BBJ - Budapest Business Journal’s Post

The Greek hotel market is undergoing a transformation, as it shifts from a family-owned, package-led business into a more dynamic market similar to other European hotel markets along the Mediterranean. That transformation is seeing a new breed of professional investors looking to update and expand the country’s hotel offering, at the same time encouraging more international brands to grow their portfolios by entering Greece. #Greece #expansion #Hilton #Accor #Marriott #hospitalityindustry #hotelindustry #hotelprojects #hoteldevelopment #hotelnews

HOTEL MARKET UPDATE AUG/24: 🏨 Slightly negative development of occupancy rate and ADR in Sweden in June compared to the same month in 2023, with a significant decline in Gothenburg. The hotel market statistics for Sweden in June 2024 demonstrate mixed developments across several key metrics. Notably, RevPAR in June decreased by 5.8 percent compared to the same month last year. However, the hotel market in the other Nordic countries experienced a development with positive trends in most key metrics in June 2024 compared to the previous year. 👉 Please read the full report here: https://buff.ly/3YLKwVi #annordia #hotels #markettrends

A report from Lighthouse takes a deep dive into the surging hotel rates at each spot for Taylor Swift's Eras Tour (which is heading to Europe in May) and explains why some markets have triple-digital increases while others don’t. #hotelinvestmenttoday #hotel #hospitalitynews #hotelnews #hospitalityindustry #hospitality #taylorswift #erastour

HOTEL MARKET UPDATE JUNE/24: Positive key figures on a national level with increased demand for hotel rooms in the majority of Sweden's 25 largest hotel municipalities. The hotel market statistics for Sweden in April 2024 demonstrate mixed developments across several key metrics. Notably, the number of rooms sold increased by 2.1 percent in April compared to last year. In 19 out of the 25 largest hotel municipalities in Sweden, there was a higher occupancy rate compared to the same month last year, with Östersund experiencing the biggest increase by 20.6 percent. Please read the full report here: https://buff.ly/45nK3Kq #annordia #hotels #markettrends

Experts of Cushman & Wakefield expect transactional activity on the Polish hotel market to pick up in 2024 ► https://lnkd.in/dekJJswC Maciej Prończuk, Maciej Prończuk #hotel #hoteltrends #commercialrealestate #propertyinvestment #realestateinvesting #realestatetrends

Lifestyle hotels are making up a bigger part of the development pipeline. But what’s a “lifestyle” hotel? It’s a property run by a major chain that evokes a boutique feel. It may have eye-catching décor, such as local artwork. It almost always includes a cocktail bar or café. According to STR, lifestyle hotels' average daily rates have achieved a $33.60 premium over non-lifestyle hotel average daily rates, and are expected to make up 23% of the hotel development pipeline worldwide by 2025. 

Minor Hotels Expands into Singapore with Avani Hotels and Resorts & Resorts!🌏🏨 Set to open in Q1 2027, this 13-story upscale hotel marks the group’s first venture into the Singaporean market. Dillip Rajakarier shared “Avani Singapore represents a strategic market entry for Minor Hotels." 👉 Read the full article here: https://lnkd.in/g_UKyx96 Authors: Nithyakala Neelakandan Nishang Narayan 📢 Follow Hospitalitynews India on LinkedIn for more updates on the latest trends and developments in the hospitality industry! #MinorHotels #AvaniHotels #Singapore #HospitalityIndustry #LuxuryHotels #HospitalityNews

Italian hotel landscape on brink of branded, third-party management eruption Italy is a country of family hotel owners and operators, but change is in the air as domestic and international hotel brands gain more footing. As that evolution takes place, third-party management companies are growing in importance … @Hotel_News_Now str_data https://lnkd.in/eNj-JGDm

In 1Q24, all Macau hotels received 3,779,000 guests, up 39.7 percent from last year, and 8.4 percent over the same month in 2019. The average length of stay for guests remained stable year-on-year at 1.7 nights, which represented an increase of 0.2 nights compared to the first quarter of 2019.

A sunny outlook for the hotel sector; CBRE expects revenue per available room (RevPAR) growth to improve in the second half of 2024 for both hotel performance and investment for the rest of 2024. Read on. #hospitality #hospitalitymarket #hotels