CBRE Hotels

Baird predicts short-term negative impacts on hotel revenues from recent hurricanes but expects a boost in the intermediate term due to FEMA, insurance, and clean-up crew spending, especially benefiting select service and extended-stay hotels

Leechiu Property Consultants reported 158 new hotel projects across the Philippines, adding 40,084 rooms, with full recovery in foreign arrivals expected by 2026, generating PHP250 billion in investments and 57,000 jobs.

Hyatt Hotels Corporation has acquired Standard International's brands, expanding its asset-light portfolio in Asia with upcoming properties such as The Standard, Singapore, and The StandardX in Bangkok Phra Arthit, along with Standard Residences under development in Phuket and Hua Hin.

Singapore's hotel market is thriving with high-end travelers and strong occupancy, while Hong Kong is focusing on budget-conscious visitors as its luxury sector struggles to recover.

The CBRE August 2024 U.S. Hotels report highlights slowing GDP growth, moderate consumer risks, declining CMBS borrowing rates, and mixed performance in hotel occupancy, RevPAR, and travel metrics.

IHG Hotels & Resorts is significantly expanding its luxury and lifestyle portfolio in Mexico, Latin America, and the Caribbean, with multiple new openings planned through 2027, including properties from its Six Senses, InterContinental, Kimpton, Vignette Collection, and Hotel Indigo brands.

In the first quarter of 2024, South Korea’s hotel industry saw significant growth in average daily rates and RevPAR, driven by key tourist destinations, but investment activity remained subdued despite limited future supply and expected continued success in luxury and upscale segments.

In the shorter term, CBRE expects a 2% RevPAR growth in 2024, driven by international tourism and limited supply, despite a weaker first quarter and a reduced forecast from 3%.

Seoul plans to develop floating office and hotel buildings with leisure facilities on the Han River by 2030 to enhance the river's potential and attractiveness.

Katerina Giannouka has left Jumeirah Group, one year into her time as CEO. Thomas Meier, CEOO, will serve as Interim CEO again.