CBRE’s latest report shows that Edinburgh, Glasgow and Manchester are amongst the “key” European cities well positioned for hotel performance recovery, as markets with exposure to leisure demand and a lower reliance on international and long-haul travel and meetings, conferences and exhibitions are “best positioned for a more rapid recovery”.

Domestic travel will be the first to see a return of activity, according to the report.

Germany, the UK and Italy have the highest share of domestic tourism spend, and are well-positioned for a “more immediate recovery”, while countryside and rural hotels across Europe are expected to benefit from the staycation trend first, as travellers will initially seek to avoid densely populated locations.

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