Global transaction volume increased 131% year-over-year, totaling $66.8 billion in 2021, 2. Short-term rentals represented 10% of the overall industry in 2008, 12% in 2017, and, due to its above-market growth rate, we expect it to reach the 17% mark in 2021. The Parisian hotel market has undergone a major shift upmarket over the last ten years, as the proportion of upscale and luxury hotels increased and that of non-classified and budget hotels remained flat or even decreased. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees. The Latin America, Middle East and Africa Organic Dinnerware Market would witness market growth of 7.5% CAGR during the forecast period (2022-2028). I would definitely recommend ReportLinker for in-depth industry information. The Europe Luxury Hotel Market is growing at a CAGR of >6% over the next 5 years. We buy reports often - can ReportLinker get me any benefits? Behind Hungary and France, the United Kingdom shows -18.1% and Poland -24.6% drop in activity, while Germany, which was one of the most resilient countries in the midst of the health crisis, is now among the last European countries in our barometer, having recorded a much steeper monthly decline (-60.3%). Mathilde De Bona is an analyst with the HVS London office. Jin Jiang, the Chinese owner of Louvre and Radisson, comes in at number two in Europe with fractionally over 200,000 rooms, just under 17% of the total of the top 10. Physical use of spaces to evolve with growing trend of hotelization of commercial real estate and blurring of sectors. May 2022, Hotels in France - Industry Market Research Report In 2021, Belterra Investment acquired the integrated 990-room Porto Carras Grand Resort on the Halkidiki central peninsula for over EUR 200 million. We are always looking to hire talented individuals with equal and extraordinary proportions of industry Furthermore, the hosting of the Rugby World Cup in 2023 and of the Olympic Games in 2024 is expected to crystalise the recovery of international tourism to pre-pandemic levels. ", We use cookies for a better user experience. Purchase via the website or email us. At year-end 2021, the proportion of RevPAR recovered relative to 2019 by region ranged from 50% to 79%, with the Americas leading the way. It discusses recent tourism trends and the strength of recovery following the COVID-19 pandemic as well as providing a summary of the extensive hotel pipeline. May 2022, Global Overview of the Hotel and Restaurant Industry However, you can contact us to escalate this. Copyright2022 Jones Lang LaSalle IP, Inc. 2022 Global Hotel Investment Outlook | JLL Research. This market pulse provides an overview of the tourism and hotel market in Paris, France. $ 1325 A recovery initially driven by domestic and European leisure customers is being further supported by the slow but continued return of face-to-face events, which are expected to gain momentum from mid-2022. Rising disposable income, popularizing weekend culture, the introduction of low-cost airline services, and the booming service sector are expected to drive the market. However, compared to other gateway markets, Paris experienced a strong rebound in demand from June 2021, supported by the well-balanced customer mix, the diversified demand sources and the broad seasonality of the market. The Paris market has remained amongst the core hotel investment destinations across Europe, with prices being pushed to record levels despite performance being impacted by a series of challenging events since 2015/16. Every German hotel market has grown more than three percent per annum, some even stronger. By continuing to use this site you consent to the use of cookies on your device as described in our Cookie Policy unless you have disabled them. We will then delete it safely and securely. You can change your Cookie Settings at any time but parts of our site will not function correctly without them. topics $ 1990 We take our responsibility to protect the personal information provided to us seriously. categories This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). As with the rest of the world, tourism demand dropped significantly from March 2020 following the outbreak of the COVID-19 pandemic. customized per your requirements. Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We are very sorry, but an error occurred. March 2022, Hotels in Europe - Industry Market Research Report May 2022, Motels in China - Industry Market Research Report Additionally, the industry will have to navigate operational hurdles brought on by labor shortages, rising inflation, supply chain issues and the impact on service levels given the difficulties operating in such an environment. No. The only other groups with a double-digit share of the top 10 rooms are Marriott, at 127,499 rooms, just ahead of IHGs 125,004 rooms. Europe Luxury Hotel Market- Growth, Trends, Covid-19 Impact and Forecast(2022 - Financial Services and Investment Intelligence, In 2020, Many Acquisitions and investments in Luxury hotels took place. The easing of travel restrictions and successful vaccination rollout in France and across Europe have allowed a rise in tourist numbers from June 2021, resulting in a substantial market bounce in the second half of the year, in line with the countrys economic growth. In fact, European countries are consistently among the top tourist destinations of the world; they draw visitors from within Europe as well as from other continents mainly from North America followed by country China. In particular, the United Kingdom recorded an increase in its average hotel prices in February of 1.9% relative to February 2019, and France of +1.0%. This report covers businesses operating in the accommodation sector within all 44 countries in Europe, Europe accommodation sector market size estimates, 20082022E, Europe hotels key performance indicators, 20082019, Europe short-term rentals key performance indicators, 20082019, Europe hotels market shares of 28 key countries, 2019, Europe hotels key performance indicators for 28 key countries, 2019, Breakdown of Europe total accommodation by business size, including number of companies, properties, rooms, employees, and revenue, High resolution PDFs of new reports as they're released. Report. At the same time, asset liquidity has been undermined by lenders reluctance to finance hospitality. 