PwC European Cities Hotel Forecast: 2011 & 2012

 

Europe has the biggest hotel and travel market in the world, but its cities and its hotel markets are undergoing change. Countries and cities alike are being buffeted by new economic, social, technological, environmental and political currents.

 

In this report we look forward to 2012 and ask which European cities’ hotel sectors are best placed to take advantage of the changing economic order. Are these the cities of the so called ‘old’ Europe or the cities of the fast growing ‘emerging’ economies such as Istanbul and Moscow? What will be driving the growth? What obstacles do they face? And will the glut of new hotel rooms built in the boom years prove difficult to digest?