Shaffer Patrick
Can Hotel ADRs Overcome High Inflation?
Shaffer Patrick | November 28, 2022
By Shaffer Patrick, Sophie Perret Many global economies are going through a period of high inflation, brought on by macroeconomic factors such as government stimulus and global supply shocks. We have asked the questions: can rising costs be passed along to the consumer and what does the current inflation environment say about hotel pricing over the next few years? We have used London as a case study to understand the relationship between inflation and hotel ADRs (average daily rates). We analysed trends over the long term (1973-2022) as well as over specific periods of economic prosperity and strife to draw conclusions about what the...
2020 European Hotel Transactions
Shaffer Patrick | April 12, 2021
By Shaffer Patrick Total European hotel transaction volume reached €8.5 billion[1] in 2020, representing a fall of 69% on 2019 (see Chart 1), which was the previous market peak at €27.1 billion. Even so, 2020 figures remain significantly ahead of those seen in the Global Financial Crisis, with 2009 seeing only €3.1 billion in transaction volume. Highlights 48% of the total 2020 transaction volume occurred in the first three months of the year, primarily representing transactions that were agreed pre-pandemic; Single assets accounted for €5.5 billion or 65% of the 2020 total, decreasing 54% from 2019, though significantly ...
Europe Sees Hotel Transactions Reach Record High Reveals HVS Report
HVS | March 3, 2020
03 March 2020, London: Total European hotel transaction volume reached the highest annual level ever recorded last year – with €27.1 billion-worth of deals being struck, according to the annual European Hotel Transactions report published this week by HVS and its brokerage and investment services division HVS Hodges Ward Elliott. The largest amount of capital was poured into the UK with some €5.3 billion (£4.4 billion) - 23% of total volumes, a 15% decrease on the previous year. German destinations booked the second most investment volumes at just over €4 billion (18% of total volumes), up 6% on 2018 levels. In terms of room co...
