Global Hospitality Report (November 23, 2015)

South Florida’s Hospitality Real Estate Continues to Climb: Hotel Values Are Stronger Than Ever 
By John Lancet, MAI

Strong revenue metrics achieved in the Miami-Dade hotel market over the past few years have contributed to a strong ramp-up in transaction prices and values. HVS Miami's John Lancet, MAI, shares values and trends for the South Florida region.

Market Snapshot - Saipan 
By Daniel Voellm and Larissa Lam

A quick look at Saipan’s tourism industry and hotel performance as the market benefits from the recent boost of Chinese visitation.

The Budget Hotel Sector's Position in the Sharing Economy 
By Harry Douglass

The sharing economy – a product of four mega trends affecting today’s society: rising urbanisation, changing demographics, shifts in power and a digital revolution. This article discusses current and future trends for budget hotels in this economy.

Marriott to Become the World’s Biggest Hotel Company 

The US$12.2 billion deal in which Marriott International will acquire Starwood Hotels & Resorts, follows months of speculations about the bid target. Of all the rumored suitors – Hyatt Hotels Corporation, InterContinental Hotels Group and a few Chinese companies, including the recently-merged Jin Jiang Hotels and Plateno Group – Marriott had not been seen in the list. The acquisition will make Marriott the world’s biggest hotel chain, operating or franchising more than 5,500 hotels with 1.1 million rooms across the globe – approximately 50% more than the closest contender, Hilton. The combined company’s fee revenue for the 12 months ended 30 September, 2015, totals over US$2.7 billion. The transaction would enable US$200 million in annual cost savings in its second full year after closing by leveraging back-office and operational efficiencies. Industry experts believe that this deal could spark further industry consolidation, as hotel chains focus on size and scale to compete with each other as well as online travel agents and aggregator models that have disrupted the industry.

HVS to Host THINC Sri Lanka Conference in February 2016 

Sri Lanka, the ‘Emerald Isle’, is increasingly gaining significance in the global hospitality market as a key emerging destination in South Asia. Tourism in the nation holds tremendous potential for regional and global investors, owners, operators, lenders, developers, and other industry players. HVS is pleased to announce its inaugural Tourism, Hotel Investment & Networking Conference (THINC) Sri Lanka, which aims at attracting global attention to the country and creating value for all industry stakeholders with business interests in the region. The conference will emphasize on the country’s strong tourism potential by showcasing its growth and investment opportunities, while also addressing some of the critical challenges. The event is scheduled to be held on 10 and 11 February, 2016, at the Galle Face Hotel, Colombo, and will be co-hosted by the Sri Lanka Tourism Development Authority (SLTDA).


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