According to a new report from global hotel consultancy HVS, tourism numbers to the Hungarian capital of Budapest have risen by 12% over the past three years prompting a recovery in the city's hotel sector and stimulating further demand for vacation property assets.
Hotels in the two Russian cities of Moscow and Saint Petersburg recently enjoy the benefits of massive tourism inflows with the recent World Cup Soccer event.
UK, Germany and Spain are the three most attractive hotel investment destinations in Europe, with more than two-thirds (69%) of investors identifying these markets as the preferred countries for hotel investment in 2018.
According to global hotel industry consultant STR, there are 184,299 hotels comprising 16,966,280 million rooms around the world in the first quarter of 2018. That number of rooms represents a 17.7% increase over the last 10 years.
Both Moscow and St. Petersburg luxury segments' Average Daily Revenue (ADR) crossed a threshold of RUB18K for the first time.
The market in the Russian capital is still riding strong, gaining volume of rooms sold in most segments and rates in some. Overall, the weighted market average occupancy of the quality hotels in the Russian capital had risen 2.6 ppt.
Homebuyers now adopt a 5 to 10-year view when purchasing a ski home, and increasingly place great value on the liquidity of their asset.
According to STR, the United Kingdom's hotel industry is in the midst of 30 consecutive months of moving average revenue-per-available-room (RevPAR) growth.
Hotel consultant STR is reporting this week that 2015 marked the first year since 2010 in which the European hotel industry passed hotels in the U.S. in year-over-year revenue per available room (RevPAR) growth.
I travel a lot. And while I'm not a proponent of spending a great deal of money for a hotel, I certainly enjoy the amenities of five-star lodging. Especially if the client is paying for it. I prefer instead, to eat and drink my way around a town.
Dublin is suffering a major shortage in hotel rooms, and that it has an urgent need for an additional 3,000 rooms to satisfy current demand.
According to Christie + Co., the remarkable resurgence of hotel investment in Spain will continue to be a key story in 2016. This is based on their new report titled 'The Keys to the Spanish Hotel Market Recovery'.
The recovery in the Alpine real estate market, led by the ultra-prime resorts, has spread to the rest of the region with infrastructure investment spurring new development.
A new report by Christie + Co and STR Global finds that overheated competition and low yields in some Western markets are pushing investors towards secondary Central Eastern Europe markets
Seattle, Washington: Are you an eco-wanderer or an urban explorer? Ponder for a moment, if you could travel the world, where would you go? Is your calling the pulse of big cities or traveling to destinations accessible only by canoe?
With the official start of summer this Memorial Day weekend, are you looking for an out-of-the-ordinary summer escape, away from the crowds? Well...there are some great ones!
Access Industries, a privately held industrial group just announced this week that the iconic Grand-Hôtel du Cap-Ferrat will be managed by Four Seasons Hotels and Resorts as of May 8, 2015.
Europe, perhaps more than any other continent, is known for its picturesque old villages. There are so many, in fact, that we could easily do a travel column on the Top 10 villages in each country!