5 rue de Dantzig , The organic dinnerware market is expected to increase Hotel Rooms in the US - Procurement Research Report Insights on the events that matter to decision-makers in the hospitality investment space. That said, performance was uneven with markets heavily dependent on business and group demand more slowly progressing towards a fullrecovery than markets reliant on leisure demand. I have had negative experiences with market research reports before. Can you help me? 75015 Paris, Receive a personalized newsletter according to your interests. Transform how you acquire, manage, operate, and experience space with technology, Bringing projects to lifereducing costs, improving outcomes. COVID-19 affected the tourism sector, which is suffering loses of around EUR 1 billion per month in the EU alone. Identify yourself. New hotel openings include the first SO/ brand hotel (Accor) in July 2022 as part of the Morland Mixite Capital mixed-used development and the 139-room Tours Duo MGallery (Accor) on floors 17-27 of a new-build tower in Pariss 13th arrondissement, expected to open in Spring 2022. The main uncertainty lies in the ability of the industry to absorb the cost explosion resulting from the pandemic, the subsequent wage negotiation and the war in Ukraine. Email us for the discount. The top four companies have more than two-thirds of the total number of rooms in the top 10. This content is not available in your language. Contact us - Real Estate Industry Services | JLL. The report is written by Macy Marvel, a Hotel Analyst Associate and a former professor at the Ecole hoteliere de Lausanne. Before joining HVS, Mathilde gained hotel investment and asset management experience in Paris, France. The increasing purchasing power and standard of living are some of the key constituents responsible for attracting customers toward luxury resorts. For more information, contact: mdebona@hvs.com. By 2022, the number of establishments are expected to reach 204,925 with a CAGR of 1.64%. For more information about how JLL processes your personal data, please view ourprivacy statement. Increasing vaccination rates, tremendous amounts of government economic stimulus, coupled with lockdown fatigue elevated lodging demand to unexpected heights, helping accelerate the industrys recovery. Sophie Perret is a senior director at the HVS London office. However, not all have been able to raise prices at or beyond inflationary levels, so they have remained relatively stable. Nanakramguda Rd, Financial District, Gachibowli. In 2022, the make-up of demand and the progression of the recovery will continue to be top of mind for hotel owners, operators, and investors. I like what you've provided and will certainly come back if I need to do further research works. All companies based in France must pay a 20% tax per report. Europe Hotels Market Analytics to 2022: Rooms and Revenue AnalyticsSummaryEurope Hotels Market Analytics to 2022: Rooms and Revenue Analytics is a broad level market review of Hotels Market in Europe covering 5 Countries France, Germany, Italy, Spain and United Kingdom.Hotels (establishments that provide paid lodging and full guest services, typically with a continuous staff presence) market have seen moderate change in the recent years and is also expected to evolve in similar fashion in the near future.In Europe hotel market, the total number of establishments increased at a CAGR of 0.67% during the period 2013-2017 accounting for 188,898 establishments in 2017. It builds upon our earlier, market estimates by crossing the pond to Europe. Luxury hotels typically accommodate high paying guests and the services and dining are expected to be of high quality. The world-renowned cities of Europe attract large numbers of tourists as well. policy. Reportlinker.com Copyright 2022. Very responsive and fast. The content on this site will not work properly as a result.Upgrade your browser for a faster, better, and safer web experience. The fastest growing segment within that market has been short-term rental accommodations. The business hotel segment is leading and is expected to dominate the market. The companies are also promoting, differentiating and selling limited editions to increase their visibility and brand awareness in the market. Countries benefited from the decline in the health crisis and the omicron variant compared to January, although it was still very much present. 2022. The sector grew 14.5% to 149 billion in sales in 2021 and we expect it to grow another 15.6% to reach 172 billion in 2022, still 28% less than 2019 revenues. Already registered? April 2022, Hotels in Spain - Industry Market Research Report This report covers businesses operating in the accommodation sector within all 44 countries in Europe. Skift Research estimates that the accommodation sector in Europe generated revenues of 238 billion in 2019. "Sorry! ReportLinker may already be registered as a supplier with your company. Hospitality Trends has a very loyal audience and many companies take advantage of our ability to fine tune information about your organization for them. The customer service was fast, responsive, and 100% professional in all my dealings () If we have more research needs, I'll certainly prioritize working with ReportLinker! Henderson Park and Hines joined hands to acquire a resort portfolio, comprising five seafront hotels across the popular Greek island of Crete. Thank you for your Purchase. It builds upon our earlier U.S.accommodation sector market estimates by crossing the pond to Europe. Among the high-profile openings in 2021 were the 149-room Kimpton St Honor Paris (August), the 72-room Cheval Blanc Paris (September), the 82-room Madame Rve (October), the 76-room Bulgari Paris (November), and the first Soho House in France, offering 36 rooms and opened in September. Also, in terms of tourism, around 75 - 80 percent is domestic tourism so its very stable and affordable. recovery than markets reliant on leisure demand. May 2022, Spain Hotel Market, Share, Forecast 2022-2027, Industry Trends, Size, Growth, Outlooks, Impact of COVID-19, Company Analysis If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. The report study has analysed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and its analysis.