Global Hospitality Report (February 6, 2017)

Market Pulse: Colombo, Katunayake, Negombo – Sri Lanka 
By Hemangi Bhandari and Pooja Goel

On the eve of the 2nd edition of the THINC Sri Lanka conference, this article explores the historical performance and outlook for three key hotel markets in Sri Lanka, preceded by a snapshot of key macroeconomic and tourism statistics.

HVS Perspectives: Center Stage at ALIS 
By Tanya Pierson, MAI, Kasia Russell, MAI and Jessica White

For 2017, the highest RevPAR growth is anticipated for markets such as Sacramento, Washington D.C., Tucson, Chicago, Salt Lake City, Albuquerque, Houston, and Nashville, per the ALIS presentations.

HVS Market Pulse: Irvine, CA 
By Li Chen

Irvine has the most area of any city in California’s Orange County, yet the market offers only 16 hotels. New supply is arriving this year, a response to growing demand from Irvine businesses and demand generators outside the city.

HVS Market Pulse: Baytown, TX 
By Austin LaPoten

Billions of development dollars are at work in Baytown, Texas, including the massive Cedar Crossing Industrial Park, the largest on the Gulf Coast and the fifth largest in the world. As the energy market recovers, Baytown hotels stand to benefit.

Minor Hotels Debuts in India with the Oaks Bodhgaya in Bodhgaya, Bihar, India 

Minor Hotels marked its debut in India with the opening of the Oaks Bodhgaya in Bodhgaya, Bihar. Developed in partnership with GP Group and Top Travel & Tours for US$6.7 million, the hotel is situated seven kilometres south of Bihar’s Gaya International Airport. The Oaks Bodhgaya offers 78 rooms with base category rooms measuring approximately 30m2, an all-day dining restaurant, a 160-square-meter meeting room, a fitness centre and a rooftop space for meditation. Bodhgaya is one of the four pilgrimage sites related to the life of Gautam Buddha alongside Kushinagar, Lumbini and Sarnath, and is, therefore, one of the most popular pilgrimage sites in South East Asia.

Warwick Buys its First London Hotels 

Warwick Hotels and Resorts has purchased two hotels in London, UK, from the Capital Group for an undisclosed sum, marking the US-based group’s first hotel investment in the city. The newest additions to Warwick’s portfolio are the 49-room Capital and the neighbouring 12-room Levin hotel; the deal also included the London Bakery business (also part of the Capital Group). David Levin founded the Capital in 1970, and his daughter, Kate Levin, will continue to be general manager of the hotel. “Being a family business ourselves, we are proud to be able to conclude this transaction with the Levin family and to maintain the family spirit that characterizes the two groups,” said Warwick’s president, Richard Chiu.


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