Q Hotel Market Analysis
|
|
- Ariel McDaniel
- 5 years ago
- Views:
Transcription
1 Q Hotel Market Analysis Strategic transactions rise as asset squeeze continues
2 INTRODUCTION The last quarter of the 2018 financial year delivered a boom for inbound tourism numbers, delivering strong RevPAR results for the top end of the country, but limited transaction volumes increased competitive tension amongst investors keen to secure assets in the core Australian market. Australia and New Zealand recorded a strong opening quarter for inbound tourism, with record occupancy rates in Australia demonstrating the reason why it remains a highly sought after hotel investment destination. Nonetheless, continued short supply in Sydney, Melbourne, Gold Coast, Canberra, Auckland and Queenstown has dampened sales results compared to previous years. With opportunistic acquisitions subject to rising competitive tension, the focus for some turned to strategic transactions. Asia Pacific is in the midst of an unparalleled merger and acquisitions boom across the board and dealmaking from globally branded operators such as IHG, Marriott and Accor overshadowed the typical hotel real estate headlines. Mid-tier international operators Prince Hotels and Minor also came out on the acquisition trail, expanding their growing portfolios. We welcome you to this edition of the ipg Hotel Market Analysis and invite thoughts, comments and feedback as to additional insights, data points or analysis you would like to see in future editions. ipg Q Hotel Market Analysis - 2 -
3 Tourism Overview Inbound Action Inbound arrivals remained strong over the quarter with China continuing to supercede New Zealand as the largest source of international visitation, and continuing a growth trend that commenced in September Economic benefits from inbound tourism were also strong with data to the end of March showing inbound visitors spending up to $42.3 billion, up $2.4 billion on the previous year. Tourist arrivals to Australia, by origin, 12-month rolling total 1 1,500,000 1,000,000 New Zealand 500,000 China Year ending March 2018 VISITORS 8.3 MILLION 8% 3% 6% NIGHTS 269 MILLION SPEND $42.3 BILLION 1 ABS ipg Q Hotel Market Analysis - 3 -
4 Australia Hotel STR Snapshot Year to Date 2018 Darwin 70.6% Darwin $ Cairns $ Cairns 80.2% Brisbane 70.4% Brisbane $ Gold Coast $ Gold Coast 71.3% Perth 72.8% Adelaide 79.9% Melbourne 84.7% Sydney 87.5% Canberra 77.9% Perth $ Adelaide $ Melbourne $ Sydney $ Canberra $ Hobart 81.7% Hobart $ Australian City Occupancy Rate (%) Australian Average Daily Rate ($) Year to Date (January - June 2018) 1 PROPERTY Occ % ADR RevPAR Percent Change from YTD Occ ADR RevPAR Sydney Melbourne Brisbane Adelaide Cairns Gold Coast Perth Darwin Canberra Parramatta Hobart Sydney Airport STR Global ipg Q Hotel Market Analysis - 4 -
5 Monthly Results April: Seasonal benefits softer than expected The hotel sector performed well across the quarter, with Adelaide and the Gold Coast enjoying the windfalls of event driven numbers. For example, the XXI Commonwealth Games delivered the expected boost to the Gold Coast with a $40 spike in average daily rate (ADR). This did not translate directly into occupancy rates which were softer than expected for the month at 75%, up only 6.5% on the previous year. In South Australia, the Australian Tourism Exchange attracted 2,000 visitors to the capital, resulting in a 12.2% RevPAR increase. Performance in Sydney was dampened as a result of seasonal and school holidays across the month. Despite this, Sydney recorded the top revenue-per-available-room (RevPAR) results across the country for the month. Current Month (April 2018 vs April 2017) 1 PROPERTY Occ % ADR RevPAR Percent Change from April Occ ADR RevPAR Sydney Melbourne Brisbane Adelaide Cairns Gold Coast Perth Darwin Canberra Parramatta Hobart Sydney Airport STR Global ipg Q Hotel Market Analysis - 5 -
6 May: Top End records top results The top end of the country recorded strong results across the board. For example, Cairns RevPAR landed up 9.1% on previous years. This was followed by Darwin, Canberra and Gold Coast. Darwin appears to be on the rebound recording multiple months of growth. General leisure tourism has recorded successive growth over the past few months, creating new confidence in a market softened by the slowdown and windup of construction at the Japanese Impex gas plant. Direct flights commenced between the fast growing tech-hub of Shenzhen in China and Darwin in May. Watch for positive flow on effects from the twice-weekly service offered by Donghai Airlines. The Cairns hotel market enjoyed stellar occupancy rates, second only to Sydney. Current Month (May 2018 vs May 2017) 1 PROPERTY Occ % ADR RevPAR Percent Change from May Occ ADR RevPAR Sydney Melbourne Brisbane Adelaide Cairns Gold Coast Perth Darwin Canberra Parramatta Hobart Sydney Airport STR Global ipg Q Hotel Market Analysis - 6 -
7 June: Major markets flat, outliers buoyant The final month of the financial year saw customary flat results in the corporate centres of Sydney, Melbourne and Brisbane while Canberra performed well. The greater Sydney region was buoyed by Parramatta, where a 15.7% increase on RevPAR was recorded over the same period for This was driven by peak demand for office space with vacancy for Premium and A grade offices sitting at less than 1% and a surge in construction. The capital of Canberra also bucked the trend, recording double digit growth attributed to a revitalised tourism strategy positioning the city as a food and wine destination. Strong results were further underpinned by new international connections with premier carriers Singapore Airlines and Qatar Airways. Flow on effects from the Commonwealth Games continued for the Gold Coast underpinned by increased emphasis on the city s MICE (Meetings, Incentives, Conferences, Events) channels. For example, hosting events such as Logies, Dally M s and the returning RICS event, buoyed the market through the traditionally slower June month. Current Month (June 2018 vs June 2017) 1 PROPERTY Occ % ADR RevPAR Percent Change from June Occ ADR RevPAR Sydney Melbourne Brisbane Adelaide Cairns Gold Coast Perth Darwin Canberra Parramatta Hobart Sydney Airport STR Global ipg Q Hotel Market Analysis - 7 -
