Global Hospitality Report (September 8, 2015)

Trending Issues and Challenges Facing Caribbean Hospitality Development 
By Parris Jordan

Caribbean hospitality is growing with re-emerging all-inclusive hotels and vacation clubs. Performances continue to strengthen and financing opportunities are available, as will be shared at the Caribbean Hotel Investment Conference in November.

In Focus: Doha | Tracking Progress 
By Cristina Zegrea and Hala Matar Choufany

Strong commitments to hosting the 2022 World Cup and targets established in the 2030 National Vision Plan have enabled Qatar’s tourism sector to witness double-digit growth during preceding years.

Regional Trends and Opportunities to be Presented at HVS Hotel Market Connections (HMC) Networking Events  

The 4th Annual Hotel Market Connections Networking Events will be hosted on September 17, 2015, around the world. Over 270 companies are attending the events across the globe to learn from and network with peers and industry stakeholders. These intimate 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 will also feature panels of local experts who will share their valuable insights. All 19 cities will host their Market Connections events at local venues and will have different start times.

Accor Group Confident of Business Recovery in Thailand After the Bomb Attack 

Accor Group remains positive about Thailand tourism despite the recent bomb attack at the Ratchaprasong intersection two weeks ago. According to Patrick Basset, Chief Operating Officer for East and upper Southeast Asia, Accor Group spots Thailand as an attractive investment destination, reflected in a total of 13 new management agreements with 3,380 rooms signed this year. Among the 13 new properties, six hotels will be located in Bangkok, three hotels in Pattaya, two hotels in Koh Samui and one each in Chiang Rai and Chon Buri. Furthermore, Bangkok will be the first ASEAN capital to host Accor’s new hotel brand, Mama Shelter, scheduled to open in 2018. Although Accor Group suffers post-incident with occupancy declining to 50-60% compared to the first half of the year where average occupancy was at 76.5%, Basset is confident that the tourism industry will bounce back by November as the industry has always shown its resilience to the market after a series of negative factors in the past years.

Union Investment Sells Hamburg Marriott  

London-based real estate investor UK & European Investments has purchased the Hamburg Marriott Hotel in the port of Hamburg, northern Germany, from Union Investment for €65 million (€234,000 per room). The six-storey hotel is in the centre of Hamburg, on ABC Strasse, and it has 270 rooms and eight suites. Following the sale, Union Investment's Hamburg hotel portfolio still comprises six properties.


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