ADVERTISEMENT
  • News
  • Technology
  • Culture
  • Entertainment
  • Sport
  • Travel
  • Music
  • More
    • Politics
    • Lifestyle
    • TV
    • Games
Monday, December 4, 2023
  • Login
No Result
View All Result
NEWSLETTER
FINCHANNEL
  • Home
  • Business
    • BANKS
      • GeoBanks
    • Finance
    • Insurance
    • Markets
    • Pharmacy
    • Press Releases
    • RealEstate
    • RealEstate
    • Finance
    • Insurance
    • Banks
      • GeoBanks
    • Markets
    • Press Releases
    • Personal Finance
  • World
    • America
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Americas
    • UK local news
  • Travel
    • Hotels in Georgia
    • Tours in Georgia
  • Videos
    • Promos
    • Soundslides
    • TheClinics
    • TheHoteliers
    • TheUniversities
    • TheHoteliers
    • TheClinics
    • TheUniversities
    • BestWorkplaces
    • Soundslides
    • Promos
    • Banking Forum
      • Promos
      • Soundslides
      • TheClinics
      • TheHoteliers
      • TheUniversities
  • Opinion
    • Editorial
      • Analysis
      • GORBI
      • OP-ED
      • VISA Editorial
    • Analysis
    • Gorbi
    • Book reviews
  • Tech
  • Interview
  • People
    • CityLife
    • Health & Beauty
      • Coronavirus
    • LifeStyle
    • Employment
      • MyCareer
    • Education
    • Media
    • Celebrities
  • Oil&Auto
    • Auto
    • Energy
  • EN
    • EN
    • GE
  • Home
  • Business
    • BANKS
      • GeoBanks
    • Finance
    • Insurance
    • Markets
    • Pharmacy
    • Press Releases
    • RealEstate
    • RealEstate
    • Finance
    • Insurance
    • Banks
      • GeoBanks
    • Markets
    • Press Releases
    • Personal Finance
  • World
    • America
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Americas
    • UK local news
  • Travel
    • Hotels in Georgia
    • Tours in Georgia
  • Videos
    • Promos
    • Soundslides
    • TheClinics
    • TheHoteliers
    • TheUniversities
    • TheHoteliers
    • TheClinics
    • TheUniversities
    • BestWorkplaces
    • Soundslides
    • Promos
    • Banking Forum
      • Promos
      • Soundslides
      • TheClinics
      • TheHoteliers
      • TheUniversities
  • Opinion
    • Editorial
      • Analysis
      • GORBI
      • OP-ED
      • VISA Editorial
    • Analysis
    • Gorbi
    • Book reviews
  • Tech
  • Interview
  • People
    • CityLife
    • Health & Beauty
      • Coronavirus
    • LifeStyle
    • Employment
      • MyCareer
    • Education
    • Media
    • Celebrities
  • Oil&Auto
    • Auto
    • Energy
  • EN
    • EN
    • GE
No Result
View All Result
FINCHANNEL
No Result
View All Result
Home Travel News

Hotel Investment Appetite Revealed as Amsterdam Named Top City for Third Year in a Row

The FINANCIAL by The FINANCIAL
November 12, 2018
in Travel News
Reading Time: 4 mins read
A A
0
Hotel Investment Appetite Revealed as Amsterdam Named Top City for Third Year in a Row
Share on FacebookShare on Twitter

The FINANCIAL — Edinburgh continues to be the most attractive hotel investment destination outside of London; Economic growth and talent retention is chief concern in hotel industry over the next five years.

Investors have named Amsterdam as the most attractive European city for hotel investment for the third year in a row, according to the 2018 European Hotel Investment Survey from Deloitte. The findings, based on responses from 122 senior hospitality figures from across the world, has been revealed ahead of the 30th annual European Hotel Investment Conference taking place in London last week.

Investors go Dutch for third year; London climbs to second

RelatedPosts

ravel Lemming Ranks Tbilisi as #22 Best Place to Travel in 2024

Batumi to host 30th World Travel Awards Europe Gala Ceremony – Travel Tomorrow

Why people immigrate to the UK: seizing the opportunities of administrative data

Radisson Hotel Group announces seven new hotels in Africa for the first half of 2023, maintaining its growth momentum across the continent

Amsterdam continues to be seen as the most attractive hotel investment destination in Europe, with more than a third of respondents (34%) ranking the Dutch capital top. London (24%) has climbed back to second place from fourth in 2017, ahead of Paris (22%) and Madrid (19%). Dublin (18%) and Barcelona (16%), which featured in the top three last year, have slipped to fifth and sixth, respectively.

