DOCSLIB.ORG

Global Hospitality Monitor

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

Global Hospitality Monitor August 2, 2021 LTM Share Price Performance Weekly Movers North American Hotel REITs Top 5 Performers One Week % Change Hilton Worldwide Holdings Inc. 4.9% 200 Avingstone North America Hotel REIT Index Marriott International Inc. 4.9% S&P REIT Index 180 TUI AG 4.7% Chatham Lodging Trust 4.5% 160 Wyndham Hotels & Resorts Inc. 3.2% 140 Top 5 Laggards One Week % Change 120 Hong Kong & Shanghai Hotels/The (7.6%) 100 Ashford Hospitality Trust Inc. (4.6%) Huazhu Hotels Group (4.5%) 80 Miramar Hotel & Investment Co Ltd (3.8%) Jul-20 Sep-20 Nov-20 Jan-21 Mar-21 May-21 Jul-21 NH Hotel Group SA (3.7%) North American Hotel Stocks Ind ustry Intelligence & Commentary 200 Avingstone North America Hotel Index 02 Aug: Hilton Grand Vacations (“HGV”), the US-listed timeshare vacation S&P 500 Index 180 group, announced the closing of its all-stock acquisition of Diamond Resorts International, the US-based timeshare vacation group, from a consortium 160 between Apollo Global Management, the US-listed asset management group, Reverance Capital Partners, the US-based investment group, and other 140 unnamed Diamond shareholders. The transaction creates the largest luxury 120 timeshare operator with an equity value of approximately US$1.4 billion. According to HGV, the combined company is expected to generate over US$125 100 million in run-rate cost synergies within 24 months from closing. 80 30 Jul: The Blackstone Group, the US-listed asset management group, has Jul-20 Sep-20 Nov-20 Jan-21 Mar-21 May-21 Jul-21 reportedly acquired the 204-key Courtyard by Marriott Washington Capitol European Hotel Stocks Hill/Navy Yard Hotel for US$52.6 million (approx. US$258,000 per key) from Park Hotels and Resorts, the US-listed hotel real estate investment trust, 200 Avingstone European Hotel Index according to the Washington Business Journal. FTSEurofirst 300 Returns 180 29 Jul: Vacasa, the US-based vacation rental management platform, 160 announced that it has entered into an agreement to become a publicly-traded company through a business combination with TPG Pace Solutions, the US- 140 listed special purpose acquisition corporation, in a transaction that values the group at approximately US$4.5 billion. According to the announcement, the 120 transaction will see Vacasa being capitalized with approx. US$485 million in 100 cash proceeds to fund its growth plans. In 2021, Vacasa estimates that gross booking value will be approx. US$1.6 billion with five million nights sold, and it 80 Jul-20 Sep-20 Nov-20 Jan-21 Mar-21 May-21 Jul-21 is forecasting average revenue growth of 31% per annum from 2021, reaching US$1.3 billion by 2023. Asian Hotel Stocks 28 Jul: Varde Partners, the US-based asset management group, announced 200 Avingstone Asia Hotel Index that it has agreed to sell the 314-key Hotel Barcelona Apolo in Barcelona, MSCI Asia Pacific All Cap Index Spain, to Melia Hotels International, the Spain-listed hotel owner and 180 operator, for €96 million (approx. US$365,000 per key). According to the 160 announcement, the sale of the property, which Melia already operates, followed an open bidding process that attracted interest from more than 20 140 institutional investors. 