e.tulliez

💸 Global wealth has surged since 2000, growing at a compound annual rate of 3.4%, despite a 2022 dip. In 2023, the EMEA region led the rebound, while 2024 highlighted North America's growth, supported by a stable US dollar. The US and China comprise over 50% of personal wealth in 56 markets, with disparity between regions. UBS's Global Wealth Report indicates a steady decline in those with under $10,000 and anticipates continued growth this decade.

📈 9 million square meters of office space were vacant in France in 2024. Of these, 2 million were structurally vacant, based on BNP Paribas Real Estate’s barometer. As hotel asset supply lags behind demand across Europe, office owners are considering alternative uses. Meanwhile, hotel investors are seizing opportunities to develop new destinations.

🏨 In 2019, The Standard London transformed Camden Town Hall into a hotel. Madame Rêve followed in 2021 in the La Poste du Louvre. By 2025, over 20% of the workforce adopted remote work, prompting hotel conversions of abandoned office spaces. Savills highlights the economic benefits: hotels bolster local economies, sustain employment, and generate tax revenue. Hotel conversions align with ZAN and ESG goals, offering investors resilient, eco-friendly opportunities with lower environmental impacts than new builds.

📈 December 2025, global hotel industry: Strategic growth through disciplined capital and targeted branding. Operators balance portfolio optimization amidst varying regional trends with new openings and asset transitions.