Recent hotel activity

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.

Prague. Over the last years, the capital on the Vltava river has strengthened its positioning as a city escape favourite among international leisure travellers. Specialist business property adviser Christie & Co’s analysis revealed that although competition on the hotel market is fierce, performance increased over the long run, despite last year’s mixed results.