Are new hotels more attractive for investment than renovated ones?

Are new hotels more attractive for investment than renovated ones?
In Europe, accommodation companies are investing far more in building new hotels than in remodeling and refurbishing existing ones. In 2021, €17.9 billion was invested in new hotel construction, while only €2.8 billion was spent on remodeling and refurbishing. Independent hotels own more properties than chains, but are losing ground.

This chart shows that new hotels attract more investment than refurbished hotels. Data source: Statista.com

<<:  Accenture: 2022 Holiday Shopping Survey

>>:  EIU: Tourism Outlook 2023

Recommend

Rhubarb effects and functions pictures

Chinese medicinal materials are unique therapeuti...

Isn't it enough to just wash the cutting board? Why can't you reuse it?

ps. In addition to not mixing cutting boards, you...

The efficacy and function of licorice root

Licorice root is a medicinal material. If we have...

The efficacy and function of red iron leaves

Many people know that the leaves of the red iron ...

What does Prince Ginseng taste like?

Pseudostellariae is a traditional Chinese medicin...

What are the main functions of Astragalus?

Living in this society where stress and competiti...

The efficacy and function of mussel flower

In today's society, health preservation seems...

What are the effects and functions of Sophora flavescens?

Sophora flavescens is a traditional Chinese medic...

What are the effects and functions of Qizhi Xiangfu Pills?

The main ingredients of Qizhi Xiangfu Pills are a...

Composition of Chaihu Guizhi Decoction

Chaihu Guizhi Decoction is a soup made from buple...