London’s rise comes despite 70% of respondents saying that the UK is at a ‘peak’ or ‘downturn’ in its investment cycle. By contrast, investors identified France (50%), Greece (48%) and Spain (46%) as the European markets that are currently on the ‘upturn’.

“When it comes to hotel investment, Amsterdam is head and shoulders above the rest of Europe”, Andreas Scriven, head of hospitality and leisure at Deloitte, comments. “It remains a standout destination for business and leisure, and is strategically placed as a gateway city. Given the investor appetite and lack of supply in the Dutch capital, we expect to see further inbound investment in 2019”.

“It is reassuring to see London climb back up the rankings, and somewhat curious considering the uncertainty around the manner in which the UK will exit the EU in less than five months’ time. For London to continue to remain attractive to hotel investors, it will need to address concerns around over-supply and high pricing. Investors will be keeping a close eye on currency markets in the coming months, as sterling’s weakness is likely to be a key driver of inbound investment into the UK capital.”

Investors still expect top-line growth in the Regional UK hotel market

Respondents were also asked about their investment appetite towards the UK regional hotel landscape. For the fifth year in a row, Edinburgh has been named the most attractive UK regional city for hotel investments in the next 12 months, according to 39% of respondents. Second-place sees Cambridge (30%) overtaking Manchester (28%). All three cities are also expected to see the highest growth in RevPAR (revenue per available room) in 2019.

The majority of hotel investors are optimistic about 2019 growth prospects in the Regional UK hotel market, with 52% of respondents expecting RevPAR growth to be between 1-3% across the UK, although this is down from 70% last year. Hotel investors were less confident when asked about 2019 expectations for gross operating profit per available room (GOPPAR), however. One in four respondents (25%) expect GOPPAR to enter negative territory in London over the next 12 months, while 21% expect negative GOPPAR in the Regional UK.

The research also revealed growing concern around pricing multiples, with expectations on EBITDA multiples for both London and Regional UK falling year-on-year. Despite the majority (53%) expecting multiples of 11-14x in 2019, one in four respondents (25%) expect less than 10x multiples across Regional UK, up from 11% last year. Around a third (32%), however, still expect to see EBITDA multiples of over 16x in London, falling slightly from 36% in 2017.

Two-fifths (41%) of respondents expect the primary source of investment into the Regional UK market to come domestically. More than a third (36%) of hospitality leaders expect to see inbound investment coming from Asia Pacific (excluding China and India), increasing from 26% last year. The perceived importance of North America and China as a source of investment has continued to decline, falling by five and ten percentage points respectively year-on-year.

“The majority of hotel investors anticipate continued RevPAR growth in the Regional UK in 2019”,  Nikola Reid, director and head of UK hospitality at Deloitte comments. “However, one only has to scratch away at this surface to reveal clear concerns and intensity in operational cost pressures caused by inflation, staffing challenges and Brexit uncertainties. With significant headwinds to profitability, UK hotel owners and operators will need to continue to be more innovative with efficiency and productivity to preserve the bottom line whilst having to adapt to ever changing consumer habits and value expectations”.

“Despite this, we’ve seen no shortage of capital chasing the exceptional level of portfolio activity this year fuelled by a number of new players in town and ensuing aggressive pricing. With a number of portfolios and large single assets still expected to come to market next year, and, as we move closer to a resolution on the Brexit negotiations, the strength of the transaction market may be tested.”

Economic backdrop fuelling concerns around talent retention

According to the research, 38% of respondents identified ‘lack of economic growth’ as the number one strategic risk facing the European hotel industry over the next five years. Terrorism, which was last year’s number one risk after a series of high-profile attacks across Europe in 2017, has slipped to second place (34%, down from 67%).

In order to address the staffing issue prevalent in the European hospitality sector, three-fifths of hotel investors believe increasing pay would help attract the top talent over the next three years. Ensuring a faster career progression (48%) and improving employee benefits (43%) would also help attract and retain employees, according to respondents.

Scriven added: “Hotel investors are understandably concerned about the macroeconomic environment, which has exacerbated fears about attracting and retaining talent. Understandably, hospitality leaders are thinking about how they can keep hold of their staff. This is why we are seeing evidence of the need to increase pay and improve benefi to packages, in order to mitigate factors out of their control.”

