The sheer weight of capital in Japan suggests that international hotel investment beckons. Jones Lang LaSalle Hotels’ recently released FocusOn research highlights that while it may not be possible to identify a single catalyst, momentum is building and, once the switch is tripped, there will be a domino effect across sectors, geographies and investor types.
The global credit markets shakeout has had little impact on sentiment for hotel investment in Asia Pacific with total hotel transaction volume increasing by 90.2% over 2006 to reach US$11.6 billion to date during 2007. Jones Lang LaSalle Hotels’ recently released Hotel Investor Sentiment Survey (“HISS”) highlights investors’ ongoing enthusiasm for the hotel sector in both Australia and throughout Asia Pacific. Hotel transaction activity in Australia has reached AU$1.4 billion for 2007 year to date, surpassing the 2006 total of AU$1.2 billion.
Smith Travel Research (STR) is the recognized leader in providing accurate, actionable information and analysis to the lodging industry. Since 1985, the company has served the industry operating on the key principals of integrity, confidentiality and customer service. STR provides timely information and analysis to all major North American hotel chains and a growing number of chains in Europe and Asia. Individual hotels, management companies, appraisers, consultants, lenders and other lodging industry analysts also rely on STR data for the accuracy they require.
Smith Travel Research (STR) is the recognized leader in providing accurate, actionable information and analysis to the lodging industry. Since 1985, the company has served the industry operating on the key principals of integrity, confidentiality and customer service. STR provides timely information and analysis to all major North American hotel chains and a growing number of chains in Europe and Asia. Individual hotels, management companies, appraisers, consultants, lenders and other lodging industry analysts also rely on STR data for the accuracy they require.
The number of hotel rooms under construction or likely proposed has increased by 40% since March 2007 - albeit off a small base. According to Jones Lang LaSalle Hotels’ most recent National Hotel Development Register, a significant uplift in the number of proposed projects in Australia’s major markets has boosted the hotel development pipeline to over 6,000 rooms.
While the month of November began with heightened activity in Paris, largely due to the trade show Batimat, the public transportation strikes had a negative impact on results. | During the strikes, occupation rates decreased by 3.2 points in Paris. Given the average price level traditionally reached during this period, the loss estimated for the period is estimated at 6 million euros for Parisian hotels. | Despite the impact, these events do not question the sector’s success. The year 2007, as predicted by MKG Hospitality at the beginning of the year, will result in record numbers.
Smith Travel Research (STR) is the recognized leader in providing accurate, actionable information and analysis to the lodging industry. Since 1985, the company has served the industry operating on the key principals of integrity, confidentiality and customer service. STR provides timely information and analysis to all major North American hotel chains and a growing number of chains in Europe and Asia. Individual hotels, management companies, appraisers, consultants, lenders and other lodging industry analysts also rely on STR data for the accuracy they require.
Smith Travel Research (STR) is the recognized leader in providing accurate, actionable information and analysis to the lodging industry. Since 1985, the company has served the industry operating on the key principals of integrity, confidentiality and customer service. STR provides timely information and analysis to all major North American hotel chains and a growing number of chains in Europe and Asia. Individual hotels, management companies, appraisers, consultants, lenders and other lodging industry analysts also rely on STR data for the accuracy they require.
Smith Travel Research (STR) is the recognized leader in providing accurate, actionable information and analysis to the lodging industry. Since 1985, the company has served the industry operating on the key principals of integrity, confidentiality and customer service. STR provides timely information and analysis to all major North American hotel chains and a growing number of chains in Europe and Asia. Individual hotels, management companies, appraisers, consultants, lenders and other lodging industry analysts also rely on STR data for the accuracy they require.
Smith Travel Research (STR) is the recognized leader in providing accurate, actionable information and analysis to the lodging industry. Since 1985, the company has served the industry operating on the key principals of integrity, confidentiality and customer service. STR provides timely information and analysis to all major North American hotel chains and a growing number of chains in Europe and Asia. Individual hotels, management companies, appraisers, consultants, lenders and other lodging industry analysts also rely on STR data for the accuracy they require.