8 3,046 rooms across 23 hotels to be divested by AccorInvest Hotel real estate and transactions Divestments Hotel transactions for the second quarter were sparse in most markets. Elanor Investors Group divested one of the largest accommodation complexes in the country, selling Mantra and Breakfree Bell City to Gaw Capital for AU$157m. Breakfree on Clarence also left the Elanor portfolio. The boutique 50-room Sydney hotel was acquired by Chinese Plantation Group in a deal valuation mooted at AU$30m. Innovation ipg s group company SB&G introduced the world s first voco Hotel, revealing the recently acquired Watermark Gold Coast hotel will market under a new lifestyle brand from IHG (Intercontinental Hotels Group). This is IHG s second brand unveiling, following the purchase of the luxury brand, Regent Hotels & Resorts. Opportunity A stronger third quarter is anticipated for transactions. Assets confirmed to be coming on to the market include the QT Port Douglas, Tanglalooma Resort in Queensland, Westin & Aloft Perth, the Paramount Hotel Sydney and Pullman on the Park Melbourne, to name a few. The Sydney and Melbourne properties are sure to be heavily contested. ADIA s (Abu Dhabi Investment Authority) is placing the highly coveted portfolio of Pullman, Novotel & Ibis Sydney Olympic Park & Novotel Canberra hotels on the block. The most significant market buzz was created with the announcement that AccorInvest will divest a portfolio of 23 hotels, including 17 freehold real estate interests and six leasehold interests, collecting a total of 3,046 rooms. Watch this space. Location: voco Gold Coast ipg Q Hotel Market Analysis - 8 -
9 Hotel Operators & Brand Acquisitions Accor Appetites High On the Brand Wagon Accor s spending spree has dominated the hotel market headlines. Already the largest hotel operator in the country, Accor required and received approval from the ACCC (Australian Consumer Competition Commission) to proceed with acquisition of the Mantra suite of brands, including its namesake Mantra properties, Peppers, Breakfree and the Art Series collection. Thai group, Minor Hotels & Resorts, purchased a 25% stake in Spanish hotel group, NH Hotel Group, from Chinese conglomerate, HNA Group. HNA continues to divest its global portfolio following the tragic loss of its founder, Wang Jiang, selling its stake in Hilton, Radisson and Red Lion Hotels. This quarter was characterised by hungry operators pivoting to the acquisition of existing hotel businesses and established brands, in a market starved of hotel real estate. The Swiss branded Movenpick Hotels & Resorts, the Latin American group Atton Hoteles and the luxury lifestyle hotel collection of sbe renowned for its SLS, Mondrian and Originals brands have also been netted by the French operator, which has underpinned expansion by announcing a new sales and marketing partnership with one of China s largest online travel agent, Ctrip. The initiative will provide customers with seamless access to Accor s global network. World first for IHG in Australia The ground is settling for Japanese conglomerate, Seibu Holdings following its 2017 acquisition of the StayWell Hospitality Group. The owner of Prince Hotels & Resorts has collected the Policy and Leisure Inn and Park Regis brands, becoming the new brand house under which falls ipg s flagship Park Regis City Central Sydney. Chinese hotel operator, Artyzen joined the acquisition brand wagon and entered into a joint venture to roll out of the highly acclaimed European boutique hotel brand, CitizenM, throughout the Asia Pacific. International Hotels Group (IHG) acquired Taiwanese luxury brand, the Regent for $39USD million for a 51% stake and launched its new upscale hotel brand voco with the first such branded hotel in the world to open in Australia. Heavyweights on Point Marriott s acquisition of Starwood is nearing its two year anniversary. The heavyweight merger brand marked the occasion with the opening of two Four Points by Sheraton hotels; Docklands Melbourne and Broadway in Sydney. Location: Mondrian Doha ipg Q Hotel Market Analysis - 9 -
10 Location: Crowne Plaza Sydney Operator Owned vs Managed Hotels The Chinese inbound market is gaining hotel market share in Australia as Chinese investment groups increase their acquisition profile in Australian hotels. For instance, the opening of the Primus Hotel in Sydney s mid-city precinct set the stage for Greenland and Dalian Wanda s brand Wanda Vista which will soon hit the market in Circular Quay s dress circle, flagged on the Alfred Street mixed-use hotel development site sold to the Yuhu Group earlier this year. Whilst the Chinese inbound market is making considerable gains in the Australian hotel market share, the reliance of hotels on international tourists as their primary source of business may mirror the unprofitable scenes that many international Australian hotels were afflicted with during the 1980 s to 1990 s. This experience and the lessons learned during the GFC should serve to remind hoteliers not to underestimate the scale of the Australian domestic travel market and the local demand drivers of their hotels. As numerous new hotel brands driven by the major chains penetrate the Australian market, independent hotel owners may still continue to have flexibility when borrowing the assistance of major internationally branded hotel groups. Such examples include, Accor s Franchise Plus model, which offers hotel owners an experienced local General Manager from its vast nursery of skilled management personnel, whilst maintaining owner operator status of the property. Marriott s white label solution the Luxury Collection brand offers hotel owners the flexibility of attaching their own brand to the hotel. Likewise with IHG s Kimpton brand and the TFE Collection offered by TFE Hotels. Man-chise, a hybrid solution of a management agreement and franchise, offered by Radisson and Accor, allows hotel owners to be under a fully managed package for the first 3 to 5 years of ramp up before deferring back to a franchise model, turning over the hotel back to the owner to manage on their own under the respective hotel brand. Why are these examples relevant? Foreign owned Australian hotels in need of debt financing may be asked by local banks and lenders to undertake the support of a hotel brand franchise, accompanied by an experienced hotel asset manager. This signals an element of heightened risk awareness for the major banks and lenders. This is enough to suggest this model is prudently on trend and a smart way to mitigate the risk profile of hotel owners that are new to the Australian market. ipg Q Hotel Market Analysis
