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Global Hospitality Report (October 19, 2015)

Las Vegas Casino & Hotel Market Outlook 2015 
By Shannon Okada

Las Vegas remains a premier destination: over 41.1 million people visited in 2014, an all-time high. The market continues to benefit from its variety of demand generators, including gambling, dining, entertainment, convention/meetings, and shopping.

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NATHIC 2015 Will Have HVS Market Specialists On Site and On Call 

North America Hotel Investment Conference (NATHIC) co-presented by HVS, Hotel Management magazine and the International Hotel Investment Forum (IHIF), is scheduled to take place at the Fontainebleau in Miami Beach on November 4-6, 2015. This year’s edition features a Foreign Direct Investment (FDI) panel preceded by a presentation on FDI in North America by Barry Johnson, Chair of the Global FDI Association. There are no breakout sessions so attendees will not miss anything. There will be a closing keynote by Leland Pillsbury from the Thayer Lodging Group. The event will also offer opportunities to meet with key hotel brand contacts including Hard Rock Hotels, Wanda Hotels & Resorts, Best Western, Starwood Hotels, Wyndham Worldwide, Hilton and Vantage Hospitality, among others. Moreover, HVS market specialists and subject matter experts will be on site and on-call.

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The HVS Greater China Update - 3rd Quarter 2015 
By Larissa Lam, Steven Zhu and Daniel Voellm

Economic growth continues to slow down, resulting in an overall average performance of hotel markets across Greater China.

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Five Key Takeaways | The Lodging Conference 2015 
By Brett Russell, Ryan Wall and Adam Lair

Presentations at this year’s Lodging Conference shed light on how far the U.S. hotel industry has come, as well as how long the current upturn could last.

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Wyndham Hotel Group to Set Foot in Indonesia 

Wyndham Hotel Group is set to open its first Wyndham Hotels and Resorts property in Indonesia, at Bali’s Lepang Beach, through a partnership with PT. Wijaya Karya Realty. The Wyndham Resort Tamansari Jivva, slated to open its doors in January 2016, will be located minutes away from Bali’s prestigious surf break, Keramas. With eight villas and 214 apartments set on a 1.4ha beachfront land, the resort will feature an open lobby surrounded by a pool, an oceanfront pool, a beach bar, a restaurant, conference facilities and a gym. Bali attracted 3.39 million international arrivals into the island in 2014. The number of international arrivals in the island has surged over the years, with a CAGR of 8.3% between 2004 and 2014, making Bali one of Indonesia’s fastest growing tourism markets. However, with a substantial amount of supply entering the market in 2016, RevPAR growth is expected to be under pressure in the short to medium term.

HVS APAC HOSPITALITY NEWSLETTER.
HVS Hodges Ward Elliott Sells NH Santo Stefano, Turin, to Internos  

Internos Global Investors has acquired the NH Santo Stefano in Turin, Italy, for its “Real Value Plus” fund. HVS Hodges Ward Elliott handled the sale on behalf of the seller, local developer Immobiliare Galileo Srl, for €23.5 million (€188,000 per room). The hotel will continue to be operated by NH Hotel Group, under a new long-term lease agreement with fixed and variable rent components. The 4-star NH Santo Stefano opened in 2006 to coincide with the Winter Olympics in Turin, and has 125 rooms, a restaurant, bar and nine conference rooms. The property is situated in a prime city centre location opposite Turin’s Archaeological Museum, Cathedral (housing the famous Shroud of Turin) and Royal Palace.

HVS EMEA HOSPITALITY NEWSLETTER.

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