 

ADVERTISEMENT
The FINANCIAL

The FINANCIAL

Related Posts

Majority of public believes high-level corruption is common in Georgia
Travel Biz

ravel Lemming Ranks Tbilisi as #22 Best Place to Travel in 2024

by The FINANCIAL
November 7, 2023
0

Online travel guide Travel Lemming names Tbilisi to position #22 on its annual list of the world’s 50 best travel...

Read more
IFC Helps Countries of Europe and Central Asia Boost Trade and Economic Growth

Batumi to host 30th World Travel Awards Europe Gala Ceremony – Travel Tomorrow

August 23, 2023
Why people immigrate to the UK: seizing the opportunities of administrative data

Why people immigrate to the UK: seizing the opportunities of administrative data

July 19, 2023
Radisson Hotel Group announces seven new hotels in Africa for the first half of 2023, maintaining its growth momentum across the continent

Radisson Hotel Group announces seven new hotels in Africa for the first half of 2023, maintaining its growth momentum across the continent

July 3, 2023
ADVERTISEMENT
  • Trending
  • Comments
  • Latest
Jeff Schwartz on Emergence and Evolution of Private Debt Markets

Jeff Schwartz on Emergence and Evolution of Private Debt Markets

October 18, 2023
mobile-banking.jpg

The experts at Symple Lending discuss how rising interest rates are make paying down credit cards more difficult.

September 6, 2023
Subway® and Wissol Group Partner to Expand Subway’s Presence in Georgia

Subway® and Wissol Group Partner to Expand Subway’s Presence in Georgia

November 8, 2023
EasyJet to fly to London from Stockholm Arlanda

The London Diplomatic List, Addresses, Contacts & Working Hours

January 23, 2023
Tegeta Holding won two nominations in the Corporate Sustainability Award Competition

Tegeta Holding won two nominations in the Corporate Sustainability Award Competition

October 23, 2023
Decline in HIV transmission in in UK but progress slow in women

Decline in HIV transmission in in UK but progress slow in women

December 3, 2023
Agriculture & forestry energy consumption stable

Agriculture & forestry energy consumption stable

December 3, 2023
FAO: “Milk Production in Georgia is an Attractive Niche for Investing In” 

Which regions are focused on cereals and milk production?

December 3, 2023
Tourism peak months differ across EU regions

Tourism peak months differ across EU regions

December 3, 2023
EU expenditure on R&D reaches €352 billion in 2022 Eurostat

EU expenditure on R&D reaches €352 billion in 2022 Eurostat

December 3, 2023

Popular Last 24h

  • The Washington State revokes, suspends licenses ანდ registrations of health care providers

    The Washington State revokes, suspends licenses ანდ registrations of health care providers

    92 shares
    Share 37 Tweet 23
  • Ukraine: Easing of offensive on Avdiivka shows Russian’s ‘running out of steam’

    69 shares
    Share 28 Tweet 17
  • A man has died and two others injured, including a British man on a street in central Paris.

    19 shares
    Share 8 Tweet 5
  • England players rocked by earthquake in Antigua ahead of ODI series

    17 shares
    Share 7 Tweet 4
  • Jeff Schwartz on Emergence and Evolution of Private Debt Markets

    625 shares
    Share 250 Tweet 156
  • Read Jürgen Klopp’s Fulham programme notes in full

    12 shares
    Share 5 Tweet 3
  • Find Social Security Number by Name Free

    2010 shares
    Share 804 Tweet 502

LATEST POSTS

Decline in HIV transmission in in UK but progress slow in women

Decline in HIV transmission in in UK but progress slow in women

December 3, 2023
Agriculture & forestry energy consumption stable

Agriculture & forestry energy consumption stable

December 3, 2023
FAO: “Milk Production in Georgia is an Attractive Niche for Investing In” 

Which regions are focused on cereals and milk production?

December 3, 2023
Tourism peak months differ across EU regions

Tourism peak months differ across EU regions

December 3, 2023
EU expenditure on R&D reaches €352 billion in 2022 Eurostat

EU expenditure on R&D reaches €352 billion in 2022 Eurostat

December 3, 2023
The Washington State revokes, suspends licenses ანდ registrations of health care providers

The Washington State revokes, suspends licenses ანდ registrations of health care providers

December 3, 2023
Ukraine: Easing of offensive on Avdiivka shows Russian’s ‘running out of steam’

Ukraine: Easing of offensive on Avdiivka shows Russian’s ‘running out of steam’

December 3, 2023
A man has died and two others injured, including a British man on a street in central Paris.