Presentation made during The fourth annual Hospitality Leadership Forum in New York (10 November 2007). U.S. Lodging Industry Summit Panel. This forum offered information on seasonal performance and future trends, forming a complete picture, to help hoteliers plan strategies as the industry continues to find its footing in a recovering economy.
The U.S. lodging industry recorded its best year ever in 2006, posting pretax profits of $26.6 billion, according to the American Hotel & Lodging Association Lodging Industry Profile. And now we look to be coming toward the close of yet another record-setting year in the hotel business. But with rumblings of a potential decline in the United States’ economy, PKF Hospitality Research recently released a special econometric analysis that measures the impact a hypothetical recession would have on U.S. hotels.
Smith Travel Research (STR) is the recognized leader in providing accurate, actionable information and analysis to the lodging industry. Since 1985, the company has served the industry operating on the key principals of integrity, confidentiality and customer service. STR provides timely information and analysis to all major North American hotel chains and a growing number of chains in Europe and Asia. Individual hotels, management companies, appraisers, consultants, lenders and other lodging industry analysts also rely on STR data for the accuracy they require.
Smith Travel Research (STR) is the recognized leader in providing accurate, actionable information and analysis to the lodging industry. Since 1985, the company has served the industry operating on the key principals of integrity, confidentiality and customer service. STR provides timely information and analysis to all major North American hotel chains and a growing number of chains in Europe and Asia. Individual hotels, management companies, appraisers, consultants, lenders and other lodging industry analysts also rely on STR data for the accuracy they require.
Smith Travel Research (STR) is the recognized leader in providing accurate, actionable information and analysis to the lodging industry. Since 1985, the company has served the industry operating on the key principals of integrity, confidentiality and customer service. STR provides timely information and analysis to all major North American hotel chains and a growing number of chains in Europe and Asia. Individual hotels, management companies, appraisers, consultants, lenders and other lodging industry analysts also rely on STR data for the accuracy they require.
HVS HWE Pipes Inchydoney Aboard The Dolce Frégate | How fortunate it is that the Dolce Frégate should stand in a vineyard, for there is much to raise a glass to. Cheers HVS Hodges Ward Elliott for advising the Dolce International/AEW Partners joint venture in the sale of the hotel and two adjoining golf courses. HVS HWE has sold 20 hotels in Europe this year. Sláinte mhaith Inchydoney Partnership for paying an undisclosed sum for the 133-room, four-star hotel in St-Cyr-sur-Mer, southeastern France. The Irish private equity fund certainly has a nose for a Dolce: this is the third hotel with that label that the company has bought in the last 18 months.
Smith Travel Research (STR) is the recognized leader in providing accurate, actionable information and analysis to the lodging industry. Since 1985, the company has served the industry operating on the key principals of integrity, confidentiality and customer service. STR provides timely information and analysis to all major North American hotel chains and a growing number of chains in Europe and Asia. Individual hotels, management companies, appraisers, consultants, lenders and other lodging industry analysts also rely on STR data for the accuracy they require.
Smith Travel Research (STR) is the recognized leader in providing accurate, actionable information and analysis to the lodging industry. Since 1985, the company has served the industry operating on the key principals of integrity, confidentiality and customer service. STR provides timely information and analysis to all major North American hotel chains and a growing number of chains in Europe and Asia. Individual hotels, management companies, appraisers, consultants, lenders and other lodging industry analysts also rely on STR data for the accuracy they require.
Smith Travel Research (STR) is the recognized leader in providing accurate, actionable information and analysis to the lodging industry. Since 1985, the company has served the industry operating on the key principals of integrity, confidentiality and customer service. STR provides timely information and analysis to all major North American hotel chains and a growing number of chains in Europe and Asia. Individual hotels, management companies, appraisers, consultants, lenders and other lodging industry analysts also rely on STR data for the accuracy they require.
Smith Travel Research (STR) is the recognized leader in providing accurate, actionable information and analysis to the lodging industry. Since 1985, the company has served the industry operating on the key principals of integrity, confidentiality and customer service. STR provides timely information and analysis to all major North American hotel chains and a growing number of chains in Europe and Asia. Individual hotels, management companies, appraisers, consultants, lenders and other lodging industry analysts also rely on STR data for the accuracy they require.