Omicron has resulted in increased travel restrictions and subdued travel demand around the world. Nonetheless, this time travel demand is likely to rebound at a much faster pace than in prior COVID waves. Continue reading to learn more.
Despite suffering the COVID-19 pandemic alongside the traditional hotel sector, the serviced apartment sector has been weathering the storm better owing to a few key factors that show a stronger resilience to a sudden and fundamental shift in demand. In this article, we examine recent innovations in the sector, give a performance update and explore the serviced apartment pipeline for Europe.
Hotel investment in the Nordics is dominated by a handful of regional investors and companies. Few brands have a major presence in the area, as the main barrier to entry is the preference for operational leases rather than management agreements.
August 3, 2011
ByCristina Balekjian ,Lara M Sarheim