hvs london
High Cost of Borrowing Contributes to 19% Fall in European Hotel Transactions in 2023, Says HVS Report
HVS | April 3, 2024
03 April 2024, London: High inflation and interest rate rises had a major impact on the European hotel investment market last year, slowing transaction activity and taking volumes 19% lower than in 2022, the second lowest level of investment in the past decade, according to the HVS European Hotel Transaction Report from global hotel consultancy HVS London and its hotel brokerage arm HVS Hodges Ward Elliott. Transaction volume across Europe reached €10.7bn, with 388 hotels* changing hands – and an average price per hotel that was 9% lower than in the previous year, although significantly ahead of the transaction volume in the year...
Hospitality’s Recruitment Issues Need Short- and Long-Term Solutions and a Flexible Approach, Hears Industry Webinar
HVS | May 18, 2022
18 May 2022, London: Improving the hospitality industry’s recruitment issue is a multi-faceted challenge with no quick fix but the need for short-term as well as long-term measures, attendees of an industry webinar heard yesterday [17th May 2022]. Introducing the 16th industry webinar organised by global hotel consultancy HVS, legal expert Bird & Bird, publishing group EP Business in Hospitality and restructuring advisory firm AlixPartners, Bird & Bird partner Karen Friebe said that finding staff was the most pressing challenge facing the industry today. A straw poll of webinar attendees revealed that 52% had over 10% fewe...
7 Changes the UK’s Hotel Sector Can’t Afford to Ignore
HVS | January 13, 2022
The pandemic, Brexit and ongoing supply issues have prompted key changes in the UK’s hotel sector, many of which are long-term, if not permanent. ‘The past 18 months has been an unprecedented time for hotels. In order to survive, businesses must embrace change across their entire operation and do so quickly,’ says HVS London chairman Russell Kett, who outlines seven changes that businesses can’t afford to ignore as we move into 2022. 1. Reliance on technology: The use of smart rooms, digital reception, keyless rooms entry, smart payment, smart check-in/-out – with some hotels eliminating the need for a front-of-h...
Paris Hotels Will Experience Short-Term Pain but a Strong Recovery to Follow, Says HVS London
HVS | May 14, 2020
14 May 2020, London: Once the Paris hotel sector overcomes the initial period of recovery, the longer term, post-Covid future looks promising with the Olympic Games in 2024 expected to provide a much-needed boost to tourism. Looking at recovery in Paris’s hotel sector, global consultancy HVS says that the Games are likely to benefit the rebound of tourism, with the €2bn investment plan to revitalise Disneyland Paris expected to go ahead, albeit with possible delays because of the pandemic. Paris is currently undergoing a phased easing of the strict coronavirus lockdown measures imposed on 17 March, with hotels – as well as resta...
Sporting Fixtures Bring 6% Boost to London’s Hotels While the Provinces Feel the Squeeze
HVS | July 29, 2019
RevPAR in London’s hotels rose 6% in Q2 2019 on the back of visitors travelling to the capital to watch the ICC Cricket World Cup and the Major League Baseball, according to the latest UK Hotel Market Tracker: Q2 2019, produced by HVS London, AlixPartners and STR. On the back of both major sporting fixtures, London’s hotels saw average rates rise 5.6% to £157 year-on-year, with occupancy up 0.6% to 84%. It was a different story in the regions, however, despite a number of the cricket fixtures being held in Birmingham, Manchester and Southampton. Outside the capital, RevPAR was down by 0.9% for the quarter, average rate fell 0.6% to...
UK’s Provincial Hotels See First RevPAR Decline in Seven Years, Reveals Hotel Market Tracker
HVS | May 3, 2019
03 May 2019, London: RevPAR in the UK's regional hotels dropped 2.8% in Q1 2019, according to the latest UK Hotel Market Tracker: Q1 2019, produced by HVS London, AlixPartners and STR. This was in marked contrast to the fortunes of London's hotels, which saw like-for-like RevPAR up 3.6% against the previous year while occupancy reached 77%, up 1.7%, and average room rates rose 1.9% to £134.05. Strong performance in the last two quarters lifted the last 12 months' RevPAR 4.1%, despite a relatively subdued six months trading. In the regions hotel occupancy dropped 0.7% to 68% in Q1, with average room rate down 2.1% to £64.95 a...
Supply Increase Impacts Occupancy in UK’s Provincial Hotels, Says Hotel Market Tracker
HVS | January 30, 2019
30 January 2019, London: The fortunes of London's hotels compared with those in the provinces widened in Q4 2018 as occupancy in London rose by 5% year-on-year compared with a more modest 1% increase in hotels outside the capital. According to the latest UK Hotel Market Tracker: Q4 2018, produced by HVS London, AlixPartners and STR, average room rates in Q4 also rose by 5% in London's hotels, to £157.20*, boosting RevPAR [rooms revenue per available room] by an impressive 10%. RevPAR growth was 3% for the full year. Conversely in Q4 hotels in the provinces failed to see any growth in average room rates, causing RevPAR to plateau. ...
Renewed Hope for Israel’s Hotels as Investor Interest Shows Growth, says HVS Report
HVS | July 13, 2016
13 July 2016, London: Israel's hotel pipeline remains strong and, buoyed by new laws facilitating hotel developments, investor interest is expected to grow further in the country, according to a new report from global hotel consultancy HVS. While the impact of continuing terrorist activity has resulted in fewer visitors travelling to Israel, those cities with strong corporate-driven business, such as Tel Aviv, have proven to be more resilient than mainly leisure-driven markets such as Jerusalem and the Dead Sea area, the report highlights. "Over the past year, the country saw a 25% drop in the number of Russian visitors, while Italian v...
