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Hospitality news

As lending standards tighten, a long-term CRE transformation is on the horizon – Scope

“The question is not whether the European commercial real estate sector will be affected by Covid-19 but how severely and for how long,” says (...)

About to reopen 100 hotels, B&B Hotels sees encouraging signs

While French hospitality group B&B Hotels has managed to keep more than 100 hotels open during the Covid-19 pandemic, it is now preparing to (...)

Despite the crisis, French investors do not intend to change their strategies - C&W

Unveiling exclusively for Business Immo the main findings of its survey, conducted* with 176 commercial real estate investors present in France at the time (...)

Global market sentiment shows encouraging signs - Savills

Savills’ most recent Global Market Sentiment Survey, an internal survey of the firm’s research heads across 31 global country markets, indicates 19% reported a (...)

Accor’s consolidated revenue down 17% for 1Q20

Paris-based hospitality giant Accor’s consolidated revenue totaled €768m for 1Q20, down 17% as reported and 15.8% like-for-like. As of 22 April, 62 % of (...)

French Covivio’s revenues increase 2.3% in office and residential, hotels suffer from Covid-19

French REIT/SIIC Covivio’s revenues at end-March stood at €158m (€241m at 100%), compared to €166m (€249m at 100%) at end-March 2019. Performance at like (...)