The Dutch resort trade is recovering effectively from the corona disaster. The considerably ailing economic system doesn’t apply to resorts. Lodge actual property has clearly introduced itself as a secure and stable asset class, says Ewout Hoogendoorn of Horwath HTL throughout PROVADA 2023.
The resort market got here into two unhealthy corona years after three secure years (2017 – 2019), however has recovered quickly as soon as journey restrictions had been lifted. Not solely did occupancy charges return to 2019 ranges in most locations inside the 12 months, however room charges additionally confirmed a very robust restoration. The resort trade thus confirmed itself to be extra immune to inflation than different asset courses. From the start of 2023, the common room fee has elevated much more than the inflation correction.
The quantity of resort transactions continues to be a lot decrease than within the years earlier than the corona disaster, however right here too the destructive impact is much less robust than for different asset courses. The transaction quantity within the first quarter of 2023 remained on the identical degree as in 2022, the place different varieties of industrial actual property confirmed important declines.
The variety of newly opened resorts is considerably decrease than within the years earlier than corona. Because of the comparatively scarce provide and the secure market, resort actual property has acquired a powerful place.
Whether or not institutional buyers can profit from the robust place of resort actual property partly is dependent upon the kind of contract. Though institutional buyers historically go for fastened rental contracts, the corona interval has proven that this type of contract can be not with out threat. It has turn into clear that when a resort investor has in-house information of the resort market, he can obtain the very best outcomes with a hybrid rental contract or a administration contract. The principle causes are that the investor has extra affect on the resort operation and shares in the next return in good years..
Presentation PROVADA 2023
On Wednesday 14 June 2023, Horwath HTL, in collaboration with ABN AMRO, introduced an replace of the resort market 2023 with a give attention to the attractiveness of resorts as an asset class. The presentation occurred on the ABN AMRO stand at PROVADA, the annual assembly level of the true property trade within the Amsterdam RAI.
About Horwath HTL
Horwath HTL is concentrated 100% on hospitality, tourism, and leisure consulting. Our companies cowl each facet of resort actual property funding, tourism, and leisure growth. Our purchasers select Horwath HTL as a result of we have now earned a fame for neutral recommendation that can usually imply the distinction between failure and success. Every shopper mission is exclusive, they usually depend on us to make the most of the expertise we have now gained all through our 100-year historical past to help them in attaining their objectives. Being a worldwide agency with 52 places of work in 40 international locations, we have now efficiently carried out over 40,000 assignments for each private and non-private purchasers. As a part of the Crowe International community, a top-ten accounting, and monetary companies community, Horwath HTL is the primary alternative for corporations and monetary establishments trying to make investments and develop within the trade.
For extra data, please go to www.horwathhtl.com.
Marco C. van Bruggen
HORWATH HTL
+31(0)35-7732605
Horwath