11 Company Profiles Raymond Tran Hotel Investment & Asset Manager Sydney, Australia Raymond, an experienced hotelier and real estate executive has over 20 years of hotel accommodation operations and real estate experience, serving five of those years in the capacity of General Manager followed by Executive Management roles. Raymond s career span included tenures with major international hotel groups which included Starwood, Fairmont & Raffles, Delta, Stamford, Choice, Seasons, Oaks and Accor. In his time with Colliers International, Raymond specialised in hotel brokerage, asset management and advisory and had achieved approx. $307m of transaction sales across Australia, including a variety of high profile operator selections. James Weaver Head of Property Melbourne, Australia James is Head of Property for ipg, where he applies more than 25 years cross-disciplinary experience in the property sector which included tenures with institutional groups including Charter Hall, Macquarie Bank and Freehills. James versatility stems from his proficiency as a property lawyer, with his tenure extending into asset management, property capital transactions and funds management. In his time with Macquarie Bank, James total portfolio was in excess of $1 billion in capital value under his management. CONCLUSION This second quarter of the 2018 financial year demonstrated that a well balanced and diversified source of market drivers will lead to long-term sustainable growth of both the accommodation and its surrounding markets. The steady growth in the emerging markets of Adelaide and Canberra are testament to this fact, and to the efforts of the State tourism bodies in South Australia and the ACT. Brands abound but consolidation is creating a tough competitive battlefront amidst a shrinking number of major hotel groups. This will squeeze availability of management opportunities within key markets for smaller sized and new entrant owner operators. A keen eye from fast paced advisors will help hotel owners monitor their opportunities closely over the near short term horizon. ipg Q Hotel Market Analysis
12 iprosperity Pty Ltd does not give any warranty in relation to the accuracy of the information contained in this report. If you intend to rely upon the information contained herein, you must take note that the information, figures and projections have been provided by various sources and have not been verified by us. We have no belief one way or the other in relation to the accuracy of such information, figures and projections. iprosperity Pty Ltd will not be liable for any loss or damage resulting from any statement, figure, calculation or any other information that you rely upon that is contained in the material iprosperity.com
Q Hotel Market Analysis
Q1 2018 Hotel Market Analysis Chinese investors lead acquisitions INTRODUCTION The Australian hotel market had a strong end to 2017 and start to 2018, with the eastern seaboard states of New South Wales,
More informationAsian tourist growth boosting hotel performance
Visitors Australia Hotels Q2 Asian tourist growth boosting hotel performance $18 $139 7.7% 7.1 million +8% *Arrows indicate change from previous year. Key Points CONTINUED STRONG GROWTH FROM THE ASIAN
More informationContinued yield compression in regional markets
MARKETVIEW Australia Hotels Q3 Continued yield compression in regional markets $18 $1 7.7% 7.2 million +9% *Arrows indicate change from previous year. Key Points ASIAN INVESTORS DOMINATE TRANSACTIONS Annual
More informationGREATER SYDNEY SUPPLY & DEMAND. Tourism Accommodation Australia 31 May 2017
GREATER SYDNEY SUPPLY & DEMAND Tourism Accommodation Australia 31 May 2017 OVERVIEW 1 Trading Performance 4 Summary 2 Supply & Demand 5 Questions 3 Hotel Investment Market TRADING PERFORMANCE Sydney City
More informationCanberra survives leadership challenge
MARKETVIEW Australia Hotels, Q3 Canberra survives leadership challenge $186 $11 7.8% 7.9million +1% *Arrows indicate change from previous year. Key Points CANBERRA MAINTAINS ITS GRIP ON TOP SPOT AND DARWIN
More informationPeppers Docklands, Melbourne
Peppers Docklands, Melbourne Contents Mantra Group Overview State of Market 8 3 Australian Market Mantra Group 18 24 Mantra Salt, Kingscliff Peppers Noosa, Noosa Mantra Group* CBD - RevPAR (A$) Largest
More informationHospitality Market Snapshot Nairobi & Its Suburbs. June 2016
Hospitality Market Snapshot Nairobi & Its Suburbs June 2016 Kenya Nairobi In this issue 3 Nairobi Economic Overview Current Room Supply & Outlook 3 4 4 4 5 CBD 6 Westlands & Surrounds & Surrounds 7 Upper
More informationMARRIOTT INTERNATIONAL 2017 SECURITY ANALYST MEETING. March 21, 2017
MARRIOTT INTERNATIONAL 2017 SECURITY ANALYST MEETING March 21, 2017 FORWARD LOOKING STATEMENTS, NON GAAP FINANCIAL MEASURES, AND INFORMATION FOR 2016 AND 2015 This material contains forward looking statements
More informationQuarterly Report Doha Hotels Q Doha Q Review. Hotel Market
Quarterly Report Doha Hotels Q2 2016 Doha Q2 2016 Review Hotel Market Doha SUPPLY Doha saw an influx of 538 hotel keys in Q2 2016. The most recent openings included properties such as the Moevenpick Al
More informationAcceleration of tourism
