HVS’s London office has today released the latest edition of its annual review of European hotel value trends, the Hotel Valuation Index (HVI). The European HVI has tracked trends in upscale hotel values in 36 key European markets since 1993.
This current survey shows that on average hotel values across Europe, measured in euro, showed a fall in value of 13%, the second year in succession the index has shown a decrease in value. On average over the past two years hotel values across Europe have fallen by close to 25%. However, London has bucked the trend and HVS reports a significant growth year on year of 14% in sterling terms (whilst in Euro terms hotels in London showed a growth of only 1%). This follows an 11% fall in value of London hotels in sterling terms last year.
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