CONTACT US
Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}

The Hotel Investment Scene in CEE 2023

Bořivoj Vokřínek • 10/25/2023

Welcome to our fourth edition of the joint Cushman & Wakefield–CMS report on the Hotel Investment scene in CEE*: Getting Real about ESG in Hotel Real Estate

 

In recent years, the hotel sector in CEE has endured a very volatile period. Starting with the pandemic in 2020, followed by Russia’s unprovoked invasion of Ukraine in 2022, and consequent economic challenges underpinned by the energy crisis and sharp increase in overall inflation. Not surprisingly, this had a detrimental impact on hotel performance and investment activity across the region, as described in this report. However, the hospitality industry is resilient and able to rebound quickly. The recovery is already underway and has surpassed most expectations. Hotels across the CEE region are showing robust performance, already exceeding pre-pandemic levels in many markets. This has attracted the attention of investors, and we are starting to see a rebound in transaction activity despite the high cost of financing and the ongoing economic and geopolitical challenges. Investors are attracted by the anti-inflationary nature of hotel real estate and the long-term growth potential in the tourism sector in CEE.

To protect and maximise the value of their assets, investors will need to address the challenges and opportunities associated with Environmental, Social and Governance (ESG) factors. In this report, we examine the benefits of implementing ESG best practices in hotels, such as increasing revenue, reducing costs, enhancing value and driving innovation. We also showcase some examples of hotels in the CEE region that have achieved high ESG standards and certifications. Furthermore, we outline the main ESG regulations and initiatives that affect the hospitality sector in the EU, such as the Sustainable Finance Disclosure Regulation (SFDR), the EU Taxonomy, the Non-Financial Reporting Directive (NFRD) and its successor the Corporate Sustainability Reporting Directive (CSRD), and the proposed Corporate Sustainability Due Diligence Directive (CSDDD). We also provide some practical guidance on incorporating ESG clauses into hotel operating agreements.

We hope you enjoy reading this report. If you would like to discuss any of its themes in more detail, we would welcome a conversation.

 

*CEE-6 countries comprise the Czech Republic, Slovakia, Poland, Hungary, Romania and Bulgaria

MEET THE TEAM

Boivoj Voknek
Bořivoj Vokřínek

Strategic Advisory & Head of Hospitality Research EMEA
Prague, Czechia


Stáhnout VCard

MagsudRahmanov
Magsud Rahmanov

Head of Hotel Transactions CEE & SEE
Prague, Czechia


Stáhnout VCard

Secda Cadir
Sevda Cadir

Associate Valuer
Prague, Czechia


Stáhnout VCard

MORE Insight

Marie Balacova, TV screen, meeting room, video
Video • Economy

C&W Insights: What you need to know about commercial real estate market

Explore our Real Estate Market Snapshot, a video overview of the commercial real estate market developments presenting the key trends in real estate investment, logistics, office and retail sectors.

9/24/2024
office buildings
Insights

Kompletní průvodce optimalizací nemovitostí 2024

Poznejte odborné strategie pro optimalizaci industriálních, maloobchodních a kancelářských nemovitostí, které vám umožní zvýšit výnosy a výkonnost.

2/29/2024
Women Hotel City
Insights • Investment / Capital Markets

The Hotel Investment Scene in CEE

Welcome to our fourth edition of the joint Cushman & Wakefield–CMS report on the Hotel Investment scene in CEE: Getting Real about ESG in Hotel Real Estate
Bořivoj Vokřínek • 10/25/2023

NEMŮŽETE NAJÍT, CO HLEDÁTE?

Obraťte se na jednoho z našich profesionálů.
With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Cookies
MORE OPTIONS
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
Save settings