Belgrade 217 Tourism & Hotel Outlook Regulated by RICS Tourism & Hotel Market Outlook 217 LeRoy Realty Consultants 1 The growth of travel & tourism industry considerably outperforms that of the local economy
More informationPartners WE IMAGINE YOUR FUTURE WE ENSURE YOUR SUCCESS
Partners WE IMAGINE YOUR FUTURE WE ENSURE YOUR SUCCESS 201 8 2 01 9 AccorHotels Network AccorHotels Pipeline We are globally competitive OVER 4,500 HOTELS OVER 650,000 ROOMS 960 HOTELS OVER 167,000 ROOMS
More informationSingapore Market Outlook 2008
Singapore Market Outlook 2008 Prepared by: HVS 152 Beach Road #13-02/03 Gateway East Singapore 189721 Tel: +65 6293 4415 Fax: +65 6293 5426 HVS is the World s Leading Hotel & Resort Consulting, Valuation
More informationDarwin and The Gold Coast shine
MARKETVIEW Australia Hotels, Q2 218 Darwin and The Gold Coast shine $188 $144 76.4% 8.3million 6.% *Arrows indicate change from previous year. Key Points DARWIN AND GOLD COAST PIP ADELAIDE AND CAIRNS AS
More informationThis document provides a summary of the Deloitte Access Economics Tourism and hotel market outlook. To access the complete edition or to discuss how
2014 Tourism and hotel market outlook Executive summary edition, July 2014 This document provides a summary of the Deloitte Access Economics Tourism and hotel market outlook. To access the complete edition
More information1Q FY2014/15. Financial Results Presentation. 13 August 2014 S Y D N E Y M E L B O U R N E B R I S B A N E C A I R N S
1Q FY2014/15 Financial Results Presentation 13 August 2014 S Y D N E Y M E L B O U R N E B R I S B A N E C A I R N S B E I J I N G T O K Y O O S A K A S I N G A P O R E Disclaimer This presentation on
More informationQuarterly Report Egypt Hotels Q Egypt Quarterly Review & Forecast 4 Key Cities
Quarterly Report Egypt Hotels Q1 2016 Egypt Quarterly Review & Forecast 4 Key Cities Contents Cairo... 3 Sharm El Sheikh... 4 Hurghada... 5 Alexandria... 6 2 Cairo SUPPLY Forthcoming pipeline in Cairo
More informationASIA PACIFIC SIGNIFICANT GROWTH OPPORTUNITIES FOR HOTEL CHAINS
JANUARY 2012 ASIA PACIFIC SIGNIFICANT GROWTH OPPORTUNITIES FOR HOTEL CHAINS Zhang Jiahao, ASSOCIATE HVS Singapore David Ling, CHAIRMAN HVS China & Southeast Asia www.hvs.com HVS Global Hospitality Services
More informationOccupancy softening across major markets
Australia Hotels, Q3 218 softening across major markets $188 $143 7.8% Arrivals YE Mar-18 8.3million Visitor Spend YE Jun-18 7. *Arrows indicate change from previous year. Key Points Annual growth for
More informationMARRIOTT INTERNATIONAL, INC. PRESS RELEASE SCHEDULES QUARTER 4, 2016 TABLE OF CONTENTS
PRESS RELEASE SCHEDULES QUARTER 4, 06 TABLE OF CONTENTS Consolidated Statements of Income - As Reported A- Consolidated Statements of Income - Fourth Quarter Adjusted 06 Compared to Combined 05 A-3 Consolidated
More informationAirport forecasting is used in master planning to guide future development of the Airport.
Airport Forecasts Airport forecasting is used in master planning to guide future development of the Airport. 4.1 INTRODUCTION Airport forecasting ensures development is appropriate for passengers, ground
More informationChina Lodging Group (HTHT.US) Investor Presentation March 2016
China Lodging Group (HTHT.US) Investor Presentation March 2016 Agenda Our Vision Who We Are Company Highlights Strategic Focus Operational and Financial Review Q & A 1 Our Vision We will build a world-class,
More informationThe Proposed Joint Ventures with The Straits Trading Company Limited And Toga Pty Ltd
The Proposed Joint Ventures with The Straits Trading Company Limited And Toga Pty Ltd DISCLAIMER This Presentation should be read in conjunction with the Circular to Shareholders dated 24 June 2013 issued
More informationPAN PACIFIC HOTELS GROUP LIMITED 2010 FULL YEAR RESULTS BRIEFING 22 FEB 2011
PAN PACIFIC HOTELS GROUP LIMITED 2010 FULL YEAR RESULTS BRIEFING 22 FEB 2011 2010 RESULTS OVERVIEW STRATEGIC & OPERATIONS HIGHLIGHTS NEO SOON HUP CHIEF FINANCIAL OFFICER 2 CONTENTS Focus and Highlights
More informationUS Lodging Real Estate Cycle
US Lodging Real Estate Cycle Earnings Development Lending Transactions Peak New Hotel Openings Peak Earnings Peak Transaction Activity New Project Announcements Full Operating Recovery Wall St. Activity
More informationSET Opportunity Day #3/2011
SET Opportunity Day #3/2011 2Q11 & 1H11 Performance & Outlook 18 August 2011 The views expressed here contain some information derived from publicly available sources that have not been independently verified.
More informationHotel market sentiment remains upbeat on the back of healthy tourism growth
MARKETVIEW Asia Pacific Hotels, H2 2018 Hotel market sentiment remains upbeat on the back of healthy tourism growth 2018 ADR US$104.5 2018 Occupancy 49 bps 2018 RevPAR US$74.1 2018 Investment Volume US$12.4
More informationPRESENTERS. Cliff Risman. Allen R, Wolff, Esq. Partner, Gardere. Executive Vice-President, Valencia Group
PRESENTERS Cliff Risman Partner, Gardere Cliff advises clients in the development, acquisition, financing, and operation of domestic and international hotel, resort, and mixed-use properties and the negotiation
More informationAustralia s. The Northern Territory is experiencing solid growth in visitor numbers driven by a strong economy. Northern Territory
Australia s Northern Territory Australia s Northern Territory is a strategic market for tourism investment, with its well established reputation as an iconic tourism destination located on the doorstep
More informationDriving global growth
Holiday Inn, Manhattan Financial District Driving global growth Paul Edgecliffe Johnson Group CFO IHG has a consistently executed, winning strategy for high quality growth Value creation: superior shareholder
More informationNew Tourism Strategic Plan Northern Territory
New Tourism Strategic Plan Northern Territory Submission of Accommodation Association of Australia, 2012 EXECUTIVE SUMMARY Without it being overly detrimental to existing tourism accommodation businesses,
More informationIs NYC coming back sooner than we think?
