german hotel market
Investable Hotel Market in Germany Hit All-Time High in 2019 – Consolidation Expected
July 9, 2020
The investable hotel market in Germany has grown to EUR 61.1 billion over the last 12 years. Even during the financial crisis of 2008/2009 the market expanded slightly overall. The latest calculations by Union Investment and bulwiengesa show that the investable hotel market in Germany increased in value by around 6.3 per cent compared to 2018 (EUR 57.5 billion). As in previous years, growth in 2019 (prior year: +9.5 per cent) was due to sustained strong new-build activity in the hotel sector (= quantity effect) and increasing asset values (= performance effect), reflecting the excellent tourism and property market environment in Germany in 20...
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....
