Hotel values across Europe gained a further 3% in 2019, on the back of similar RevPAR growth on average for all markets in our latest European Hotel Valuation Index.
Real estate has unprecedented momentum and in 2020 several sectors will near top speed.
A strong final quarter drives hotel investment to 13.9% growth in 2019 – The UK remains the largest hotel investment market in the region
According to the recent Lodging Econometrics (LE) Latin America construction pipeline report, analysts at LE state that the total construction pipeline stands at 711 projects/128,453 rooms, a 2% decline in projects and 3% increase in rooms, year-over-year (YOY).
The Central/South America region reported 20,198 hotel rooms in construction in January, which is a 6.1% year-over-year increase.
In January, the Caribbean/Mexico region reported 31,787 hotel rooms in construction, which is a 26.9% year-over-year increase.
In January, the Asia/Pacific region showed 441,819 hotel rooms in construction, which amounted to a 14.1% year-over-year increase, according to STR's pipeline data.
Europe reported a 29.4% year-over-year increase in the number of rooms in the final phase of the development pipeline during the month.
The Middle East hotel industry reported a 7.7% year-over-year decrease in the number of rooms in the final phase of the development pipeline. Africa's room construction total was down 0.7% year over year.
JLLs latest Global Market Perspective shows that investment and occupier markets are moving at different speeds