The fundamentals in the European hotel industry are solid. In the wake of more stable
inflation and the end of rising interest rates, investors are once again seeing attractive
yield opportunities.
Thanks to the ongoing tourist boom, the robust development of business travel and stabilising interest rates, investor confidence in the European hotel market has returned. The recent interest rate cut by the European Central Bank has further contributed to this. Nevertheless, the hotel investment market is facing a number of challenges in view of
the banks' scepticism regarding hotel financing. However, the improving macro
environment and the resilience of this asset class currently point to a noticeable recovery in the investment market in the second half of the year.
According to a survey by property service provider CBRE, the European hotel investment
market will develop positively in 2024. According to the "2024 European Hotel Investor Intentions Survey", 70 per cent of investors plan to increase their capital allocation in this sector. A further 25 per cent of respondents intend to maintain their investment level. "The European hotel market is incredibly dynamic and our survey results show that
investors will take an optimistic stance in 2024 as they look to capitalise on the
region's growth," said Ronald Chan, Associate Director, Europe Hotels Research at CBRE.
Source: ahgz
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