Western Europe | Hotels

Property Report H2 2012

2012: reserved growth with strong fundamentals - February 2013

At € 6 billion invested during 2012, the hotel investment volume in France, Germany, Italy, Spain and the United Kingdom suffered a 5% drop compared to the previous year.

The hotel investment market remains strong in the core markets in Western Europe…

- The second half of the year was stronger than the previous one and posted a year-on- year increase of 7%.

- Even though declining, the United Kingdom remained the most liquid hotel investment market.

- 2013 is expected to be a repeat of 2012. The asset-light strategy of hotel groups will offer some opportunities to buy in 2013


… driven by strong hotel fundamentals.

- German hotels stood out with a 5% rise of their RevPAR.

- Spanish hotels’ performances deteriorated over 2012, weighed down by a sluggish domestic tourism.

- Similarly, RevPAR in Italy declined, though average daily rates remain high, above € 100.

- According to MKG Hospitality, RevPAR growth in 2013 is estimated between -1% and +0.5% in Western Europe.


Latest publications

Your Contact

Malle Richard

Richard Malle
Head of Research
+331 47 59 17 28