hvs european hotel valuation index
Hotel Values Rise in Eastern Europe While Those in the West Face Tougher Times, Says Hotel Valuation Index
HVS | March 6, 2017
6 March 2017, London: Hotels in Eastern Europe are benefitting from tough times in Western Europe with room values in the region seeing an impressive 11% average growth, according to the 2017 European Hotel Valuation Index (HVI) published this week by global hotel consultancy HVS. In a year that saw little change in values across the rest of Europe hotels in Bratislava topped the list of value rises, up 18.9% year-on-year, while hotel room values in Sofia rose 16%. Bucharest saw hotel room values up 14.6%, while those in both Budapest and Prague were up 9.9%. While many Eastern European markets saw their hotel room values rise from a re...
Budapest’s Hotel Sector Becomes One of the Fastest Growing in Eastern Europe, Says HVS Report
HVS | January 18, 2016
18 January 2016, London: A rise in the number of people visiting the Hungarian capital of Budapest has helped the city's hotel sector become one of the fastest growing in Eastern Europe, according to a new report by global hotel consultancy HVS London. Hotels in Budapest recorded strong growth in 2014 with room occupancy up 5% and average rates up 8% in local currency, helped by a 13.5% hike in arrivals over the past three years. Performance figures for 2015 look set to be even stronger, with some hotels reporting a 30% average rate growth, with occupancy up 10-15 percentage points in the year-to-October 2015. "With continual increases ...
