The Knowledge Report. Executive Summary.
|
|
- Patrick Goodwin
- 6 years ago
- Views:
Transcription
1 colliers international THAILAND The Knowledge Report Bangkok Luxury & Upper Scale Hotel MarkeT 1 st QUARTER 2010 Executive Summary The Bangkok hotel market had a good Q on the back of a return of robust tourism figures highlighting the enduring appeal of Thailand and its capital city. Market Indicators Q SUPPLY Demand RATES occupancy The future of the market remains uncertain due to the significant new supply of hotel rooms coming online in 2010 and the following year. This year will herald the greatest addition of new supply of Luxury and Upper scale hotels to Bangkok in its history. Expected supply will continue to be significant through This is likely to squeeze occupancy levels which in turn will lead to pricing pressures. Recent developments regarding red shirt protests have also cast a cloud on the horizon. While as of March 31 they have remained almost entirely peaceful, indications are that they have already started to adversely affect the hotel market. Thailand s political instability and outbreaks of protest risk being endemic in the long term and threaten the prospects for the hotel market in terms of future planning and Bangkok s development and expansion as a MICE destination. The recent growth in tourists coming from India and Middle East has allowed for an underpinning of off peak season demand and Indian tourists are more immune from the upheavels associated with Thailand s political situation. This can positively affect the Bangkok market but with the resorts, especially Pattaya, being the main beneficiaries.
2 Hotel classification While the Thailand Hotels Association (THA) categorizes hotels with a star rating, many hotels do not abide by star rating. Therefore in this study, Colliers International Thailand have produced a classification based on the quality of the hotel as seen through the eyes of the hotel management companies and on the British Hospitality Association classification. Basic overview of hotel classification Budget - hotels with limited to no facilities. Rooms are simple with basic furnishings with sizes ranging from 12 to 18 sq m. Economy - comfortable, well equipped accommodation, with an en-suite bath/shower room. Reception and other staff aim for professional presentation that at and offer a wide range of straightforward services, including food and drink. Mid scale - hotels are usually of a size to support higher staffing levels, and a significantly greater quality and range of facilities. Reception and the other public rooms will be more spacious with a number of restaurants. All bedrooms will have fully en suite bathrooms and offer a good standard of comfort and equipment, such as a hair dryer, telephone and toiletries. Upper scale - a degree of luxury as well as quality in the furnishings, decor and equipment, in every area of the hotel. Bedrooms will also usually offer more space and be well designed with co-ordinated furnishings and decor. The en-suite bathrooms will have both bath and fixed shower. It will contain a high enough staff to provide services like concierge and porter service, 24-hour room service, laundry and dry-cleaning. The restaurants will provide high quality cuisine. Luxury - spacious and luxurious accommodation throughout the hotel, matching the highest international standards. Interior design should impress with its quality and attention to detail, comfort and sophistication. Furnishings should be immaculate. Services should be formal, well supervised and flawless in attention to guests needs, without being intrusive. The restaurant will demonstrate a high level of technical aptitude, creating dishes to the highest international standards. Staff will be knowledgeable, helpful, and experienced in all aspects of customer care, combining efficiency with courtesy. For the purposes of this report the use of the word hotel shall refer to the Upper Scale and Luxury hotel ratings that are the subject of this report. Hotels below these will be mentioned by their particular category. 2 Colliers International
3 Zoning Colliers International 3
4 ZONING The centre of Bangkok contains the lion s share of Luxury and Upper scale hotels in the city due to it being the heart for both business and tourism. Sukhumvit road up to Phrom Phong has its own distinct identity due to the location being the main night life entertainment area in the city for foreigners. As these entertainment facilities extend some way into many of the sois, a large number of hotels are also located away from the main Sukhumvit road. Even within this road many sois have there own micro-identities such as soi 4, 7, 8, 11 and 22. The Northern CBD has its borders defined by Phetchaburi to the north to Chalermahanakorn Expressway down to Rama VI but also including the area up to Ratchadapisek south of Sukhumvit. This area contains most of the large upper scale shopping malls as well as offices. The emphasis is on a mix of business travelers and family tourists. The Southern CBD includes the area bounded by Si Phraya, the south side of Rama IV, Sathorn and the eastern side of Charoenkrung. It is primarily a location for offices with limited shopping facilities and reasonable entertainment areas that partially rival Sukhumvit. The Riverside is the biggest player in the Upper scale and Luxury segment due to its attractive location. However supply is limited in this market and no Mid-scale hotels can be found in the area. The Thonburi side of the area is considered as the same market as the hotel shuttle boats that regularly ply between the two banks are an added attraction for most tourists. The Western area contains the old city as well as the backpacker area located in Bamglampoo. Whilst this area is awash with hotel rooms, there are no Upper or Luxury scale hotels located here and as such is not considered in this report. 4 Colliers International
5 Historical Supply Historical supply from 1995 Supply of Luxury and Upper scale hotels in Bangkok continued to grow after the Asian Financial Crisis in 1997 due to the ever increasing number of tourists visiting the city possibly spurred on by the weakening of the Baht. About an average of 400 rooms per year were added from 1998 to However after this supply grew more quickly with over 1,000 rooms added each year after that and the trend is set to continue for this year and next. As of Q there was a total supply of approximately 14,200 rooms. Colliers International 5
