Global Hospitality Report (November 27, 2017)

HVS Market Pulse: Galveston, Texas 
By J. Carter Allen

Visitation to Galveston Island continues to climb, despite economic headwinds throughout the region, with cruise passengers continuing to bolster visitation numbers to one of Texas’s most popular islands.

The HVS Quarterly Hong Kong Update  
By Christy Tung and Daniel Voellm

This market snapshot provides an overview of the Q32017 performance of the lodging industry in Hong Kong, in terms of demand and supply, and the retail sector performance.

The HVS Quarterly Macau Update 
By Christy Tung and Daniel Voellm

The detrimental Category-10 Typhoon Hato struck Macau in August and left extensive damage to the city. How did it affect Macau’s visitor arrivals, hotel, and casino sectors amidst the city’s tourism industry recovery in 2017?

IHG Partners with SAMHI to Expand Holiday Inn Express Portfolio in India 

InterContinental Hotels Group has partnered with SAMHI to rebrand approximately 2000 rooms (operating and under construction) within its India hotel portfolio, to Holiday Inn Express hotels. The recently signed portfolio comprises 14 hotels, including ten open hotels across key cities such as Ahmedabad, Bengaluru, Chennai, Delhi NCR, Hyderabad, Kolkata, and Mumbai. The additional four hotels are under construction. All hotels in the portfolio will be closed while they are being refurbished and upgraded with the latest design directives, to ensure the portfolio is fully representative of the Holiday Inn Express brand globally. The partnership has strengthened IHG’s presence across India, with the newly signed hotels located across 11 key cities, resulting in 90 per cent of Holiday Inn Express portfolio being concentrated in Tier 1 cities. IHG currently has 30 hotels operating across four brands in India, including InterContinental, Crowne Plaza, Holiday Inn and Holiday Inn Express, with a further 33 in the development pipeline.

Pandox Preferred Bidder for Jurys Inn  

Swedish hotel investment group Pandox has been selected as the preferred bidder for the purchase of the Jurys Inn portfolio after placing a bid of around £800 million. The portfolio, which is being sold by US private equity firm Lone Star Funds, includes 36 Jurys Inn hotels (across the UK, Ireland and Czech Republic) and the Hilton Garden Inn London Heathrow. It is reported that Pandox has teamed up with Fattal Hotels' owned Leonardo Hotels as its operating partner for the deal.


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