Global Hospitality Report (November 13, 2017)

Las Vegas Casino & Hotel Market Outlook 2017 
By Shannon Okada, MAI and Bomie Kim

Las Vegas had 42.3 million visitors in 2015, breaking the previous record set in 2014. The record for number of visitors was broken for the third consecutive year in 2016, with 42.9 million visitors.

Key Takeaways: Lodging Conference 
By J. Carter Allen

These are the key takeaways from the 2017 Lodging Conference.

Impact Studies 
By Heidi Nielsen

As brands continually add new product types to fill a niche, hotel operators are becoming more aware of the potential threats from within their brand family.

The Future of Casual Dining: What to Expect 
By Court Williams

The casual dining industry is losing market share as the popularity of Fast Casual, Quick Service and Fine Dining restaurant continue to grow revenue and consumer interest.

Meliá Hotels International Pens Management Agreement for 5 New Hotels 

Meliá Hotels International is on track to rapidly expand their Asia Pacific portfolio, with a distinct growth strategy that focuses on management agreements rather than acquisitions. With already 23 new hotels signed in the first three quarters of the year, the international hotel company is targeting another 30 new signings in the final quarter of 2017. The company has announced five new hotels that they have recently signed, which include the Meliá Xueye Lake, Meliá Chiang Mai, INNSIDE Bangkok Sukhumvit, Meliá Ba Vi Mountain Retreat and Meliá Bukit Tinggi. In China, the 120-key Meliá Xueye Lake will reside on Lake Xueye, which is surrounded by Ji’nan, Zibo, Tai’an and Laiwu. In Thailand, the 325-key Meliá Chiang Mai, scheduled to open in 2019, will represent the company’s first hotel in the Chiang Mai region. In addition, INNSIDE Bangkok Sukhumvit, slated to open in 2021, will be the company’s second property in Thailand’s capital. In Vietnam, the 100-key Meliá Ba Vi Mountain Retreat, with an expected opening in 2018, will sit in Ba Vi National Park, west of Hanoi. The final property, slated to open in 2022, is the 219-key Meliá Bukit Tinggi in Malaysia, situated close to near Kuala Lumpur International Airport.

Mövenpick to Move into The Hague  

Switzerland-based Mövenpick Hotels & Resorts has signed a lease agreement with German real estate asset manager Deka Immobilien for the Mövenpick Hotel The Hague in the Netherlands. The 72-room hotel is scheduled to open in 2019 and will be the group’s second hotel in The Hague and its fourth in the Netherlands overall. Additionally, Deka Immobilien has renewed the existing lease for the 408-room Mövenpick Hotel Amsterdam City Centre for more than 30 years. “Securing a lease for the Mövenpick Hotel The Hague not only bolsters our European expansion plans, but marks the first time we have signed a new hotel and renewed a lease for an existing hotel simultaneously,” said Olivier Chavy, Mövenpick’s president and chief executive officer.


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