A man has died and two others injured, including a British man on a street in central Paris.

December 3, 2023
England players rocked by earthquake in Antigua ahead of ODI series

England players rocked by earthquake in Antigua ahead of ODI series

December 3, 2023
Read Jürgen Klopp’s Fulham programme notes in full

Read Jürgen Klopp’s Fulham programme notes in full

December 3, 2023

LATEST INTERVIEWS

Lighting the path for sustainability in Georgia

Lighting the path for sustainability in Georgia

by The FINANCIAL
August 14, 2023
0

Toyota Plays a Crucial Role in Contributing to Georgia’s Zero Emissions Challenge

Toyota Plays a Crucial Role in Contributing to Georgia’s Zero Emissions Challenge

by The FINANCIAL
July 12, 2023
0

“EU membership might attract European banks and other financial institutions to enter Georgia”

“EU membership might attract European banks and other financial institutions to enter Georgia”

by The FINANCIAL
May 15, 2023
0

Main risks facing banks in 2023

Main risks facing banks in 2023

by The FINANCIAL
May 15, 2023
0

‘Russia cannot be treated as a reasonable and reliable trade partner

‘Russia cannot be treated as a reasonable and reliable trade partner

by The FINANCIAL
February 13, 2023
0

We should increase our joint efforts to assist the growing tech sector here in Georgia

We should increase our joint efforts to assist the growing tech sector here in Georgia

by The FINANCIAL
February 13, 2023
0

‘Georgia has much to offer to UK investors

‘Georgia has much to offer to UK investors

by The FINANCIAL
February 13, 2023
0

‘The best way for the Georgian economy to prosper is to join the EU

‘The best way for the Georgian economy to prosper is to join the EU

by The FINANCIAL
February 13, 2023
0

Newsletter

ADVERTISEMENT

GET IN TOUCH

E-mail your company news at:

news (at) financial.ge Letters to the Editor: editor (at) finchannel.com

Local Marketing contact:

(+99532) 2252 275 | 76 EXT: 1 (+995 558) 03 03 03 (mobile) marketing (at) finchannel.com

Requests from abroad:

(+99532) 2252 275 | 76 EXT: 7 (+995599) 96 52 52 Email: zviadi (@) finchannel.com Contact video editor: E-mail: video (at) financial.ge

Postal address: 17 Mtskheta str. Tbilisi, Georgia 0179 The FINANCIAL

RESOURCE

  • Work at the FINANCIAL
  • ePaper
  • Advertise in The FINANCIAL
  • Access ePaper
  • Guest posts
  • Contributed articles
  • AmericanStockNews
  • Coupon Codes
  • GLOSSY MAG
American Culture Center
ACC Partner

GUIDEBOOK

  • Meet our team
  • Invest in Georgia
  • Become contributor
  • Archive

FOLLOW US

  • Facebook
  • Twitter
  • Google+
  • Youtube
No Result
View All Result
  • Home
  • Business
    • BANKS
      • GeoBanks
    • Finance
    • Insurance
    • Markets
    • Pharmacy
    • Press Releases
    • RealEstate
    • RealEstate
    • Finance
    • Insurance
    • Banks
      • GeoBanks
    • Markets
    • Press Releases
    • Personal Finance
  • World
    • America
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Europe
    • Georgia
      • Media
    • Ukraine
    • Americas
    • UK local news
  • Travel
    • Hotels in Georgia
    • Tours in Georgia
  • Videos
    • Promos
    • Soundslides
    • TheClinics
    • TheHoteliers
    • TheUniversities
    • TheHoteliers
    • TheClinics
    • TheUniversities
    • BestWorkplaces
    • Soundslides
    • Promos
    • Banking Forum
      • Promos
      • Soundslides
      • TheClinics
      • TheHoteliers
      • TheUniversities
  • Opinion
    • Editorial
      • Analysis
      • GORBI
      • OP-ED
      • VISA Editorial
    • Analysis
    • Gorbi
    • Book reviews
  • Tech
  • Interview
  • People
    • CityLife
    • Health & Beauty
      • Coronavirus
    • LifeStyle
    • Employment
      • MyCareer
    • Education
    • Media
    • Celebrities
  • Oil&Auto
    • Auto
    • Energy
  • EN
    • EN
    • GE

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.