The year was particularly good for hotels in Eastern Europe, which bounced back from declining values in 2014 to reach a 5% increase that matched the European average for 2015. Hotels in northern and southern Europe saw the biggest growth in value per room. The city that saw the biggest rise in value terms was, for the second year running, Madrid, where hotels saw a 14% increase year-on-year. “RevPAR in Madrid is still significantly below its previous peak so there is still potential for hotel values in the city to grow further,” commented report author Constance Biria, HVS consulting & valuation analyst. Get the full story at Travel Daily UK