Research Is NYC coming back sooner than we think? 23 AUGUST 2016 7:26 AM New York City and its Manhattan submarket could rebound sooner than expected with the amount of foreign capital coming in and a
More informationRESULTS PRESENTATION 22 FEBRUARY 2019
RESULTS PRESENTATION 22 FEBRUARY 2019 H A L F Y E A R E N D E D 3 1 D E C E M B E R 2 0 1 8 EVENT YEAR END RESULTS WEBCAST AND DIAL IN DETAILS FRIDAY 22 FEBRUARY 2019 9:00 AM (AEDT) Access a webcast of
More informationYTL Hospitality REIT A leading Asia Pacific hospitality REIT. First Quarter 2015 Financial Results
YTL Hospitality REIT A leading Asia Pacific hospitality REIT First Quarter 2015 Financial Results 20 November 2014 Key Highlights 1Q FY2015 Results Revenue is marginally lower at RM102.3 million as compared
More informationAbu Riyadh Dh Real Estate Overview Q Riyadh
Abu Riyadh Dh Real Estate Overview Q1 2012 Riyadh Market Milestones Q1 2012 Economic News The tourism sector has seen continued growth with the Saudi Commission for Tourism and Antiquities (SCTA) estimating
More informationChina Lodging Group (HTHT.US) Q Earnings Call August 17, 2017
China Lodging Group (HTHT.US) Q2 2017 Earnings Call August 17, 2017 Agenda Lodging Landscape in China Strategy Review Operational and Financial Review Q & A Appendix 1 Strong Demand: Domestic Travel Remains
More informationAUSTRALIAN AIRPORTS ASSOCIATION AUSTRALIAN AIRPORTS DRIVING TOURISM GROWTH
AUSTRALIAN AIRPORTS ASSOCIATION AUSTRALIAN AIRPORTS DRIVING TOURISM GROWTH AUSTRALIAN AIRPORTS DRIVING TOURISM GROWTH DRIVING ECONOMIC GROWTH In 2016-17 Australian airports added: $34.6 billion in economic
More informationState of the States October 2017 State & territory economic performance report. Executive Summary
State of the States October 2017 State & territory economic performance report. Executive Summary NSW ON TOP; VICTORIA CLOSES IN How are Australia s states and territories performing? Each quarter CommSec
More informationYTL Hospitality REIT A leading Asia Pacific hospitality REIT Second Quarter 2015 Financial Results. 12 February 2015
YTL Hospitality REIT A leading Asia Pacific hospitality REIT Second Quarter 2015 Financial Results 12 February 2015 Key Highlights 2Q FY2015 Results Revenue is marginally lower at RM113.2 million as compared
More informationChina Lodging Group (HTHT.US) Q4 and full year 2017 Earnings Call March 13, 2018
China Lodging Group (HTHT.US) Q4 and full year 2017 Earnings Call March 13, 2018 Agenda Strategy Review Operational and Financial Review Q & A Appendix 1 Strong RevPAR Growth Driven by ADR + Occupancy
More informationGrowth in annual revenue up 2.7% like-for-like and 1.5% as reported, with sustained business in emerging markets
Press Release Paris January 17, 2013 Growth in 2012 revenue, supported by the transformation of the business model *** Another year of record development, with the opening of more than 38,000 rooms Rapid
More informationMinor International Public Company Limited
Minor International Public Company Limited Management Discussion & Analysis MINT s financial performance as of 30th June 2008 Summary of Key Financial Performance 2Q08 Performance Minor International Public
More informationQuarterly Report Egypt Hotels Q Egypt Quarterly Review & Forecast 4 Key Cities 1 Hot Spot City
Quarterly Report Egypt Hotels Egypt Quarterly Review & Forecast 4 Key Cities 1 Hot Spot City Contents Cairo... 3 Sharm El Sheikh... 4 Hurghada... 5 Alexandria... 6 Hotspot: Ain El Sokhna... 7 2 Cairo Performance
More informationFrasers Commercial Trust. Portfolio details as at 30 June 2018
Frasers Commercial Trust Portfolio details as at 30 June 2018 25 July 2018 Portfolio Composition 2 Asset values Total: S$2,242.9 million as at 30 June 2018^ Singapore: S$1,239.6 million (55%) Australia:
More informationMARRIOTT INTERNATIONAL 2017 SECURITY ANALYST MEETING. March 21, 2017
MARRIOTT INTERNATIONAL 2017 SECURITY ANALYST MEETING March 21, 2017 FORWARD LOOKING STATEMENTS, NON GAAP FINANCIAL MEASURES, AND INFORMATION FOR 2016 AND 2015 This material contains forward looking statements
More informationAccommodation Market update
STR Global Ltd is the exclusive owner of all rights to hotel related data in this presentation and its content. Reproduction of all or a portion of this presentation for any purpose without prior approval
More informationYTL Hospitality REIT A leading Asia Pacific hospitality REIT Third Quarter 2014 Financial Results 20 May 2014
YTL Hospitality REIT A leading Asia Pacific hospitality REIT Third Quarter 2014 Financial Results 20 May 2014 1. Financial Highlights Key Highlights 3Q FY 2014 DPU up 5.1% from previous quarter to 2.08
More informationHOTEL SALES An analysis of hotel sales in Australia by Colliers International RESEARCH AND ANALYSIS REPORT CLIENT LOGO TO APPEAR HERE
CLIENT LOGO TO APPEAR HERE RESEARCH AND ANALYSIS REPORT HOTEL SALES 2017 An analysis of hotel sales in Australia by Colliers International Accelerating success. 2017: a year in review Following the three
More informationQUT BlueShift Business Case Competition 2018 Business Case
QUT BlueShift Business Case Competition 2018 Business Case Table of Contents Confidentiality... 2 1.0 Airlines in Australia... 3 2.0 Loyalty Programs... 4 3.0 Virgin Australia Group... 5 4.0 Velocity Frequent
More informationJUNE 2017 AUCKLAND ECONOMIC INSIGHTS SERIES ENGAGING GLOBALLY AUCKLAND S TRADING LINKAGES. aucklandnz.com/business nzier.org.nz
AUCKLAND ECONOMIC INSIGHTS SERIES ENGAGING GLOBALLY AUCKLAND S TRADING LINKAGES aucklandnz.com/business nzier.org.nz JUNE 2017 4 AUCKLAND ECONOMIC INSIGHTS SERIES 1 2 3 4 Advanced Industries Auckland s
