Resource CenterThe EMEA Hotels Monitor is a collaborative report by Whitebridge Hospitality, RLB, and HOTSTATS. The latest issue for August 2024 reveals a mixed yet promising landscape for the hotel industry across Europe, the Middle East, and Africa (EMEA). Despite ongoing challenges such as political instability, unexpected early elections, and local resistance to high tourism levels, the region's hotel sector has shown resilience, with certain areas nearing stabilization after the disruptions caused by the pandemic.
Performance Highlights
- Top Performers: Dubai led in occupancy rates with 80.3%, while Milan achieved the highest GOPPAR (Gross Operating Profit Per Available Room) at €157.28.
- Notable Growth: Doha experienced a significant rebound with a 50.1% increase in GOPPAR, following the post-World Cup period. On the contrary, Amsterdam saw the most considerable decline with a 13.3% drop in GOPPAR.
- Paris Struggles: Paris showed pre-Olympic jitters, with declines across occupancy (-3.4%), RevPAR (-2.0%), and GOPPAR (-9.6%).
Construction and Investment Trends
The report highlights a cautious return of confidence in the construction sector, driven by stabilizing interest rates and increased activity in the European pipeline. London emerged as a particularly busy market with a potential record year for deals.
Special Focus: London Luxury Hotels
The issue features a special analysis of the London luxury hotel sector, exploring the impact of new branded luxury hotels on the market.
Overall, the report suggests that while the EMEA hotel industry faces a range of challenges, there are strong indicators of recovery and growth, particularly in key markets like Dubai, Milan, and London. The sector is gradually finding its footing, with a mix of growth and decline across various regions, highlighting the diverse and dynamic nature of the market post-pandemic.
Download the latest EMEA Hotel Monitor Report to explore the detailed data and insights:
