11 Apr CBRE provides hotel property stakeholders with interesting results and future outlook of the Hotel Sector in the UK
In 2017 the international Hotel Investment Forum was hosted in Berlin. The 20th anniversary of IHIF provided exciting news on how the industry has developed over the last two decades, with further analysis and evaluation of the future of the Hotel industry.
CBRE is the world’s leading commercial property and real estate services adviser. As a Founder Patron of IHIF, they provided valuable and unparalleled intentions survey to develop and assist hotel property stakeholders with their business planning at a time of widespread uncertainty.
The results of the survey conducted by CBRE are reflective of the intentions of the hotel investment community based on the anticipated impact of events not limited to Britain’s EU exit, Dutch, French and German elections and Donald Trump’s US Presidency.
The results of the survey are based on answers of 485 respondents, all of which are real estate investors with a keen interest in hotels. Interestingly the survey revealed a noteworthy outlook for the future of the hospitality industry. According to CBRE, the most attractive country for hotel investment in Europe in 2017 is the United Kingdom followed by Germany, Spain, France and Italy. Perhaps surprisingly the 17% of respondents considered the UK as the most popular target for 2017 hotel investment.
“2017 will see some complex opening maneuvers in the Brexit negotiations, not least because of the potential for some twists and turns in European politics too. Brexit will take time, but the wheels of the economy will still turn. There is no doubt that UK’s particularly strong economic fundamentals will further underpin investor confidence in purchasing UK Property.” – Miles Gibson, Head of UK Research.
The initial findings of the survey demonstrate a growing confidence in the UK following post-referendum slowdown in investment activity; although Britain’s journey out of the EU is still changeable and unclear