TriO Capital

The challenges continue for #HongKong's local property market as the impending Year of the Snake 🐍 looks to be as slippery as ever with "motivated" transactions expected to dominate with banks running out of patience on existing facilities and extended recovery periods envisaged across the economy. At the crux of it, a major challenge to revitalising the local real estate market lies with lenders, as sentiment in general remains tepid at best, keeping opportunities over and above end users balance sheets, unfeasible for many, especially #PERE. With major players reaching out for assistance, where does policy sit for SMEs continuing to struggle with the current environment? Tim Alpe Kyu Baek Kim #realestate #investment #propertymarket https://lnkd.in/gnSHJ478

The lack of volume in #US hospitality deals last year versus 2023 and 2019, down by 20% and 30% respectively, was made up for somewhat with single trophy asset deals predominantly in the #luxury space. Blackstone was busy, shifting over 1,150 keys in Phoenix & Hawaii whilst divesting from OpCo G6 Hospitality LLC, a leading economy franchisor with the Motel 6 & Studio 6 brands, to OYO's parent company Oravel Stays. It will be interesting to see how the economy and midscale brands perform in 2025 to assist with reinvigorating investment volumes, a sector that has also struggled of late across Asia Pacific. Tim Alpe Kyu Baek Kim #hotels #hospitality #realestate #assetmanagement Hospitality Investor https://lnkd.in/gAQiWR_z

As we enter 2025, annual #travel #trends are predicting what will shape our travel patterns and behaviours this year; there are some solid direction's included but also feel's like AI has been given a bit too much freedom! From the pursuit of longevity that will focus on a more holistic approach; families embarking on extended summer getaways; wine lovers seeking out less popular regions, extended journeys and thoughtful detours, exploring culinary passions, and embracing alternative cruise and train experiences to deeply connect with our destinations. Here's a list of the 21 travel trends anticipated to shape our worldview in 2025, for more information review the article in full: 1. Travel Gets Lit - Book Tourism 2. Astrocartography - Effected by star signs 3. The Long Honeymoon 4. Herstory Lessons - Fresh Perspectives from a female gaze 5. Intrepid Supper Clubs 6. Accessible Adventure Travel 7. Female Thrill Seeking Sojourns 8. Athletic Adventures 9. Longevity Goes Holistic - Wellness focus 10. Rural Upskilling - Immersive field trips 11. Hotel Creative Collabs - The experiential angle of a hotel stay 12. Detour Destinations 13. Family Sabbatical 14. Oenotourism 15. The Anti-Butler Boom - For formality of luxury hospitality 16. Cowboy Core Travel 17. Cruise Nightlife - Overnight port stays 18. Locavore Lounges - Lounge offering upgrades 19. Off-board Experiences - Not just about the journey 20. JOMO - Soft/slow travel; the 'joy of missing out' 21. Night Tourism Tim Alpe Kyu Baek Kim Condé Nast Traveller #hotels #hospitality #experiences https://lnkd.in/ef-XiSgJ

Wellness in the hospitality industry takes on many forms, and the term can be used a little too loosely in some cases, but there is no doubt the #wellness economy as a whole is growing astronomically with some eyewatering values reported here from the Global Wellness Institute. As many hotels look to ensure a diversified "fan base" due to many factors including location, scale and brand distribution, and in many cases are not looking to be purely perceived as a product aimed at wellness, this article in Hotel Investment Today highlights a few key takeaways owners can focus on to widen appeal and authentically address target markets needs: 🍽️ Nutritional offerings, locally sourced & nutrient rich 🤸♂️ Active relaxation, quality of fitness facilities and equipment 💉 Anti ageing and beauty treatments 🛏️ Quality of sleep amenities provided/procured 🧘♂️ Stress relief, yoga programs, meditation and guided relaxation In SEA, operations like Vikasa, owned and managed by the good folks at Alta Capital Real Estate, have ventured out by offering "Wellness Management Agreements" in a similar vein as typical HMAs, tailoring management solutions to partners that don't have those expertise in house, making it all the more accessible to those wanting to address this growing trend. Where does wellness sit on your asset programming? Tim Alpe Kyu Baek Kim #hospitality #hotels #realestate #holisticwellness https://lnkd.in/eTAuJwST

