Press Release 7 August 2017
And we thought 2016 was crazy! The first half of 2017 has given us an inaugurated President Trump, a snap General Election in the UK, multiple terrorist attacks in London and a 39-year old President of France. Just what does H2 have in store for us?
With London having been at the centre of so much uncertainty and the focus of various nefarious incidents, it would have been reasonable to assume that the capital’s hotel market had fallen to its knees by this juncture. Quite the opposite. Despite the best efforts of events along the Thames, the UK Government and Brexit, the hotels in this amazing, resilient city have never performed so strongly.
Trends in the rest of Europe are equally positive (aside from Zurich, where currency issues continue to deter international visitors), with across the board positive RevPAR growth. In the Middle East, loaded pipelines continue to suppress performance improvement, although Dubai did have a relatively strong H1 (RevPAR grew by +1.5%).
The transactions landscape has been busy, with a particularly large number of corporate deals taking place across the region, and Spain proving to be particularly liquid at the moment in terms of sales of existing assets (including a very warm welcome to Lionel Messi who joined the hotel owners club with his acquisition of MiM Sitges).
Contact
Philip Camble
Director
Phone: +44 (0) 20 7195 1482
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About WhiteBridge Hospitality
Whitebridge Hospitality is a
specialist advisor to investors, developers and operators in the hospitality industry around the globe. We provide investment, operational and planning advice, and guidance in respect of the entire hospitality spectrum, including: hotels, mixed-use developments, conference and exhibition centres, spas, leisure facilities, casinos, visitor attractions and sporting venues. Our uniquely qualified team can provide services throughout an asset’s life cycle, from site selection and acquisition, through master planning and feasibility studies, to operator selection, operational and asset strategy advice, to sale and agency services.