Search
The Caterer

European hotel values fall by 4%

05 July 2004
European hotel values fall by 4%

Hotel values across Europe dipped by 4% last year, according to the latest edition of consultant HVS International's Hotel Valuation Index.

The index, which monitors the value of four- and five-star hotels in 28 European cities, said that the decline could be attributed to the war in Iraq, unfavourable global economic conditions, the outbreak of Sars and the continued threat of terrorism.

Only Moscow, Vienna, Dublin and Prague recorded increases in hotel values last year, going up by 9%, 6.5%, 2% and 2% respectively.

HVS said that it expected some growth in hotel values this year but that the continued threat of terrorism would affect values in some cities for the next six to 12 months.

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.