Germany's hotel market is the envy of Europe after its strong recovery from the 2009 downturn, and given the lack of new supply, it is a hot target for investors looking to snatch up existing properties and international brands looking to expand their portfolio via conversions. Currently RevPAR in the country's primary markets is largely above pre-crisis levels, and VAT on overnight stays was cut last year from 19% to 7%. Looking ahead, PricewaterhouseCoopers projects RevPAR and occupancy levels will climb through 2012 despite uncertainty about Europe's economic recovery.
展开▼
