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European Serviced Apartment Market

Commercial Research – 2020

Report

Autoren: Marie Hickey , Joshua Arnold

Reihe: Savills Spotlight

Anbieter: Savills

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  • Erscheinungsdatum : 16.06.2020
  • Seiten : 5 Seiten
  • Datei-Typ : PDF-Datei
  • Größe : 1,39 MB
  • Sprache(n) : Englisch

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Inhalt

In the face of Covid-19 the hospitality market across the majority of Europe remained effectively closed throughout the duration of lockdown. As economies are emerging from their respective lockdowns, serviced apartments, hotels and hostels have begun re-opening, albeit in many cases this will be in a more phased manner compared to other parts of the market. In addition, travel restrictions and social distancing requirements will mean that operational recovery to pre-Covid-19 levels across Europe may not materialise until at least 2022.

Serviced apartments have not been immune to the unprecedented impact on demand reporting very similar declines in RevPAR to the wider hotel market. However, there are some indications that the sector has been weathering the storm marginally better.

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