The current values: Knowhow and trust

Munich. Higher, quicker, further – almost everyone exuded optimism at Expo Real 2015. Investors, consultants, developers, politicians, lawyers, and hoteliers gave their best shot at Expo Real 2015. There were deals, discussions and genuine celebrations, as this year very much looks like it will be a good one. However, those sounding a note of caution and warning were far from being overheard – even among hotel experts. In the wake of the gigantic field of commercial real estate, hospitality remains a small player despite its growth – but it is being increasingly appreciated.

Munich. Optimism was yesterday; today it is euphoria. Some real estate rates are going through the roof, but the yield remains modest. The 18th Expo Real, which ended on Wednesday in Munich, reflected the current luxury problem of the industry – including the hotel industry: capital is available in abundance, but there are fewer and fewer purchasable products. What is more, there is no end in sight to this balancing act, which makes life hard for investors, developers and hotel operators alike. According to experts, the interest rates will remain low. Every so often, crash-experienced people warned of future single bubbles here and there. However, these voices largely petered out. Everyone was after deals, deals, deals... Those who do not partake in deals will be left standing in the market in a few years – also in the hotel industry.