Most hotel operators in the DACH region are optimistic to very optimistic about revenue per available room (RevPAR) over the next twelve months, reports our recent survey among more than 20 international and regional hotel operators operating over 1,490 hotels.
Josef Filser has taken over as Head of Hospitality Germany at Cushman & Wakefield. In this new role, he is responsible for all transactions and lettings as well as strategic advisory mandates for the international real estate consultancy s Hospitality division in Germany. The 36-year-old reports to Alexander Kropf, Head of Capital Markets Germany at C&W, and succeeds Stefan Giesemann, who has left the company.
For 2022, international real estate consultancy firm Cushman & Wakefield (C&W) recorded a total hotel transaction volume of EUR 1.9 billion in Germany. This is 25 percent below the previous year s figure and falls almost 60 percent short of the 10-year average. The year was again characterised by single-property transactions, contributing approximately 85 percent of transaction volume. Only four portfolio transactions were recorded. The average transaction size was EUR 29 million.
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