Central and South America pipeline for June 2009 | STR Global
The Central/South American hotel development pipeline includes 147 projects with 21,539 rooms, according to the June 2009 STR Global Construction Pipeline Report released last week.
Reports
Asia/Pacific pipeline for June 2009 | STR Global
The Asia/Pacific hotel development pipeline includes 969 hotels with 227,567 rooms, according to the June 2009 STR Global Construction Pipeline Report released last week.
Caribbean and Mexico pipeline for June 2009 | STR Global
The Caribbean/Mexico hotel development pipeline includes 134 hotels with 17,663 rooms, according to the June 2009 STR Construction Pipeline Report released last week.
HVS EMEA Hospitality Enews - Week Ending 10 July 2009
Time For Six Campaniles | | Metromark Seeks To Buy Lundivar Hotels | The Ties That Bind: Starwood Capital And Golden Tulip Hospitality | InterContinental Tuned To BCC1 | Rotana Soft Opens The Afamia Rotana Resort | Art'otel To Live In Old Amsterdam | Double Blu And Double Park Inn Too | Copenhagen Invaded By Giant CabInn | A Welcome Break For Three Hotels | Hyatt Deletes The Global | Kiessling's Corner | The International Hotel Conference 2009
Chicago Hotel Industry Outlook: 2009 - 2012
While the national recession continued into the first half of 2009, the Chicago hotel industry, as with many major cities throughout the United States, continued to experience shrinking demand. Looking to the second half of 2009, some evidence suggests that the recession may be nearing an end and the pace of decline may be moderating in the hotel industry. This article examines several of the historical trends and future sources of supply and demand that are expected to shape the city of Chicago’s hotel industry performance during the next three to four years. Additionally, we present findings from our survey of hotel managers throughout Chicago. Based on this data, HVS developed projections of hotel demand, supply, and performance through 2012.
HVS EMEA Hospitality Enews - Week Ending 3 july 2009
Hungary For A Hard Rock Hotel | Meridia Capital Cools Down With A Lot of Lolly | Rezidor’s Royal Visit To Moscow | A New Scandic Hotel For Oslo | Portugal's First Crowne Plaza | A Recipe For Perfection | A Hilton To Reside In Qatar | Park Hyatt Says Hello To Saudi Arabia And Hilton Opens A New Garden Inn | A Four Points By Sheraton For Mauritius | Southern Sun Shines On Johannesburg | Kiessling’s Corner
Germany forecasts make tough reading | STR GLobal
Forecasts from the May 2009 Hotel Market Forecast report from STR Global, the leading provider of market information to the world’s hotel industry, indicate that average daily rate declines during the next 24 months across Germany’s major cities will be the main cause of the industry’s sluggish performance. Just as positive recent data from Germany’s Ifo business climate index on the prospects for the German economy is tempered with on-going fears of further job losses, limited improvements in hotel occupancy during the next two years are offset by the rate declines. See the chart below. Even in those cities such as Hamburg and Munich where there are expectations of modest increases in occupancy of up to 2 percent and 3 percent in 2010, respectively, the forecasted decreases in room rate are 6 to7 percent.
HVS EMEA Hospitality Enews - Week Ending 26 June 2009
Principal Hayley Appears At The New Connaught Rooms | Plenty More Choice In Stockholm | Heathrow Lands Europe's Largest Holiday Inn Express | Park Inn Heads For Tete, Mozambique | Mövenpick's Adventures With Ulysse Will End In November | Macdonald Hotels Takes Full Ownership Of Aviemore Highland Resort | Kiessling's Corner | Save Time And Money At The International Hotel Conference
STR reports U.S. performance for May 2009
The U.S. hotel industry posted declines in all three key performance measurements during May, according to data from STR. In year-over-year measurements, the industry’s occupancy fell 11.8 percent to end the month at 55.7 percent. Average daily rate dropped 9.8 percent to finish the month at US$97.03. Revenue per available room for the month decreased 20.4 percent to finish at US$54.05.
Industry posts record room revenue in 2008, other indicators slide | STR Reports
The U.S. hotel industry average daily rate reached a record high, ending 2008 at US$106.55, but Pre-Tax Income Profits for the year were down 7.9 percent to US$25.8 billion, according to STR’s Hotel Operating Statistics (HOST) Study.
China: Stringent policies prolong development process | hotelnewsnow.com
China offers hotel developers a huge market and an increasing middle class, both of which are advantages to those willing to put down roots in the country. With a population of more than 1.3 billion, China provides a massive potential outbound market, said Damien Little, director for Horwath HTL, an international consulting agency with an office in China. “All the major players not only want to accommodate the Chinese at home and get their brands top of mind, they also have their eye on the fast-growing outbound tourists from China and want their hotels to be the first choice of the Chinese when overseas and to get the Chinese enrolled in their loyalty programs,” he said.
