Global Hospitality Report (November 10, 2014)

The Greater China Update: 3rd Quarter 2014 大中华地区更新 - 2014年第三季度 
By Ciao Liu, and Steven Zhu

While declines in inbound tourism in mainland China abated, mainland Chinese outbound tourism to Hong Kong and Macau slowed. 赴中国大陆入境游降幅收窄,同时中国大陆的港澳出境游增幅减速。

In Focus: Muscat - Slowly but Surely 
By Cristina Zegrea and Hala Matar Choufany

Driven by the country’s 2020 Vision, considerable growth in arrivals is projected in the years to come, leaving Oman in preparation to accommodate the increased demand by launching new hospitality developments.

In Focus: Shenzhen, P.R. China 
By Ciao Liu and Daniel Voellm

This article provides an overview of current tourism trends, hotel market and hotel investment environment in Shenzhen, drawing special attention to Qianhai - one of the most rapidly developing areas, on the back of a renewed focus by the Government.

Market Pulse: Romania 
By Nikolas Pavlidis

This article summarizes the recent tourism trends in Romania.

International Investors Arriving from Around the World to Attend Caribbean Hotel Investment Conference (HVS CHICOS), November 13-14, 2014 at the Hard Rock Hotel Punta Cana, Dominican Republic  

As CHICOS dates approach, Conference Chairman Mr. Parris E. Jordan observes that the number of international investors with interest in the Caribbean region is increasing and will be apparent at this year’s conference. The region is seeing larger projects, and hence, investors and investor representatives from the Middle East, China, the U.S. and the U.K. will be in Punta Cana to make deals happen and find potential partnerships at CHICOS.

Tourism Arrivals Increasing in Sri Lanka 

At approximately 1.1 million visitors so far this year (up to September 2014), international arrivals to Sri Lanka are an impressive 22% up from the same period in 2013. The growth is largely driven by increased visitation from source markets such as Eastern Europe, the Middle East and China, which have seen a 97%, 74%, and 43% increase in arrivals, respectively from 2012 to 2013. The single largest growing feeder market for Sri Lanka during this period was Indonesia - a 500% growth in arrivals was recorded from the archipelago; from 2,900 arrivals in 2012 to 17,300 arrivals in 2013.  With a target of 2 million international arrivals in 2015 and 2.5 million in 2016, Sri Lanka is slated to become one of the region’s premier tourist and leisure destinations. In response to the increasing demand for quality accommodation on the island, many international hotel brands including Anantara, Hilton, Radisson, Marriott, Sheraton and Shangri-La are expected to enter the market in the next few years.

KSL Capital to Acquire Village Urban Resort Chain 

US-based private equity firm KSL Capital Partners, owner of the Malmaison and Hotel du Vin chains, has won the bidding war for De Vere’s portfolio of Village Urban Resort hotels across the UK. KSL has reportedly agreed to pay more than £480 million (£154,800 per room) for the 25-property portfolio (3,100 rooms). The hotels were put on the market in July this year and KSL beat around 20 rival bidders for the chain.


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