6 Luxury & Upper scale hotel in Bangkok by year & location, 1995 Q Supply in Northern CBD has shown the biggest movement in the past 15 years from approximately 1,100 rooms in 1995 to more than 3,400 rooms in Q1 2010, a near three fold increase. While the Sukhumvit area is the darling of the Mid scale and Economy scale range, these are not covered in this report as previously mentioned. In terms of the Luxury/Upper end the area still lags behind the CBD and Riverside areas but has shown rapid growth in the latter part of the last decade due to Sukhumvit s mild gentrification and continuing popularity. Breakdown of Luxury & Upper scale hotel rooms in Bangkok by location in the year 2000 In the year 2000, the total supply was located in four areas and 35% was concentrated in the Riverside area followed by Southern CBD area with 21%. 6 Colliers International
7 Supply of rooms by zone Q By the year 2010, most areas have expanded their market share at the expense of the Riverside. The lack of available land in this small area will constantly hamper growth and in some ways existing hotels on the Riverside can capitalize on their exclusivity. The Eastern area has emerged on the radar screen due to the operation of international flights from Suvarnabhumi Airport. This is also the reason why there was a reduction in the Northern area s market share as international airport operations have shifted from Don Muang Airport. Colliers International 7
8 Supply by Zone While in every area Upper scale hotels have a greater supply, their proportion in relation to Luxury hotels reflects the character of each area. The Northern CBD contains the high end shopping malls comparable to what Oxford Street is to London or Orchard Road is to Singapore. Therefore many Luxury hotels are located there. The Riverside is also known as a prestigious area due to its scenic location and again Luxury hotels make up a large slice of the hotel market there. The Southern CBD is split between the eastern part of Sathorn road and Rama IV containing more Luxury hotels whilst the older CBD area of Silom contains a much greater share of Upper scale hotels. The particular nature of Sukhumvit means far more Upper scale hotels in comparison. The distance of the Eastern area and Northern area from the centre explain why no Luxury hotels are located in this area. 8 Colliers International
9 Future Supply Future supply of Luxury & Upper scale hotel by year, More than 1,650 rooms are scheduled to be completed in 2010 which represents an addition of 12% to total supply in Around 2,500 will also be supplied in the Mid scale category. Two hotels in the Luxury end of the market are due to open their doors in The Siam Kempinski (306 rooms) located at the back of Siam Paragon, is scheduled to begin operations in Q The 198 room St. Regis Bangkok will open its doors from October 2010 and is located on Rajadamri Road. Sukhumvit area will dominate new Upper scale supply in 2010 with the opening of Sofitel Bangkok Sukhumvit, Four Points by Sheraton and Park Plaza Bangkok Asoke altogether accounting for approximately 760 rooms. Colliers International 9
10 Future supply of hotel rooms by grade and year, Thailand s political problems have directly impacted the tourism market in , especially Bangkok. In the long term however, many investors still remain optimistic regarding future potential and are still interested in developing hotels in Bangkok with a total of 9,400 rooms scheduled from 48 projects by 2013, 50% of them are in the Mid scale category followed by Upper scale and Luxury hotel, with 27% and 23% respectively. Future supply of hotel rooms by grade and year, Sukhumvit is the popular area in the future, representing 36% of all future supply for Bangkok. Many developers have selected to develop hotels in this area due to the convenience to the BTS provided along Sukhumvit road which is suitable for tourists and business people alike as well as the lively nature of the Sukhumvit road and its many interesting sois. The eclectic nature of Sukhumvit has meant that it has attracted a significant number of boutique style hotels that challenge the existing perceptions of hotels in the higher categories. Many in the area are independent, non branded hotels. This represents an interesting investment niche for the foreseeable future. However the Northern CBD continues to be the main focus for Luxury scale projects. 10 Colliers International
11 Demand - Occupancy Rate Average occupancy rate of Luxury & Upper scale hotel in Bangkok by grade, Q Average occupancy rates for Upper scale hotels is significantly higher than Luxury hotel for Q Increasing price sensitivity from visitors has made it difficult for Luxury hotels to compete as people opt for lower rates in exchange for a less luxurious experience but still world class facilities. Occupancy Occupancy rate of Luxury & Upper scale hotels, Q Occupancy rates declined steadily for three years from This was the result of growing instability including the 2006 coup as well as a number of health scourges. The nadir for occupancy was at the end of 2008 with the closure of the airport as a result of the yellow shirts blockade which left large numbers of international travelers stranded. Since then occupancy rates have improved. Colliers International 11
12 Demand drivers focus Tourism International passengers to Suvarnabhumi Airport minus those in transit Colliers International Thailand Research Source : Airports Authority of Thailand At present the best tourism arrival figures come from the Airports Authority of Thailand regarding passenger numbers. However it is difficult to ascertain how many remain in Bangkok or simply travel directly to another location such as Pattaya, Hua Hin, Phuket or Samui. Therefore the figures can only be used as a rough guide to overall trends. It is hoped that in the future a more detailed breakdown can be provided as was the case in the past. The numbers show that demand is back following the travails at the end of 2008 and later in The recent figures for the peak season (Q4/Q1) reveal that tourism numbers are approaching the levels they were in the 07/08 peak season. For Thailand the tourism industry is one of the proverbial phoenix from the ashes. At the end of Q1 protests were taking place in Bangkok that were on the whole peaceful. It was impossible for anybody to predict how these protests would end. Thailand has often faced periods of difficulty in past both internally and externally. It is interesting to note that according to the Tourism Authority of Thailand about 60% of arrivals to the country are repeat visitors. This compares to just 17% for Malaysia. This is of vital importance as it creates an emotional connection with Thailand and as such many will return when the situation is safe. The student backpacker who arrived 15 years ago in Banglampoo may be visiting with his or her family today, staying in a Luxury hotel and in the future may wish to retire and buy a property here. For many foreigners Thailand represents a part of their lives rather than just the next holiday destination. 12 Colliers International
