Global Hospitality Report (August 2, 2017)

Market Pulse: Bermuda 
By Kristina D'Amico

The 35th America’s Cup in 2017, increased air capacity, and government incentives have helped Bermuda’s growing tourism industry and have spurred developer interest in building new luxury hotels on the island.

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The Evolving Workplace 
By Erica Arnold and Alice Campbell

In this article we explore how companies in the hospitality industry are attracting and retaining talent by creating a progressive culture and evolved workspace.

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Canadian Lodging Outlook Quarterly 2017-Q2 

The Canadian Lodging Industry experienced 7.0% RevPAR growth through June 2017. Wow! ADR is the main contributor particularly in the Luxury segment caused by the low dollar with Ontario and British Columbia leading the pack.

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Malaysia Upcoming Hotel Tax Rate Undergoes Revision 

In response to the backlash from the industry, the proposed tourism tax rate was revised prior to its implementation. According to the Minister of Tourism and Culture, Nazri Aziz, the revised tourism tax will see foreigners staying at paid accommodations being charged a flat rate of RM10 per night, while Malaysians will be exempted from it completely. When the tourism tax was first announced, a rate between RM2 and RM20 per night, depending on the type of accommodation, was proposed, applicable to both the local and foreign population. However, strong protests, especially from the state of Sarawak, subsequently led to the revision of the tourism tax. The ministry estimates tax proceeds of RM210,956,797 a year based on an average occupancy rate of 60 percent of currently registered rooms, and the proceeds will be used to fund state-level tourism promotion activities. While initially thought to be implemented from 1st August, Mr. Nazri has reportedly said that the date of implementation is now contingent on the prime minister’s decision.

HVS APAC HOSPITALITY NEWSLETTER.
Dalata Buys the Hotel La Tour Birmingham  

Dalata Hotel Group has purchased the Hotel La Tour Birmingham in the UK for £31 million (£178,000 per room) from Hotel La Tour by acquiring the entire share capital of the 174-room property. The hotel, on Park Street in Birmingham city centre, was constructed in 2012 and will be reflagged as a Clayton hotel in the fourth quarter of 2017.

HVS EMEA HOSPITALITY NEWSLETTER.

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