CW_Operator_Germany

OPERATOR BEAT

Operator Interest in the Largest Hotel Markets in the DACH Region

5.7

ROSTOCK

How long will it take the German hotel market to recover to 2019 levels?

+0.9

8.9

HAMBURG

+0.3

65%

Q4 2021

4.9

54%

+0.6

32%

BREMEN

Q4 2020

%

8.5

26%

5.5

Q4 2021

+0.1

%

HANOVER

6.2

+0.3

MUNSTER

+0.8

BERLIN

+0.5 4.9

+0.8 4.6

ESSEN

11%

9%

DORTMUND

5.3

3%

LEIPZIG

DUSSELDORF

-0.2 5.5

+0.4

8.3

0%

5.1

+0.2

+0.3

BONN

GERMANY

6.1

COLOGNE

2021

2022

2023

2024

2025

+0.8

Operator interest on a scale from 1 to 10

-0.4 5.8

FRANKFURT

0.0 10.0

+0.3 4.8

MANNHEIM

0.0 1.0

+0.7 6.3

NUREMBERG

No interest

Very strong interest

HEIDELBERG

6.3

+0.6

STUTTGART

7.3

+0.5

+0.1 8.6

MUNICH

+0.7 6.0

8.0

88%

91%

68%

VIENNA

FREIBURG

7.7

SALZBURG

5.6

BASEL

of the operators expect more opportunities to take over exisiting properties following the suspension of governmental support regarding Covid-19

of the operators continue to expand, however the majority tries to minimise risks

of the operators indicate, that ESG is becoming more important within their expansion criteria

7.5

ZURICH

AUSTRIA

6.0

INNSBRUCK

5.3

LUCERNE

SWITZERLAND

Survey amongst > 35 operators, active in Germany Small numbers in the circles represent the change in operator interest compared to Q4 2021