Hungarian hospitality hit badly by pandemic

Hotels
HUNGARY The number of nights spent by foreign guests in Hungarian hotels and other commercial board slumped by 68 pct y-o-y in March, chiefly due to the pandemic, according to the latest figures from the Hungarian Central Statistical Office (KSH).
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Nights stayed by domestic guests also fell sharply – by 61 pct, while the number of domestic guests themselves shrank by 64 pct and foreign guests by 74 pct. In total, 107,000 foregin guests spent 316,000 nights in commercial accommodation in March and 166,000 domestic guests spent was 381,000 nights. The gross revenue from these stays was 60 pct down y-o-y to HUF 14 bln (EUR 39.5 mln).

The number of Russian and Ukrainian guests was less than half that of March 2019, while for the rest of Europe the figure was around a third of that month’s and less than a quarter for Asian guests.

Latest news

Retail & leisure

Poland A time of rising cost pressure

schedule 10 February 2026
Opr./edited by AH

The year 2026 promises to be a time of change for the Polish retail real estate market, according to the latest 'Trends Radar' report from  Cushman & Wakefield.

Human resources

Europe Change at the top for ULI Europe

schedule 10 February 2026
Opr./edited by AH

The Urban Land Institute (ULI) has appointed Simon Durkin as Chief Executive Officer Europe, ULI, succeeding Lisette van Doorn, commencing early March 2026.

Office & mixed-use development

Poland Green Caffè Nero moves to Saski Crescent

schedule 10 February 2026
Opr./edited by AH

The Green Caffè Nero coffee shop chain has relocated its offices to the Saski Crescent building in central Warsaw. The company has taken up 960 sqm.

Residential

Poland Cavare and Urban Partners team up

schedule 10 February 2026
Opr./edited by AH

The NSF VI fund, managed by Urban Partners, has signed a forward funding agreement with Cavare, a subsidiary of the Cavatina Group. The financing includes the purchase of a site on ul. Jana z Kolna in Gdańsk, where Cavare is to develop a PRS development on behalf of the fund.

Office & mixed-use development

Poland Hoerbiger to move to SOHO

schedule 10 February 2026
Opr./edited by AH

International engineering firm Hoerbiger has leased nearly 200 sqm of office space in SOHO by Yareal in Warsaw on the ground floor of the Rubin building. The company is to officially move in in May this year.

Warehouse & industrial

Poland Ingram Micro renews lease with MLP

schedule 10 February 2026
Opr./edited by AH

Ingram Micro, one of the leading global distributors of IT solutions and mobile devices, has renewed its lease at the MLP Pruszków II logistics centre, for around 8,200 sqm of modern warehouse and office space. The deal was brokered by CBRE.

Warehouse & industrial

Poland Olmed signs up with Panattoni

schedule 10 February 2026
Opr./edited by AH

Panattoni has signed an agreement with a new tenant for its urban development in Łódź. Olmed, which operates a pharmacy and online drugstore, has taken up 9,500 sqm of space in City Logistics Łódź VI.

Warehouse & industrial

Germany KPE to deliver 40,000 sqm near Dortmund

schedule 10 February 2026
Opr./edited by AH

Kajima Properties Europe (KPE) has broken ground on a new logistics project in Germany, a 40,000 sqm speculative warehouse development. The business acquired the 12.1 ha remediated brownfield site in Hagen near Dortmund, North Rhine-Westphalia, in December 2025.

Office & mixed-use development

Poland Tieto moves to studio A

schedule 09 February 2026
Opr./edited by AH

Tieto, a Scandinavian IT services company, will move into the Studio A office building on ul. Prosta in Warsaw.

Office & mixed-use development

Poland Low completions, more tenant activity

schedule 09 February 2026
Opr./edited by AH

The office market in Poland is seeing a significant decline in vacancy rates and increasing pressure on rental rates, particularly in prime central locations, according to Cushman & Wakefield's market summary for 2025. 