120 23 Jul: Salter Brothers, the Australia-based asset management group, 100 announced that its joint venture with GIC, the Singapore-based sovereign wealth fund, and Partners Group, the Switzerland-based real estate 80 investment group, has bought an 11-hotel portfolio of Travelodge properties Jul-20 Sep-20 Nov-20 Jan-21 Mar-21 May-21 Jul-21 for A$620 million (approx. US$456 million). The portfolio comprises over 2,000- keys across Australia, including seven properties in Sydney. 16 Jul: RLH Properties, the Mexico-listed hotel owner and developer, has reportedly acquired the 111-key Bless Collection Hotel in Madrid for €115 million (approx. US$1.2 million per key) from Aina Hospitality, the Luxembourg-based hotel investor, and Grupo Didra, the Spain-based Avingstone Limited investment group, according to Iberian Property, the Iberian real estate business journal. RLH also owns the nearby Rosewood Villa Magna hotel, and Leconfield House, Curzon Street Mayfair, London W1J 5JA UK both properties are expected to reopen in Q4 2021. David Mongeau Tel: +44 (0)20 7016 8020 [email protected] Jim Brown Tel: +44 (0)20 7016 8016 [email protected] Source: This material is based on current public information from Bloomberg that Avingstone considers reliable, but we make no representation as to, and accept no responsibility or liability whatsoever for, the accuracy or completeness of the information included herein, including any third-party information, and it should not be relied upon as such. Global Hospitality Monitor August 2, 2021 Key Performance Indices Unit Price Market Enterprise One Week One Month 52 Week Current EV/Fwd REITs Ticker Currency 23-Jul-21 Cap (m) Value (m) % Change % Change High Low Yield(1) EBITDA(2) North American REITs Group Average 0.2% 19.2x Ashford Hospitality Trust Inc. AHT US USD 16.98 450 4,509 (6.7%) (63.7%) 77.90 12.70 0.0% 23.0x American Hotel Income Properties HOT-U CN CAD 4.12 324 1,290 (4.8%) (6.2%) 4.74 2.25 0.0% 14.5x Apple Hospitality REIT Inc. APLE US USD 14.60 3,265 6,531 0.6% (7.5%) 16.57 8.45 0.4% 16.8x Braemar Hotels and Resorts BHR US USD 5.23 306 1,508 (3.3%) (14.0%) 7.45 2.17 0.0% 18.8x Chatham Lodging Trust CLDT US USD 11.75 571 1,193 (2.0%) (13.0%) 14.95 5.02 0.0% 15.8x DiamondRock Hospitality Co. DRH US USD 8.76 1,842 2,945 (3.4%) (13.9%) 11.49 4.43 0.6% 24.9x Hersha Hospitality Trust HT US USD 9.44 369 1,888 (3.3%) (18.3%) 13.05 4.57 0.0% 22.3x Host Hotels & Resorts Inc. HST US USD 15.78 11,142 15,412 (1.3%) (9.8%) 18.52 10.04 0.4% 23.0x Park Hotels & Resorts Inc. PK US USD 18.66 4,413 8,855 1.5% (12.6%) 24.67 7.95 0.6% NM Pebblebrook Hotel Trust PEB US USD 22.44 2,948 6,040 0.4% (4.0%) 26.42 9.83 0.2% NM RLJ Lodging Trust RLJ US USD 14.39 2,373 4,612 2.6% (7.4%) 17.51 7.67 0.3% 19.4x Ryman Hospitality Properties, Inc. RHP US USD 79.41 4,373 7,278 1.2% (3.6%) 86.58 29.23 0.0% NM Service Properties Trust SVC US USD 11.39 1,877 8,136 (2.8%) (15.4%) 15.39 6.33 0.4% 14.4x Summit Hotel Properties, Inc. INN US USD 9.07 963 2,155 2.1% (6.5%) 11.32 4.72 0.0% 26.9x Sunstone Hotel Investors Inc. SHO US USD 11.50 2,487 3,190 0.8% (11.9%) 13.74 7.00 0.0% 22.5x Xenia Hotels & Resorts, Inc. XHR US USD 17.75 2,020 3,076 (0.2%) (8.7%) 21.40 7.56 0.0% 20.3x Share Price Market Enterprise One Week One Month 52 Week Price/Fwd EV/Fwd Corporates Ticker Currency 23-Jul-21 Cap (m) Value (m) % Change % Change High Low Earnings(2) EBITDA(2) North American Stocks Group Average 30.5x 18.1x Choice Hotels International Inc. CHH US USD 119.90 6,662 7,508 1.6% 2.0% 123.77 80.76 30.6x 20.7x Extended Stay America Inc. STAY US USD 20.46 3,636 6,389 0.0% 0.0% 20.47 10.86 27.0x 13.9x Hilton Worldwide Holdings Inc. HLT US USD 131.45 36,633 45,311 4.9% 10.5% 136.89 73.50 39.4x 22.4x Hyatt Hotels Corporation H US USD 79.87 8,129 10,136 3.1% 4.1% 92.22 45.62 NM 24.7x Marcus Corp MCS US USD 16.07 504 1,090 0.0% (22.6%) 24.71 6.84 15.9x 14.4x Marriott International Inc. MAR US USD 145.98 47,537 58,038 4.9% 8.1% 159.98 81.30 38.2x 21.3x MGM Resorts International MGM US USD 37.53 18,410 38,979 (3.2%) (11.0%) 45.34 15.58 NM 12.2x Playa Hotels & Resorts NV PLYA US USD 6.69 1,127 2,101 (1.8%) (10.0%) 8.35 3.50 NM 19.3x Vail Resorts Inc. MTN US USD 305.20 12,290 14,277 (2.4%) (3.6%) 338.50 185.62 38.4x 16.9x Wyndham Hotels & Resorts Inc. WH US USD 72.06 6,739 8,728 3.2% 0.3% 78.13 42.00 24.0x 15.2x European Stocks Group Average 24.3x 16.9x Accor SA AC FP EUR 29.86 7,819 9,603 (0.1%) (4.1%) 35.89 20.71 NM NM Compagnie des Alpes CDA FP EUR 12.30 604 1,478 (2.7%) (10.9%) 17.88 9.34 23.2x 8.4x InterContinental Hotels Group Plc IHG LN GBP 47.51 8,705 10,572 (0.0%) (0.7%) 55.68 34.45 35.0x 20.0x Meliá Hotels International MEL SM EUR 5.81 1,281 4,008 1.9% (5.3%) 7.40 2.88 NM 19.2x NH Hotel Group SA NHH SM EUR 3.63 1,422 4,162 (3.7%) 3.6% 4.35 2.10 NM 24.6x Pandox AB PNDXB SS SEK 144.10 26,493 59,696 2.2% (0.3%) 168.10 85.50 26.8x NM Scandic Hotels Group AB SHOT SS SEK 35.07 6,707 44,560 1.5% 5.0% 44.58 21.14 12.3x NM Société des Bains de Mer BAIN FP EUR 73.80 2,252 2,418 (1.6%) 0.0% 79.60 54.40 NM NM TUI AG TUI1 GR EUR 3.97 4,369 12,235 4.7% (6.2%) 5.47 1.82 NM 8.7x Whitbread Plc WTB LN GBP 30.46 6,152 9,430 0.4% (2.3%) 37.07 19.97 NM 20.4x Asian Stocks Group Average 26.1x 19.1x Ascott Residence Trust ART SP SGD 1.03 3,211 5,602 2.0% 2.0% 1.14 0.81 26.2x 23.9x Banyan Tree Holdings Ltd BTH SP SGD 0.31 259 804 0.0% (10.3%) 0.41 0.22 22.4x 18.4x Central Plaza Hotel Public Co Ltd CENTEL TB THB 28.50 38,475 57,306 (3.4%) (14.3%) 38.00 19.40 NM 15.3x Huazhu Hotels Group HTHT US USD 44.98 14,697 20,011 (4.5%) (15.4%) 64.53 33.50 36.8x 18.5x Dusit Thani Pcl DTC TB THB 9.25 7,863 20,805 (0.5%) (2.1%) 10.50 6.85 NM NM EIH (Oberoi Hotels & Resorts) EIH IN INR 111.25 72,060 74,829 (1.4%) (5.3%) 122.80 80.00 NM NM Frasers Hospitality Trust FHT SP SGD 0.52 992 1,913 (1.0%) (1.0%) 0.60 0.39 19.5x NM Hong Kong & Shanghai Hotels/The 45 HK HKD 6.85 11,299 25,535 (7.6%) (17.4%) 8.60 5.60 NM NM Hotel Properties Ltd HPL SP SGD 3.30 1,719 3,123 0.0% 0.6% 3.50 2.70 22.2x NM Indian Hotels Co Ltd IH IN INR 145.10 172,561 216,403 (1.2%) (4.8%) 157.30 93.75 NM NM Mandarin Oriental International Ltd MAND SP USD 1.99 2,514 3,226 (0.5%) (1.0%) 2.07 1.45 NM NM Minor International Pcl MINT TB THB 29.75 154,566 369,527 2.6% (0.8%) 33.75 16.40 NM 18.8x Miramar Hotel & Investment Co Ltd 71 HK HKD 14.50 10,019 5,145 (3.8%) (4.6%) 16.30 12.02 NM NM Shangri-La Asia Ltd 69 HK HKD 6.90 24,740 68,927 (1.7%) (9.0%) 9.06 5.51 NM 24.9x The Shilla (000's) 008770 KS KRW 93.50 3,670 5,200 (0.8%) (2.6%) 103.00 73.50 29.6x 14.0x 1.
Recommended publications
  • Hilton Worldwide (HLT) Completes Spin-Off of Park Hotels & Resorts

