Global Hospitality Report (August 17, 2015)

Market Pulse: South America - 1H, 2015 
By Fernanda L'Hopital, and Pedro Cypriano

This article analyzes hospitality markets in the main South American cities, discussing key performance indicators during the first half of 2015 and future outlook for the rest of the year.
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Four Key Takeaways | 2015 Hotel Data Conference 
By J. Carter Allen

An acceleration in group hotel demand and solid supply fundamentals are two factors favoring a positive outlook for U.S. hotels.

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HVS Presents Hotel Market Connections (HMC) Networking Events at 19 Locations Around the Globe 

HVS is hosting the 4th Annual Hotel Market Connections Networking Events around the world on September 17, 2015. These hotel intelligence mixers will comprise a series of intimate networking events that will provide a unique opportunity to learn from and network with peers and industry stakeholders. The events will focus on trends in hotel lending and valuation; up-to-the-moment snapshots of hotel values, transactions, cap rates, and operating trends in each location; and a forecast of overall hotel performance and values through 2017 and beyond. Each presentation will be facilitated by the region’s leading HVS executive. Hotel Market Connections (HMC) will also feature panels of local experts who will share their valuable insights.

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Exploring Growth and Investment Opportunities in the World’s Largest Archipelago 

Once again, all industry stakeholders will come together to discuss and deliberate on the growth and investment opportunities in the region at the 2nd edition of the THINC Indonesia conference this September. Hosted by HVS, the event will continue to provide accurate and relevant content through a captivating line-up of sessions by industry leaders, and the opportunity to network and conduct business with prominent owners, operators, investors, developers, and government officials. Confirmed speakers at the event include Budi Tirtawisata, Group CEO, Panorama Group; Dillip Rajakarier, CEO, Minor Hotel Group & COO, Minor International; Frederic Flageat-Simon, CEO, Alila Hotels and Resorts; Gerald Lawless, President and Group CEO, Jumeirah Group; Marc Steinmeyer, President Director and Founder, Tauzia Hotel Management; Michael Issenberg, Chairman and CEO - APAC, Accor; Peter Henley, President and CEO, Onyx Hospitality; Robert Warman, CEO, Langham Hotel Group; Roy Sindhunirmala, Founder and CEO, Twenty One Development Group, and Thorsten Kirschke, President - APAC, Carlson Rezidor Hotel Group, among others.

ONLY 2 WEEKS LEFT: REGISTER NOW | 2-3 SEPTEMBER | BALI, INDONESIA.
Thomas Cook to Acquire Kuoni’s India and Hong Kong Business for US$85 million  

Travel services provider Thomas Cook India announced that it will acquire its rival, Kuoni’s business in India and Hong Kong for US$85 million (INR535 crore). The 134-year-old Thomas Cook will pay INR320 crore to add consumer-travel brands such as SITA, SOTC and Distant Frontiers to its portfolio in India, helping it overtake Cox & Kings to become the top player in customized holiday bookings. It will remit the remaining INR215 crore for acquiring Kuoni’s Hong Kong business, making way for Thomas Cook to enter another Asian country post Sri Lanka, where it acquired Luxe Asia recently. The company also operates in Mauritius. The transaction is expected to be completed over the next few months and entails the Kuoni brand being licensed to Thomas Cook for one year in India and for five years in Hong Kong. Thomas Cook and Kuoni’s tour operating businesses in India and Hong Kong will continue to operate as separate entities and Thomas Cook will retain all 1,800 employees. This is touted to be the second biggest transaction in India’s travel services space after Fairfax Financial purchased Thomas Cook for US$150 million in 2012.

HVS APAC HOSPITALITY NEWSLETTER.
Kew Green Becomes First Overseas Investment for China-Based Buyer  

Following the announcement in March this year that Kew Green Hotels was to be put on the market, the UK-based group (the largest franchisee of InterContinental Hotels Group's Holiday Inn brand within Europe) was reportedly acquired by Chinese firm HK CTS Hotels Co for a price believed to be in the region of £400 million. Kew Green currently owns/operates 54 hotels across the UK, 45 of which are Holiday Inn properties. The deal is expected to see Kew Green expand into the European continent. Paul Johnson, who will remain chief executive of Kew Green, commented that the transaction would allow the group to continue to pursue an "aggressive growth strategy as well as giving us access into the rapidly growing Chinese tourist market". The group's new owner, a fully owned subsidiary of the China National Travel Service Corporation, currently operates 50 hotels under four different brands across Hong Kong, Macau and mainland China. This is its first investment overseas.

HVS EMEA HOSPITALITY NEWSLETTER.

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