Despite numerous conflicts, uncertainties due to several surprise early elections and pressure from local residents complaining about high tourism, the hotel industry in EMEA continued to perform well and some would even say that our industry is approaching stable levels again after the pandemic (with a broad mix of growth and declines in performance).
The destination with the highest occupancy was Dubai (80.3%) and Milan (€157.28) in GOPPAR. In terms of GOPPAR growth in the first half of 2023, Amsterdam performed the worst (-13.3%) and Doha the best (+50.1%, after recovering from its post-World Cup hangover). Paris suffered from nervousness ahead of the Olympics, with declining occupancy (-3.4%), declining RevPAR (-2.0%) and declining GOPPAR (-9.6%). Download the report
As interest rates peak or fall, confidence in the construction industry is gradually returning. Many European countries are seeing an increase in construction and site activity and greater stability in tender prices.
The first half of 2024 saw a lot of deals of all kinds. Busy markets included Greece, Eastern Europe and of course the usual suspects France, Spain and the UK. London was particularly popular and could have a record year.
Some would say that our industry is approaching a stable level (with a broad mix of growth and decline) after the pandemic.
On our final page, we have a special feature on London’s luxury hotel sector, examining the impact all the new ‘branded’ luxury hotels that have recently opened are having on the segment as a whole.
Philip Camble Download the full report