13 European Visitors Number of tourist arrivals to Thailand from selected markets in Europe Colliers International Thailand Research Source : Office for Tourism Development The Scandinavian market has risen dramatically in the second half of the last decade but has fallen even faster due to the current events in Thailand. The Scandinavians are a significant provider of visitors to Hua Hin so their impact on the Bangkok market is not so important. Steady falls occurred in the UK and German markets. Off peak demand generators One of the key challenges facing hotels in most of the world is how to fill up rooms during the off peak season. Often MICE events are encouraged during such fallow periods. The other focus is on markets that buck the trend when it comes to seasonal tourism. Although the resort markets benefit more from this, Bangkok can also take advantage as many visitors are often attracted to the big city atmosphere. Two of the most rapidly growing markets are in South Asia (India, Pakistan etc) and the Middle East. Colliers International 13
14 Number of tourist arrivals to Thailand from the Asia Pacific region Colliers International Thailand Research Source : Office for Tourism Development The latter half of the last decade witnessed a significant growth in travelers to Thailand from South Asia and the Middle East. This pattern continued last year despite serious drops in other markets in the Asia Pacific, notably Japan. This would imply that South Asians in general are more resilient to disturbances that affect other markets and have also posted robust economic growth figures in the midst of a global recession.this is in contrast to the more sensitive East Asian market. 14 Colliers International
15 Number of tourists visiting Thailand from selected markets Colliers International Thailand Research Source : Office for Tourism Development The figure shows the seasonal variations between the Middle East, India and Germany, the latter chosen because of its overall comparable tourism numbers and that it reflects the general pattern of demand from western countries. The period of lowest tourism activity occurs in the months of May, June and July. This is a period where the European summer holds more attractions with usually limited holiday periods prior to the August and September school holidays. However for the Indian and Middle Eastern markets this is the period when the population seeks better climates away from the searing pre-monsoon heat in India and the scorching summer temperatures in most of the Middle East. Interestingly, while the heavy rains in Bangkok deter many would be travelers, they represent a lesser drawback for those living in arid desert lands. Although these figures represent Thailand as a whole, the two markets are not known for visiting resort destinations except Pattaya, close by to Bangkok. It can therefore be assumed that Bangkok benefits from these markets more than other parts of Thailand for the low season. One downside is that the spending power of the South Asian market is relatively low and demand for Luxury / Upper scale hotels would be limited with Mid and Economy scale hotels benefitting the most. Low cost carriers The emergence of low cost carriers (LCCs) such as Air Asia and Tiger Airways in the region has been a growing trend that is set to continue. While the initial flights were predominantly short hops, the carriers have looked further afield for longer range hauls to countries such as Australia and India. To some degree the existence of cheaper alternatives has led to added demand. However the effect of the low cost carriers should not be over stated. Less than 10% of international passengers arriving to Suvarnabhumi Airport disembark from the LCCs. The number of passengers arriving from LCCs has risen from nearly 80,000 in 2007 to over 132,000 in The ability of the LCCs to penetrate growing markets such as India and the Middle East are key to them positively affecting tourism numbers. Colliers International 15
16 Rates Average daily rate by grade Q Hotel rates have fallen since their peak in 2008 reflecting the global economic downturn as well as the aftermath of the airport closure and violent incidents during the Songkran festival in Hotels were compelled to cut rates due to stiff competition for customers. This trend was exacerbated by the growing use of the internet to find rate information for hotels and visitors are becoming more price sensitive as a result. The Upper scale hotels showed a greater tendency to drop rates in the form of special offers. Average daily rate by grade & location, Q Luxury hotels in the Northern CBD area command the highest rates due to its prime location for tourists and business people. The special attractions of the Riverside area account for the higher rates compared to that of Sukhumvit. The price differentials are smaller between Luxury and Upper scale hotels in Sukhumvit which is likely due to the importance of the location being a more significant factor in choice than the hotel itself. The Northern CBD has a far greater difference as there are number of prestigious hotels with high room rates and a number of more functional Upper scale hotels offering competitive rates. 16 Colliers International
17 RevPAR RevPAR by grade There has been a slight uptick in RevPAR driven by increased occupancy outpacing drops in rates. It can also be implied that the greater the occupancy the more non-room revenue streams are being generated such as from food & beverages. Although RevPAR continues to be main performance metric for hotels, the use of others such as GOPPAR (Gross Operating Profit Per Available Room) should also be taken into account, especially from the Luxury/Upper scale sector which provide a greater array of facilities. Hotels are facing increasing challenges in squeezing as much revenue as they can from its property. Colliers International 17