    Hilton Worldwide (HLT) Completes Spin-Off of Park Hotels & Resorts

    Hilton Worldwide (HLT) Completes Spin-off of Park Hotels & Resorts (PK) and Hilton Grand Vacations (HGV) streetinsider.com/Corporate+News/Hilton+Worldwide+(HLT)+Completes+Spin-off+of+Park+Hotels+%26+Resorts+(PK)+and+Hilton+Grand+Vacations+(HGV)/12388823.html Hilton Worldwide Holdings Inc. (NYSE: HLT) (“Hilton”) today announced the completion of the spin-offs of Park Hotels & Resorts Inc. (NYSE: PK) and Hilton Grand Vacations Inc. (NYSE: HGV), resulting in three independent, publicly traded companies. Park and HGV will begin “regular way” trading on the New York Stock Exchange (NYSE) today, January 4, 2017, under the ticker symbols “PK” and “HGV,” respectively. Hilton also effected a previously-announced 1-for-3 reverse stock split, and will continue to trade on the NYSE under the ticker symbol “HLT.” Hilton will continue to be led by Christopher J. Nassetta, president and chief executive officer (CEO). Kevin J. Jacobs will continue to serve as Hilton’s executive vice president and chief financial officer (CFO) and Michael W. Duffy will continue to serve as Hilton’s senior vice president and chief accounting officer. Its portfolio of 13 distinct brands leads the industry in market share premiums, resulting in leading rates of organic net unit growth with very low capital requirements. Park, headquartered in McLean, Virginia, is led by Thomas J. Baltimore, Jr., chairman, president & CEO. Sean M. Dell’Orto serves as Park’s executive vice president and CFO and Treasurer, and Darren W. Robb serves as Park’s senior vice president and chief accounting officer. Park is now one of the largest lodging real estate investment trusts (REIT), with 67 premium-branded hotels and resorts with more than 35,000 rooms located in prime U.S.
  • Hotels and Resorts, Condominiums, Vacation Ownership Property Name

    Hotels and Resorts, Condominiums, Vacation Ownership Property Name

    Hotels and Resorts, Condominiums, Vacation Ownership Property Name Island Open/Closed Projected Reopening 444 Nahua Condominium Suites O‘ahu Open Ala Moana Hotel by Mantra O‘ahu Open Alohilani Resort Waikiki Beach O‘ahu Open Ambassador Hotel Waikiki O‘ahu Temporarily Closed TBD Aqua Aloha Surf Waikiki O‘ahu Open Aqua Oasis O‘ahu Open Aqua Palms Waikiki O‘ahu Open Aqua Skyline at Island Colony O‘ahu Open Aston at the Executive Centre Hotel O‘ahu Open Aston at the Waikiki Banyan O‘ahu Open Aston Waikiki Beach Hotel O‘ahu Open Aston Waikiki Beach Tower O‘ahu Open Aston Waikiki Circle Hotel O‘ahu Open Aston Waikiki Sunset O‘ahu Open Aulani, A Disney Resort & Spa O‘ahu Open Bamboo Waikiki Hotel O‘ahu Open Castle Waikiki Grand Hotel O‘ahu Open Castle Waikiki Shore O‘ahu Open Club Wyndham at Waikiki Beach Walk O‘ahu Open Club Wyndham Royal Garden at Waikiki O‘ahu Open Coconut Waikiki Hotel O‘ahu Open Courtyard by Marriott Waikiki Beach O‘ahu Open Courtyard Oahu North Shore O‘ahu Open Darmic Waikiki Banyan O‘ahu Open Disney Vacation Club O‘ahu Open DoubleTree by Hilton Alana – Waikiki Beach O‘ahu Open Embassy Suites by Hilton Oahu Kapolei O‘ahu Open Embassy Suites by Hilton Waikiki Beach Walk O‘ahu Open Equus Hotel O‘ahu Open ESPACIO The Jewel of Waikiki O‘ahu Temporarily Closed 6/1/2021 Ewa Hotel Waikiki O‘ahu Open Four Seasons Resort Oahu at Ko Olina O‘ahu Open Grand Islander, Hilton Grand Vacations O‘ahu Open Grand Waikikian, Hilton Grand Vacations O‘ahu Open Halekulani O‘ahu Temporarily Closed 10/1/2021 Halepuna Waikiki by Halekulani O‘ahu
  • – Standing Steady When Harsh Winds Are Blowing

