HOME      NEWS           AGENDA           LIBRARY           NETWORK           PROJECTS           NEWSLETTER           ABOUT US     

Hotel market regaining health

In a new Marketbeat report, broker and real estate advisor Cushman & Wakefield has been looking at the Belgian hotel market. First of all it finds that the Belgian market has showed its resilience to negative consequences from 2016 attacks. Although the number of arrivals and overnight stays decreased in 2016, these figures were still higher than those of 2014 (2015 having been a peak year). In addition, the number of nights per arrival remained at a high of 2.42 in 2016. On top of this, international investors and operators are now evaluating their presence and are expanding in key locations. This is underscored by an ever-increasing pipeline of premises with more than 100 rooms. In addition the average number of rooms per establishment is on the increase.
Recovery is in particular underway in Brussels which bore most of the brunt of the attacks with foreign tourists having retreated somewhat in their immediate aftermath. Indeed the 12-month moving average occupation rate has increased every month since its nadir in October 2016.

Where figures are concerned, Eurostat (quoted by C&W) indicates a fifth successive annual decrease of the number of hotels in Belgium, to 1,522 establishments in 2016. Nevertheless the decrease has been fairly marginal (35 fewer in 2016 against a peak decrease of 320 establishments in 2012). Additionally, the number of rooms has increased for the first time since 2011 to 58,791 in 2016.

In terms of future openings, in Brussels the second Meininger hotel will open its doors on Rue Bara near the Midi station in 2019. The building, owned by Nelson Group (also the owner of the Meininger at the former Brasserie Belle-Vue) will include 668 beds spread across 150 rooms. Maltese group Corinthia will invest heavily in the refurbishment of the Astoria hotel as planned, with an expected reopening in 2019. The premises will include 126 rooms and suites. Corinthia’s ambition for the hotel is to gain the status as the best in Brussels.

In Flanders, the major initiatives are the opening of the 135-room Park Inn by Radisson at Post X in Berchem, scheduled for the beginning of 2018. Along with this, Ghelamco is developing the 243-room ‘Ringhotel’ next to KAA Gent’s Ghelamco Arena soccer stadium.
Moving to Wallonia, in Champion (Namur), Actibel is currently developing its Ecolys Business Center, a mixed-use scheme which will include a 120-room hotel expected to be delivered around spring 2018. Three major projects are currently underway within a small radius in Liège: the former Holiday Inn (‘Hôtel Alliance’) next to the Palais des Congrès has been demolished and will be replaced by a 219-room Van der Valk by the beginning of 2018. Marriott is to open a 140-room Moxy on the Boulevard de la Sauvenière in 2019, and a 100-room Park Inn by Radisson is expected to open near the Cadran from 2020.
Elsewhere, a Novotel is set to open within the setting of the recently opened Rive Gauche shopping centre in Charleroi. The four-star hotel will include 128 rooms.

 © The Hotel
© The Hotel

| 19/12/2017

share:    facebook  twitter 

News in short
Arcadis continuing to expand | 22/2
'The Royal' brings more life back to city centre | 21/2
Trio changes hands | 20/2
Senior appointments at CBRE | 19/2
Towards uniform valuations | 15/2
Cofinimmo sells Egmont complex | 14/2
New chief at Cofinimmo | 9/2
Major E 313 logistics transaction | 8/2
Eric van Dyck back at Cushman | 7/2
Favourable opinion for Biestebroeck | 6/2
Record entries for Belfius Smart Belgium Awards | 2/2
National stadium gets a 'No go' | 31/1
Four Belgian finalists at Mipim Awards | 30/1
Another good year for logistics - JLL | 26/1
Woluwe sale raises the bar | 24/1
Lunch with a pragmatic Swiss architect | 23/1
Major Genappe project gets green light | 18/1
'Child prodigy' to speak at Mipim opening | 17/1
Quares to expand portfolio of student flats | 15/1
New care home contract in Middelkerke | 12/1
Grand Poste Liège - new look revealed | 10/1
2018 set to be positive - Cushman & Wakefield | 9/1
Eurostadium - another major delay, or worse. | 8/1
Wallonia to ban out of town shopping centres? | 4/1
Antwerp heading for a record | 20/12
Mipim to look at new role of cities | 15/12
Belliard 40 attracts pre-lets | 14/12
Good public sector year - JLL | 13/12
Delta tower: Japanese/Belgian team wins competition | 13/12
Befimmo to buy Arts 56 | 12/12
New perspectives for the redevelopment of the Val-Saint-Lambert site in Liege | 12/12
Immobel acquisition in France | 11/12
The future of retailing - CBRE vision | 7/12
Belfius Smart Cities and EIB in La Panne initiative | 5/12
Quartier des Arts - defending Brussels heritage for 50 years | 4/12
SNCB – properties for sale? | 1/12
Mapic in tune with the times | 30/11
URBACT: the theory and the practice at Brussels conference | 28/11
Renewable energy innovation in Godinne hospital | 27/11
Vibrant retail activity in city centre | 23/11