More informationHOTEL SALES An analysis of hotel sales in Australia by Colliers International RESEARCH AND ANALYSIS REPORT CLIENT LOGO TO APPEAR HERE
CLIENT LOGO TO APPEAR HERE RESEARCH AND ANALYSIS REPORT HOTEL SALES 2017 An analysis of hotel sales in Australia by Colliers International Accelerating success. 2017: a year in review Following the three
More informationFOR IMMEDIATE RELEASE 26 APR 2017 CDL HOSPITALITY TRUSTS REPORTS TOTAL DISTRIBUTION OF S$24.1 MILLION FOR 1Q 2017
FOR IMMEDIATE RELEASE 26 APR 2017 CDL HOSPITALITY TRUSTS REPORTS TOTAL DISTRIBUTION OF S$24.1 MILLION FOR 1Q 2017 Net property income increased by 6.4% to S$35.9 million for 1Q 2017 Total distribution
More informationQuarterly Meeting# 4/2018
Quarterly Meeting# 4/2018 3Q18 & 9M18 Performance & Outlook 14 November 2018 1 2016 ERAWAN. All rights reserved. The views expressed here contain some information derived from publicly available sources
More informationTourism Performance Report Q1 2018
Tourism Performance Report Q1 2018 Introduction Qatar welcomed 535,302 visitors* in the first quarter of 2018, representing a 38% decline compared to the same quarter in 2017. This decline comes as a result
More informationUK Hotel Market Report 2012
UK Hotel Market Report 2012 2011: A year in review The UK was the most active hotel investment market in Europe, underpinned by a number of significant deals such as Blackstone Group s acquisition of the
More informationMinor International Public Company Limited
Minor International Public Company Limited Management Discussion & Analysis MINT s financial performance as of 30th September 2008 Summary of Key Financial Performance 3Q08 Performance Minor International
More informationMENA HOTEL MARKET REVIEW MUSCAT OMAN 2018
MENA HOTEL MARKET REVIEW MUSCAT OMAN 2018 www.trimideast.com 1 OMR (billion) MENA HOTEL MARKET REVIEW MUSCAT OMAN 2018 OMAN ECONOMIC OVERVIEW Oman s economy continues to be heavily reliant on hydrocarbons,
More informationQ revenue up 2.1% like-for-like to billion. Solid growth for HotelServices, up 4.7%, and HotelInvest, up 1.2%
Press Release Quarterly Information Paris April 17, 2014 Q1 2014 revenue up 2.1% like-for-like to 1.135 billion Solid growth for HotelServices, up 4.7%, and HotelInvest, up 1.2% Robust demand in every
More informationA-HTRUST to deepen presence in Japan with the acquisition of a portfolio of hotels
Press Release For Immediate Release A-HTRUST to deepen presence in Japan with the acquisition of a portfolio of hotels Deepens presence in Osaka, a gateway city with a strong hospitality market, which
More informationAloft - Element. By Marriott & starwood Hotel. SeaWorld Orlando, Florida
Aloft - Element By Marriott & starwood Hotel SeaWorld Orlando, Florida CONFIDENTIALITY AND DISCLAIMER The potential investments identified herein, if available, would be available only to an accredited
More informationMARKET REPORT. Sydney, Australia
MARKET REPORT Sydney, Australia AUGUST 218 Sydney, Australia ket Report - August 218 73% $9 DARWIN CAIRNS NORTHERN TERRITORY QUEENSLAND WESTERN AUSTRALIA BRISBANE 74% $7 SOUTH AUSTRALIA 75% $9 PERTH ADELAIDE
More informationStrong Demand Pushing Hotels to Choking Point
New Zealand, H1 2017 Strong Demand Pushing Hotels to Choking Point OCCUPANCY 0.4 p.p. ADR 11.8% y-o-y RevPAR 12.4% y-o-y International Arrivals 10.2% y-o-y Chart 1: International Visitor Arrivals 3,800,000
More informationThe business. Business opportunities throughout the value chain
The business Business opportunities throughout the value chain 36 Pandox Annual Report 2017 Pandox is an active hotel property owner with a business model based on long revenue-based leases with the best
More informationExpenditure Share of Visitors Visitor Expenditure expenditure nights per visitor
Table 23 Modelled domestic overnight visitor expenditure (a) in the top 20 regions ranked by expenditure, including airfares and long distance transport costs Year ended 31 March 2010 (a) (b) Expenditure
More informationQUARTERLY UPDATE 31 MARCH 2017
AUSTRALIAN PROPERTY OPPORTUNITIES FUND QUARTERLY UPDATE 31 MARCH 2017 The Australian Property Opportunities Fund (APOF I or the Fund) is pleased to provide this update for the March quarter 2017 (Q1 2017)
More informationGOLD COAST OFFICE OVERVIEW
GOLD COAST OFFICE OVERVIEW JANUARY 2014 Gold Coast OVERVIEW Gold Coast office stock at January 2014 totalled 459,890 sqm, down by almost 4,000 sqm on the mid-year stock level. Around 2,000 sqm of refurbished
More information$0.7bn total spend. 141,400 arrivals. 4m total nights. 17% dispersed nights 1. Indonesia Market Profile. Performance overview
Market Profile Performance overview In 2013, Indonesia was Australia s 12th largest inbound market for visitor arrivals, the 14th largest market for total expenditure, and 19th for visitor nights. It was
More informationROXY-PACIFIC & CHIP ENG SENG JOINTLY ACQUIRE GRADE A OFFICE BUILDING IN AUCKLAND, NEW ZEALAND, FOR NZ$174.0 MILLION
Roxy-Pacific Holdings Limited NEWS RELEASE ROXY-PACIFIC & CHIP ENG SENG JOINTLY ACQUIRE GRADE A OFFICE BUILDING IN AUCKLAND, NEW ZEALAND, FOR NZ$174.0 MILLION Centrally located in Auckland s core CBD,
More informationRESULTS PRESENTATION
RESULTS PRESENTATION YEAR ENDED 30 JUNE 2017 EVENT YEAR END RESULTS - WEBCAST AND DIAL IN DETAILS FRIDAY 25 AUGUST 2017 8:00 AM (AEDT) Access a webcast of the briefing at http://webcast.openbriefing.com/3955/
More informationASSET-LIGHT GROWTH IN EMERGING MARKETS
ASSET-LIGHT GROWTH IN EMERGING MARKETS KURT RITTER PRESIDENT & CEO Capital Market Day 3 June 2010, London REZIDOR UPDATE RADISSON ROYAL HOTEL, MOSCOW A HISTORY OF UNPARALLELED ORGANIC GROWTH 400+ Hotels
More informationWHERE BUSINESS LEADS MAKE YOUR MARK. A unique opportunity for investors and developers.