    – Standing Steady When Harsh Winds Are Blowing

    Scandic – year around 2012 Scandic 2012 – Standing Steady when harSh winds are blowing Oktober 2012 1 | Mediepolicy för Scandic 1 content result 4 Looking ahead to 2013 5 Looking back at 2012 6 Even tastier food & beverage 8 Scandic’s 50th birthday! 9 a winning concept 10 did you know 11 accessibility ambassador Magnus berglund 12 New tVs & a mobile website 13 reduced environmental impact 13 Sustainability 14 Quotes from country managers 15 results for 2012 16 group Management team 18 Oktober 2012 3 Scandic – year around 2012 Scandic – year around 2012 LooKing ahead TO 2013* Presenting improved profi ts and higher margins despite a global Our focus on service and higher guest satisfaction has already Revenue: + 9.6% (comparable hotels + 1%) downturn and amid major political and economic uncertainty isn’t paid off and that’s something where our digital communication has bad going. At the same time, we’re continuing to grow thanks to defi nitely had an impact. This is an investment we’ll continue. Revenue per room: + 2.8% (comparable hotels + 1%) major investments in new city hotels. This shows that Scandic’s business concept is sound and worth building on further. And that’s It is also my conviction that the fact that Scandic is a trailblazer in exactly what we intend to do. its industry on sustainability and accessibility has helped to see Operating profit (eBitda): eUr 83.7 (72.9) million us perform well against our competitors. The fact that nobody less Our aim is for our business to be recognised as much more than than the UN has noticed our commitment to everyone – including “just” hotel accommodation.
  • Immediate Plans for NH Hotel Group

    Immediate Plans for NH Hotel Group

    Minor International NH Hotel Group’s Proposed Tender Offer July 2018 STRICTLY PRIVATE & CONFIDENTIAL Disclaimer Statements included or incorporated in these materials that use the words "believe", "anticipate", "estimate", "target", or "hope", or that otherwise relate to objectives, strategies, plans, intentions, beliefs or expectations or that have been constructed as statements as to future performance or events, are "forward-looking statements" within the meaning are not guarantees of future performance and involve risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated at the time the forward-looking statements are made. MINT undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. MINT makes no representation whatsoever about the opinion or statements of any analyst or other third party. MINT does not monitor or control the content of third party opinions or statements and does not endorse or accept any responsibility for the content or the use of any such opinion or statement. This presentation (the Presentation) has been prepared by Minor International Public Company Limited (the Company) in connection with the proposed tender offer (the VTO) to be carried out by MHG Continental Holding (Singapore) Pte. Ltd., a wholly owned subsidiary of the Company, over the shares of NH Hotel Group, S.A. (NH) in accordance with the VTO public announcement published on June 11, 2018, on the website of the Spanish National Securities Market Commission (Comisión Nacional del Mercado de Valores or CNMV) as hecho relevante with registry number 266649.
  • The World's Biggest Hotel Companies. Old Trends and New Tendencies

    The World's Biggest Hotel Companies. Old Trends and New Tendencies

    MISCELLANEA GEOGRAPHICA – REGIONAL STUDIES ON DEVELOPMENT Vol. 19 • No. 4 • 2015 • pp. 26-33 • ISSN: 2084-6118 • DOI: 10.1515/mgrsd-2015-0020 The world’s biggest hotel companies. Old trends and new tendencies Abstract Many hotels are owned by a few dozen so-called hotel chains or hotel Andrzej Kowalczyk systems. The rapid growth of big hotel companies can be regarded as proof of the entrance of hotel systems into the globalisation phase. Since 2006, companies from the People’s Republic of China (PRC) have been among the world’s top hotel systems. This year can be considered Department of Geography of Tourism & Recreation as the symbolic beginning of a new stage in the history of the largest Institute of Socio-Economic Geography & Spatial Management hotel systems. This paper shows two main trends. On the one hand, the Faculty of Geography & Regional Studies processes that could be observed in the market of the major global hotel University of Warsaw Poland systems from the 1990s are still discernible (for example, the position of e-mail: [email protected] the so-called hotel megasystems). On the other hand, new trends have come to the fore in recent years, notably the emergence of systems from the People’s Republic of China among the world’s largest hotel systems. Keywords Hospitality • hotel megasystems • Chinese hotel chains Received: 30 September 2014 © University of Warsaw – Faculty of Geography and Regional Studies Accepted: 18 August 2015 Introduction A large proportion of hotels worldwide are owned by a few systems, non-cash settlements, launching new services for clients dozen so-called chains or systems, many of which operate and new technological solutions in catering, and so on.
  • Destination Hotels & Resorts Elite Four Seasons Hilton

