Hotel Development Costs 2009. Guidelines for New Hotel Projects in Central and Eastern Europe
Monday, May 25th, 2009This new report by KPMG provides an overview of the CEE tourism market, as well as offering insights into the costs, timeframes, challenges and financing issues of hotel developments in the CEE region. The following are its main conclusions:
1. The average development costs per hotel room range from €51,000 for a budget/economy hotel to €143,000 [...]