Crystal Liu

Director, Beijing, China

Ms Liu is a Director in the Beijing office.

Viewpoint

Beyond the final whistle: How mega sporting events transform cities 

As Europe’s most prestigious club football event approaches Budapest, attention is increasingly turning not only to the spectacle on the pitch, but also to the broader impact such mega sporting events generate for host cities. Today, football games such as the UEFA Champions League Final extend far beyond sport itself — serving as powerful catalysts for tourism growth, international visibility, infrastructure activation, and long-term economic development.

László Bene
László Bene
Director, Hungary
Report

Poland Hotel & Chains Report 2026

Poland’s hotel market is growing fast. The 2026 Horwath HTL Poland Hotel & Chains Report tracks 532 chain hotels operating 74,138 rooms across a total market of 2,629 properties. With chain penetration at 46% by rooms, international and domestic operators expanding, and a significant development pipeline ahead, Poland is firmly establishing itself as one of Central and Eastern Europe’s most dynamic hospitality markets.

Dariusz Futoma
Dariusz Futoma
Managing Director, Poland
Report

New Zealand Hotel Performance Focus April 2026

Despite ongoing geopolitical turmoil, New Zealand’s hotel sector delivered another strong month in April, with healthy RevPAR growth across the country’s key centres. Download the report below to read our full analysis and regional highlights.

Wim Ruepert
Wim Ruepert
Director, New Zealand
Report

Spain Hotel & Chains Report 2026 

The Spanish hotel sector continues to demonstrate strong resilience and adaptability, consolidating its position as one of the leading hospitality markets in Europe. Building on the strong post-pandemic recovery, the industry has entered a new phase characterised by sustained demand, increasing international visibility, and the progressive professionalisation of the sector.

Philip Bacon
Philip Bacon
Global Practice Leader Valuation Advisory, Spain
Viewpoint

The Industrialisation of Hospitality

When entering a hotel in Germany in the year 2000, guests would often still meet the owner personally at the reception desk. Today, check-in is frequently completed digitally via smartphone – efficient, standardised and in some cases without any direct personal interaction.

Christian Buer
Christian Buer
Managing Partner, Germany

Spirit is gone, fuel costs are rising and Mexico’s hotels are caught in the middle

The shutdown of Spirit Airlines delivers a major shock to Mexico’s tourism economy, removing one of the largest ultra‑low‑cost carriers serving the U.S.–Mexico leisure corridor at the same time global jet‑fuel prices are rising.

Paul H. Ingebretsen
Paul H. Ingebretsen
Asset Management Director, Mexico