    Destination Hotels & Resorts Elite Four Seasons Hilton

    Destination Hotels & Resorts Amanda Anderson – Regional Director of Sales 24488 Mozer Drive Laguna Niguel, CA 92677 Phone: (949) 305-4127 Fax: (949) 305-4127 Cell: (949) 813-6860 [email protected] Kathy Marshall – Regional Director of Sales The Argent Hotel 50 Third Street San Francisco, CA 94104 Phone: (415) 974-8737 Fax: (415) 974-8748 Cell: (415) 637-6192 [email protected] Elite Rita Conner - President 2002 Ernest Ave. Redondo Beach, CA 90278 Office: (310) 379-4295 Fax: (310) 379-5694 [email protected] • Antigua o Galley Bar o St. James Clubs & Villas o Occidental Grand Pineapple o Dian Bay Resort & Spa o The Verandah • St. Kitts o Sugar Bay Club • St. Lucia o Village Inn & Spa o Windjammer Landing Villa Beach Resort • The Grenadines o Palm Island • Tortola o Long Bay Beach Resort & Villas Four Seasons Charae Foust – Regional Sales Manager Four Seasons Los Angeles Worldwide Sales Office 350 S. Beverly Dr., Suite 220 Beverly Hills, CA 90212 Phone: (310) 712-1488 Fax: (310) 274-2620 [email protected] Hilton Richard Peterson – National Sales Western Region 5757 Century Boulevard, Suite 410 Los Angeles, CA 90045 Phone: (310) 665-1357 Fax: (310) 641-2721 Cell: (310) 819-7042 [email protected] • Conrad Hotels • Doubletree • Embassy Suites Hotels • Hampton Inns & Suites • Hilton Garden Inn • Hilton Grand Vacations Club • Homewood Suites by Hilton Hyatt David Riederman – Director of Worldwide Accounts 780 Third Ave 17th FL New York, NY 10017 Phone: 212-521-1251 Fax: 212-521-1245 [email protected] KSL Michael Erickson - Vice President of Sales 50-905 Avenida Bermudas La Quinta, CA 92253 Office: (760) 564-8019 Cell: (213) 610-6817 Fax: (760) 564-8004 [email protected] Wendy Bolte - Southwest Director of Sales 833 S.
  • U.S.-Cuba Trade and Economic Council, Inc. New York, New York Telephone (917) 453-6726 • E-Mail: Council@Cubatrade.Org

    U.S.-Cuba Trade and Economic Council, Inc. New York, New York Telephone (917) 453-6726 • E-Mail: [email protected]

    U.S.-Cuba Trade and Economic Council, Inc. New York, New York Telephone (917) 453-6726 • E-mail: [email protected] Internet: http://www.cubatrade.org • Twitter: @CubaCouncil Facebook: www.facebook.com/uscubatradeandeconomiccouncil LinkedIn: www.linkedin.com/company/u-s--cuba-trade-and-economic-council-inc- If NH Hotel Group Is Sued Using Libertad Act, One Defendant Would Be Former U.S. Citizen Who Now Controls Company Madrid, Spain-based NH Hotel Group (2018 revenues approximately US$1.8 billion), which is 94.13% owned by Bangkok, Thailand-based Minor International Public Company Limited (2018 revenues approximately US$2 billion). LINK: https://www.minor.com/en NH Hotel Group manages two properties in the Republic of Cuba: 220-room NH Capri La Habana and 31- room NH Collection Victoria La Habana and one property in the United States: 288-room NH Collection New York Madison Avenue. “William Heinecke is the chairman and CEO of hospitality group Minor International, the company he founded as a cleaning business when he was 17 — still a minor — four years after relocating to Bangkok with his family. Throughout his 20s and 30s, it evolved into one of Thailand’s leading hospitality chains, and Heinecke said he felt he owed it to the country that “adopted” him to show his dedication to doing business there. Eight years after becoming a naturalized Thai citizen in 1991, William Heinecke was 42 when he did something drastic: He walked into the U.S. embassy in Bangkok, handed over his passport and renounced his citizenship.” “He holds an Honorary Doctorate of Business Administration in Management from Yonok University, Lampang.
  • Quarterly Newsletter – Q2 2014

