel conversions has grown since 2019, with London recording the largest volume of space traded in 2025, according to CoStar data.
Following a year of two halves in 2025, marked by evolving consumer behaviour, uneven market performance and a late investment surge, the year ahead is expected to show similar patterns amid ongoing ...
The UK hotel sector navigated a complex landscape in 2025, marked by shifting consumer behaviour, uneven performance across markets and evolving investment strategies. Despite macroeconomic ...
The UK remains an attractive market for hotel development, with investors and operators continuing to seek opportunities in key locations. Despite its challenges and a general slowdown in ...
A lack of pricing power throughout 2025 has negatively affected average daily rates, which have mostly lagged inflationary increases, according to CoStar data.
London and Edinburgh achieve the highest average daily rates in the UK, with London topping the rankings. However, over the past five years, Edinburgh’s hotel prices have closed the gap with those in ...
Edinburgh’s appeal as a destination has translated into a significant increase in hotel developments, as falling office and retail property values have lowered the barriers to entry. As a result, ...
UK hotel forecasts indicate moderate revenue per available room growth in 2026, according to the latest STR forecasts. Meanwhile, full-year 2025 forecasts have been marginally upgraded, following a ...
Manchester city centre’s hotel landscape has continued to expand, with ongoing supply additions limiting hoteliers’ ability to drive top-line trading performance.