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Global Newsletter: August 30. ~ Click title to read the article
Wednesday, 30th August 2017

TODAY: Quarterly Hong Kong and Macau update, Ljubljana and more.

Quarterly Hong Kong and Macau update.

The reverberation from the sharp declines in mainland China visitor arrivals post-2014 echoed into the first quarter of 2016, negatively impacting hotel markets across the region, especially in Hong Kong and Macau.

Given that both cities are less than an hour away from mainland China, they suffered from the new restrictions placed on Chinese citizens.

InterContinental Ljubljana opens in Slovenia – where the alps meet the med.

InterContinental Hotels & Resorts continues its trailblazing heritage by opening the doors to InterContinental Ljubljana in Slovenia’s beguiling capital. The city is one of the latest rising stars in a hot list of emerging destinations in Eastern Europe.

Trinity Investments and Oaktree Capital form JV to acquire hotel assets.

Trinity Investments LLC and funds managed by Oaktree Capital Management announced the formation of a joint venture to invest up to $3 billion in high-quality, value added hotels in Trinity’s core markets: Hawaii, California, Mexico and Japan.

Record RevPAR fuels profit growth at UK hotels.

Record RevPAR levels helped hotels in the UK to maintain their strong period of top and bottom line growth in 2017, as the 4.4% year-on-year increase for the month fuelled a 3.8% increase in GOPPAR, according to the latest worldwide poll of full-service hotels from HotStats.

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