Amsterdam’s real estate and hospitality sector is flourishing. Average room rates are among the highest in Europe. Amsterdam is a popular destination for tourists as well as for business guests and the city offers a wide range of events and business destinations.
Find out why hotel chains such as Waldorf Astoria, Hilton and Starwood Hotels & Resorts Worldwide have picked Amsterdam and why many innovative hotel concepts such as The Student Hotel, the Volkshotel or CitizenM thrive here, too.
Conditions in Amsterdam are perfect for international investors in properties: real estate is competitively priced at the moment, and the city hasn’t lost its charm for either tourists or international businesses. The Grand and the Waldorf Astoria have been able to open their hotels in magnificent historical buildings. Other entrepreneurs choose to transform existing buildings into compelling new concepts – like the Sir Adam Hotel, located in the A’DAM tower, a former Shell office. The City of Amsterdam is very accommodating to new hotel initiatives that add to the attractiveness of the city.
“This is an inspiring place in every way.” – Michael Levie, CitizenM
World-famous cultural attractions such as the Rijksmuseum, Amsterdam’s canal ring and the Anne Frank House continue to draw tourists to the city. Amsterdam is also a very popular destination for international conventions and therefore attracts many business visitors. This results in a very healthy hotel market with high occupancy rates of around 75% and a RevPAR (revenue per average room) that increased by almost 3% to €93.30 in 2013.
“Especially for young people, Amsterdam is the place to be. They want to live and work here because the work-life balance of this city is such a unique experience.” – Darren Huston, Booking.com
Amsterdam is home to many internationally oriented service providers that have specialised in the hospitality sector. And when setting up here, finding qualified personnel is quick and easy, as the Amsterdam Metropolitan Area is home to outstanding hotel management schools and Amsterdam is the largest Anglophone city in continental Europe.