Global Hospitality Report (March 25, 2018)

In Focus: Singapore, Preparing for a Smart Future 
By Kyu Baek Kim and Hok Yean CHEE

In Focus: Singapore 2018 provides an overview of Singapore’s tourism landscape and hotel market performance, infrastructure development, trends in hotel technology, hotel transactions and investment in 2017 and outlook.

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HVS Market Pulse: Downtown Chicago, IL 
By Dana Waud and Stacey Nadolny

Chicago continues to attract hotel development to the downtown market, thanks to its proximity to global transportation and well-educated workforce. The installation of Chicago’s 60th crane in 2017 suggests that development is still robust.

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In Focus: Capri Island, Italy 
By Ezio Poinelli, Pavlos Papadimitriou and Carlo Reitano

This market snapshot provides an overview of the recent performance of the lodging industry in Capri, Italy, in terms of demand and supply and analyzes past and future tourism trends.

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Cape Town 
By Laura Dutrieux

Since the resignation of Jacob Zuma, South Africa has a better outlook. Thanks to the improving economic situation and the ease of security concerns, tourism is likely to enjoy continued high demand in the next few years.

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Travelodge to bring back its brand to Kuala Lumpur with two new hotels in Q3 2018 

Singapore-based Travelodge Hotels (Asia) Pte. Ltd. (“TLA”), a wholly-owned subsidiary of Singapore-listed ICP Ltd, has announced that it will be bringing back its brand to Kuala Lumpur with two new hotels in Q3 2018. The 203-key Travelodge Central Market will be located only ten minutes from Kuala Lumpur Sentral railway station and a stone’s throw away from the Central Market. Nearby, the newly renovated 168-key Travelodge Bukit Bintang will be situated in Kuala Lumpur’s Golden Triangle, minutes away from the Petronas Twin Towers and Jalan Alor. Both properties will have a fitness centre, self-service laundromats, and grab-and-go breakfast for all guests. TLA currently has five hotels in Asia with expansion plans in countries such as Japan, Vietnam, Singapore, and South Korea.

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