Despite the lifting of COVID-19-related travel restrictions in the Netherlands in March 2022, a little later than in other European cities, Amsterdam’s hotel sector experienced a strong recovery with year-to-May data indicating strong year-on-year growth, says hotel representative HVS. The duration of the strict measures imposed by the Dutch government the pandemic has resulted in little or nothing resumed in 2021, however, with the lifting of restrictions, visits to the popular Dutch city quadrupled in the first five months of this year compared to 2021, although still 40% below the pre-covid levels of 2019. The average rate is experiencing a physically powerful recovery with RevPAR for the months of May and June 2022, almost back to 2019 levels, according to the most recent Market Pulse, from global hotel consultancy HVS, which warns that the strong recovery of the locality is expected to continue.
A 2015 ban on new hotel developments in the city’s canal district pushed planned projects to more peripheral spaces and new restrictions a year later brought even stricter measures banning hotel development unless they were in designated spaces, which had a very broad long-term effect. manage the hotel pipeline. This, combined with the city’s continued popularity among business and recreational visitors, has kept Amsterdam’s hotel investment market one of the most liquid and active in Europe. “The data at the end of June 2022 describes the final appeal of Amsterdam whether it is its recreational and commercial call for bases,” commented report co-author Sophie Perret, Senior Director of HVS London. “We expect the post-pandemic recovery to continue, either in terms of functionality and transactions, as the city benefits from its strong core and well-diversified call resources.
“Hotel values have already started to be among the highest in Europe and remain among them and with strict restrictions on further advancements, with only a few hotels scheduled to open in the city in 2023/24, we expect Amsterdam to temporarily regain its position as one of Europe’s most sought-after hotel markets. ” Perret added.