Hospitality Insights look back at some of the biggest stories in hospitality investment over the past 12 months in the Review of 2022: The biggest stories in hospitality investment by asking five leading executives in the industry to tell us what they think were the notables trends and deals.
- Tiago Venâncio, senior hotel development EMEA at Fosun Tourism Group
- Jon Colley, executive VP of acquisitions and development, PPHE Hotel Group
- Roger Allen, Global CEO, RLA Global
- Seán Worker, founder and principal, T5 Strategies, & AdaptersTECHX
- Michael Grove, chief operating officer, HotStats
Read the year in review here.
In short Hospitality Insights summarised:
What’s happening: It’s been a rollercoaster year for hospitality investment with bumper consumer demand plus inflation pushing rates up for most of the year but the second half has been impacted by warnings of a looming recession.
Why it matters: Things have changed very quickly and we’re still none the wiser as to how 2023 is going to pan out. It’s a very strange time to be in the hospitality investment world.
1 big quote: "The war in Ukraine and the resulting geopolitical shifts increased general uncertainties about the recovery of tourism and hospitality, especially in Europe, while skyrocketing energy costs, rising inflation and increased interest rates as well as the strong US dollar all impacted the overall economic and business environment."— Roger Allen, global CEO, RLA Global
