According to new data from global hotel consultancy HVS reveals that historically growth in hotel ADRs (average daily rates) tends to outpace inflationary growth, even in times of high inflation.
According to global hotel consultancy HVS, hotels in Düsseldorf, the world's top destination for trade fairs and business conventions, have seen a market bounce in the second half of 2022 in line with Germany's economic growth and the slow return of international and business demand.
Despite Covid-related travel restrictions in The Netherlands being lifted in March 2022, somewhat later than in other European cities, Amsterdam's hotel sector has made a strong recovery with year-to-May data indicating strong growth compared with the previous year, says hotel consultant HVS.
Strong support from the French government combined with the continued worldwide appeal of Paris has resulted in a dynamic rebound for the city's tourism sector post pandemic ensuring its lead is maintained as one of the most desirable destinations for hotel investors.