Edinburgh is the second most visited city in the UK and its hotel market demonstrated strong resilience in the past 18 months. We explore hotel supply and demand, seasonality, recent transactions, the hotel pipeline and average values per room.
The 2011 European Hotel Valuation Index tracks trends in upscale hotel values in 33 key European markets. 2010 was a year of recovery for the hotel sector: average hotel values per room across Europe, measured in euro, increased by 1.5%.
The eighties brought the world many design disasters, so it’s perhaps ironic that one of the most enduring hotel design trends was born in 1981, in London and San Francisco simultaneously.
HVS London releases the latest edition of its annual review of European hotel value trends. The Hotel Valuation Index shows that on average hotel values across Europe fell 13%, the second year in succession the index has shown a drop in value.
HVS London publishes its latest European Hotel Transaction Report, reflecting 2009 single asset and portfolio hotel transactions. European hotel investment activity fell by 50% to just over €3 billion: a drop of more than 85% on the volumes of 2007!
HVS’s London office released the latest edition of the Hotel Valuation Index (HVI). The survey shows that on average hotel values across Europe, measured in euro, showed the first annual fall in value since 2003.
2008 has proven to be the precursor of a new world order that seems to be emerging from the ongoing financial turmoil
HVS’s London Office has today published its latest European Hotel Transaction Report, reflecting the 2008 single asset and portfolio hotel transactions. The huge reduction in deals compared to previous years is the most dramatic ever recorded by HVS.
A sluggish national economy hasn’t held back growth in Center City Philadelphia, where expansions of business, tourism, and the convention center bring on a need for new hotels.
Tim Smith, a director with HVS's London office, describes his ten wishes for the UK hotel industry in 2009