Global Hospitality Report (February 1, 2016)

In Focus: African Hotel Market Update 
By Tim Smith

A look at current trends in the African hotel market and what is in store for the rest of 2016.

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In Focus Hotel Market Reports – Minneapolis, MN 

In Focus Hotel Market Reports are prepared by HVS regional experts who are performing on-the-ground consulting and valuation assignments on a daily basis. These new HVS reports will help boost your due-diligence productivity and are available at a reasonable price of $495 per report. This week we announce the release of the report - In Focus: Minneapolis which discusses how new hotel development could cut into Minneapolis-St. Paul’s trend of strong occupancy gains in the near term; however, all signs point to further growth in demand, particularly in 2018 with the hosting of the Super Bowl.

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Southeast Asia Launches 10-Year Plan to Market ASEAN as a Single Destination 

During the 35th ASEAN Tourism Forum, which took place on 22nd January, the ASEAN economic bloc officially announced the ASEAN Tourism Strategic Plan 2016-2025 − a ten-year plan to market the region collectively as a single destination. Of the ten strategic action plans highlighted, expanding connectivity and enhancing travel facilitation was top of the agenda. The member nations are in favour of implementing a common ASEAN visa that will be valid everywhere within the bloc and could possibly come into effect within the next five years. Other areas addressed in the action plan include: intensifying promotion and marketing; diversifying tourism products; attracting tourism investment; raising capacity and capability of human capital; expanding destination infrastructure; upgrading local communities and public-private sector participation; ensuring safety and security; prioritizing protection and management of heritage sites, and increasing responsiveness to environmental protection and climate change.

HVS APAC HOSPITALITY NEWSLETTER.
Kimpton Keeps Up With the Europeans...  

InterContinental Hotels & Resorts (IHG) is bringing its Kimpton Hotels & Resorts chain to Europe with a hotel planned for Amsterdam in the Netherlands. The Crowne Plaza Amsterdam City Centre is to undergo a full renovation and will open in 2017 as a Kimpton hotel, becoming the first Kimpton-branded property outside of the Americas. The 270-room hotel is owned by YC Amsterdam BV. IHG purchased Kimpton Hotels & Restaurants in January last year. "IHG's ability to take Kimpton to new markets and geographies was a key part of the transaction and we're delighted to announce this important milestone for the brand," commented Richard Solomons, IHG's chief executive officer.

HVS EMEA HOSPITALITY NEWSLETTER.

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