The ranking is led by the United Kingdom which invested 8.200 million euro in this sector in the last 12 months, a 15.1% yoy increase. Germany ranks third, with a 7.1% turnover increase reaching 3.900 million euro.
According to CBRE’s latest report, concerning the year’s first quarter, the 23.000 million euro hotel investment within the European market was boosted mainly by the continuous growth within the United Kingdom, Spain and Germany, where the amount invested represented 35.5% of all investment.
The report also shows an improvement for Portugal: investment in this sector quadrupled during 2019’s first quarter reaching a total of 400 million euro.
Duarte Morais Santos, Associate Direcror at CBRE Hotels, highlights that «after a record year in hotel investment in 2018, 2019 got off with excellent results and should reach a new historic record above 500 million euro, becoming one of the most relevant segments within real estate. Demand from international investors remains solid, and an increase is expected in its prevalence within the Portuguese market in the coming years».