18 Forecast The hotel market is set for strong headwinds in the next few years due to the significant amount of supply coming on stream over the next few years. This assumes that the political situation in Thailand remains stable, which in light of the ongoing protests in the city centre cannot be taken for granted. In the event of protracted or regular upheavels in the country and Bangkok in particular, Colliers International Thailand foresees the possibility of developers reconsidering current plans to reflect changing conditions and long term optimism being replaced by caution. Investors focus The issue of abundant supply of the Luxury hotel segment in the next few years should cause pause for thought on investors wishing to enter this market. Movement into the Upper scale range still offers promise but the acquisition of economical land in a reasonable location would weigh heavily in any decision. Larger scale hotels should consider reducing the number of restaurants and focus on other peripheral revenue generating outlets such as specialist spas and health clubs. Thailand may follow the trend in the west by subcontracting out F&B and other outlets to specialist operators. Future investors should also judge between focusing on specialized products such as smaller scale boutique style concepts which would allow the hotel to focus on a niche market or develop properties large enough to benefit from economies of scale such as in targeting the MICE market, use of banqueting halls or even aiming for the serviced apartment market. Operators focus Even with high occupancy, hotels will have to continue with the trend of falling prices as consumers become more price savvy due to the copious amount of information on the internet and the range of hotels rooms at all price levels being available. Food and beverages continue to be a significant revenue stream and hotels will have to be more proactive and inventive in maintaining this from guests and non-guests through the promotion of MICE and other revenue generating activities such as anniversaries. The need to attract niche markets is becoming increasingly prevalent. The growing markets in the Middle East and India can be further broken down by country or region. The South East Asian market spurred by low cost carriers and short term decision making can be targeted with long weekend getaway packages. The nurturing of niche markets and the development of innovative revenue generators will focus the minds of operators in these challenging times. 18 Colliers International
19 COLLIERS INTERNATIONAL THAILAND MANAGEMENT TEAM ASSET MANAGEMENT Wasan Rattanakijjanukul Manager Nukarn Suwatikul Manager 480 offices in 61 countries on 6 continents US$ 1.9 billion in annual revenue 1.1 Billion square feet under management 15,000 Professionals CONSULTANCY Napart Tienchutima Manager COMMERCIAL / INDUSTRIAL /RETAIL Narumon Rodsiravoraphat Senior Manager FACILITY / PROPERTY MANAGEMENT Viroj Piromthong Management Advisor Bandid Chayintu Associate Director HOSPITALITY DEPARTMENT Jean Marc Garret Director INVESTMENT Nukarn Suwatikul Senior Manager RESIDENTIAL Patima Jeerapaet Managing Director RESEARCH & ADVISORY Antony Picon Senior Manager Surachet Kongcheep Manager VALUATION Nicholas Brown Associate Director Thanussorn Aukkrararerksaponk Manager Contact information THAILAND: Patima Jeerapaet Managing Director patima.jeerapaet@colliers.com Colliers International Thailand Antony Picon Senior Manager Research antony.picon@colliers.com Surachet Kongcheep Manager Research surachet.kongcheep@colliers.com Bangkok Office : 17/F Ploenchit Center, Klongtoey Bangkok Tel: Fax: info.th@colliers.com Pattaya Office : 492/2 Thappraya Road, Nongprue, Banglamung Chonburi Tel: Fax: info.pattaya@colliers.com This report and other research materials may be found on our website at Questions related to information herein should be directed to the Research Department at the number indicated above. This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. Colliers International is a worldwide affiliation of independently owned and operated companies. Colliers International 19
PATTAYA CONDOMINIUM MARKET REPORT
PATTAYA CONDOMINIUM MARKET REPORT Pattaya C ity C ondominium M arke T 1 st H A L F 2010 colliers international THAILAND The Knowledge Report Pattaya City Condominium MarkeT 1 st HALF 2010 Executive Summary
More informationMarket Research B A N G KO K 4 - & 5 - S TA R H OT E L M A R K E T B A N G KO K 4 - & 5 - S TA R H OT E L M A R K E T 1 ST H A L f
Market Research B A N G KO K 4 - & 5 - star hotel M A R K E T B A N G KO K 4 - & 5 - S TA R H OT E L M A R K E T 1 st hal f 2009 colliers international THAILAND The Knowledge Report BANGKOK 4- & 5-STAR
More informationMarket Research. BANGKOK 4 & 5 STAR HOTEL MARKET HIGHLIGHTS 4 th q u arter
Market Research B A N G KO K 4 & 5 star hotel M A R K E T BANGKOK 4 & 5 STAR HOTEL MARKET HIGHLIGHTS 4 th q u arter 2 0 0 8 colliers international THAILAND The Quarterly Report BANGKOK 4 & 5 star hotel
More informationPattaya City Condominium Market Report
Pattaya City Condominium Market Report H2 2012 H2 2012 condominium thailand Pattaya City Condominium Market Report Pattaya City Condominium Market Highlights market indicators Just 590 units were completed
More informationPhuket Residential Market
May 2011 residential thailand Phuket Residential Report Phuket Residential Market Executive Summary The boom days of Phuket have yet to return as foreign buying activity remains sluggish but has been picking
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 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 informationGlobal Luggage Market
Global Luggage Market -------------------------------- 2013 Executive Summary Industrial revolution and scientific, social and political developments in the past century have changed the pattern and quantum
More informationcolliers international Thailand ScandinaviaN Property investment in thailand april 2008
colliers international Thailand ScandinaviaN Property investment in thailand april 28 THE SWEDISH-THAI PROPERTY GOLD RUSH Market Indicators The increasing interest of real estate from the Scandinavian
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 informationThailand Hotel Investment Market Update Thailand Tourism Forum 2015
Thailand Hotel Investment Market Update Thailand Tourism Forum 2015 Mike Batchelor Managing Director, Investment Sales Asia JLL Hotels & Hospitality Group 26 January 2015 2004 2005 2006 2007 2008 2009
More informationThailand Hotel Investment Market Update Thailand Tourism Forum 2014
Nihat Ercan Senior Vice President, Investment Sales Asia Hotels & Hospitality Group 21 st April 2014 Thailand Hotel Investment Market Update Thailand Tourism Forum 2014 Global Hotels Transaction Volume
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 informationERW. 022/ ACC003/ th February Subject: Management's Discussion and Analysis period ending 31 st December 2012
ERW. 022/ ACC003/56 26 th February 2013 Subject: Management's Discussion and Analysis period ending 31 st December 2012 Attention: The President, The Stock Exchange of Thailand Dear Sir, The Erawan Group
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 information2016 Annual Tourism Performance Report.
