
Our Serviced Apartment Sentiment Survey invited lenders, investors and operators to share their views on the challenges and strategic focus points in 2025 and beyond.

Snapshot of the Edinburgh hotel market in 2025 with an exploration of tourism demand, hotel performance, hotel supply, the investment market and the market outlook.

In Focus: Indonesia provides an overview of Indonesia's tourism landscape and hotel market performance, infrastructure developments, hotel transactions and investments in 2024, an in-focus topic on the 10 priority destinations as well as an outlook.

Africa’s hotel pipeline is expanding, but delivery challenges persist. The Future Hospitality Summit Africa highlighted issues like misaligned financing, FX volatility, and policy fragmentation. While investor interest is strong, success now hinges on execution, local expertise, and viable delivery models.

Snapshot of the Barcelona hotel market in 2025 with an exploration of tourism demand, hotel performance, hotel supply, the investment market and the market outlook.

Snapshot of the Algarve hotel market in 2025 with an exploration of tourism demand, hotel performance, hotel supply, the investment market and the market outlook.

The Manhattan market has been experiencing a prolonged post-pandemic occupancy recovery, despite strong ADR gains. Although legislative and supply changes should bolster this recovery, recent geopolitical factors and the tariffs and policy changes enacted by the new federal administration are expected to affect short-term hotel market trends. Our current demand forecast shows a full recovery beyond 2019 levels by 2027/28.

Decisions at the federal level, such as import tariffs, are affecting global markets, and cuts initiated by the Department of Government Efficiency (DOGE) are having impacts across the nation. These policies are also significantly affecting hotels in Washington, D.C., the market located at the heart of the federal government.

Choosing the right hotel operating model (franchise, management agreement, or third-party operator) depends on owner goals, market conditions, and property characteristics. Franchises offer brand support but require strict standards. Management agreements, common in the Middle East, balance risk and reward. Third-party operators provide flexibility and cost efficiency. Owners must evaluate options to maximize returns as market dynamics shift.

This report highlights the key trends in the Indian hospitality industry in 2024 along with the sector performance metrics, brand signings, and brand openings during the year. It also provides our outlook for the sector for 2025.