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Belfast City Council reviews impact of holiday rental websites

By ASAP Newsdesk On 29th July 2019 · Add Comment · In Airbnb, Alternative accommodation, Breaking News, Front Page, HomeAway, homestay, UK News
Belfast City Council is reviewing the effect of holiday rental websites such as Airbnb and HomeAway, which have allegedly seen a 40% increase in bookings in northern Ireland during the twelve months to May (source: Airdna), against the local need for affordable housing. Airbnb claims that Airdna’s figures can be misleading and inaccurate, although Airdna [...]
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CBRE forecasts continued slowdown of US hotel performance

By ASAP Newsdesk On 31st May 2019 · Add Comment · In Americas, Breaking News, Global News, Trending News
According to CBRE’s latest US Hotel Horizons report, lodging supply has increased while the growth in demand has decreased, which is likely to lead to a decline in occupancy over the next couple of years – after 10 consecutive years of occupancy expansion. It echoes the health of the national economy, with US GDP also [...]
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CBRE: European hotel investment reaches €21bn by Q2 2018

By ASAP Newsdesk On 14th August 2018 · Add Comment · In Breaking News, EMEA, Global News, Trending News
According to CBRE data, total investment during the 12 months to the middle of this year across European real estate sectors rose 4% over the same period in 2017 to €21bn (£18bn), with a 5.8% increase in volume. Investment in UK hotels totalled £7.3bn, up over 95% year-on-year, including the recent sale for £742m of [...]
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CBRE on what’s new with extended-stay hotels

By ASAP Newsdesk On 14th June 2018 · Add Comment · In Americas, Breaking News, Global News, Trending News
Commercial real estate services firm CBRE has released its most recent analysis of the extended-stay hotel segment, looking at occupancy, ADR, revenues and profits, and the differing performance of upper- and moderate-priced properties, using its annual “Trends in the Hotel Industry” survey 2010-2017 figures. The main points include: Compound annual growth rates in revenue and [...]
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Accor-Mantra deal, battle with Airbnb to shape year ahead for hotels

By ASAP Newsdesk On 22nd January 2018 · Add Comment · In Airbnb, APAC, Breaking News, Global News, OTA
The $1.3 billion takeover of Australia’s biggest accommodation operator Mantra Group by French giant Accor, creating an Australian hotel giant, Accor-Mantra, will set the tone for what will be another strong year for the country’s hotel sector as overseas visitor numbers, especially from China, head for record heights. This and other recent hotel mergers and [...]
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America’s Cup will stretch Auckland hotel room stock

By ASAP Newsdesk On 28th November 2017 · Add Comment · In Airbnb, APAC, Breaking News, Global News, Serviced Apartments, Trending News
A report by CBRE says that if tourism growth in Auckland continues at the forecast rates, demand for hotel rooms will exceed supply at the time the city hosts the America’s Cup in 2021 despite a current surge in hotel building. The residential apartment market such as Airbnb and other commercial accommodation providers such as [...]
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European hotel investment surpasses £11 billion with UK topping list

By ASAP Newsdesk On 28th November 2017 · Add Comment · In Breaking News, Front Page, Trending News, UK News
According to the latest data from CBRE, total European hotel investment volumes in the third quarter of 2017 increased by 33% year-on-year, with hotel transaction volumes exceeding €14bn (£11bn). The UK and Germany accounted for 55% of the transaction volume, with the UK recording the highest investment at €2.6bn (£2.3bn) in Q3 2017, up almost [...]
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Seaside towns help boost UK hotel investment

By ASAP Newsdesk On 31st July 2017 · Add Comment · In Breaking News, Brexit, UK News
Figures from Property Frontiers have shown the weak pound, the record number of inbound visits and the popularity of ‘staycations’ have incentivised investors to put more money into hotels in UK seaside locations. Estates agents Savills report that investment in UK hotels has already reached £2bn in the first half of 2017, predicted to rise [...]
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Staying Cool signs deal for new apartment hotel in Manchester

By ASAP Newsdesk On 15th June 2017 · Add Comment · In ASAP Members, Breaking News, Front Page, Manchester, Staying Cool, UK News
Staying Cool has announced plans for a new 41 unit apartment hotel in Manchester within the Whitworth Street / Princess Street Conservation Area, with the regeneration of a former cotton warehouse which has been empty for several years. In January Staying Cool won a competitive tender, led by CBRE, to find the right hotel or [...]
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UK named top European choice for hotel investment

By ASAP Newsdesk On 11th April 2017 · Add Comment · In Breaking News, Trending News, UK News
According to a survey by CBRE, European hotel investors have named the UK as having the most “appealing” market in Europe. Also, 87% of respondents revealed that they would be planning to spend the same, or more, in hotel real estate throughout this year. Read more:
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