Motel One described the European hotel market as having come to “an abrupt halt as a result of terrorism and Brexit”, although with the exception of Cologne, German cities are still performing well.

Since the recent terrorist attacks, Brussels and Paris suffered RevPAR drops of 20% and 16% respectively, while the Brexit vote has triggered falls in the UK of 11% in London, 9% in Glasgow and 3% in Edinburgh, mainly due to the effect on currency.

In contrast, CBRE Hotels has reported that the German hotel investment market has proven to be among the most attractive in Europe at a time of wider European political and economic uncertainty. This year Berlin has been fourth in Europe in terms of growth, with 2,467 rooms in seven hotels, and has beaten both Paris and Barcelona in the International Congress and Convention Association ranking for meetings and events.

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