Hotels are back in town

Few people now doubt that the hotel market in Poland is recovering. But as investors return to the market the main question is, where will the future growth be concentrated? Those who attended the 3rd CE Hotel Investment Conference were treated to a broad overview of the state of the market. Frédéric Le Fichoux, Cushman & Wakefield's head of hospitality for the CEE region, enthused that "the money's back". However, he also noted that the recovery was not uniform across the region. Although he described the Warsaw market as "mature", he also declared that "Bratislava is a dead market for me."Currently many three star hotels in Poland fulfil the criteria of four star hotels. All the participants in the day's first discussion, which was entitled 'Business Economy Hotels - New Trends' and moderated by Janusz Mitulski, a partner at Horwath HTL, noted how the standards of four star hotels are seeping down into the three star segment. As Krzysztof Potocki, president of the board of B&a