HVS International Forecasts 2006 With Continued Activity
After assessing the performance of the Madrid hotel market, this article focuses on the Barcelona market.
When Will The Bubble Burst?
The signs in late 2004 that investor confidence in the hotel sector was high proved correct, with 2005 witnessing an upturn in trading and a colossal amount of investment capital across the majority of European markets.
The European Hotel Valuation Index (HVI) shows that hotel values (expressed in euro) achieved a second consecutive year of growth. On average, values across Europe increased by 5% in 2005, compared with an increase of 3% in 2004.
Steve Rushmore's February 2006 Hotels monthly.
The Boston lodging market outlook remains positive, with some uncertainty associated with new 4 star inventory and a sluggish commercial segment. However, the city is fundamentally sound and is expected to remain attractive for hotel investment.
Between 2006 and 2008 approximately 1,400 new three-star to five-star hotel rooms will enter the market in the Latvian capital Riga. Can Riga sustain its current marketwide occupancy with extensive new hotel supply entering the market?
Low Cap Rates Drive Gains in Hotel Values
Forecasting gaming revenue for the Macau SAR over the next five to seven years will be particularly challenging primarily due to the current extraordinarily high win per unit per day (WPUPD) and the unprecedented anticipated growth in supply.