Leeny Oberg’s Post

🏨 Exploring the Dynamic Landscape of the UK Hotel Property Market 🌟 Having closed a number of successful UK Hotel deals, 2023 has been a fascinating year for the UK hotel property market, witnessing remarkable shifts in trends. 🇬🇧 With travel restrictions evolving and hospitality adapting, the UK's hotel sector stands resilient, embracing innovation and redefining guest experiences. Key points worth noting: 1. Adaptability Amidst Challenges: Despite challenges, hotels are demonstrating resilience by pivoting their offerings, exploring hybrid models, and leveraging technology to meet evolving guest expectations. 2. Sustained Investment Opportunities: The market remains attractive for investors seeking strategic acquisitions and partnerships, with opportunities emerging in various regions across the UK. 3. Focus on Sustainability: Eco-conscious travelers are influencing hotel choices. Properties investing in sustainable practices are gaining traction and enhancing their market appeal. As the hospitality landscape continues to evolve, it's inspiring to witness how UK hotel properties are reimagining their strategies, embracing innovation, and creating memorable guest experiences. 🌍🔍 I'm keen to hear your thoughts and insights on the current state and future prospects of the UK hotel property market. Share your perspectives in the comments below! 👇💬 #UKHotels #HospitalityIndustry #PropertyMarket #RealEstateTrends #InvestmentOpportunities #TravelIndustry #InnovationInTheUK #LinkedInDiscussion

Our Global Hotel Investment Trends report provides exclusive insights into the state of the lodging industry in Q1 2024. The report showcases four key trends that have helped shape the global hotel landscape: 1. Strong consumer trends and modest supply growth underpin elevated performance 2. Foreign investment surges, with further growth on the horizon 3. Urban markets drive global hotel liquidity; investment activity to accelerate further 4. Investors gravitate to hotels on opposite ends of the spectrum: luxury & select-service To see a full version of the report, please reach out to Stephany Chen, Patrick J. Saade, Ophelia Makis or Zach Demuth #JLLHotels #HotelsandHospitality #Globaltrends #Hotels #Hospitality #Research 

What are luxury and cities driving? Growth.   We have seen a surge in global hotel RevPAR, up by 13% in Q1 2024. Primarily driven by robust performance in urban markets across Europe and the U.S - fueling renewed optimism.   Investors, particularly private equity and foreign capital are looking to cities like Paris and London, drawn by attractive pricing and quality assets. Cross-border liquidity in EMEA reached its highest Q1 total in 3 years, with foreign investors increasingly targeting safe-haven markets across Europe.   Amidst capital market dislocation there are divergent investor interests, a. for luxury - aligned with the growth in global wealth - and b. select-service hotels - for those seeking smaller cheque sizes.   This juxtaposition is likely to persist, reflecting diverse investor appetites throughout 2024.

Despite current headwinds affecting investment, the outlook is optimistic, with expectations of a stronger, more vibrant hospitality landscape on the horizon, particularly in the luxury hotel sector. #HospitalityIndustry #Investing #LuxuryHotels

Our Q3 2023 Global Hotel Investment Trends report launched today. Report insights include: 1. Performance remains elevated, albeit growth is beginning to slow in some markets 2. Foreign investment to be more present in the coming months 3. Investment slows amid headwinds, yet activity expected to strengthen in coming months 4. Luxury hotels continue to garner the most investor interest   To see a full version of the report, please reach out to Patrick J. Saade, Amr Nady, Stephany Chen, Zach Demuth or Ophelia Makis. #JLLHotels #HotelsandHospitality #Globaltrends #Hotels #Hospitality #Research 

Diving into the Future of Hospitality: Insights from the Frontlines. I recently participated in pivotal discussions at the Cayuga Hospitality Consultants meeting and the BizNow Hospitality Summit in Chicago, uncovering emerging trends and shared concerns among hotel operators and investors. From the evolution of the labor market to the resurgence of PIPs and the undeniable resilience of travel demand, join me in exploring how these developments are shaping the future of hotel operations and investments. https://loom.ly/-eMRW7c #HotelDevelopment #PeckHotelConsulting #HotelOperations

We value around 8,000 hotels across England and Wales for business rates. For valuation purposes we group hotels into two categories: 1️⃣ small independent hotels 2️⃣ larger independent and chain hotels Each category has its own valuation method. We have worked with UKHospitality, the largest representative body for hotels in the country, to understand the key factors that must be considered when calculating each hotel's rateable value. Learn more about our valuations: https://lnkd.in/eBndNiDZ

As I prepare to embark on a refreshing holiday to Canada 🇨🇦 , I leave you with some exciting insights into Minor Hotels’ future: Our aggressive growth strategy through 2025 isn’t just about expanding our portfolio; it’s about adopting strategies that harness our scale and allow us to dictate our future. In a recent conversation with Skift , I shared deeper perspectives on what drives Minor Hotels’ strategy and how it mirrors larger shifts in the hotel sector. 🌐 Global Ambitions: Our strategy is global, bringing upscale and luxury brands across Europe, Asia Pacific, and beyond. We’re focused on cross-developing our brands to create a harmonious blend of luxury and accessibility in diverse locations. 🚀 Towards a lighter Asset-Right Model: while we will always retain direct ownerships of key flagships assets, embracing modern trends, we’re shifting towards a lighter asset-right model, focusing on management or franchised contracts. This strategic move is set to organically add another 75 hotels to our portfolio, expanding our global footprint while retaining our strict owner mindset across all management categories. 🔄 Repositioning for Relevance: Conducting thorough brand and asset audits, we’ve been repositioning properties to align better with market expectations and brand standards. This includes upgrading properties and adapting to market shifts, ensuring each hotel under our banner resonates with its locale and clientele. 🔗 Loyalty and Digital Integration: In an era where #loyalty is key, our integration with the Global Hotel Alliance’s Discovery program marks a significant stride towards offering a seamless experience across like minded brands. 🖥 Embracing Digital Transformation: As we look towards the future, the development of a group-wide booking platform is on the horizon, promising a unified and efficient booking experience for our guests. 📈 Refining Distribution Strategies: Our focus remains on crafting a balanced distribution strategy, ensuring profitability not just in room bookings but across all services we offer. As I reflect on this journey, I’m reminded of how Minor Hotels’ strategy is a testament to our adaptability and vision. Our story is not just about expansion; it’s about scalable and profitable growth setting new benchmarks in the hospitality industry. #MinorHotels #Travel #Expansion #hoteltrends

Great conversation on the current state of the hotel market if you have a few minutes. #Newmark #NewmarkHotels #HotelMarkets

🌟 Insightful Perspective on Travel Trends! 🌍 According to Reuters, "Demand for #affordable hotels such as Choice Hotels International and Wyndham Hotels & Resorts are on the rise as persistent high #inflation and #recession sap consumer spending on travel." In light of this, I'm curious to hear your thoughts: How do you feel about saving a little money and staying at a more affordable hotel while on #vacation? Share your insights! 🏨✈️ #traveltrends Marcus & Millichap #budgetaccomodations AAHOA #shareyouropinion #hospitalityindustry Miller-Gomes Hotel Team at Marcus & Millichap #hotelsales #commercialrealestate