Board
2012
Business Outlook
2011
2005
2006 2007
2008 2009 2010
Hotels
13.1
10.8
6.1
- 5.1% movement in average prices
Hotels
0.1
-18.4
-19.5
Jeremy Hill Director and Head of Hotels
“ The market dynamic in the hotel sector changed quarter-by-quarter through 2011 – from hope and increased activity early in the year to uncertainty and confusion by year-end. Significant deals did take place in a transactional market dominated by distress all across Europe, while London again led trading performance. The year to come could provide a windfall for cash buyers in an increasingly ‘ come-and-buy-me’ marketplace in which the availability of cash
in a debt-scarce environment will again be the most crucial influencing factor.”
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