2016 Annual Tourism Performance Report www.visitqatar.qa Introduction Amidst great uncertainty, 2016 was a year full of challenges for many of the world s economies. The impacts of Brexit, the prospect
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 informationQuarterly Meeting# 2/2017
Quarterly Meeting# 2/2017 1Q17 Performance & Outlook 16 May 2017 1 2017 ERAWAN. All rights reserved. The views expressed here contain some information derived from publicly available sources that have
More informationCapitaMalls Asia Limited Asia s Leading Mall Developer, Owner and Manager Singapore China Malaysia Japan India
CapitaMalls Asia Limited Asia s Leading Mall Developer, Owner and Manager Singapore China Malaysia Japan India Joint Venture with Changi Airport Group to Develop an Iconic Mixed-Use Development at Changi
More informationERW. 083/ ACC012/ th November Subject: Management's Discussion and Analysis period ending 30 th September 2012
ERW. 083/ ACC012/55 12 th November 2012 Subject: Management's Discussion and Analysis period ending 30 th September 2012 Attention: The President, The Stock Exchange of Thailand Dear Sir, The Erawan Group
More informationFourth Quarter and Full Year 2009
Investor and analyst meeting: Fourth Quarter and Full Year 29 25 th February 21 2 The views expressed here contain some information derived from publicly available sources that have not been independently
More informationBENCHMARKING BEYOND REVPAR WHAT LIES BENEATH
2000-2015 BENCHMARKING BEYOND REVPAR WHAT LIES BENEATH WHAT S IN THIS REPORT 02 Regional hotels Successfully navigate choppy waters 03 Regional hotels Must be wary of the under current 04 London hotels
More informationQuarterly Meeting# 1/2018
Quarterly Meeting# 1/2018 4Q17 & FY17 Performance & Outlook 2 March 2018 1 2016 ERAWAN. All rights reserved. The views expressed here contain some information derived from publicly available sources that
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 informationZurich hotel market in figures. Hotels Beds 14 thousand 14 thousand. Arrivals 1.6 million 1.5 million. Overnights 2.8 million 2.
Photos from top to bottom: Dorint Airport Hotel, The Dolder Grand Hotel, Steigenberger Hotel Bellerive au Lac, Swissôtel [PKF city ticker] [ ] Among Europe s top destinations Slight growth in demand: The
More informationTHE SHIFTING LANDSCAPE for THE MAINTENANCE, REPAIR AND OVERHAUL MARKET
MERGERS & ACQUISITIONS PRIVATE CAPITAL STRATEGIC ADVISORY THE SHIFTING LANDSCAPE for THE MAINTENANCE, REPAIR AND OVERHAUL MARKET Aerospace, Defense & Government Services Report The Shifting Landscape for
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 informationAsset Manager s Report to the DRA Board
Asset Manager s Report to the DRA Board March 2013 HILTON VANCOUVER WASHINGTON DASHBOARD SUMMARY MARCH 2013 1 PERFORMANCE RELATIVE TO THE COMPETITIVE SET The following table summarizes the Hotel s revenue
More information2011 Hotel investment strategy :
2011 Hotel investment strategy : What every developer should know New World Hotel 27 Sept, 2011 Presented by: Robert McIntosh, Executive Director, CBRE Hotels, Asia Pacific. SUMMARY Hotel Performance Hotel
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 informationLeasing market posts increase in take-up Slow activity on investment market
Düsseldorf Office Leasing and Investment Q1 2015 MARKET REPORT Leasing market posts increase in take-up Slow activity on investment market LARS ZENKE Research Analyst Düsseldorf Office take-up (in 1,000
More informationIATA ECONOMIC BRIEFING FEBRUARY 2007
IATA ECONOMIC BRIEFING FEBRUARY 27 NEW AIRCRAFT ORDERS KEY POINTS New aircraft orders remained very high in 26. The total of 1,834 new orders for Boeing and Airbus commercial planes was down slightly from
More informationQuarterly Aviation Industry Performance
Quarterly Aviation Industry Performance ALAFCO Aviation Lease and Finance Company K.S.C.P. Quarterly Aviation Industry Performance 3Q17 (Updated November 17) Prepared by: Strategic Planning department
More informationBANYAN TREE HOLDINGS LIMITED (Company Registration Number: H) 1H07 Results Snapshot (in S$million) : 2Q07 Results Snapshot (in S$million) :
BANYAN TREE HOLDINGS LIMITED (Company Registration Number: 200003108H) BANYAN TREE S HALF YEAR PROFITS UP 55% ON 23% REVENUE GAIN. Highlights: - 1H07 Revenue increased by 23% to S$187.9 million - 1H07
More informationMinor International Public Company Limited
Minor International Public Company Limited Management Discussion & Analysis Financial Performance as of March 31, 2009 1Q09 Performance Minor International Pcl. ( MINT ) reported 1Q09 performance with
More informationFACT SHEET Eastin Hotel Makkasan Bangkok
FACT SHEET Eastin Hotel Makkasan Bangkok Eastin Hotel Makkasan Bangkok offers a modern residential interior design reflecting the new Eastin brand essence to serve both business and leisure travelers.