MAKE YOUR MARK WHERE BUSINESS LEADS A unique opportunity for investors and developers. Australia s only greenfield central business district within an existing urban area. 6 Dr Doug McTaggart Chairman,
More informationQuarterly Report Saudi Arabia Hotels Q Saudi Arabia Q Review 5 Key Cities 1 Hot Spot City
Quarterly Report Saudi Arabia Hotels Q2 2015 Saudi Arabia Q2 2015 Review 5 Key Cities 1 Hot Spot City Contents Riyadh... 3 Jeddah... 4 Makkah... 5 Madinah... 6 Greater Dammam... 7 Hot spot: Half Moon Bay,
More informationTransaction volume increases in 2017 amid steady regional hotel performance
MARKETVIEW Asia Pacific Hotels, H2 2017 Transaction volume increases in 2017 amid steady regional hotel performance US$103.4 220 bps US$73.5 US$11.7 Bn* Including deals worth more than USD 10m each, and
More informationFrasers Commercial Trust. Portfolio details as at 31 March 2018
Frasers Commercial Trust Portfolio details as at 31 March 2018 20 April 2018 Portfolio Composition 2 Asset values Total: S$2,219.2 million as at 31 March 2018^ Singapore: S$1,226.0 million (55%) Australia:
More informationIndustry. OH&LA Hospitality It s not all BLACK & WHITE. Duane Vinson Vice President
State of the Industry OH&LA Hospitality 2010 It s not all BLACK & WHITE Duane Vinson Vice President For a copy of this presentation go to www.hotelnewsnow.com Click on Industry Presentation Supply Growth
More informationRepresentative Project Qualifications. Singapore
Crowe Horwath International (CHI) is a worldwide organization of affiliated independent full-service accounting and consulting firms with more than 400 offices in over 100 countries. The organization s
More informationFIRST QUARTER
FIRST QUARTER 2007 1 WELCOME TO REZIDOR one of the fastest growing hotel companies in the world 300 250 200 150 100 FAST TRACK GROWTH FRESH & DYNAMIC MULTI-BRAND PORTFOLIO BRAND SEGMENT HOTELS ROOMS Upscale
More informationRevenue Gross Profit Profit Before Tax Profit After Tax
TA CORPORATION LTD (Incorporated in the Republic of Singapore on 7 March 2011) (Company Registration No. 201105512R) NEWS RELEASE TA CORPORATION 1Q2012 PROFIT AFTER TAX SOARS 113.5% to S$16.4 MILLION -
More information60 Greater China Industry Leaders Reign at the 7 th Annual TTG China Travel Awards
PRESS RELEASE Please embargo all information until 17 th April 2014, 10pm Shanghai Time 60 Greater China Industry Leaders Reign at the 7 th Annual TTG China Travel Awards Shanghai, 17 April 2014 Nearly
More informationHOTELIER MIDDLE EAST. General Manager Debate Market Presentation September Christopher Hewett Director TRI Consulting
HOTELIER MIDDLE EAST General Manager Debate Market Presentation September 2018 Christopher Hewett Director TRI Consulting TRI CONSULTING KEY FACTS 20 years Advising clients in the GCC, Middle East & Globally
More informationFrasers Commercial Trust. Portfolio details as at 30 September 2018
Frasers Commercial Trust Portfolio details as at 30 September 2018 19 October 2018 Portfolio Composition 2 Asset values Total: S$2,133.5 million as at 30 September 2018^ Singapore: S$1,140.4 million (54%)
More informationHOTEL MARKET SUPPLY AND DEMAND ANALYSIS
HOTEL MARKET SUPPLY AND DEMAND ANALYSIS February 4th, 2010 Daniel H. Lesser Senior Managing Director Industry Leader Hospitality & Gaming Group CB Richard Ellis, Inc. One Penn Plaza, Suite 1835 New York,
More informationSPONSOR OPPORTUNITIES
24-26 JULY 2018 SPONSOR OPPORTUNITIES PRODUCED BY: IN ASSOCIATION WITH: 24-26 JULY 2018 HotelsWorld Takes YOU to the Heart of the Action Welcome to Australia and new Zealand s leading annual conference
More informationAIR PASSENGER MARKET ANALYSIS
Monthly RPK (Billions) Monthly FTK (Billions) Index of business confidence % change over year AIR PASSENGER MARKET ANALYSIS NOVEMBER 2013 KEY POINTS Air travel markets increased at a solid rate in November,
More informationWE IMAGINE YOUR FUTURE WE ENSURE YOUR SUCCESS
WE IMAGINE FUTURE WE ENSURE SUCCESS ACCORHOTELS GLOBAL DEVELOPMENT SUMMARY 2018 1 AccorHotels global player 29% * Europe ** We are a leading hotel operator AccorHotels is a global hotel operator, as well
More informationPREMIUM TRAFFIC MONITOR DECEMBER 2014 KEY POINTS
PREMIUM TRAFFIC MONITOR DECEMBER 2014 KEY POINTS International air travel recorded another moderate rise to end 2014, up 3.6% in December compared to a year ago. The annual expansion was in line with the
