Hotel operators need to learn to manage the entire building they operate and start thinking of performance in terms of the total revenue or profit per available square meter, giving a more accurate assessment of the property’s success.
Third party hotel operators set to grow across Europe, says HVS
The number of hotel owners using third-party operators to run their properties looks set to increase across Europe, reflecting the desire for flexibility as well as a number of other benefits, according to a new report from global hotel consultancy HVS.
HVS appoints Stephen Still as Associate Director, London
With over 20 years professional valuation experience, Stephen has a broad knowledge of international markets across the EMEA, Americas and Caribbean regions having worked out of head offices in the UK, New York, Abu Dhabi, Ireland and the Cayman Islands.
HVS Europe hotel transactions update
Europe’s largest hotel operator Accor has entered exclusive negotiations to sell a 10.8% stake in Ennismore, a global collection of leading lifestyle hospitality brands, to a Qatari consortium.
India hospitality industry overview 2021
The year 2021 has been nothing short of a roller coaster ride for the Indian hotel sector.
Israel’s tourism sector ready for recovery
The Israel Ministry of Tourism and HVS presented a live event last week at Expo Dubai focussing on hotel opportunities in Israel.
APAC hospitality industry update – Week Ending 4 February 2022
Shanghai Land Group acquired Hyatt on the Bund, Shanghai for RMB4.5 Billion.
Global hotel values fall due to pandemic but recovery anticipated by 2025
Hotel values are not expected to make a full return to pre-pandemic levels until 2023-25 with some regions across the globe showing faster recovery than others.
Refinancing tough for hotel sector as lenders become cautious
Hotels have weathered the pandemic storm well with support from lenders, with a bounce-back of trade expected, although for some this may take three to four years to achieve.
