arlett hoff
Serviced Apartment Operators Prove More Resilient in Pandemic, Says HVS Report
HVS | November 10, 2020
10 November 2020, London: Trading across Europe’s serviced apartments has proved more resilient during the pandemic than other parts of hospitality despite an obvious decline in performance, according to a new report on the sector published today by global hotel consultancy HVS. A survey of leading operators, investors and lenders conducted for the annual report reveals that the majority of operators have seen top line performance decline by 25-50% this year, compared with 2019, while a third of operators report declines of up to 75%. These figures suggest those operations are still largely profitable, albeit with reduced margins, wi...
Is the German Hotel Market Poised to Be One of the Fastest in Europe to Recover From COVID-19?
Arlett Hoff | April 23, 2020
By Arlett S. Hoff A Short Outline of the Pandemic Response in Germany The 2019-20 coronavirus pandemic was confirmed to have reached Germany on 27 January 2020, when the first COVID-19 case brought in by a Chinese visitor at Webasto was confirmed and contained near Munich, Bavaria. The majority of cases in January and early February originated from the headquarters of a car parts manufacturer there. On 25 and 26 February, multiple cases related to the Italian outbreak were detected in Baden-Württemberg. A large cluster linked to a Carnival event was formed in Heinsberg, North Rhine-Westphalia, with the first death reported on 9 March 2020....
Budapest – On The Up
Magali Castells | September 18, 2018
By Magali Castells, Arlett S Hoff Budapest is the capital of Hungary and the ninth-largest city in the EU, with close to 1.7 million inhabitants in 2018. Budapest traditionally had a strong industrial focus, but has since shifted to the service industries including banking, finance and real estate. The city is also a cultural and historic centre, with several renowned monuments including UNESCO World Heritage sites such as the Buda Castle district and the banks of the Danube. The city is also filled with various museums, parks, squares and a variety of restaurants and bars, making it the perfect weekend destination. ECONOMIC INDICATORS...
European Serviced Apartments Boom as Operators Head Towards New Markets, Says HVS Survey
HVS | July 10, 2018
10 July 2018, London: The European serviced apartment sector has boomed in the past year, with approaching 20,000 units planned for the next five years and some operators within the region interested in expanding into new markets such as Eastern Europe and even the US. According to a survey of leading serviced apartment operators undertaken by global hotel consultancy HVS, the sector saw impressive growth in 2017 with increases in RevPAR (rooms revenue per available room) in London, the UK regions and across the rest of Europe. While operators say their biggest challenge is competing against hotels for central sites, growing demand for ...
Berlin – In Search of ADR Growth – an HVS Market Pulse Overview
Dayk Balyozyan | March 22, 2018
This market pulse provides an overview of the tourism and hotel market in Berlin, Germany. It discusses recent tourism trends, challenges encountered in pushing average rate and provides a summary of the extensive hotel pipeline. Click here to view. ...
