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Hotels and Hospitality

We’re the first - and largest - global hotel investment services firm

​​​​​​​​​​​​​​​​​​​​​​​​​​​​Hotel and hospitality owners, investors and operators need a very broad set of skills and experience to meet business goals in an increasingly competitive market. The Hotels & Hospitality Group of JLL delivers the complete range of advisory and brokerage services to support our clients at every stage in their investment cycle.

Our services span the hotels and hospitality spectrum from luxury, select service and budget hotels, timeshare, convention centers, mixed-use developments and other hospitality assets.

Few firms can offer our combination of brokerage and advisory services, essential to create a practical foundation for advice and the highest investment sales returns.

More than any other advisor in the world, our dedicated Hotels & Hospitality team provides the depth and breadth of specialist research and market intelligence to support our clients critical decisions.

We work closely together as a local, regional and global team, sharing specialist skills, knowledge and contacts to deliver exceptional results.

For more news and research from JLL​’s Hotels & Hospitality Group, please visit: www.jll.com/hospitality​

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Home sharing platforms to impact SEA hotel rates/philippines/en-gb/news/313/home-sharing-platforms-to-impact-sea-hotel-ratesHome sharing platforms to impact SEA hotel rates<p>​Growing demand for home sharing platforms will impact hotel room rates in Southeast Asia, with the number of listings expected to grow to 15 percent of total room inventory by 2020, a property firm report said.</p><p>In a report, real estate services firm Jones Lang Lasalle said listings for home sharing platform Airbnb currently account for 5 percent of total room inventory and around 2 percent of occupied room nights in Southeast Asian cities such as Singapore, Bangkok, and Kuala Lumpur.</p><p>On a global scale, home sharing platforms such as Airbnb and Homeaway account for 25 percent of the total available hotel room nights in global gateway cities in the US and Europe.</p><p>The impact on hotel room rates is likely insignificant in Southeast Asian countries, according to JLL.</p><p>“However, we expect the number of listings to grow to 15 percent of total inventory and 5 percent of occupied room nights by 2020,” JLL said.</p><p>This could be driven by the possible increase in prices of residential rents.</p><p>“If planning laws allow short-term stays in residential sites in central locations, residential prices could rise. As integration of use between retail, office, hotel, residential increases in city centers, values may depend more on location than allowable use in the next five to 10 years,” JLL said.</p><p>At present, JLL noted the gap between residential rents and hotel room rates remain significant in Singapore and Kuala Lumpur.</p><p>“Average monthly revenue from Airbnb rentals is estimated to be lower than residential rents largely due to lower occupancy rates of around 20 percent, compared to residential occupancy rates of 90 percent,” JLL said.</p><p>In the top global cities, the estimated Airbnb average occupancy rate is 25 percent to 30 percent, while hotel occupancy rates are at 80 percent.</p><p>“This implies that home sharing accommodations may make up 9 percent to 11 percent of total occupied room nights in these cities. Impact on hotel room rates is started to be felt as hotels experience fewer compression nights,” JLL noted.</p><p>Home sharing platforms continue to work with city planning authorities to regulate and manage social side effects of their operations, according to the report.</p><p>“Depending on the city, restrictions and taxes are being put in place to minimize the impact of these short-term accommodations on availability of affordable housing and disamenities,” the report said.</p><p>JLL noted a few hotel operators are starting to acquire home sharing platform in order to maintain market share.</p><p> </p><p>This article was originally published in <a href="http://www.manilatimes.net/home-sharing-platforms-to-impact-sea-hotel-rates/267099/">Manila Times</a>.</p>0x0100E81015D9D08198458B498FF948D658F90052B0972AFC77B94093C478C1B5B47C88
BPO, tourism, driving development outside MM/philippines/en-gb/news/309/bpo-tourism-driving-development-outside-mmBPO, tourism, driving development outside MM<p>​<span style="line-height:1.6;">T</span><span style="line-height:1.6;">he robust business process outsourcing (BPO) industry and the growing tourism sector are driving developers to build projects outside of Metro Manila, top real estate practitioners said.</span></p><p>“Growth of the BPO market and the tourism market in areas outside of Metro Manila has resulted in the growth of mixed-used projects,” Jones Lang Lasalle Philippines Head of Research, Consultancy and Valuation Claro Cordero Jr. said during the Property Report Congress Philippines on Thursday.</p><p>In the same congress, Jones Lang Lasalle Country Manager Lindsay Orr noted that growth is particularly seen in the hotel sector.</p><p>Orr said the country’s hotel sector is set to even get bigger in the next couple of years, forecasting a 50-percent increase in the number of hotel rooms in the next four years.</p><p>He said at present, the country has 112 hotels with more than 24,500 rooms, while an additional 30 hotels are expected to be completed between 2016 and 2020, adding an estimated 12,200 rooms to the current hotel supply.</p><p>Meanwhile, Cordero noted that at present, there are about 3,000 hectares of land outside Metro Manila that are currently being developed. Cordero said this land could be used for the development of projects in the office, residential, retail and hotel sectors.</p><p>“There is a growing demand for these provincial sectors, especially for BPO centers since majority are going to be now in areas outside of Metro Manila, Cordero said. “Developers are going to expand to set their footprint in places such as Cebu and Davao.”</p><p>Megaworld Senior Vice President Jericho Go echoed Cordero’s sentiment as he said the demand for BPO is driving developers to go outside of Metro Manila to be able to tap the larger labor pool.</p><p>“What we realize is that when we started to develop BPO in Metro Manila, soon we would be needing to tap into the provincial labor pool,” Go said.</p><p>Go noted that to preserve the country’s growing BPO market, there is a need to expand to other business hubs in the country.</p><p>“In order to preserve market share, we need to tap into other centers like Cebu, CDO, Bacolod, Davao,” Go concluded.</p><p><br></p><p>This article was originally published in <a href="http://www.manilatimes.net/bpo-tourism-driving-development-outside-mm/254689/">Manila Times</a>.</p>0x0100E81015D9D08198458B498FF948D658F90052B0972AFC77B94093C478C1B5B47C88

 

 

Tech firm office location choice - how does it work in Asia Pacific?/asia-pacific/en-gb/research/837/tech-firm-office-location-choice_jan2017Tech firm office location choice - how does it work in Asia Pacific?In this paper, we examine the factors involved in the regional and city location choices tech firms make, with the following key findings.0x01010063443623C9F9004FA21AA8EABD6132C80096456DD4F4AF204EB9DD2C24B361B045
Philippines Property Market Monitor - December 2016/asia-pacific/en-gb/research/836/pmm-mnl-dec2016Philippines Property Market Monitor - December 2016This report highlights key developments or trends in the real estate market during the past month, with a focus on the office, residential, retail and hotel property markets.0x01010063443623C9F9004FA21AA8EABD6132C80096456DD4F4AF204EB9DD2C24B361B045