Lucrative business

Amsterdam is expected to remain in the top ten of best performing cities in the hotel industry in Europe. In its industry report, the “European cities hotel forecast”, PWC states that it expects hotels in most major cities to perform well in 2015. Only Geneva, Moscow and Zurich should prepare for deteriorating results. Due to improving economic conditions and a resulting increase in corporate travel, PWC expects the industry fundamentals in Amsterdam to improve even further. The RevPAR (revenue per available room) is expected to increase to 3,6% in Amsterdam, which would make the Dutch capital the 7th best performing city in Europe on RevPAR. Occupancy rates in Amsterdam are also expected to remain high – with almost 80% – according to PwC. 

Booming sector

Amsterdam stands out as one of the few cities with a significant amount of new hotel rooms to be added this year. The new Hyatt Regency hotel is scheduled to open in 2015, while the W Hotel chain is also expected to make its Dutch debut in Amsterdam this year. In the last few years, Amsterdam has proven to be a highly attractive location to invest for hotels operating in the top segment of the market. In 2014, the legendary Waldorf Astoria opened a 94-room hotel on the prestigious Herengracht canal. Hyatt opened its first Andaz Hotel in Amsterdam in 2012.