Office & mixed-use development

Poland Schibsted & Vend Polska stay in High5ive

schedule 09 February 2026
Opr./edited by AH

IT provider Schibsted & Vend Polska has extended its lease for 2,500 sqm of office space at the High5ive complex in Kraków. Advisory support during the renegotiations was provided to the tenant by Walter Herz.

Residential

Poland Develia teams up with Mosaic to build student hall

schedule 09 February 2026
Opr./edited by AH

Develia, under a joint venture agreement with Mosaic Poland Holding, will build a student residence with over 620 rooms, commercial premises, and supporting amenities.

Office & mixed-use development

Hungary GTC signs up UNIQA

schedule 09 February 2026
Opr./edited by AH

GTC, a leading investor and manager of commercial real estate in Central and Eastern Europe, has leased more than 6,000 sqm of office space to insurance provider UNIQA. The company is to move into the Centerpoint 3 building in Budapest’s business district in Q4 2026.

Warehouse & industrial

Poland Lease renewals now dominate

schedule 09 February 2026
Opr./edited by AH

2025 was a year of recovery for the Polish warehouse market. Total gross leasing activity reached over 6.8 mln sqm, the second-highest ever figure only surpassed by the figures from 2021. JLL has released its 2025 data for the warehouse and logistics real estate sector in Poland.

Office & mixed-use development

Poland Hines sells Wola Center

schedule 09 February 2026
Opr./edited by AH

Hines has sold the Wola Center office complex in Warsaw to Czech-based Trigea Fund. The property was previously held by Hines European Value Fund 1.

Exclusive

Understanding the building

schedule 09 February 2026
Eurobuild CEE

Many commercial buildings today operate using technologies that generate unnecessary costs and increase energy-related risks. Instead of simple, ad-hoc upgrades, a tailored approach based on audits, data, and a real return on the investment is gaining importance. What does such an approach look like in practice? Piotr Miodek, the vice-president of the Kabar Group, tells us all about this.

Investment & finance

CEE region Investment rebounds across CEE

schedule 06 February 2026
Opr./edited by AH

Central and Eastern Europe (CEE) marked a decisive turning point in 2025, moving from hesitation to execution as investment volumes surged to EUR 11.6 bln across the region’s six core markets, a 31 pct year-on-year increase according to the latest insights from Colliers. The rebound was driven by disciplined underwriting, stabilising pricing and the return of liquidity — increasingly led by domestic and regional investors.

Retail & leisure

Poland Another store for dm

schedule 06 February 2026
Opr./edited by AH

The dm drugstore chain has opened a new store in the Avenida Poznań shopping centre, on ul. Stanisława Matyi. This is the 75th dm location in Poland, the 12th in Wielkopolska, and the third in Poznań.

Office & mixed-use development

Poland Kraków the most important regional office market

schedule 06 February 2026
Opr./edited by AH

At the end of 2025, the stock of modern office space in Kraków came to 1.84 mln sqm, according to data from Savills.

Retail & leisure

Poland Lidl comes to Bohema

schedule 06 February 2026
Opr./edited by AH

A Lidl Polska store has opened in the mixed-use AFI Home Metro Szwedzka complex in Warsaw's Praga-Północ district, developed by AFI Poland, next to the entrance to the metro.

Latest in Hotels

schedule 05 February 2026

Mercure opens in Bucharest

Mercure, a brand owned by the Accor Group, has opened the Mercure Bucharest Cantemir in the centre of the city. The brand is also planning to debut in Oradea as well as in Khiva in Uzbekistan in 2026.

schedule 15 January 2026

Swissôtel opens in The Czech Republic

The Swissôtel chain has announced the opening of its first hotel in the Czech Republic in the spa town of Mariánské Lázně.

schedule 22 December 2025

AC Hotels to open in Port Praski

The façade of the Minter townhouse, in the Port Praski development in Warsaw, has been unveiled, restoring its Art Nouveau style.

schedule 18 December 2025

New look for Novotel Praha Wenceslas Square

The comprehensive renovation of the Novotel Praha Wenceslas Square has been completed. The work included 146 guestrooms, the lobby, the fitness centre, the swimming pool, the wellness area, and the conference room.

