dayk balyozyan
Paris Hotel Market – A Rocky Start to the Year
Dayk Balyozyan | September 3, 2019
By Dayk Balyozyan & Sophie Perret Since our previous article in April 2018, the business environment in France has experienced positive change with a decrease in unemployment rate and an increase in purchasing power, following the ‘gilets jaunes’ disruption. The Economist Intelligence Unit forecasts modest GDP growth to pick up to around 1.5% for the foreseeable future. In terms of tourism, Paris enjoys an exceptionally well-balanced mix of business and leisure demand, which allows the City of Lights to have both a broad seasonality and strong average rate. Paris has remained, alongside London, one of the two most desirable destina...
Lisbon Hotel Market – Europe’s Miracle Baby Maturing
Dayk Balyozyan | February 19, 2019
By Dayk Balyozyan, Sophie Perret Lisbon is the capital of Portugal and one of the oldest cities in Europe in a region with approximately 3 million inhabitants. The city offers a variety of cultural, architectural and business-related attractions. The Estoril coast (west of Lisbon) – which includes Estoril, Cascais and the historic town of Sintra – is home to numerous leisure attractions. Lisbon hosted Expo 98 and the 2004 European Football Championship, which gave the country new international exposure. Portugal held the EU presidency in 2007, putting Lisbon on the map as a business and conference destination. With its pleas...
Paris – Spring in the Step: An HVS Market Pulse Overview
Dayk Balyozyan | May 17, 2018
By Dayk Balyozyan and Sophie Perret This market pulse provides an overview of the tourism and hotel market in Paris, France. It discusses recent tourism trends and the causes for optimism for 2018 as well as providing a summary of the extensive hotel pipeline. Click here to read the full report. ...
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. ...
An Overview of Hotel Management Contracts in Europe
Dayk Balyozyan | April 26, 2017
By Dayk Balyozyan , Sophie Perret , Chris Martin While hotel lease contracts have traditionally been very popular in Europe and continue to be preferred or required by many institutional investors, management contracts have become increasingly prevalent as many other investors have sought to share further in their hotel's trading profit and, at the same time, most major international hotel operators have become far less willing to offer leases. A hotel management contract is defined as an agreement between a management company (or an operator), and a property owner, whereby the operator assumes responsibility for managing the property b...
