A review of how European hotels have been affected by COVID-19 thus far and a forecast of the expected recovery over the next few years. This article also explores the factors that will influence willing buyers and sellers and looks at different scenarios to assess the evolution of EBITDA and value ranges.
Note: This article first appeared in Bird & Bird's quarterly newsletter.
In the coming months, a true gem of a site in the heart of Hong Kong will be sold. Located in front of its iconic skyline, Site 3 measures 4.76 hectares between Jardine House (the one with the round windows) and the Star Ferry pier. We take a look at what could be accomplished here.
Through Q2 2020 the Canadian lodging industry is experiencing a RevPAR decrease of close to 55%. The luxury segment and hotels with more than 500 rooms have taken the brunt of the Covid-19 impact on lodging demand. The summer leisure domestic demand should prove a short term uptick in Q3.
With all the uncertainty that remains around the duration and outcome of this pandemic and its' prolonged impact on the hospitality industry in particular; HVS Hotel Owner and Investor Survey findings highlight hotel's operational status and challenges as well as hotel owners’ requirements to survive. In this AHIC broadcast series, the panelists, both of which are multiple asset hotel owners, discuss with Hala Matar Choufany the current issues and future investment appetite.
Sharing the full interview of Hala Matar Choufany, President of HVS Middle East & Africa, Recovery Townhall discussion with Sumaira Isaacs in a series of exciting and global interviews hosted by Global Tourism Forum to assess tourism and hospitality challenges as well as recovery and investment opportunities.
We raise key concerns and questions that are worth reflecting on to address the complex “new normal” that will govern future investments and operations in our industry. Although COVID-19 has challenged our fundamental forecasting approach that typically relies on predictable market trends and metrics, we share our assumptions pertaining to what the recovery model may look like for select cities in the GCC and the likely impact on EBITDA.
HVS is pleased to share the Hospitality GCC- Hotel Owner & Investor Survey. Despite the challenges and uncertainty, there will be better times and the hospitality and travel market will eventually come out stronger. The future winners are those that will create an ecosystem that is built on ethical principles and promotes a behavior that reflects a good corporate citizenship. Finally a strong risk mitigation approach, flexibility and innovation will remain key traits of successful organization
This article examines how UK hotels are likely to recover from the COVID-19 lockdown as restricitons are gradually eased. It covers the impact of international visitation on different UK regions and how different market segments will have an income on the recovery.
After the initial impact of COVID-19 on the tourism sector, Greece is experiencing a transitional period as it is entering the next phase of the outbreak. HVS conducted targeted interviews with highly influential tourism professionals and offers further insight on the aspects affecting operations in the short-term. Governmental decisions aiming to assist the nation’s tourism restart are described and their implications on businesses are further explained.