Introduction
In the dynamic world of real estate, the hotel sector is emerging as a lucrative investment opportunity, particularly in Europe and Saudi Arabia. The European hotel investment market is poised for significant growth this year, with a staggering 90% of investors planning to maintain or increase their capital investment in the sector, according to CBRE's 2024 European Hotel Investor Intentions Survey.
This renewed investor interest can be attributed to strong trading results, the continued expansion of the travel and tourism sector (reaching pre-pandemic levels this year), and the stabilization of interest rates.
The hotel market in Saudi Arabia is also experiencing strong growth, further expanding the scope of the hotel real estate market. Looking ahead, the hotel real estate landscape in Europe and Saudi Arabia promises to offer exciting opportunities and potential for investors and stakeholders.
Stay tuned to our gazette for more information and updates on this thriving sector.
Gazette Insights
Looking at steps employers should be taking in advance of October 2024, when employers will be under a new duty to prevent sexual harassment. Also, taking into consideration the potential further strengthening of the existing protection for workers against sexual harassment in light of the Labour party’s plans.
The impending change in legislation in respect of the distribution of tips and gratuities, which will drastically change how a number of employers operate in this area. The Employment (Allocation of Tips) Act 2023 passed through Parliament last year and seeks to introduce “measures to ensure tips are distributed fairly”; and to ensure that it is “transparent to workers how tips in a workplace are treated”.
