This is our second Marketbeat for 2017 which provides data and analysis on the Belgian hotel market.
Here is a short summary of what you will find in the report:
Hotel market indicators point towards an imminent successful recovery from recent troubles.
• Well-known international chains continue to expand with large hotels across the land. In addition, the average number of rooms per establishment is on the increase. The list of projects and deliveries has grown substantially.
• Demand figures suggest 2017 is expected to record solid numbers in terms of hotel tourist visitors and overnight stays.
• Similarly, a return to normal market figures in Brussels should be imminent.
• Following a lively beginning to the year, no investments transactions were recorded in H2. This might be explained by the market opacity with many owners remaining private investors who also handle the running of premises.
Please don't hesitate to contact us if you have any questions.