Global Kigyo’s Post

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

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

Last December, the average room rate for a hotel in Japan was 21,102 Yen, up 8.2% from November and the first time in the 2000s that it has exceeded 20,000 Yen, according to industry tracker STR. The nationwide average is being pulled up by hotels in Tokyo, Osaka, Nagoya and Hokkaido, as inbound visitors show a remarkable return. https://lnkd.in/gvUDHdY6 #japanrealestate #japan

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

The #hospitality landscape in Singapore is undergoing remarkable transformations. Driven by a surge in #technology integration and the desire for more personalized experiences, #hotels are shifting towards AI-enhanced services and multi-generational accommodation models. There’s also a notable move towards branded ecosystems that blend leisure, work, and wellness, catering to the changing preferences of modern travelers. In this era of #innovation, Singapore continues to lead the way with #sustainable designs and curated guest experiences that leave a lasting impression. The #future of hospitality is here—and it’s happening in #Singapore. 🇸🇬 🌟 . . . #hospitalitytrends #singaporehotels #luxury

Japan's hotel ADR has been a widely discussed topic in the global hotel space recently, with the depreciating yen drawing more international visitors to the country. Read our full deep-dive into the topic here: https://bit.ly/3QIUtOu

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 Luxury Hotel Supply Hits a New Growth Milestone in 2024! 🌟 As we step into 2024, Singapore's luxury hotel market celebrates a pivotal achievement. The rolling ten-year Compound Annual Growth Rate (CAGR) for luxury room supply has climbed to a robust 2.8%, outpacing any year since 2005, when it stood at 3.8%. This is a testament to the resilience and dynamism of the sector. 📈 Let's take a moment to appreciate the journey that brought us here: 📉 Stagnation Era (1972-1981): The luxury hotel market endured a sluggish phase, with no growth, reflecting global economic challenges. 🚀 Boom Years (1982-1988): A period of rapid expansion, with a luxury room supply CAGR peaking at 8.2%, coinciding with the rise of Singapore as a Tiger Economy. 📈 Steady Expansion (1989-1995): Growth continued at a strong pace, averaging 7.6% despite the looming Asian Financial Crisis. ⏳ Cooling Off (1996-2011): Amidst various global crises, growth slowed, averaging 4.0%, reflecting the times' uncertainty. 🌱 Moderate Recovery (2012-2024): Post-crisis, the market has been rebuilding, culminating in the current 2.8% rolling CAGR, signaling a recovery and a potential new era of growth. This upward trajectory reflects the robustness of Singapore's luxury hotel sector, even as it navigates the complexities of a post-pandemic world. As we celebrate this milestone, it's crucial to look ahead and forge strategies that sustain growth, enhance competitiveness, and embrace innovative trends in the hospitality industry. The interplay of local initiatives and global economic trends will continue to shape the future of luxury accommodations in Singapore. It's more important than ever to stay informed and adaptive. What do you foresee for the future of luxury travel and accommodations in Singapore? Share your insights! #SingaporeHotels #EconomicTrends #TravelBehavior #TourismInsights #LuxuryAccommodations #HospitalityTrends #TravelSingapore #CAGR

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

The recent uproar over a tourist's claim that Singapore is "super expensive" has sparked a heated debate online. 🤯 Yes, staying at a $1,200-a-night hotel and dining on $85 tuna salads will burn a hole in anyone's wallet. But does that paint the whole picture of Singapore? Not even close. 📌 Let’s set the record straight: 1. **Accommodation**: Sure, you can splurge at Marina Bay Sands or Raffles. But budget hotels, hostels, and serviced apartments offer comfort at a fraction of the cost.    2. **Food**: Why skip hawker centers where $5 gets you a delicious meal? Michelin-starred street food, anyone? 3. **Transportation**: $800 for transport? Locals get around the city with $4.40 rides on our efficient MRT system. 4. **Experience**: From the free Supertree Grove light show to exploring cultural enclaves, Singapore offers countless affordable (even free!) activities. Tourdebree's extravagant spending is her choice, but let’s not mislead potential visitors. Singapore is as expensive - or as affordable - as you make it. 👉 What's your take? Is Singapore really that expensive, or is it all about choices? Share your thoughts and experiences! Let's debunk the myths and set the record straight. Singapore #BudgetTravel #LuxuryTravel