EMEA Hotels Monitor - Issue 26
August 28, 2020.
Collating information from January-June 2020, the EMEA Hotels Monitor, produced by Whitebridge Hospitality, RLB and STR, looks at trend analysis within the European hotel sector especially in light of performance, costs and transactions. In this issue, RLB has also produced a feature looking at the cost drivers of international brand standards when delivering projects around the world.
Not surprisingly this issue covering the last six months reflects the devastating impact that the COVID-19 pandemic has had on the sector with every single market recording negative RevPAR performance. However, the good news is that in terms of development costs, tender pricing has remained relatively stable with lower productivity countering lower prices from reduced activity and a good number of deals and ‘resort’ transactions, especially in Greece, Italy and Portugal having taken place. However, the report does reflect we are not out of crisis planning and into recovery phase just yet – with receivership scenarios beginning to be seen, especially in the UK.
For all insights resulting from the monitor, read the full report.
With a network that covers the globe and a heritage spanning over two centuries, Rider Levett Bucknall is a leading independent organisation in cost management and quantity surveying, project management and advisory services.
Our achievements are renowned: from the early days of pioneering quantity surveying, to landmark projects such as the Sydney Opera House, HSBC Headquarters Building in Hong Kong, the 2012 London Olympic Games and CityCenter in Las Vegas.
We continue this successful legacy with our dedication to the value, quality and sustainability of the built environment. Our innovative thinking, global reach, and flawless execution push the boundaries. Taking ambitious projects from an idea to reality.