More informationSizing Worldwide Tourism Spending (or GTP ) & TripAdvisor s Economic Impact. TripAdvisor Strategic Insights & Oxford Economics
Sizing Worldwide Tourism Spending (or GTP ) & TripAdvisor s Economic Impact TripAdvisor Strategic Insights & Oxford Economics The value of global tourism has reached $US 5.29 trillion, with international
More informationIATA ECONOMIC BRIEFING DECEMBER 2008
ECONOMIC BRIEFING DECEMBER 28 THE IMPACT OF RECESSION ON AIR TRAFFIC VOLUMES Recession is now forecast for North America, Europe and Japan late this year and into 29. The last major downturn in air traffic,
More informationHotels SPECIALIST HOTEL SERVICES
SPECIALIST HOTEL SERVICES Definition of a Mandala: An organisation or design built around a focusing point where the whole is substantially greater than the sum of the component parts. Alternative Definition:
More informationCompustat. Data Navigator. White Paper: Lodging Industry-Specific Data
Compustat Data Navigator White Paper: Lodging Industry-Specific Data November 2008 Data Navigator: Lodging Industry-Specific Data There are several important lodging metrics to that are unavailable on
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 informationTotal Supply by Location, Q Existing Supply
CB RICHARD ELLIS Phuket Hotel www.cbre.co.th Second Quarter 29 Quick Stats Occupancy (%) Supply ADR RevPar Change in Q1 9 Change in Q2 9 The major factor in Q2 29 is the reduction in occupancy rates. Occupancy
More informationCBRE Hotels presents. Vietnam Hotel Market Overview. Presented by Robert McIntosh Executive Director, CBRE Hotels, Asia Pacific.
CBRE Hotels presents Vietnam Hotel Market Overview Presented by Robert McIntosh Executive Director, CBRE Hotels, Asia Pacific 23 September 2009 Presentation Outline 1. Hotel Performance Regional 2. Hotel
More informationView Report Details. Global Cruise Market
View Report Details Global Cruise Market ----------------------------------- 2013 View Report Details Executive Summary Cruising is one of the fastest-growing industries in the travel and tourism sector.
More information49 May-17. Jun-17. Travel is expected to grow over the coming 6 months; at a slower rate
Analysis provided by TRAVEL TRENDS INDEX MAY 2018 CTI reading of 51.7 in May 2018 shows that travel to or within the U.S. grew 3.4% in May 2018 compared to May 2017. LTI predicts moderating travel growth
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 informationANA HOLDINGS Financial Results for the Year ended March 31, 2016
ANA HOLDINGS NEWS ANA HOLDINGS Financial Results for the Year ended March 31, 2016 TOKYO, April 28, 2016 ANA HOLDINGS (hereafter ANA HD ) today reports its consolidated financial results for fiscal year
More informationREPORT. VisitEngland 2010 Business Confidence Monitor. Wave 1 New Year
REPORT VisitEngland Wave 1 New Year 5-7 Museum Place Cardiff, Wales CF10 3BD Tel: ++44 (0)29 2030 3100 Fax: ++44 (0)29 2023 6556 www.strategic-marketing.co.uk Contents Page 1. Headline Findings... 3 2.
More informationQ1 FY19 Trading Update
Regulatory Story Go to market news section Whitbread PLC - WTB 1st Quarter Results Released 07:00 27-Jun-2018 RNS Number : 6748S Whitbread PLC 27 June 2018 Q1 FY19 Trading Update 27 June 2018 Group total
More informationSong Rui Tourism Research Center, Chinese Academy of Social Sciences March 7, 2018, Berlin
Report on World Tourism Economy Trends (2018) Song Rui Tourism Research Center, Chinese Academy of Social Sciences March 7, 2018, Berlin TREND I Fast and comprehensive growth of the global tourism economy
More informationVisa Inbound Spend Report
Visa Inbound Spend Report Visa Insights 2017 Visa Public Disclaimer Case studies, statistics, research and recommendations are provided "AS IS" and intended for informational purposes only and should not
More informationPresentation overview
Presentation overview Retail is a key component of tourist and business destinations and can act as major draw Retail is #1 or #2 leisure activity among travelers One of most important reasons meeting
More informationTHE HONGKONG AND SHANGHAI HOTELS, LIMITED
FOR IMMEDIATE RELEASE 26 AUGUST 2009 THE HONGKONG AND SHANGHAI HOTELS, LIMITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2009 HIGHLIGHTS Key financial results Turnover decreased by 18% to HK$1,962
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 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 informationfacts and information
facts and information shangri-la hotel, bangkok location Shangri-La Hotel, Bangkok is a luxurious oasis for both leisure and business travellers. Located on the banks of the Chao Phraya River, the hotel
