Portugal Ranks 7th in European Hotel Investment Attractiveness



The '2024 European Hotel Investor Intentions Survey' by CBRE shows Portugal as the 7th most attractive country in Europe for hotel investments. Encouraging prospects are revealed for the sector, with around 90% of investors planning to maintain or increase investments in the tourism sector next year.

The European hotel sector is showing promising signs for investors in 2024, according to the '2024 European Hotel Investor Intentions Survey' conducted by CBRE. Portugal has emerged as the 7th most attractive country in Europe for hotel investments, showcasing its potential for growth in the tourism sector.


Portugal Ranks 7th in European Hotel Investment Attractiveness

The survey indicates that around 90% of investors are planning to either maintain or increase their investments in the hotel industry next year. This optimism is fueled by the strong performance and resilience of hotel assets, which are expected to face fewer discounts compared to other types of assets. Additionally, the possibility of price adjustments is a key factor driving investment in hotel assets, with 28% of investors citing it as their main reason for increasing their investments.

Despite the positive outlook, the study highlights challenges such as the rising cost of capital, driven by increasing interest rates to combat inflation. The shortage of qualified labor is also identified as a factor impacting the industry, along with geopolitical instability in Europe.

Spain leads the list of most attractive countries for hotel investments in 2024, with Portugal making its debut in 7th place. The country's diverse range of destinations, from city breaks in Lisbon and Porto to beach resorts in the Algarve and Comporta, as well as nature escapes in Madeira, the Azores, and Alentejo, contribute to its appeal. The quality of service in Portugal is also recognized as a key factor in its attractiveness to investors.

Overall, the '2024 European Hotel Investor Intentions Survey' suggests that the European hotel sector is poised for a year of opportunities. Investor confidence is on the rise, and there is strong demand for hotels in key destinations, indicating resilience and readiness to face future challenges. By implementing innovative strategies and focusing on added value and experiential offerings, the hotel market is expected to continue its positive evolution in 2024.

The survey emphasizes that the hotel sector remains an attractive investment option with stability and growth prospects. The popularity of European destinations further solidifies the sector as a reliable choice for investors in 2024.

Portugal Ranks 7th in European Hotel Investment Attractiveness

Support Ogusyis by making a contribution – no matter how small.


Enter your amount
£
Enter your amount
£
Enter your amount
£
Yourname
Email
Phone


Portugal Housing Prices Rise Slows to 7% in Q1: INE Data

According to the National Statistics Institute, Portugal housing prices increased by 7% in the first quarter, marking a slowdown compared to previous quarters.

According to the National Statistics Institute, Portugal housing prices increased by 7% in the first quarter, marking a slowdown compared to previous quarters.

Read more

New Zealand’s Housing Market Sees 4.4% Rise in Median National Rents

Latest data from Tenancy Services reveals a steady increase in national median rent to $600 a week, marking a 4.4% rise compared to the previous year.

Latest data from Tenancy Services reveals a steady increase in national median rent to $600 a week, marking a 4.4% rise compared to the previous year.

Read more

Residential Property Prices in Ireland Surge, Exceeding 2007 Peak

New data from the Central Statistics Office reveals that residential property prices in Ireland have soared, surpassing pre-recession levels by nearly 10%.

New data from the Central Statistics Office reveals that residential property prices in Ireland have soared, surpassing pre-recession levels by nearly 10%.

Read more

U.S. Home Sales Decline Amid Record Prices and Rising Mortgage Rates

U.S. existing home sales continue to drop for the third month in a row due to record-high prices and increasing mortgage rates, but a surge in housing inventory offers hope for potential buyers.

U.S. existing home sales continue to drop for the third month in a row due to record-high prices and increasing mortgage rates, but a surge in housing inventory offers hope for potential buyers.

Read more

Canada’s Housing Market Weakens in May Amid Anticipation of Bank of Canada Interest Rate Cut

The benchmark price of a home in Canada fell 0.2% in May to $714,300, with prices down 2.4% from last year. Will the upcoming interest rate cut provide relief for buyers?

The benchmark price of a home in Canada fell 0.2% in May to $714,300, with prices down 2.4% from last year. Will the upcoming interest rate cut provide relief for buyers?

Read more

Spanish Island and Coast House Prices Return to 2008 Levels

Discover how house prices on Spanish islands and coast have surged, nearing 2008 highs with an average 3.3% rise in May.

Discover how house prices on Spanish islands and coast have surged, nearing 2008 highs with an average 3.3% rise in May.

Read more

Discover Spain's Top Neighborhoods for Foreigners

Discover Spain's top neighborhoods for foreigners and explore the most sought-after locations for property investment. Start your search for the perfect home in Spain today!

Discover Spain\'s top neighborhoods for foreigners and explore the most sought-after locations for property investment. Start your search for the perfect home in Spain today!

Read more

27% of Canadian Renters Ready to Buy | Royal LePage Study

Discover the latest findings from the Royal LePage study, revealing that 27% of Canadian renters are ready to overcome financial hurdles and purchase a property within the next two years.

Discover the latest findings from the Royal LePage study, revealing that 27% of Canadian renters are ready to overcome financial hurdles and purchase a property within the next two years.

Read more

Australia Real Estate Prices Set to Soar in Two-Speed Market

Get the latest forecast on Australia real estate prices, with record growth expected in most markets but varying rates of increase.

Get the latest forecast on Australia real estate prices, with record growth expected in most markets but varying rates of increase.

Read more

Copyright © Ogusyis. All rights reserved. The Content may not be copied, distributed,  republished, uploaded, posted or transmitted in any way without the prior written consent of Ogusyis.