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RESEARCH
Market research, by region
We publish the numbers a hotel investment decision actually turns on, organised by market. Every figure is taken directly from government statistics or third-party published research. Where a figure could not be verified, we say so — we do not fill the gap with an estimate.
REPORTS
Available research
Each report is revised annually. The summary edition is available for an email address alone.
METHOD
How these reports are built
Every figure is sourced
Figures are taken directly from government statistics and third-party published research. Each exhibit carries its source so you can go back to the primary document.
What cannot be verified is not written
Where a published figure could not be confirmed, we mark it unverified. Filling the gap with an estimate would hide the difference in reliability between one number and the next.
The case against is included
Material that works against the conclusion appears in the same document — interest rates, supply, currency. We do not leave the headwinds out.
Judgement is separated from fact
Rating marks are stated as the analyst's judgement, and the figures behind them are always shown alongside.
The research published here is provided as reference material for investment decisions and is not a solicitation of any specific transaction. It is not a real estate appraisal; where an appraisal is required, please consult a licensed appraiser.
CONTACT
Request the full report.
We provide it once we know who you are and which markets you are looking at. Research-only engagements are also available.