Given the outlook of further interest rate increases and a slowing economy, the hotel investment market has to face various uncertainties at the beginning of 2023. In addition, the diverging price expectations of sellers and potential buyers continue to restrain investment activities. Nevertheless, the tailwind on the operator side is getting noticeably stronger given the quick recovery in the number of overnight stays and especially the performance key indicators. This improves the predictability of possible investments, allowing market activity to pick up considerably again by the middle of the year.
The Hotel Dashboard from BNP Paribas Real Estate provides an overview of the development of hotel investment and performance indicators in the various top markets in Germany.