The greater Dallas area continues to be a focal point of corporate relocation and expansion, and a building boom is evident in both the urban core and outlying suburbs, with hotel construction on the rise.
Washington, D.C. remains a top draw for leisure, convention, business, and government demand, with market-wide RevPAR ranking among the highest in the nation. Convention activity and tourism continue to grow, pushing the overall market performance.
The Market Snapshot: Asia Pacific 2018 highlights an overview of transaction activity in the region and presents 16 markets’ current hospitality landscape; each covering demand and supply dynamics, hotel performances, and key transactions.
Recent hotel transactions show investor confidence in this high-barriers-to-entry Southern California market. This article illustrates the current conditions and lodging metrics of the Huntington Beach, Newport Beach, and Costa Mesa submarkets.
With dam levels rising in Cape Town and the city becoming water-wise the threat of ‘Day Zero’ has been pushed out to 2020 or potentially ‘never’. The city now needs to market its comeback and set benchmarks for sustainable tourism destinations.
In Focus: Malaysia 2018 summarises Malaysia’s tourism landscape, hotel performance and outlook. The article further highlights four growing destinations including Johor, Kuala Lumpur, Langkawi and Penang.
In line with promoting local tourism in South Africa (locally known as Mzansi), we talk about authentic Township experiences and introduce some remarkable entrepreneurs that have emerged from these so-called “informal” settlements.
Since the resignation of Jacob Zuma, South Africa has a better outlook. Thanks to the improving economic situation and the ease of security concerns, tourism is likely to enjoy continued high demand in the next few years.