More information2012 Coach & Charter Seminar. 21 February 2012 Presented by Amanda Coghlan Strategic Insights Analyst
2012 Coach & Charter Seminar 21 February 2012 Presented by Amanda Coghlan Strategic Insights Analyst Destination NSW Lead Government agency for the NSW tourism and events sectors Established as a statutory
More informationGOING PLACES MACARTHURCOOK OFFICE PROPERTY TRUST
GOING PLACES MACARTHURCOOK OFFICE PROPERTY TRUST ANNUAL REPORT 2006 1 2 3 4 1 2 181 Miller Street, North Sydney, NSW 150 170 Leichhardt Street, Spring Hill, Brisbane, QLD 3 4 38 Akuna Street, Canberra,
More informationFCOT Portfolio detail as at 30 September 2017
FCOT Portfolio detail as at 30 September 2017 Portfolio Composition 2 Asset values Net property income TOTAL: S$2,070.9 million as at 30 September 2017^ Singapore: S$1,212.0 million (59%) Australia: S$858.9
More informationMarriott International Reports Third Quarter 2016 Results
November 7, 2016 Marriott International Reports Third 2016 Results BETHESDA, Md., Nov. 7, 2016 /PRNewswire/ -- HIGHLIGHTS Marriott International's acquisition of Starwood Hotels & Resorts Worldwide closed
More informationFAR EAST H-TRUST POSTS 2Q 2014 INCOME AVAILABLE FOR DISTRIBUTION OF $22.1 MILLION
Highlights: FAR EAST H-TRUST POSTS 2Q 2014 INCOME AVAILABLE FOR DISTRIBUTION OF $22.1 MILLION Gross revenue of $29.6 million in 2Q 2014 amidst challenging operating environment Net property income of $26.6
More informationCOMPANY OVERVIEW Unique Ability to Manage Across All Chain Scales
Aimbridge Hospitality, based in Dallas, is one of the largest independent management companies in the U.S. We currently manage approximately 500 hotels throughout the U.S. and Caribbean with more than
More informationOMAN - MUSCAT ECONOMY HOTELS MARKET GAP NOVEMBER Accelerating success.
OMAN - MUSCAT ECONOMY HOTELS MARKET GAP NOVEMBER 213 Accelerating success. 213 OMAN ECONOMY HOTELS TABLE OF CONTENTS Executive Summary 3 Tourism Economics 4 Hospitality Market Overview 5 Oman Economy Hotels
More informationAIR PASSENGER MARKET ANALYSIS
Monthly RPK (Billions) Monthly FTK (Billions) Index of business confidence % change over year AIR PASSENGER MARKET ANALYSIS JANUARY 2014 KEY POINTS Air travel markets commenced 2014 with a strong increase
More informationRAMSAY HEALTH CARE REPORTS 17.7% RISE IN FULL YEAR CORE EPS AND 16.8% RISE IN CORE NET PROFIT
ASX ANNOUNCEMENT 30 August 2016 RAMSAY HEALTH CARE REPORTS 17.7% RISE IN FULL YEAR CORE EPS AND 16.8% RISE IN CORE NET PROFIT Financial Highlights Core net profit after tax 1 (Core NPAT) up 16.8% to $481.4
More informationGOLD COAST OFFICE OVERVIEW
GOLD COAST OFFICE OVERVIEW Q1 2015 Gold Coast OVERVIEW Gold Coast office stock at January 2015 totalled 472,022sqm, up by just over 12,000sqm over the past year. The only new building completed in 2014,
More informationINTERCONTINENTAL HOTEL GROUP
HOTEL NAME: INTERCONTINENTAL HOTEL GROUP GROUP PROFILE: History of Intercontinental Hotel Group: 1777 - William Bass sets up a brewery in Burton-on-Trent. The Bass business thrives, developing into one
More informationHYATT HOTELS CORPORATION 2012 ANNUAL MEETING OF STOCKHOLDERS JUNE 13, 2012
HYATT HOTELS CORPORATION 2012 ANNUAL MEETING OF STOCKHOLDERS JUNE 13, 2012 FORWARD LOOKING STATEMENTS This presentation contains forward-looking statements within the meaning of the Private Securities
More informationSLOW BUT SUSTAINED GROWTH FOR 2014 FORECASTS REMAIN POSITIVE FOR THE HOTEL SECTOR, WITH A CAUTIOUS EYE TOWARDS CONSTRUCTION
HOTEL MARKET REPORT: 4Q2013 SLOW BUT SUSTAINED GROWTH FOR 2014 FORECASTS REMAIN POSITIVE FOR THE HOTEL SECTOR, WITH A CAUTIOUS EYE TOWARDS CONSTRUCTION DEMAND: Demand trends continue to slow, but remain
More information$ bn. $1.3bn total spend. 324,200 arrivals. 9m total nights. 30% dispersed nights 1. Japan Market Profile. Performance overview
Market Profile Performance overview In 2013, Japan was Australia s sixth largest inbound market for visitor arrivals, the fifth largest market for total expenditure and seventh for visitor nights. It was
More informationSTELLAR MARTINEAU PLACE LP
INVESTOR UPDATE - JUNE 2016 Contents Executive Summary Page 3 Market Performance Page 5 Operational Performance Page 6 Hotel Profitability Page 8 Hotel Budget: 2016/17 Page 10 02 Executive Summary ASSET
More information