Top multiplier 18 for hotels in Hanover
As a trade fair location with traditionally many business travelers, the crisis has had a noticeable impact on the hotel market in the city of Hanover. The weak key figures from the first Corona year 2020 have fallen even further in 2021. The room occupancy rate did not reach 30 %, and the average room rate dropped below the pre-crisis level by around 30 %. The gross rent multiplier for hotel properties is currently up to 18 in Hanover.