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Findings from the Cushman and Wakefield Operator Beat 2023 indicate that capital cities throughout Europe continue to hold their allure for operators, with the recent addition of Vienna to this esteemed list. Notably, City markets in France, Germany, Benelux, and Turkey have experienced a surge in operator interest since 2021.
Prague is the second most attractive market in CEE for hotel operators with a presence or interest in the region. Its popularity is backed up by H1 being a period of healthy recovery for Prague hotels which achieved the second-highest (after Budapest) RevPAR (revenue per available room) among the region’s capitals1. In this year’s first six months, it reached EUR 69, which is an increase of 57% versus H1 2022, and already a 5% increase versus the pre-Covid H1 2019. This was primarily driven by the strong ADR (average daily rate) growth, which surpassed 2019 levels by over 20%. Hotel operat...
Nearly two and half years after the Covid-19 outbreak erupted, operators are optimistic about the recovery of the hospitality sector and keen to expand across Europe. Nevertheless, they are also facing challenges with their existing pipeline while adjusting to the new normal via evolving their operating structures and contractual terms. Cushman & Wakefield presents the findings of surveys conducted among over 180 senior executives of leading hotel operators active in Europe. The surveys were carried out from H2 2021 to Q1 2022 across nine different markets: the Iberian Peninsula, UK &...
Of all Central and Eastern European capital cities, Bucharest saw last year the largest increase in the revenue per available hotel room (RevPAR),...