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 informationU.S. HOTEL SUPPLY GROWTH STILL IN CHECK WITH DEMAND
MAY 2015 U.S. HOTEL SUPPLY GROWTH STILL IN CHECK WITH DEMAND Susan Furbay Vice President of Business Development HVS 369 Willis Avenue, Mineola, NY 11501, USA Years of rising average daily rates and demand,
More informationPREMIUM TRAFFIC MONITOR OCTOBER 2015 KEY POINTS
PREMIUM TRAFFIC MONITOR OCTOBER 2015 KEY POINTS Passenger travel on international markets was up 4.5% in October year-on-year, overall. For economy class travel, passenger numbers were up 4.6% but that
More informationQuarterly Meeting # 2/2014
Quarterly Meeting # 2/2014 Performance & Outlook 15 May 2014 The views expressed here contain some information derived from publicly available sources that have not been independently verified. No representation
More informationCorporate Presentation
Corporate Presentation ASEAN Conference 2011 Singapore gp September 2011 1 Our Vision: To be the leading Leisure, Hospitality & Entertainment t t Corporation in the world 2 Agenda Introduction Financial
More informationMarket Research PAT TAYA C O N D O M I N I U M M A R K E T PATTAYA CONDOMINIUM MARKET OVERVIEW 1 st h A l f
Market Research pattaya CONDOMINIUM market PATTAYA CONDOMINIUM MARKET OVERVIEW 1 st half 2009 colliers international THAILAND The Knowledge Report Pattaya CONDOMInIUM market 1 st half 2009 PATTAYA CONDOMINIUM
More informationThe promotion of tourism in Wales
The promotion of tourism in Wales AN OUTLINE OF THE POTENTIAL ADVANTAGES AND DISADVANTAGES OF ADVANCING CLOCKS BY AN ADDITIONAL HOUR IN SUMMER AND WINTER Dr. Mayer Hillman Senior Fellow Emeritus, Policy
More informationINFLIGHT CONNECTIVITY: BRINGING FREEDOM TO THE SKIES
INFLIGHT CONNECTIVITY: BRINGING FREEDOM TO THE SKIES INFLIGHT CONNECTIVITY: BRINGING FREEDOM TO THE SKIES JULY 2017 1 Inmarsat s annual Inflight Connectivity Survey is the world s largest poll of passenger
More informationBUSINESS BAROMETER December 2018
Credit: Chris Orange BUSINESS BAROMETER December Credit: Nigel Moore 1 Contents Summary of findings 3 Annual monthly performance: visitor attractions..4 Visit Herts Team update 5 National context.8 Visitor
More informationAIR TRANSPORT MANAGEMENT Universidade Lusofona January 2008
AIR TRANSPORT MANAGEMENT Universidade Lusofona Introduction to airline network planning: John Strickland, Director JLS Consulting Contents 1. What kind of airlines? 2. Network Planning Data Generic / traditional
More informationLUXURY VILLA, QUINTA DO LAGO
INVESTMENT OPPORTUNITY INVESTMENT OPPORTUNITY LUXURY VILLA, QUINTA DO LAGO LUXURY VILLA, QUINTA DO LAGO September 2016 COLLIERS PORTUGAL Accelerating success. CONTENTS SUMMARY LOCATION THE PROPERTY PHOTOS
More informationBANYAN TREE HOLDINGS LIMITED (Company Registration Number: H) COMPANY CONTINUES ITS ASSET REBALANCING STRATEGY.
BANYAN TREE HOLDINGS LIMITED (Company Registration Number: 200003108H) COMPANY CONTINUES ITS ASSET REBALANCING STRATEGY. Highlights: 4Q11: - Revenue flat at S$85.4 million. - Operating Profit dropped to
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 informationThe Bottom Line: The spa industries future is bright if we want it to be!
The trends and research shows that we are in the midst of a shift and it is up to each and every one working in the industry to embrace the shift and develop your spa, or to stand still and watch others
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 informationCHINA HOTEL MARKET OUTLOOK
CHINA HOTEL MARKET OUTLOOK Topics To Cover Key Market Assessment China Hotel Market Sentiment Survey The Big Picture For China In 2010 Key Market Outlook KEY MARKET ASSESSMENT Key Market Occupancy Trends
More information33/1 South Sathorn Rd. Yannawa, Sathorn Bangkok Thailand Tel Fax
FACTSHEET Eastin Grand Hotel Sathorn Bangkok Eastin Grand Hotel Sathorn Bangkok is ideally situated in the Sathorn business district as well as being just minutes from the world famous Chao Phraya River.
More informationPREMIUM TRAFFIC MONITOR JULY 2014 KEY POINTS
PREMIUM TRAFFIC MONITOR JULY 2014 KEY POINTS Growth in international air passengers was weak for a second consecutive month with a 2.6% increase in July compared to a year ago premium seat numbers rose
More informationFACT SHEET Eastin Hotel Makkasan, Bangkok
FACT SHEET Eastin Hotel Makkasan, Bangkok Eastin Hotel Makkasan, Bangkok offers a modern residential interior design reflecting the new Eastin brand essence to serve both business and leisure travelers.
