Global Hospitality Report (November 20, 2017)

HVS Key Takeaways: CHICOS 2017 
By Kristina D'Amico and Kristin Rinaudo

Attendees came together this November to attend HVS’s 7th annual Caribbean Hotel Investment Conference and Operations Summit (CHICOS), hosted at the Fairmont Hamilton Princess in Hamilton, Bermuda.

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Market Pulse: Hotel Demand Takes Flight at LAX 
By Jessica White

Robust passenger volume at Los Angeles International Airport (LAX), a new stadium, and strong corporate demand should elevate the market to new heights.

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Market Pulse: Raleigh, NC 
By Janet Snyder, MAI and Mike Bendert

Raleigh’s economy and hotel landscape continued to grow in 2016, despite controversial government measures that affected the entire state. Hotel supply expands to meet demand, and 2017 is expected to be generally positive for the lodging industry.

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Canadian Lodging Outlook Quarterly 2017-Q3 

A year that is shaping up with RevPAR growth levels that Canada has not witnessed in over 10 years. The Halifax/Darmouth market is leading the pack!

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Fujita Kanko Enters Indonesia with Cikarang Serviced Apartment 

Japan’s leading hotel and tourism company, Fujita Kanko Inc., has announced its expansion into Indonesia with its first serviced apartment in the nation. Located in Cikarang, part of Greater Jakarta, the construction is set to commence soon, with a scheduled opening in the fall of 2019. The serviced apartment which has yet to be branded will provide 214 guestrooms under three categories, with configurations suited for both single guests and families. Additional facilities will include a restaurant, a gym, a club lounge and a Japanese-inspired spa with outdoor bath. Currently also being developed in Cikarang is Kota Jababeka, which is set to be the largest industrial park in Southeast Asia. The area is attracting an increasing number of international companies setting up their Indonesian offices. While Fujito Kanko has over 70 properties in Japan, the company has only recently expanded into external markets, with hotel developments such as Hotel Gracery Seoul and Hotel Gracery Taipei set to open in 2018 and 2019 respectively. 

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