Hospitality Directions Europe: Issue 21
UK hotels update - July 2010
Two-track recovery continues: provinces may need a jump start
In this update of our previous UK hotels forecast, published in March, we take a look at whether the recovery is still on track or likely to be de-railed; the first-half reality for the UK hotel sector and the prognosis for demand in the second half of the year. This update also summarises the latest UK economic data and re-visits what the scale of the new public sector cuts mean for hotels - there’s a lot to lose with public sector travel procurement estimated to be worth around £3bn.
Download UK hotels update: Two-track recovery continues; provinces may need a jump start - 90KB PDF
March 2010
This edition contains our latest forecast for 2010 for UK hotels and our first look at what might be in store for 2011. We also address the critical issue of debt restructuring and provide the key highlights for the European hotel sector from PricewaterhouseCoopers and the Urban Land Institute's Emerging Trends in Real Estate Europe 2010.
UK hotels forecast 2010 and 2011: On the comeback trail
2009 was one of the toughest years yet for the hotels sector with a RevPAR decline of almost 10%, but green shoots are emerging. Our latest UK hotels forecast 2010-2011: On the comeback trail predicts growth of over 3% this year and nearly 5% in 2011, with London storming ahead of the Provinces.
No chance of a fire sale: Debt restructuring prospects for UK hotels
The number of distressed assets coming on to the market is expected to increase in 2010, as lenders increasingly focus on clearing their balance sheets, and a widespread fire sale now seems unlikely. This article examines recent and expected trends in key credit markets, hotel values, lenders reactions to covenant breaches, refinancing issues, the debt market outlook and what all this means, for new and prospective, as well as existing borrowers.
European hotel real estate: A long slow haul back
Europe's real estate industry is cautiously picking itself up and surveying the road ahead. However, in this year's Emerging Trends in Real Estate Europe survey hotels dropped from second place last year to twelfth place in 2010, to sit firmly at the bottom of the table. This article highlights the key issues.