    Quarterly Newsletter – Q2 2014

    30 Warwick Street London W1B 5NH www.jll.com/hospitality EMEA Quarterly Newsletter – Q2 2014 Industry Trends • According to the World Travel & Tourism Council (WTTC), demand for international tourism remained strong in the first four months of 2014. International tourism arrivals grew 5%, the same rate as full year 2013. Prospects for the current peak tourism season remain very positive with over 450 million tourists expected to travel abroad in the May-August 2014 period. • Destinations worldwide received 317 million international overnight visitors between January and April 2014, 14 million more than in the same period of 2013. This 5% growth consolidates the strong increase registered for 2013 and is well above the long-term trend projected by the UNWTO for the period of 2010-2020 (3.8%). • The strongest growth was seen in Asia and the Pacific and the Americas (both up 6%), followed closely by Europe and Africa (up 5%). By sub-region, Northern Europe, South and Mediterranean Europe, North Africa and South Asia (all up 8%) were the star performers. • In terms of tourism expenditure, growth continues to be strong from emerging markets, in particular China, the Russian Federation, Saudi Arabia and India. Furthermore, demand from advanced economies is strengthening as the global economic situation gradually improves, with encouraging growth posted for Italy, Australia, the Republic of Korea, the Netherlands, Norway and Sweden. • According to the UNWTO confidence index, prospects remain very positive for the period May- August 2014. Confidence has picked up, particularly among the private sector, and improved further in Europe, the Americas, Asia and the Pacific and the Middle East.
  • Strictly Hospitality Seminar

    Strictly Hospitality Seminar

    ADVANCE REGISTRATION DEADLINE: SEPTEMBER 2 , 2 0 1 1 STRICTLY HOSPITALITY SEMINAR SEPTEMBER 22–23, 2011 IN-HOUSE SPEAKERS FIRESKY RESORT INCLUDING SCOTTSDALE, ARIZONA DORINA HERTNER ACCOR NORTH AMERICA STUART M. KREINDLER CHOICE HOTELS INTERNATIONAL INC. LESTER E. WASHINGTON, JR. MARRIOTT INTERNATIONAL TONY FASO ROYAL CARIBBEAN CRUISES LTD. KORIN A. NEFF REASONS TO ATTEND WYNDHAM WORLDWIDE CORPORATION Learn about the latest legal issues facing the hospitality industry from bedbugs and foodborne illnesses to employee immigration issues, security matters and post-accident investigations Network with hospitality lawyers across the industry whose clients include restaurants, hotels and cruise lines Earn up to 12 hours of CLE, including 1 hour of ethics credit DRI’s Strictly Hospitality Seminar is Program Schedule 3 specifically tailored to educate those within the hospitality industry on strategies for General Information 6 handling the top issues affecting the industry today. The seminar is packed with practical presentations and the relevant law that governs Seminar Sponsors 7 the hospitality industry from start to finish. This one-stop seminar is a must for the hospitality provider and outside hospitality lawyer. 2011–2012 Seminar Schedule 7 Faculty Biographies 8 Membership Application 11 Cynthia P. Arends Paul Caleo Registration Form 12 Program Chair Committee Chair William F. Ray WHAT YOU WILL LEARN Law Institute n What you need to do as a hospitality provider to protect your guests and Presented by DRI’s employees during an infectious disease Retail and Hospitality Committee outbreak or a criminal or terrorist threat n What you need to do to comply with the Medicare Secondary Payor Act n How to comply with immigration requirements and handle an enforcement action n How to conduct investigations into data breaches or on-site accidents n How to anticipate changes brought about by the new Restatement provisions September 22–23, 2011 3 PROGRAM SCHEDULE what you need to know when employees or customers become sick.
  • 2018 Hotel Brand Reputation Rankings: USA & Canada

    2018 Hotel Brand Reputation Rankings: USA & Canada

    REPORT 2018 Hotel Brand Reputation Rankings: USA & Canada October 2018 INDEX Introduction 4 Methodology 6 The Importance of Brand Reputation 7 Key Data Points: All Chain Scales 8 Key Findings 9 Summary of Top Performers 10 ECONOMY BRANDS Overview 13 Top 25 Branded Economy Hotels 14 Economy Brand Ranking 15 Economy Brand Ranking by Improvement 16 Economy Brand Ranking by Service 17 Economy Brand Ranking by Value 18 Economy Brand Ranking by Rooms 19 Economy Brand Ranking by Cleanliness 20 Review Sources: Economy Brands 21 Country Indexes: Economy Brands 22 Response Rates: Economy Brands 22 Semantic Mentions: Economy Brands 23 MIDSCALE BRANDS Overview 24 Top 25 Branded Midscale Hotels 25 Midscale Brand Ranking 26 Midscale Brand Ranking by Improvement 27 Midscale Brand Ranking by Service 28 Midscale Brand Ranking by Value 29 Midscale Brand Ranking by Rooms 30 Midscale Brand Ranking by Cleanliness 31 Review Sources: Midscale Brands 32 Country Indexes: Midscale Brands 33 Response Rates: Midscale Brands 33 Semantic Mentions: Midscale Brands 34 UPPER MIDSCALE BRANDS Overview 35 Top 25 Branded Upper Midscale Hotels 36 Upper Midscale Brand Ranking 37 Upper Midscale Brand Ranking by Improvement 38 Upper Midscale Brand Ranking by Service 39 Upper Midscale Brand Ranking by Value 40 Upper Midscale Brand Ranking by Rooms 41 Upper Midscale Brand Ranking by Cleanliness 42 Review Sources: Upper Midscale Brands 43 Country Indexes: Upper Midscale Brands 44 Response Rates: Upper Midscale Brands 44 Semantic Mentions: Upper Midscale Brands 45 Index www.reviewpro.com
  • China Hotel Market (5Th Consecutive Survey on the Influence of the Coronavirus Outbreak) 2021 Q2

