 |
Currently in the UK property market, we have one of the best buying opportunities that we have seen for the last 20 years. Shrewd investors are out there right now snapping up some fantastic bargains whilst the amateurs are staying out of the market due to uncertainty, lack of knowledge, and fear! |
Marrakech Offer DocumentThe Hotel Market
Hotel valuations in Budapest have increased significantly since Hungary's admission to the EU in 2004 and this is predicted to continue. With an increase in tourist numbers but a lack of quality hotels in Budapest particularly above 3* there has been a bias towards higher quality hotels. As a result these hotels have experienced greater price appreciation with this trend plus increasing occupancy rates set to continue. Room to Invest believes that Uhu Villa as an exclusive 4* hotel is in a good position to exploit this.
Tourism In Hungary
Sources: HCSO preliminary data, National Bank of Hungary
| 2006 | 2007 | 2007/2006 | |
|---|---|---|---|
| International Arrivals (000s) | 40,963 | 39,307* | +3.9% |
| DOMESTIC | |||
| Arrivals (000s) | 3,873 | 3,961 | +2.3% |
| Guest Nights (000s) | 9,606 | 9,810 | +2.1% |
| INTERNATIONAL | |||
| Arrivals (000s) | 3,310 | 3,409 | +3.0% |
| Guest Nights (000s) | 10,046 | 10,049 | +0.0% |
| TOTAL | |||
| Arrivals (000s) | 7,183 | 7,370 | +2.6% |
| Guest Nights (000s) | 19,652 | 19,859 | +1.1% |
*January – November 2007
Double Celebrations for Global Hoteliers. Published: 16/01/2008
The global hotel market had an excellent year in 2007 according to first data from the HotelBenchmark™ Survey by Deloitte. All regions – Asia Pacific, Central and South America, Europe and the Middle East – are not only celebrating double–digit growth in revenue
per available room (revPAR) but also in average room rates.
In Europe, revPAR was up 15.8% to US$114 to end the year (2007) – although growth levels in local currency are more conservative at 6.3%. Overall, the market has been buoyed by strong economic conditions
helping drive both corporate and leisure business. This has helped counterbalance any fall offs in demand stemming from the strength of
the Euro and overall European occupancy levels have remained stable at 69.9%. Europe still remains on top of the world when it comes to revPAR performance.
Another Good Year For Hotel Performance Across Europe. Published: 16/01/2008
First year–end 2007 data from the HotelBenchmark™ Survey by Deloitte reveals another good year for European hoteliers. Hotels in Central and Eastern Europe saw the strongest performance with revPAR increasing 6.9%.