Global Hospitality Report (June 30, 2014)

In Focus: Las Vegas Casino & Hotel Market Outlook 2014 
By Shannon Okada, MAI

Las Vegas is well positioned for growth with major new hotel openings in 2014. New gaming, arena, convention, and entertainment developments are also part of the city’s evolution and will define Las Vegas' future landscape.

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In Focus: Edinburgh Hotel Market 
By Harry Douglass

An overview of the hotel market in Scotland's capital, including the five-star, upscale and limited service segments.

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Katara Buys Five European Hotels 

Katara Hospitality has purchased five hotels in key European cities from a private investor for an undisclosed sum. The new additions to the Qatar-based group’s portfolio are the 343-room InterContinental Carlton Cannes, on the French Riviera; the 79-room InterContinental Amstel Amsterdam; the 302-room InterContinental Madrid; the 467-room InterContinental Frankfurt; and the leasehold interest in the 192-room InterContinental De La Ville Rome. “We will look to commit investment funds for necessary renovations or refurbishments, as we do across our portfolio,” said Hamad Abdulla Al Mulla, Katara’s chief executive officer. “Our typical renovation strategy brings an iconic hotel back to its full glory, combining its rich heritage with all the modern facilities required in a 21st-century hotel,” he added.

VIEW HVS EMEA HOSPITALITY NEWSLETTER.
A Unique Minsters’ Panel Is Scheduled To Feature At THINC Indonesia Conference In Bali 

Senior officials from the Ministry of Tourism and Creative Economy, Republic of Indonesia will come together at the Tourism, Hotel Investment & Networking Conference (THINC) Indonesia in September this year to discuss and debate some of the most important issues related to tourism in the region. The plenary session will focus on Indonesia’s tourism investment and development outlook, in addition to evaluating growth opportunities and addressing some of the critical challenges facing the tourism industry of the country.

REGISTER NOW FOR AN EARLY BIRD OFFER AT THINC INDONESIA 2014.
The Old Athens Airport Paves The Way For The Biggest, Most Innovative And Ambitious Tourism Development Opportunity In Europe 

HVS London Chairman, Russell Kett, helped make headline news this week at a press conference launching the redevelopment of the former Athens airport at Hellinikon at a cost of some 5.9 billion euros over the next 15 years. "This is a first-class opportunity for a world-class resort in Athens," said Kett. He added, "We envisage a major integrated resort, the first of its kind in Europe.” The announcement was picked up by TV and print media across the continent.

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