Global Hospitality Report (January 19, 2016)

FHRAI Indian Hotel Industry Survey  
By Achin Khanna, and Rishabh Thapar

The survey, representing 1,358 hotels in various cities across different star categories in India, presents key statistics for the industry. It provides information about financial performance, marketing media usage patterns, guest segmentation, etc.

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In Focus - Budapest, Hungary 
By Constance Biria and Arlett Hoff

This article presents an update on the hotel market in Budapest, discussing hotel demand and supply factors, along with recent performance and investment trends.

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Shanghai Disney Resort to Open in June 2016 

The Shanghai Disney Resort comprising six themed lands, a 420-key Shanghai Disneyland Hotel, an 800-key Toy Story Hotel, Disneytown and the Wishing Star Park, will soon open its gates to visitors, with its grand opening celebration scheduled on 16th June, 2016. This world-class resort, located in the Pudong District of Shanghai, will be Disney’s first destination resort in mainland China. Reportedly worth US$5.5 billion, the Shanghai Disney Resort is a joint venture between Disney and Shanghai Shendi Group, a Chinese state-run consortium. Besides the Disney Resort, two other large theme parks are expected to come up in Shanghai − the Hydron Polar Ocean Park in Pudong area, which is slated to open in 2017 and will be the biggest polar ocean park in China; and the first Legoland Discovery Center in Shanghai, announced by Merlin Entertainments Group last year. The opening of these theme parks will provide a solid thrust to the leisure segment and significantly contribute to hotel performance in the Shanghai market.

HVS APAC HOSPITALITY NEWSLETTER.
Two London Club Quarters Hotels Sold  

Chelsfield Partners has sold two Club Quarters hotels in the city of London to a joint venture between AXA Investment Management Real Assets and Danish pension fund ATP for £180 million. The transaction involved the sale of the 203-room Club Quarters Gracechurch Street and the 265-room Club Quarters St. Paul’s, both of which are operated by US management company Club Quarters on long-term management agreements. The freehold properties also include seven retail and restaurant units. HVS Hodges Ward Elliott acted as agent for Chelsfield Partners.

HVS EMEA HOSPITALITY NEWSLETTER.

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