More informationTourism Report Spring A Report Prepared by the Sonoma County Economic Development Board. Ben Stone, Director
Tourism Report Spring A Report Prepared by the Sonoma County Economic Development Board Ben Stone, Director Though long renowned for its picturesque scenery, Sonoma County has steadily gained recognition
More informationTRANSPORT AFFORDABILITY INDEX
TRANSPORT AFFORDABILITY INDEX Report - December 2016 AAA 1 AAA 2 Table of contents Foreword 4 Section One Overview 6 Section Two Summary of Results 7 Section Three Detailed Results 9 Section Four City
More informationAsia Pacific Hotel Trends
Asia Pacific Hotel Trends Transaction volume remains steady retain strong appetite for hotels Activity picks up in Hong Kong Other active markets led by Australia and Vietnam Singapore remains subdued
More information20-Year Forecast: Strong Long-Term Growth
20-Year Forecast: Strong Long-Term Growth 10 RPKs (trillions) 8 Historical Future 6 4 2 Forecast growth annual rate 4.8% (2005-2024) Long-Term Growth 2005-2024 GDP = 2.9% Passenger = 4.8% Cargo = 6.2%
More informationUnited Kingdom: Tourism Market Insights 2017
United Kingdom: Tourism Market Insights 2017 Overview This tourism report provides an outlook on key market insights on a global, national and provincial scale for the United Kingdom (UK). In addition,
More informationArab Aviation and Media Summit 2012
Arab Aviation and Media Summit 2012 Outcomes and Perspectives June 2012 Executive Summary Since Air Arabia and CNBC Arabia organised the first Arab Aviation and Media Summit in 2011, the aviation sector
More informationTourism Performance Summary Q
Tourism Performance Summary Q3 2017 www.visitqatar.qa Introduction In the first three quarters of 2017, Qatar welcomed 1.81 million visitors 1. This compares to 2.19 million visitors in the same period
More informationReport on Target Market Trends
Report on Target Market Trends Strengthening Tour Operator Associations in Bhutan and Costa Rica, a Bilateral Project Implemented by Association of Bhutanese Tour Operators and Ecole Experience under the
More informationCitigroup Investor Conference October 2010
Citigroup Investor Conference October 2010 Disclaimer Important information This presentation ti has been prepared in good faith, but no representation ti or warranty, express or implied, is made as to
More information1 ST HALF 2013 HOSPITALITY HIGHLIGHTS KLANG VALLEY / KUALA LUMPUR. Tourist Arrivals Boom!!!
1 ST HALF 2013 HOSPITALITY HIGHLIGHTS KLANG VALLEY / KUALA LUMPUR Tourist Arrivals Boom!!! Hospitality Highlights 1H 2013 International Tourist Arrivals The first half of 2013 saw international tourism
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 informationDuangiai Kraus Engel & Volkers
GREATER PHUKET CHAPTER PROPERTY REPORT SOUTH EAST ASIA Duangiai Kraus Engel & Volkers Hua Hin s Property Market 2011 Residential Condominium AMCHAM Property Event Holiday Inn Patong Phuket April 29 th
More informationAIR TRANSPORT MARKET ANALYSIS APRIL 2011
AIR TRANSPORT MARKET ANALYSIS APRIL 2011 KEY POINTS From this month we provide an assessment of global scheduled air transport markets, adding domestic to international, and including both IATA and non-iata
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 informationMar-16. Apr-16. Travel is expected to grow over the coming 6 months; at a slower rate
Analysis provided by TRAVEL TRENDS INDE MARCH 2017 CTI reading of.8 in March 2017 shows that travel to and within the U.S. grew by 3.6% from March 2016 to March 2017. LTI predicts overall positive travel
More informationKAPOLEI TRADE CENTER INDUSTRIAL CONDOMINIUMS FOR SALE
INDUSTRIAL CONDOMINIUMS FOR SALE Property Information Kapolei Trade Center is a high quality business/industrial condominium project located in the master-planned Kapolei Business Park, within the award
More informationOct-17 Nov-17. Sep-17. Travel is expected to grow over the coming 6 months; at a slightly faster rate
Analysis provided by TRAVEL TRENDS INDEX SEPTEMBER 2018 CTI reading of.8 in September 2018 indicates that travel to or within the U.S. grew 1.6% in September 2018 compared to September 2017. LTI predicts
More informationFor personal use only
HELLOWORLD TRAVEL LIMITED RESULTS ANNOUNCEMENT Highlights for the year ended 30 June 2018 Total Transaction Value (TTV) growth of 3.5% to $6.1 billion, underpinned by strong air ticket sales volume growth.
More informationAll accommodations are available for short term and long term lease.
A boutique service apartment comprised of 57 luxurious rooms, integrating international standards designed in contemporary style for comforts and deluxe modern day living. We offer simply the best and
More informationDestination UK focus on the South West. Driving growth in the UK hospitality and leisure sector
Destination UK focus on the South West Driving growth in the UK hospitality and leisure sector A word from Martin French Connecting with British makers is more important than ever for hospitality and leisure
More informationFrankfurt Hotel 2014/2015. Frankfurt. Market Report. Accelerating success.
Market Report Frankfurt Hotel 2014/2015 Frankfurt Market Report Accelerating success. Overall information Frankfurt am Main has a population of just under 700,000 and is a major hub of the financial industry
More informationSACRAMENTO. Pacific Heights San Francisco FOR LEASE
Pacific Heights San Francisco FOR LEASE PROPERTY OVERVIEW NAME Health Sciences Library ADDRESS Sacramento St., San Francisco, CA 94115 INTERSECTION Sacramento & Webster Streets GROSS BUILDING AREA 20,110
More informationCaravan rentals sustained by continued staycation trend 2016
Caravan rentals sustained by continued staycation trend 2016 Leisure caravan hire sustained by continued staycation trend Figures from the 2015 Great Britain Tourism Survey (GBTS)1 and statistics published
More informationHorticulture trade intelligence. A custom report compiled for Hort Innovation by Euromonitor International. Avocado. Quarter 1: January to March 2017
Horticulture trade intelligence A custom report compiled for Hort Innovation by Euromonitor International Avocado Quarter 1: January to March 217 Horticulture trade intelligence: Avocado: 217: Content
More informationCruise Pulse TM Travel Agent Panel Survey. Wave Season Kick-off Edition
Cruise Pulse TM Travel Agent Panel Survey Wave Season Kick-off Edition Contents Survey Methodology Prologue Cruise Booking and Pricing Trends Travel Agent Optimism Index Cruise Segments Hot or Not? 2009
More information