Lodging (Destination)

Value sales of lodging in Ireland continue to increase, although growth is increasingly driven by rising prices rather than greater occupancy. Hotel occupancy in Ireland in the first half of 2024 was marginally up on 2023, which is also the forecast…

Lodging prices in Croatia continue to increase in 2024 following a sharp rise in 2023, driven by escalating operational and labour costs. This upward trend in prices has significantly impacted lodging, leading to a notable shift in the market.…

In 2024, the number of guests staying in lodging facilities has already surpassed pre-pandemic levels but the number of room nights being booked has lagged behind because people have been taking shorter stays. Lodging guests are dominated by Czechs…

In 2024, inbound tourism has not fully rebounded, affecting both luxury and mid-market hotels, particularly in the capital and other major cities. These segments are still experiencing a lower number of tourists compared to 2019. Hotels in ski…

Lodging (destination) is seeing both positive developments and ongoing challenges in Bulgaria in 2024.The industry suffered badly during the era of the pandemic, and ongoing consumer price-sensitivity alongside inflationary pressures leading to…

Despite the challenges posed by the pandemic and emerging concerns around stricter government regulations, the construction of hotels in Germany is thriving in 2024. The persistence of hotel development reflects both the resilience of the hospitality…

Lodging in South Africa continues to record solid growth in 2024, with value sales set to fully recover to pre-pandemic levels over the year. Hotels is a major contributor. Despite a significant dip during the pandemic, luxury hotels continues to…

The hotel industry in Poland is gradually recovering after the pandemic, and the number of facilities operated by both international and local operators is increasing in response to strengthening demand from both domestic and international tourists.…

Lodging (destination) is set to see a strong increase in retail value sales in Hungary in 2024. 2019, the last year before the COVID-19 pandemic, has become the benchmark against which lodging operators compare their performance, even in 2024.…

With the number of hotels expected to remain stable in 2024, growth in retail value sales of lodging is projected to be driven by increased occupancy rates and a rise in the average daily room rate. The latter will be influenced by rising utility…

Lodging (destination) is set to see current value growth in Sweden in 2024. There are various new openings of hotels occurring in Sweden, which highlights the further potential for industry development. These new openings will cater for the needs of…

Lodging (destination) is set to see strong current value growth in Norway in 2024. Norwegian hytte (simple country houses) and camping are seeing brighter opportunities because of hotel rates jumping and lower consumer purchasing power due to the…

Lodging in the UK is benefiting the most from the strong growth recorded by inbound tourism in 2024, with inbound spending expected to account for almost 70% of net lodging’s value growth during the year. Indeed, domestic spending growth in lodging…

The number of hotel lodging (destinations) In Turkey is expected to grow in 2024, driven by significant investment in new hotel outlets. The acceleration of tourism flows into the country is attractive to hotel developers who are keen to capitalise…

Lodging is seeing growth supported by continued demand in Switzerland in 2024, benefitting from traditionally high prices in the country, a strong franc and wealthy clientele. However, inflation is impacting tourist arrivals from the US, a key…

With inflationary pressures having eased somewhat and travel flows normalising in the wake of the rebound from the pandemic, overall current value sales growth for lodging in Morocco in 2024 is set to fall well below that recorded in 2023. An…

The Philippines' hotel industry (lodging (destination)) is experiencing a rebound as the economy recovers, resulting in healthy double-digit growth in 2024. This is marked by increased domestic spending on staycations and travel, and the return of…

Hotel lodging destinations are being boosted by inbound travel to the Netherlands, especially the high volumes from neighbouring countries which fully recovered to pre-pandemic levels in 2023. The return of North Americans has supported overall…

In 2024, Taiwan's lodging sector is poised to make a full recovery, with the number of hotel room nights anticipated to surpass pre-pandemic levels. However, inflationary pressures could impact performance, as rising prices may prompt consumers to…

The year 2023 marked a record high for Portugal's lodging industry, and all indicators suggest that 2024 will surpass this performance, with increases expected in the number of hotel establishments, room nights, and average daily rates. This…