Paris is always a good idea. And now travelers can escape to the French city and more European hotspots for less with a new Icelandair sale that has flights starting at just $349 round trip.
25.08.2023 - 14:36 / skift.com / Sean Oneill
Deloitte last week revealed the results of its yearly European hotel industry survey. Between mid-September and early October, the company quizzed more than 100 senior figures, including owners, operators, lenders, developers, and investors.
Here are the key findings:
The survey asked for the most attractive city for hotel investment in 2023. The answers, listed in order of popularity, are:
Countries seen to be the most on the upturn in 2023 for hotel investment are:
Deloitte’s survey provided guarded optimism. Other signals echoed this view. Europe’s hotel construction pipeline slowly improved in the first half of 2022.
Most of the growth has been in a handful of markets. The countries accounting for half of Europe’s construction pipeline as of the end of the second quarter were, according to data from Lodging Econometrics:
The European cities with the largest pipelines were:
While some hotel investors and developers will find the next year challenging, others will find value-priced opportunities and thrive. Choosing one’s battles will be critical. Properties in city centers that enjoy considerable domestic demand or long-term contracts with global brands will prove especially attractive if one judges by the recent deal flow.
Look at some of the latest deals to see where the momentum is.
Paris is always a good idea. And now travelers can escape to the French city and more European hotspots for less with a new Icelandair sale that has flights starting at just $349 round trip.
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