    China Hotel Market (5Th Consecutive Survey on the Influence of the Coronavirus Outbreak) 2021 Q2

    Singapore: Hotel Market Market Report - March 2019 SENTIMENT SURVEY China Hotel Market (5th Consecutive Survey on the Influence of the Coronavirus Outbreak) 2021 Q2 APRIL 2021 China Hotel Market Sentiment Survey – April 2021 With Large-scale Vaccination, the Market is Expected to Pick up Significantly 2021 Q2 Sentiment Score -14 31 32 27 Under the influence 18 23 9 3 of Covid-19 -9 -9 outbreak -14 -32 -40 1 -47 -12 -88 -116 14 First 14 15 First 15 16 First 16 17 First 17 18 First 18 19 First 19 Feb Jun Sep Jan Mar Half Second Half Second Half Second Half Second Half Second Half Second 2020 2020 2020 2021 2021 Half Half Half Half Half Half Question: Compared with the second quarter 2021 Q1 Hotel Market Performance Outlook of 2019, what’s your prediction on the overall 100% hotel market performance of the second quarter of 2021? 80% Occupancy With the normalization of domestic epidemic prevention and the large- 60% scale vaccination, the market confidence has been greatly improved. The sentiment score of Q2 2021 reached a peak since the Covid-19 outbreak, 40% even exceeding the score in the second half of 2019. 34% of the respondents predict that the overall occupancy rate of Q2 2021 will 20% recover to the same level of Q2 2019. 29% of the respondents even believe that the occupancy rate will be higher. Benefiting from the return 0% of high-value tourists, the sentiment score of Hainan increased 24 points OCC ADR Total Rev compared with that of last survey to 29, showing positive market Mu ch Worse Wo rse expectations.
  • Hotel Solution Complete Package Solution for an Invigorating Indoor Climate in Hotels Indoor Climate Matters

    Hotel Solution Complete Package Solution for an Invigorating Indoor Climate in Hotels Indoor Climate Matters

    Hotel Solution Complete package solution for an invigorating indoor climate in hotels Indoor climate matters AIR TEMPERATURE HUMIDITY AIR QUALITY DRAUGHT SOUND LEVEL How important is comfort? Research shows that there is a distinct link between the quality of the indoor climate and sleep. For hotel guests a good night’s sleep is an important requirement that must be met. Meeting or preferably exceeding the expectations of the guests gives you satisfied customers who gladly return to your hotel. Swegon Hotel Solution creates an optimal indoor climate with the lowest possible energy consumption. It means the hotel staff can focus on the guests' other requirements. Victoria Tower Hotel, Stockholm Energy efficiency matters INTEGRATED SYSTEMS EPBD & LEGISLATION ENERGY SOURCES LIFE CYCLE COST (LCC) How important are operating costs? Conditions for low operating costs are created through a demand- controlled indoor climate. Frequently, the total need of the property is reduced when ventilation, heating and cooling are concentrated to areas where there is a demand. In most cases, this reduces investment and operating costs and reduces the installation time. Swegon's products are designed for optimum performance and integration. Irrespective of whether you choose individual products or complete systems, maximum energy efficiency and operating economy are guaranteed. The future matters How can you influence the climate? Reducing the energy-need necessary to create the indoor climate also reduces your carbon footprint Swegon helps you attain this by demand-controlling the climate in each room. The result is a comfortable indoor climate with minimal energy consumption and maximum energy recovery. This definitely has a positive impact on the climate and environment.