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Global Hospitality Report (August 31, 2015)

Indonesia Hotel Watch 2015 
By Bhoomija Vadehra, and Samantha Poh

Indonesia Hotel Watch (IHW) 2015 Is a comprehensive report discussing the tourism and hotel industry performance in nine major markets in Indonesia: Bali, Jakarta, Surabaya, Bintan, Lombok, Bandung, Yogyakarta, Bogor and Medan.

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Indonesia Hotel Watch 2015 
By Bhoomija Vadehra, and Samantha Poh

Indonesia Hotel Watch (IHW) 2015 is a comprehensive report discussing the tourism and hotel industry performance in nine major markets in Indonesia: Bali, Jakarta, Surabaya, Bintan, Lombok, Bandung, Yogyakarta, Bogor and Medan.

VIEW FULL STORY.
Market Pulse: Long Island City, NY 
By Chris Fernandes

While perhaps not yet a byname in the hotel world, the Long Island City neighborhood of New York City has achieved expansive growth in the past 15 years, and more demand has spurred unprecedented hotel development.

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2015 Manhattan Lodging Overview - 2Q 
By Roland deMilleret and Erin Bagley

Manhattan’s lodging market is in the midst of a more extended recovery than the area experienced after past recessions. This recovery is aided by new developments and the wide scope of existing leisure, commercial, and meeting and group demand generators in the borough; the chief hindrance to an accelerated recovery is the amount of new supply and its negative impact on average rate in the market. Since early 2009, the Manhattan market has registered strong increases in supply each month. From January 2009 to June 2015, supply increased by 30.1%. Consequently, RevPAR growth has declined in the year-to-date period through June 2015. To learn more about Manhattan’s lodging performance, download an excerpt or leave us a comment to request the full report.

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Trump Hotel Collection Announces New Development in Bali 

Trump Hotel Collection has recently announced the signing of a deal to manage a new luxury resort and branded residence in the south-western coast of Bali. Construction for the property, which is to be owned and developed by Indonesian investment firm MNC Group, is expected to begin in 2016. With 11 existing hotels and two estates in locations across the USA, Brazil, Canada, Scotland and Ireland, the new resort in Bali will be the Trump Hotel Collection’s first foray into the Asian market. As one of Indonesia’s most appealing tourist destinations, Bali saw international arrivals at Ngurah Rai International Airport surge from approximately 1.53 million visitors in 2004 to 3.39 million visitors in 2014, a compound annual growth rate (CAGR) of 8.3%, making the destination one of Indonesia’s fastest growing tourism markets. This immense demand for Bali, which has remained encouraging over the years, has drawn the interest of global and local hotels brands alike, manifesting in a hotel development pipeline of more than 14,500 rooms marketwide, between 2015 and 2019.

HVS APAC HOSPITALITY NEWSLETTER.
The Next Chapter of Edition Will Bring Ice and Fire  

The Marriott International and Ian Schrager duo has formed a trio with US-based real estate firm Carpenter & Company to bring Marriott's luxury lifestyle brand EDITION to Europe's own land of ice and fire, enchanting Iceland. The 250-room Reykjavik EDITION is to be developed in Iceland's capital, adjacent to the city's waterfront Harpa conference and concert venue at Reykjavik harbour. The hotel is scheduled to open in 2018. Owned by Carpenter & Company, Marriott International will manage the hotel under a long-term agreement.

HVS EMEA HOSPITALITY NEWSLETTER.

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