Europe’s hotel sector saw average hotel values per room increasing by 1.5% in 2010 to Eu215,200, following two consecutive years of double-digit percentage falls, according to the latest edition of HVS London’s annual Hotel Valuation Index.
Paris and London retained first and second place in the index with the highest value per room, although Frankfurt and Munich saw the highest percentage change in values per room, of 19% and 15%, respectively. HVS London director Tim Smith said: "An interesting year awaits, but it may be for differing reasons. Some cities will enjoy performance and value growth, others will remain reasonably static (and relieved to be so), whilst others may fall still further in the early part of 2011."
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