ULI MEMBER-ONLY CONTENT: After the lockdown phase of late winter and early spring of 2020, global recovery in the hospitality sector has been showing signs of plateauing in recent months. But some segments of the market are faring better than others across Australia, China, and Japan, said a hospitality expert speaking at the ULI Asia Pacific Leadership Convivium, a ULI full member event held virtually in November.
U.S. real estate economists predict generally improved economic and property market news for the rest of 2020, as well as for the following two years, compared with their forecasts of six months ago, according to the fall 2020 ULI Real Estate Economic Forecast.
ULI MEMBER–ONLY CONTENT: The pandemic has triggered a bigger decline in hotel and resort revenues (measured by revenue per available room) than the previous five economic crises combined, said panelists speaking on the hotel and resort sector outlook during the 2020 ULI Virtual Fall Meeting.
ULI Member-only Content: Distinguished placemakers discuss how resort and recreation developments can adapt to consumers’ changing priorities.
Ian Wilson, senior vice president of nongaming operations and chief operating officer, Marina Bay Sands, addressed the 2019 ULI Asia Pacific Leadership Convivium, explaining how the resort-casino operator uses data in its operations.
New, tech-based companies create temporary apartment hotels, monetize absorption vacancies, and stimulate urban mixed-use projects.
Wise choices in fixtures, finishes, and functions may draw guests’ attention.
How are tourism trends shaking up the real estate industry?
The InterContinental Shanghai Wonderland Hotel in China’s Songjiang District, near Shanghai, appears modest when approached from ground level because only two storeys project above ground and green roofs help them blend into the surrounding greenery. But when guests step inside, they see the dramatic construction, attached to the rock like a hanging garden.
Everybody is talking about authenticity. It is mentioned practically on a daily basis in the real estate world. But authenticity is more than a buzzword to boost returns. It is a must-have component of successful placemaking.