Global Hospitality Report (June 15, 2015)

HVS Design and JN+A Release 2015 Hotel Cost Estimating Guide for USA 

HVS Design and Jonathan Nehmer + Associates (JN+A) are proud to announce the completion of the 2015 Hotel Cost Estimating Guide. The Guide is a comprehensive listing of capital expenditure construction and FF&E costs for hotel renovations in the USA.

Low Oil Prices and Oil-Dependent Canadian Lodging Markets 
By Jason Wight

This article helps investors understand four types of oil-dependent lodging markets in Canada.

Understanding Online Distribution Channels 
By Juan Duran

This article covers the importance for hotels to invest in three online distribution channels – the website, Global Distribution Systems, and Online Travel Agents – to retain guests, improve hotel positioning, and gain a competitive advantage.

Five Key Takeaways | 2015 NYU International Hospitality Industry Investment Conference 
By Daniel McCoy, MAI, Sara Olson, MAI and Dorothy Jennings

Encouraging news about hotel demand, investment, and new supply inspires optimism at this year’s hospitality conference.

Singapore Tourism Performance Update Q1 2015 

Following a record-setting year with 15.6 million tourist arrivals in 2013, Singapore’s visitor arrivals declined 3.0% in 2014 and have continued to decline in the first quarter of 2015. From January to April 2015, Singapore received 4,850,856 international visitor arrivals, a 5.4% decline over the same period in 2014. Leading the decline are Singapore’s top four feeder markets, namely Indonesia (-14.4%), China (-3.1%), Malaysia (-5.7%) and Australia (-9.4%). On the other hand, growth in visitor arrivals from India and South Korea, Singapore’s fifth and eighth largest feeder markets, remain encouraging at 3.4% and 9.9% respectively. The drastic decline in Indonesian arrivals may be attributed to a combination of reasons including a weakening rupiah which discourages international tourism, increased competition from domestic destinations, and decreased air connectivity as a result of AirAsia’s aviation incident which prompted safety investigations, leading to the cancellation of several weekly flight services between Bandung, Surabaya and Singapore in January 2015. To boost arrival trends, Singapore Tourism Board launched a US$20 million global marketing campaign last month, targeting key markets such as Indonesia, China and India.

Crowne Plaza Amsterdam Sold  

Acting on behalf of Host Hotels & Resorts' European Joint Venture, HVS Hodges Ward Elliott has completed the sale of the 270-room Crowne Plaza Amsterdam for a price of €106.2 million, which includes the FF&E reserve.


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