The great hotel show and tell – Are hotels still a good investment for your portfolio, or should you give that industry a rest? The “Marketbeat Belgium Hotels 2018” by Cushman & Wakefield analyses the Belgian hotel market down to the slightest detail: anything to save you time and guarantee crystal clear insights into the ups and downs of the hotel sector – shedding light on interesting investment opportunities in the process.
Download the full report right here. Or read the key insights below and get up to speed in no time.
The hotel industry remains very attractive for both domestic and foreign investors. The proof is in the pudding: a total €150 million was invested in the Belgian hotel sector in 2018. This should come as no surprise, given how occupancy rates soared throughout the year.
Arrivals and overnight stays are at their highest ever, firmly countering the trend set off by the 2016 terrorist attacks. Overseas visitors have found their way back to Belgium, adding to the European and local clientele whose trust had already been restored.
Brussels peaked with an occupancy rate of nearly 75%, exceeding its previous record. The city accounted for approximately 12% of Belgian hotels. Flanders made up about 58% of the market, while Wallonia hosted 30% of the nation’s establishments. The number of hotels remained stable, while the number of rooms increased significantly to 60,125.
But enough with the trivia, it’s time to talk investment. The bulk of investments in the industry in 2018 consisted of two sale-and-leaseback operations in the second half of the year, when larger deals were struck involving aparthotels and a holiday park. And while the market is traditionally quite international, it’s worth noting that most of the equity invested in 2018 was Belgian – a stark contrast with previous years.
As regards the economy, the outlook isn’t strictly positive. GDP growth is forecast to slow down in 2019 with variations across each region, but is expected to stabilise at 1.5 percent. Then again, confidence indexes are lower than in 2017, breaking with the trend of continuous increase since 2013.
Consumer and business confidence are waning due to national and international developments. Fortunately, accommodation and foods services seem to have escaped the trend thus far, showing a moderate growth forecast for the years to come.
Want to find out more?
Cushman & Wakefield’s “Marketbeat Belgium Hotels 2018” offers unique insights and elaborate industry analysis. Make decisions based on the best market intel.
Read more :