Croatia not among top countries for hotel investments

Croatia not among top countries for hotel investments

Croatia not among top countries for hotel investments Izvor: Grgo Jelavić/PIXSELL

The most attractive countries for hotel investments this year are Great Britain, Germany, and Spain, according to the European Hotel Investor Intentions Survey 2018. Croatia did not make the list of top 13 places.

The survey, organised by the CBRE Group, the largest real-estate services and investment firm in the world, was conducted on 336 global real-estate investors, Poslovni Dnevnik reports.

The analysis showed that the investments this year will remain the same as last year, or even go up, indicating that the hotel industry is more attractive at the moment than the rest of the real-estate business.

The investors are not concerned about the current political climate, such as Brexit or the Catalan independence ambitions, proven by the fact that two thirds of those surveyed consider Great Britain, Germany and Spain to be the most attractive opportunity for investments.

Some 35 percent of investors have chosen Great Britain as the target market for hotel investments, which is a staggering 106 percent increase from last year. This optimism can be attributed to the significant growth of investments in Great Britain, by 36 percent in the last year.

German hotels have greatly improved their market position last year, and the investors are drawn by the good conditions for investment financing. Spain is followed by France on the list, and Poland and the Czech Republic have also made the top ten. Greece is in the 11th place.

Croatia did not make the top 13 list, nor was it mentioned in the report, just like some other popular Mediterranean destinations, such as Cyprus or Montenegro. The majority of the investors surveyed are interested in transit cities or capitals, some 16 percent in smaller towns, and only 9 percent in resorts, mostly on the coast.

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