Covid-19: Savills UK & European hotel insights Vol 5 (as of 4th May 2020)
"Drawing on China’s hotel market recovery it’s expected that it will be domestic leisure demand that will be the first to recover across Europe…"
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"Drawing on China’s hotel market recovery it’s expected that it will be domestic leisure demand that will be the first to recover across Europe…"
"Whilst it may not currently be business as usual, hotel owners and operators should prepare themselves for a return to business. "
"Prime pricing stable for now"
"Savills Research continue to mark out the likely impact of Covid-19 on European occupational and investment markets"
"No major changes in the current status of the European hotel market as many countries remain in lockdown, but we are starting to see some countries relax restrictions albeit this is yet to include hotels"
"In less than a month, the property market disruption caused by the Covid-19 pandemic has reached almost every corner of the globe."
"Global transaction volumes falling, but occupier terms favourable"
"The situation for the European hotel market remains highly fluid with downside risk, particularly as the big unknown in terms of how long the situation will last remains"
"The EU is focusing much of its economic aid on containing unemployment and the destruction of industry."