Global Hospitality Report (November 14, 2016)

India - 2016 Hotel Development Cost Survey 
By Rishabh Thapar and Achin Khanna

The survey provides benchmarks of hotel development costs across different positioning based on a sample set of 180 hotels. It also defines the profile of hotels by key attributes and presents a breakup of development costs into major categories.

Canadian Lodging Outlook Quarterly 2016-Q3 

This is a time of contrasts in the Canadian Lodging Market. Resource based markets are suffering due to low oil prices, however leisure markets, most particularly in Luxury and Resort markets are benefiting from demand induced by the low-oil Loonie.

HVS Market Pulse: Branson, MO 
By Justin Westad

Located in the Lakes Area of the Ozark Mountains, Branson has long been famous as a tourism destination for seniors. New amusement parks and sports venues, however, are drawing families and millennial travelers to Branson hotels.

Historic Sydney Buildings to Be Transformed into World-class Luxury Hotel  

One of Sydney's most iconic sandstone landmarks, that has been closed to the public since 1800s, will be transformed into a world-class luxury hotel. The heritage-listed 'Sandstones' on Bridge Street in Sydney's CBD, which were reserved as government offices, are due to undergo a AUD300 million redevelopment in 2017. Back in September 2015, one of Singapore’s largest property developers – Pontiac Land Group, attained development rights for these two highly sought-after buildings. They will reportedly pay the NSW government AUD35 million for the 103-year lease. Designs for the buildings unveil plans for a ground-level retail, dining, rooftop salon and more than 250 hotel rooms and suites. To be completed by the end of 2020, the hotel development is expected to deliver a boost to the NSW economy by yielding more than AUD185 million over the next 20 years and creating 350 new jobs. This is also anticipated to help increase overnight visitor expenditure from AUD18.3 billion in 2009 to achieve the AUD36.6 billion target by 2020.

AccorHotels to Acquire Stake in 25hours Hotels  

AccorHotels is to acquire a 30% stake in the capital of German group 25hours Hotels, which currently operates eight boutique properties across Germany, Austria and Switzerland. AccorHotels will form a strategic alliance with 25hours and work to expand the brand globally. 25hours’ chief executive officer, Christoph Hoffmann, will continue to run the group. “Through this partnership, AccorHotels is investing further in one of the fastest growing segments in the industry and enriching its offer to achieve scale in this segment. Today, we are going one step further in our strategy to be a global leader in lifestyle hotels,” said Sébastien Bazin, chairman and chief executive officer of AccorHotels.


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