HVS In Focus: Amsterdam Hotel Market Update
The article presents an update on the hotel market in Amsterdam, discussing trends in tourism, hotel/hostel performance, and new supply along with investment characteristics and future challenges. Hotel developments in Amsterdam can be categorised into two distinct areas: the historic city centre and the areas outside the city centre. The former is tightly controlled in terms of hotel development and the government has only granted planning consent for five new hotel developments in the past eight years (Andaz, Art'otel, Waldorf Astoria, W, Hyatt Regency). We understand that except for 'new and unique' hotel concepts such as the Palace of Justice (luxury), which adds major value to the hotel offer, no new city centre schemes will obtain permission in the medium term.
