INVESTMENT VOLUME IN SINGLE DEALS INCREASED
The first half of 2021 shows that hotels continue to suffer from the Corona crisis and the still considerable travel restrictions. Overall, the investment volume was just under €1.1 billion, a decline of almost 20% compared with the result for the same period of the previous year. However, it should be noted here that Q1 2020 was still temporarily uneffected by the effects of the Corona crisis and at the same time benefited strongly from the TLG takeover by Aroundtown. But even compared to the 10-year average, losses of a good 20% were now recorded. It is thus clear that many investors remain on the sidelines, waiting for a recovery in the tourism and business travel markets. Nevertheless, a look at the investment statistics shows that the transaction volume has increased every quarter since Q2 2020. For example, the Q2 2021 result of around €575 million and thus more than twice as high as in Q2 2020.