"Hospitality sector facing a short-term adjustment. The number of annual overseas visitors to Japan has risen for the eighth consecutive year, marking YoY growth of 2.2% for 2019. Unfortunately, the goal of 40 million visitors in 2020 appears out of reach."

"A strong bounce-back in tourism across Egypt in 2018 has provided significant growth opportunities in the country’s hotel market"

"Changing consumer spend habits and expanding international travel is helping to build the profile of numerous emerging European hotel markets"

"Larger operators have gained significant ground in developing pan-European portfolios, yet the market remains disparate meaning that there is everything still to play for"