Recent hotel activity

Vienna. As the largest city in Austria and the sixth largest in the European Union, Vienna is both an important cultural and economic location and the most liveable city in the world. Thanks to numerous leisure tourism demand generators as well as international corporations and trade fairs, the metropolis on the Danube benefits from a balanced business leisure mix. According to the latest analysis by hotel property specialist Christie & Co, Vienna's steadily growing popularity is reflected in a strong improvement in performance.

Vienna. For the first time in history, the hotel transaction volume in Austria reached 1 billion Euro. This above-average result was already apparent in the first half of the year, as the hotel property specialist Christie & Co announced in a press release in July. The half-year result amounted to a total volume of 360 million Euro and was thus above the average of recent years.

Bucharest. Having benefitted from predominantly business-driven demand in the past, the city at the Dâmbovița river is currently establishing itself as a popular tourist destination. The analysis of specialist business property adviser Christie & Co shows a positive growth trend both in supply and demand, resulting in a continuously improving performance of Bucharest’s hotel market.

Specialist business property adviser, Christie & Co has brought to the market 2 branded hotels in Germany, as part of a wider Pan-European group of 8 hotels, on behalf of leading European operator, Louvre Hotels Group.

Vienna. After an average year 2018 as a whole, 2019 has potential to establish a record result again. In the first half-year, Austria already registered transactions in a total value of 360 million euro, which corresponds the second-strongest result since the recordings of specialist business property adviser Christie & Co.