HOTELS IN THE Americas performed above 2019 levels, although RevPAR is stabilizing amidst decreasing consumer travel spending, according to real estate
firm JLL. This has affected resort markets heavily dependent on leisure travel. In contrast, urban travel demand is on the rise, driven by group, corporate, and
inbound international travel.
According to JLL's Global Real Estate Perspective for February 2024, global hotel RevPAR surpassed 2019 levels by 11.7 percent in the first 11 months of 2023.
The global urban market strengthened with increased international travel and the return of business and group demand. London, New York, and Tokyo are expected
to lead global RevPAR performance in 2024 as urban travel rebounds.
Stabilization has weighed heaviest in resort markets, particularly in the Americas and EMEA, while Asia-Pacific continues to accelerate as intraregional travel
grows following border reopenings, the report added. Foreign capital, absent since the onset of COVID, is expected to become more active over the next 12 months.
Middle Eastern and Asian investors are likely to lead, with urban markets in Europe and select U.S. cities as primary recipients of capital.
London is a capital city full of history and there is no better way to gain insight into its past than to take a look at its most famous buildings. One might consider Buckingham Palace, home to the Royal family and located just south of Mayfair and Green Park. Or perhaps the Palace of Westminster or Big Ben that is obviously essential to London's landscape and skyline. However, sights such as Somerset House are just as integral to London's history.
Some 26,000 property professionals, city and local authority representatives, investors and financial institutions from 100 countries will head from the international airport in Nice to Cannes for the international MIPIM real estate event in March.
Choosing the right building for your business can make or break your success. Where to base your business is one of the most important decisions you will make, and it needs careful consideration and planning.
The Prime Central London neighbourhood of Mayfair is today known for its exclusive residences, chic boutiques and sophisticated lifestyle. But, what are the origins of this legendary area? Learn more about Mayfair's colourful history.
Get into the summer mood at the Mayfair & St James's Summer Garden Party 2017. Held in Mount Street Gardens, the event that brings together the local community.