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Hotels in Amsterdam Benefit From Conferences

Despite economic recession hotels in Amsterdam show improved results thanks to not only numerous tourist attractions, but also well-developed conference infrastructure and overall city’s accessibility.

The report issued by HVS shows positive balance between leisure and business visitors, making Amsterdam accommodations quite resilient to negative consequences of uncertainty in the Eurozone. The city keeps attracting both visitors and investors, making the prospects for future growth fairly reachable.

The supply of rooms and hotels in Amsterdam increased by 3.2% and 6.7% respectively between 2003 and 2010. Four-star accommodations occupy the largest share in the hotel sector of the city with the share equal 36%. The increase of supply in this segment is also the biggest one – plus 6.3%.

Of course, such development of the market couldn’t have failed to attract investors to it. Within next two-three years a large number of additions are expected to open in Amsterdam. The majority of new hotels will be 4- and 5-star ones. Among these properties are internationally famous brands, for example, the 446-key Ramada hotel, the 94-guestroom Waldorf Astoria, the 122-guestroom Andaz, and the 330-guestroom Hyatt hotel.

Just like in many other major European cities, hotels in Amsterdam had to decrease their room rates in 2008-2009. The situation changed in 2010, when rates went up by 10%. We can expect this trend to continue as the hotel market of the city improves.

08.02.2012

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