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Real Estate Insights Podcast: Europe’s Hotel sector: Challenged, but robust foundations
"Savills hotel market experts discuss the future of the industry across Europe."
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"Savills hotel market experts discuss the future of the industry across Europe."
"Domestic leisure-led locations are experiencing the immediate recovery in performance while larger urban centres continue to be hindered by an absence in corporate and international demand"
"Despite immediate headwinds facing hotels, the underlying fundamentals of the sector continue to support longer-term investment opportunities"
"Savills speaks to industry experts and hoteliers in Singapore, Chicago, New York and Sydney to work out just how much Covid-19 has affected business over the past few months."
"Many hotel owners and operators are currently in an unfortunate period of rebuilding their businesses and have been asking us which segment of hotels will recover the quickest; midscale or luxury?"
"The COVID-19 outbreak has become a significant disruptor to the world’s economy, with tourism standing out as one of the most negatively impacted industries."
"Google mobility data demonstrates pronounced improvements in travel across leisure-led locations, translating into strong occupancy and ADR performance"
"Together with the steady growth in the number of international visitorarrivals over the last decade, domestic demand in Indonesia historically has always been strong."
"Green shoots stemming from the phased reopening of economies, plentiful policy support and slowly improving data is beginning to be seen across the European Hotels market"