Global Hospitality Report (February 20, 2017)

Industry Insights: Impacts of Major Brand PIPs 
By McKenna Luke, MAI and Dinaker Mallya

The increase of new supply across the United States, the aging condition of limited-service hotels, and an inconsistency of quality across branded hotels has required franchisors to create and implement new design standards.

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HVS Releases Q4 Manhattan Lodging Overview  

Manhattan’s extended recovery is expected to be aided by massive new neighborhood developments, a strong national economy, and, by extension, the wide array of leisure, commercial, and meeting and group demand generators in the borough. The chief hindrance to an accelerated recovery is the current supply pipeline through 2018 and its negative effect on average rate in the market, as has been demonstrated; however, supply growth is expected to slow beginning in 2019, tapering off significantly thereafter. The 2016 HVS Q4 Manhattan Lodging Overview provides detailed insight and data-rich graphs, charts, and tables in order to track the trajectories of hotel supply, demand, and performance.

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Canadian Lodging Outlook Quarterly 2016-Q4 

Canada’s lodging market had a robust year in 2016. There was a net increase of more than 4,000 new rooms which was more than absorbed with RevPAR up 5.0%.

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HVS Market Pulse: Pattaya, Thailand 
By Pawinee Chaisiriroj and Paola Orneli Bock

The following article provides an overview of Pattaya, its tourism industry, the recent dynamics of the local lodging market and a brief outlook of its future potential.

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Mantra Group to Manage to GURNER’s AU$600 Million ‘FV’ Project in Brisbane 

Mantra Group has secured management rights of the ‘FV’ Project, built by luxury property developer, GURNER. The management rights encompass 970 apartments across the project’s three towers, as well as portions of the 4,000 square meters of commercial space and leisure facilities, comprising proposed multiple food and beverage premises, conference and business facilities, numerous pools, private spa areas, a gymnasium, private dining and moonlight cinema areas, along with the expansive hotel-style rooftop amenity atop the third tower. To be managed under Mantra’s high-end ‘Peppers’ brand, ‘FV by Peppers’ will be the Mantra Group’s largest property in Australia and the second largest globally. The property will be located in Fortitude Valley, a vibrant and upcoming precinct in metropolitan Brisbane. ‘FV by Peppers’ is expected to launch later this year, upon completion of the project’s first two stages of construction in Q3-2017. 

HVS APAC HOSPITALITY NEWSLETTER.
Hispania Acquires the NH Malaga  

Spanish firm Hispania has purchased the NH Malaga in Spain for €41 million from NH Hotel Group. Hispania now plans to extend the 133-room hotel, in Malaga city centre, by a further 112 rooms by June 2019. NH will continue to manage the hotel.

HVS EMEA HOSPITALITY NEWSLETTER.

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