Pan Pacific London’s Post

Great report by the Global Asset Solutions teams. Make sure you reach out for #HICAP2024 conference in Singapore next month and meet with Alex Sogno Robert Walters and Juan Manuel Gea #assetmanagement #hotels #hotelasset

The International Luxury Travel Market (ILTM) in Cannes is buzzing with activity as hospitality brands navigate geopolitical challenges and prepare for future opportunities. Despite global conflicts, industry leaders remain optimistic. Accor's CEO, Sébastien Bazin, emphasizes resilience, stating that growth may slow but adaptation is key to sustaining success. Brands are showcasing ambitious projects: Four Seasons Hotels and Resorts plans to launch a luxury-yacht venture in 2026, while Capella Hotel Group is set to open a new property in Taipei by 2025. Cristiano Rinaldi of Capella Hotels and Resorts highlights emerging markets like Malaysia and Indonesia and predicts Thailand will attract savvy travelers in the coming year. The industry's focus is on innovation and adaptability to maintain momentum in turbulent times.

More exciting news from Accor’s premium brand expansion in #Asia, with a special focus on #Japan. We’ve officially signed the Pullman Tokyo Ginza – a major milestone in the heart of Tokyo’s renowned Ginza district. Set to welcome #guests in late 2027, this signing reinforces our commitment to meet Japan’s growing demand for #premium accommodations, all while capitalizing on #Tokyo’s global appeal as a top #travel destination. Ginza’s reputation as a luxury shopping and lifestyle hub makes this location the perfect spot to attract a diverse range of guests, giving the Group more visibility in Japan’s competitive #hospitality scene. The Pullman Hotels & Resorts brand continues to play a key role in Accor’s growth strategy, solidifying our presence in Japan’s premium hospitality market. Stay tuned for more updates! Click the link below to read more. 📰 https://lnkd.in/g6vjAsSS #AccorHotels #PullmanHotels #Tokyo #JapanExpansion #LuxuryTravel

What do you need to know about moving to Singapore as a luxury hospitality professional?   As a vibrant and multicultural city-state renowned for its world-class hotels, restaurants, and events, Singapore attracts top talent from around the world in the hospitality industry.   However, for professionals relocating to this cosmopolitan city, understanding the local culture and business etiquette is crucial for a seamless transition.   Swipe to find out our key takeaways for industry professionals moving to Singapore.   P.S. Would you add anything to our list? Let us know in the comments!   Nuvani London   #LuxuryHospitality #Singapore #LuxuryHotels #ExecutiveSearch

It was a pleasure to share a panel on independent hotel brands with Christopher Hur Toby Smith Michael Piro Andrew MacGeoch, at SEAHIS in Bangkok. Some takeaways from the panel and summit: • Hotel investment landscape reacting to higher funding costs and bid/offer spreads. Though hotel transactions as a percentage of office at multi-decade high of 50%. • Overall Asian hotel occupancy and ADR numbers remain strong. Growth beginning to level off into 2025. Costs remain elevated, but manageable. • There is a case for independent brands, allowing enhanced personal experience, more flexibility, direct booking model, but there are challenges to scaling. • AI adoption is accelerating in hotels, with accessible solutions on offer. Seen as human enhancing, not human replacing, in a heavily people relationship sector. • Asia has lagged Europe in adopting ESG standards, but there is progress in countries like Singapore, HK, Thailand, in terms of regulation and reporting. Thanks as always to Simon Allison and the HOFTEL LIMITED team for putting on an excellent event! #hotel #investment #hospitality #travel #tourism #privateequity #seahis

While the weakening yen is having an effect on the purchasing power of Japanese tourists and companies overseas, it is providing some benefits at home. Naturally, a weaker yen in dollar terms means that visits to Japan are relatively less expensive compared to previously. In the hotel sector, a report has found that average room rates in Tokyo are 30-40% cheaper than their counterparts in New York and Singapore. With the average rate at the end of March 2024 at roughly $177 dollars per night, many operators are now seeing an opportunity to increase prices whilst retaining visitor numbers. Alongside this shift, new luxury additions to the Tokyo hospitality scene will include the JW Marriott Hotel Tokyo and Hilton’s Waldorf Astoria Tokyo Nihonbashi, scheduled to open in 2025 and 2026 respectively. With visitor numbers topping a record 3 million in March, the highest since records began, it is clear that Japan’s post-COVID tourism boom is in full swing. Will the affordable yen prove to be another contributing factor to this? #Tokyo #Hotels #Tourism

Members of the VisitSingapore fan group have asked me to do an overview of the hotels in Singapore with a map to help. This is the blog post. https://wix.to/YtmBddI #newblogpost

Savills Japan has just released Japan Hospitality August 2024. "The hotel sector has continued on its upward trend, reaching new highs for ADR and RevPAR. This sustained robustness has also fuelled investment sentiment and volumes to historical highs. While overtourism is an issue in some popular areas, Japan has a wide and diverse array of locations that have not been discovered yet. More inbound tourists should be welcomed as long as they are properly distributed." https://lnkd.in/gtXcBAXk

It's true that Asian hospitality has made a significant mark on the global hospitality industry, often ranking at the top of "best hotel" lists. Asian hotels, particularly in countries like Japan, Thailand, and Singapore, are renowned for their impeccable service, attention to detail, and strong emphasis on personalized guest experiences. This level of care has helped them consistently stand out. While New York has a rich history in the luxury hotel scene, the competition worldwide is fierce, and the rise of hospitality in Asia reflects a broader shift in expectations and service quality. It's impressive to see how different regions bring their own cultural strengths to hospitality, creating a global standard for excellence. #besthotels #hospitality #luxury #lifestyle

Singapore's hotel sector has sustained its outperformance through 2024, with April year-to-date RevPAR registering a 25% increase over the corresponding period in 2019. International visitor arrivals to Singapore are projected to reach a range of 15 to 16 million in 2024, anticipated to generate approximately SGD 27.5 billion in tourism receipts. This positive outlook is underpinned by several favorable developments, including enhanced global flight connectivity and capacity, a robust calendar of concerts and events, as well as the implementation of mutual 30-day visa-free travel between China and Singapore. Collectively, these factors suggest the hotel and tourism market in Singapore is poised to sustain its positive trajectory. CBRE Asia Pacific CBRE Hotels CBRE #Singapore #Hotels #Hospitality