Global Hospitality Report (February 8, 2016)

Seven Key Takeaways | The Americas Lodging Investment Summit 2016 (ALIS) 

The annual Americas Lodging Investment Summit (ALIS) kicked off the year with insights into hotel transactions, performance, and lending trends. What do experts expect for the industry in 2016?

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2015 Canadian Hotel Transaction Survey 
By Carrie Russell

In 2015, the Canadian lodging industry experienced the highest level of transaction volume since 2007 with a total of more than $2.2 billion.

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Canadian Lodging Outlook - 4th Quarter, 2015 

YTD through December, the Canadian lodging sector saw an overall increase in ADR and RevPAR by 4.5% and 3.6%, respectively. Vancouver once again saw the highest RevPAR increase of 17.8%. Occupancy percentage decreased by 0.8% overall.

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China to See 137 Million Overseas Tourists in 2016 

More than 137 million overseas tourists will visit China in 2016, a 2.5% increase from the previous year. This would be the second year of growth in inbound tourism after the country saw years of decline in foreign tourists since 2011. International tourism revenue in 2016 is expected to reach $121 billion, an increase by 6.5%. During the annual work meeting held earlier this January, China National Tourism Administration set its development goal of 2016. According to Li Shihong, Deputy Head of the Administration, second- and third-tier cities as well as small towns will play a leading role in attracting overseas tourists since they have unique culture symbols, beautiful landscape and have persevered history in their daily lives better than modern cities. “Besides, the high-speed railway network has connected small towns and also made them more accessible than before. It is a great timing for them to develop the inbound tourism industry”, added Li.

HVS APAC HOSPITALITY NEWSLETTER.
Minor Completes Acquisition of Tivoli Hotels & Resorts  

Minor International has completed the final stage of its purchase of Tivoli Hotels & Resorts for an investment of €294.2 million (approximately €102,000 per key), marking the Thailand-based group's entry into Europe and Latin America. The Tivoli chain comprises 12 hotels across Portugal and two properties in Brazil (almost 3,000 rooms). With the acquisition of all of the Tivoli hotels now complete, Minor has 145 properties across 22 countries. HVS Hodges Ward Elliott and ESIB were co-advisors for Rioforte on the sale of the Tivoli Group, which culminated in this transaction.

HVS EMEA HOSPITALITY NEWSLETTER.

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