Thanks Crowe Ireland for the summary!
We were delighted to attend the International Hospitality Investment Forum (IHIF) in Berlin, where nearly 3,000 industry colleagues gathered. This key industry event brings together the world’s leading hospitality investors, operators, and consultants to exchange insights and network over three days. Key industry takeaways from the event: ➡️ Dublin, Cork, Galway, and Belfast remain key targets for hotel investors, with several assets currently in play. Notably, Dalata Hotel Group is undergoing a strategic review, generating significant interest. ➡️ Ireland's minimum wage increase in January, along with the imminent pension auto-enrolment, continues to impact the hospitality sector. As a result, the industry is preparing for some turbulence in the year ahead, but Ireland's hospitality and tourism sector remains resilient and prepared. ➡️ Labour cost growth in Europe slowed in 2024, with GOPPAR increasing by over 7% year-on-year (5.69% YoY in the UK). However, UK NICs and other rising labour costs are set to make 2025 a more challenging year for the UK market. ➡️ Innovation, sustainability, food waste reduction, robotics, and CSRD Omnibus changes are top priorities for hospitality executives - on top of their core focus on running hotels and delivering exceptional guest experiences. We were delighted to participate in the event programme, which included the relaunch of the impressive Radisson Collection Hotel Berlin and various investor and stakeholder receptions across the city. Connect with Weldon Mather and our Horwath HTL team to learn how we can support your hospitality business. James Chappell Joe Stather Stephanie Henley Horwath HTL UK Adela Cristea Rahel Baur