2017 Record Year for European Hotel Investment
Investment Into European Hotels Reached EUR 21.6 Billion In 2017
This market pulse provides an overview of the tourism and hotel market in Berlin, Germany. It discusses recent tourism trends, challenges encountered in pushing average rate and provides a summary of the extensive hotel pipeline.
2017 was a spectacular year. The headwinds from geopolitical uncertainty and instability proved surmountable, and hotel values across Europe grew by 3.9%. Read the article in full for an in-depth look at average hotel values across Europe.
Meetingsbooker.com has reviewed their data to compile a detailed report outlining the key trends surrounding the discovery and online booking of meeting venues. The report entitled 'Online meeting bookings report the numbers you need to know' underlines the rapid digitalisation of this multi-billion industry, from an offline transaction to a fast online solution.
When it comes to managing inventory, hotels have the daily challenge of selling as many hotel rooms as possible, at the most profitable rate, before the clock strikes midnight. Unsold nights are permanently lost revenue opportunities. This is why it is critical for Hotels to have an inventory management strategy that maximizes occupancy and revenue.