RESTRAINED HALF-YEAR ON THE HOTEL MARKET
Despite the fact that travel restrictions have already been lifted in many areas, the German hotel investment market is only slowly getting off the ground. At around €770 million, the volume for the first half of the year is around 30% below the previous year's figure and almost 47% below the 10-year average. This means that the market is roughly at the same level as in 2013, not least because no portfolio transactions have been registered so far. Looking at the second quarter in isolation, €330 million were invested, around a quarter less than in the first quarter. In particular, the changed interest rate environment, the economic development and the general uncertainty due to the Ukraine war are slowing down the recovery of the hotel investment market. The positive development of the overnight stays and performance figures, especially from the month of May, should lead to a revival of the investment market.
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