India: Emerging fundamentals fuel investor interest | hotelnewsnow.com
Hotel companies looking for a market with high demand from business and leisure travelers, a growing middle class and a severe shortage of existing hotels need look no further than India. The recognition of the economic merits of tourism has been a slow progress that didn’t take hold until the mid to late 1990s, said PR Srinivas, lead, tourism, hospitality & leisure for Deloitte.
HVS EMEA Hospitality Enews - Week Ending 12 June 2009
Missoni Accomplished In Edinburgh | Flagship Park Inn Launched In Manchester | Fortuna Smiles On Courtyard by Marriott | Abu Dhabi Sustains Jinan's First Hotel | Now Picture Essque In Africa | Arora Will Finally Get To Open At The Oval | Accor Sells A 4% Stake In Club Med | Interval International Affiliates Sicilian Resort | Kiessling's Corner | The International Hotel Conference 2009
U.S. hotel industry enters 19th month of recession
This morning, the economic research firm e-forecasting.com, in conjunction with STR, announced that following a decline of 1.1 percent in April, HIP declined 1.3 percent in May. HIP, the Hotel Industry Pulse index, is composite indicator that gauges business activity in the U.S. hotel industry in real-time. The latest decrease brought the index to a reading of 83.1. The index was set to equal 100 in 2000.
HVS EMEA Hospitality Enews - Week Ending 5 June 2009
Lisbon’s Lapa Palace Under New Ownership | KLP Fastigheter AB Buys A Slice Of Viking Royalty | Desires Hotels To Go Global | Hilton Hotels Corporation Plans to Plant a Garden In Norwich | A New Radisson Blu Springs Up In Turkey | Two UK Hotels For Sale | Kempinski's Hat-Trick | InterContinental Hotels Group's Adventures in Africa | Kiessling’s Corner
Frankfurt Benefits From Trade Fair | STR Global
Positive hotel performance news comes from Frankfurt, the city of trade fairs: Recent data from STR Global, the leading provider of market information for the world’s hotel industry, shows the direct impact of trade fairs on the region during recent weeks. Both the Musikmesse and ProLight + Sound fairs took place in Frankfurt on 1-4 April this year, rather than in March as in previous years. This explains the positive change in year-on-year revenue per available room (RevPAR) for the region as seen on the left-hand side of the chart below. Similarly for Wiesbaden, the peak around 18 April coincides with the start of the Internistenkongress, which was also held in March last year. It must be noted that performance in March suffered as these fairs moved forward in the calendar.
Survey Finds Hotel Investor Confidence “Shaken, But Not Broken’
The impact of a recent deterioration in Australian and New Zealand hotel trading conditions, combined with a continuation of adverse capital markets for all categories of real estate have been highlighted by the findings of a leading hotel industry survey. However the survey also revealed some surprising findings that provide cause for hope in the investment outlook.
US results for 17-23 May 2009 | STR
The U.S. hotel industry posted declines in all three key performance measurements during the week of 17-23 May 2009, according to data from STR. In year-over-year measurements, the industry’s occupancy fell 11.1 percent to end the week at 59.4 percent. Average daily rate dropped 9.3 percent to finish the week at US$98.31. Revenue per available room for the week decreased 19.4 percent to finish at US$58.39.
HVS EMEA Hospitality Enews - Week Ending 29 May 2009
Hilton Helps Itself To A Slice Of Turkey | It’s No Hassle For Roberto Wirth | One Plus Two Makes Three | Hotel Development To Make A Splash On The Banks Of The Thames | Anantara To Debut In Oman | Here Comes The Sun To Nigeria | Interval International Takes A Break In South Africa | The International Hotel Conference 2009 | Kiessling’s Corner
Don't Try To Time The Market
The silverlining of an economic downturn is the great buying opportunity it creates for those with capital to invest. This down cycle is developing into what will probably become one of the best times to acquire hotels since 1991. The difference this time is the current recession wasn't preceded by overbuilding. Because the hotel industry is facing only a demand problem, and not oversupply of rooms that first needs to be absorbed. The Questions I'm asked the most by hotel buyers are: "When is the best time to buy? When will I get the most for my money? Should I hold off untill the prices really tank? How much will hotel values fall? How fast will they recover?". Let's try to asnwer these important questions.
By Stephen Rushmore, Hotel Valuation Expert and Founder of HVS, Hotel Valuation Software