In January, we hosted our 20th New Year Hotel Investment Summit in London and many thanks to those who attended and helped us celebrate 20 years of data and fun. The full time score for our London Luxury Hotel piece in the last EMEA Monitor was further RevPAR growth across 2024, despite all the new supply. Well done everyone and long may it continue and London continue to evolve and consolidate its position as one of the world’s most popular destinations for international travelers. Viva the third runway?
All London saw growth in RevPAR too (despite a slight drop in ADR) and in GOPPAR (+5.2%), but was certainly outshone by Cairo in ADR (+46%), Doha in occupancy (+18%) and Istanbul in RevPAR (+38%). The prize for highest growth in GOPPAR fell to Cairo (+46%), despite a lower level of occupancy. A weak EGP may have helped.
Although there may be some light at the end of what may seem like a long construction cost inflationary tunnel, today’s geopolitical environment is deemed more risky and thus weighing on contemporary construction prices. The total value of deals across EMEA was the highest since C19, with a big proportion being driven by large portfolio deals and those busy bods in Private Equity. Sovereign Wealth was notably quiet and a huge number of deals (but low value) were transacted for small regional operations (especially in Regional UK).
The full time score for our London Luxury Hotel piece in the last EMEA Monitor was further RevPAR growth across 2024. In this Trumpian Year, we are very grateful to our friendly valuers for their considered contributions in respect of what is likely to be a surprise filled 12 months and we are pleased to present our 11th consecutive annual Consensus Yield Matrix as our back page feature.
Philip Camble – Director, Whitebridge Hospitality – Editor, EMEA Hotels Monitor
