TriO Capital

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 Hotel conversions remain appealing due to high #construction costs, particularly for outdated hotels and struggling independent properties.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

As a key initiative from Chief Executive John Lee's policy address earlier this week, 'Study in Hong Kong' has the potential to spurn investor appetite for the space, however, in well located and amenitised areas, #PBSA is unlikely to be a viable option in the short-term. The concept of government land being made available via a 'rent only' mechanism could be a catalyst given the softer demand and number of govt land tender withdrawals of late with the subdued appetite for new construction and bid-ask misalignment. A streamlining of conversion processes could provide a much needed 'shot in the arm' for investors eyeing historically great value-add opportunities in #HongKong. #PurposeBuiltStudentAccommodation #Students #StudentHousing South China Morning Post SCMP https://lnkd.in/gMNri2Uz

It goes without saying, in most cases travelers, especially those on long-haul economy flights, aim to get from A to B as quickly as possible. Now, thanks to a trial launched last month in #APAC, reducing travel time on lengthy journeys is becoming a reality based on the route pilots select. Since early August, aircrew on select flights between #Singapore, #Jakarta, and several cities in #Australia and #NewZealand have been granted the flexibility to take the most direct and efficient routes. This initiative not only aims to save time but also to conserve fuel and reduce greenhouse gas emissions. #airtravel #airlines #aviation #travel South China Morning Post SCMP https://lnkd.in/gkNMFns8

The Hong Kong Monetary Authority (HKMA) is keeping a close eye on the rising bad debt levels in the city’s commercial real estate sector. However, HKMA CEO Eddie Yue Wai-man expressed confidence that the banking system is strong enough to manage the situation without facing significant issues. As of June, the overall bad-debt ratio in the local banking sector climbed to 1.89%, up from approximately 1.5% at the end of last year. Yue attributed this increase primarily to a surge in defaulted loans within the commercial real estate sector, including those tied to mainland China. #HongKong #CRE #AssetManagement South China Morning Post SCMP https://lnkd.in/gY25SmBj

In the #hospitality industry, #data is a crucial asset for hotels aiming to boost efficiency, maximize profits, and provide outstanding guest experiences. A recent study by Hospitality Technology reveals that 75% of hoteliers utilize data analytics to inform their decision-making and you have to ask yourself, why isnt that 100%? By harnessing data in critical areas, hotels can optimize operations, lower expenses, and enhance their competitive edge. #hotels #assetmanagement #realestate Hospitality Net