An interesting piece here on #modular #construction by Phil Kirschner in Forbes, outlining at the crossroads of economic volatility, environmental needs, and evolving work dynamics, modular real estate is presenting unique opportunities to blend flexibility, efficiency, and innovation, in not only the way we build, but the way we work. In a landscape that prioritizes agility and resilience, modular construction is not merely a solution for the present; it represents a commitment to a future where spaces serve us more effectively. https://lnkd.in/gkHMcy8q Tim Alpe Kyu Baek Kim #realestateinvestment #assetmanagement #hotels #hospitality

Hear from our own Kyu Baek Kim on why demand for boutique hotels is increasing in the upscale and midscale segments, with global giants like Wyndham Hotels & Resorts Asia Pacific embracing lifestyle and Hilton Hotels & Resorts and Hyatt expanding brand portfolios through acquisitions. Hotel conversions remain appealing due to high #construction costs, particularly for outdated hotels and struggling independent properties. However, challenges such as liquidity issues, a bid-ask price gaps, and high #development costs hinder new projects, reinforcing the shift towards conversions in the boutique hotel sector. #hotels #hospitality #assetmanagement #realestateinvestment Tim Alpe https://lnkd.in/g4FQqekM

The continued rise in adoption of AI for travel is developing at warp speed, from large language models to evolving versions of generative AI, Google Travel and the latest version of #ChatGPT, to name just a few. An interesting read here about optimizing your online presense for a broader set of long-tail keywords is essential in the era of generative AI. Instead of focusing on short keywords like “Bali Hotels,” you can now target more specific queries, such as detailed requests for accommodations, and the keys to this optimisation may be sitting in your OTA account setup forms, which will allow the AI to understand the full context of the search. Enhancing your Frequently Asked Questions (FAQs) with more long-tail information can also better cater to AI searches, shifting the focus from purely human consumption to targeting AI needs. Copywriters beware; quote "So if you’re a hotel, having fluff like “Uncover the allure of [city] with hotel [name] as your sanctuary. Seamlessly blending style and convenience, our boutique hotel offers contemporary comfort and personalized service at the heart of the city. Whether for business or leisure, immerse yourself in [city] vibrant culture from our urban oasis” is nice, but if you don’t include more on product details, the AI is not going to find you." #AI #FutureofTravel #TravelDiscovery #hospitality Tim Alpe Kyu Baek Kim PhocusWire Northstar Travel Group https://lnkd.in/gnACarAs

Industry leaders from Radisson Hotel Group, H World International, and Club Med are eyeing substantial expansion opportunities in Asia, spurred by the region's vast population and emerging middle class. Radisson's Elie Younes highlighted that Asia is pivotal for thier growth strategy, with a pipeline of new hotels exceeding that of EMEA, emphasizing the benefits of being Asian-owned, which enhances cultural diversity and improves access to Chinese customers. H World, which operates an impressive 10,000+ hotels, is focused on expanding into Southeast Asia, leveraging its strong supply chains to reduce costs for owners. Club Med is also targeting the region, aiming to popularize upscale all-inclusive offerings, which currently represent only 3% of the global market. These are just a few of those poised to reshape the hospitality landscape in Asia, and with brand M&A on the rise, it will be interesting to see the adoption rates and value propositions for owners in these markets. #hotels #hospitality #realestateinvestment #assetmanagement Hospitality Investor https://lnkd.in/gE_AMSNa

Although referencing The America's, this article draws upon the continued focus that the #extendedstay segment is getting from investors and developers alike, which there are plenty of examples across Asia Pacific as well especially if including those coined #coliving. Avoiding "amenity creep" is crucial to ensure sufficient flow through to the bottom line, whilst keeping the exit cap sharp via the ability in most cases to trade between both short and long stays when market fundamentals allow. #longstay #servicedapartments #realestate #hospitality #investment Hospitality Investor https://lnkd.in/eS6JPfTY

JLL forecasts a 4.3% increase in Asia Pacific #hotel #investment volumes for 2024, building on the $11.7 billion recorded in 2023. In the first nine months of 2024, total transaction volumes reached $9.05 billion, marking a 15% year-on-year rise from $7.87 billion in 2023. This figure represents 90% of the volume seen in 2019. Cross-border investments saw significant growth year-to-date driven by major transactions particularly in #Japan. Meanwhile, #Australia faced a notable decline in annual activity. JLL JLL's Hotels & Hospitality Group HM Magazine https://lnkd.in/gXJjEcER