schedule 12 November 2025

Tourism set to boom around the Med

According to the report, Mediterranean and Southern European markets accounted for 44 pct of all inbound overnight tourist arrivals to Europe last year, according to the latest EMEA Hospitality report published by Colliers.

schedule 03 November 2025

Novotel comes to Croatia

Accor's Novotel brand is expanding in Southeastern Europe with the opening of Novotel Zagreb, the brand's first hotel in Croatia.

schedule 16 October 2025

Staycity to open first Aparthotel in Warsaw

Leading aparthotel operator Staycity Group and international investment firm Solida Capital has announced a strategic partnership for the development of a new Staycity Aparthotel in Warsaw, marking Staycity’s entry into the Polish market.

schedule 10 September 2025

Romanian hotels grow

 Occupancy rates increased by around 4 pct in the first six months of the year compared to the same period of 2024, according to a report by Cushman & Wakefield Echinox with the figures based on the STR data. The average daily rate (ADR) grew by circa 8 pct in local currency. This resulted in a spectacular 12 pct increase in RevPAR YTD 2025 versus 2024.

schedule 29 August 2025

Leonardo expands in JM Tower

Leonardo Hotels Central Europe will manage the entire JM Tower complex on ul. Grzybowska in Warsaw from October this year. Currently, the chain is only responsible for managing the section where the Leonardo Royal Warsaw hotel operates.

schedule 22 August 2025

Self service in Opole

The De Silva Inn Opole is now open. This is  Poland's largest fully self-service hotel with a usable area of around 4,000 sqm.

schedule 11 August 2025

Mercure comes to Transylvania

The Mercure Hotels & Resorts chain has opened its first hotel in Transylvania. The Mercure Alba Iulia has 118 rooms as well as modular meeting spaces.

schedule 07 August 2025

Redefining luxury

The value of the hotel and spa services market in Poland increased by 16.7 pct year-on-year in 2024, reaching PLN 7.8 bln. According to KPMG, this trend is consistent with the broader, global recovery of the tourism sector.

schedule 24 April 2025

Romanian hotel market continues to recover

The hotel market in Bucharest continued its recovery in 2024, in terms of RevPAR and occupancy rate, while the ADR has finally surpassed the milestone of EUR 100.

schedule 03 April 2025

Condo to be built on the Baltic

Peninsula Property has signed a contract with Doraco to build The Elements Resort, a condohotel in Dźwirzyno on the Baltic sea.

schedule 01 April 2025

Marriott plans to expand Four Points by Flex portfolio

Marriott International has announced plans to double its portfolio of Four Points Flex by Sheraton hotels across Europe by the end of 2026.

schedule 28 March 2025

Hotel brand makes further debuts

Handwritten Collection announces further expansion in Europe. The chain plans to open more than 10 new hotels in the coming months. The new Handwritten Collection hotels include the first hotel in Croatia in a historic building in Rijeka, a hotel in Debrecen, Hungary, and a hotel in Tirana, Albania.

schedule 05 March 2025

First Autograph in Croatia

Autograph Collection Hotels debuts in Croatia with The Isolano, Cres, Autograph Collection. Located in a pine grove overlooking the Adriatic Sea, the boutique hotel offers 49 guestrooms and suites.

schedule 31 January 2025

Alfa Group builds a hotel in redeveloped Bratislava Harbor

Hungarian Alfa Group is planning a EUR 36 mln investment project with a hotel function. The project will be located in the redeveloped port on the Danube in Bratislava.

schedule 13 January 2025

Mövenpick opens in Poland and beyond

Mövenpick has made its debut in Poland with the opening of two hotels – Mövenpick Grand Hotel Wrocław and Mövenpick Resort & Spa Karpacz. The brand has plans for further expansion in Europe.

schedule 16 December 2024

Hotel in the clouds

The first The Cloud One Hotel in Warsaw is set to open in the Upper One complex, offering over 360 rooms.

Read flipbook version

Edition 12 (304) December 2025

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