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Lodging Market Weekly Update 001

  • Global
  • Lodging
  • Update

2025/07/07 – 2025/07/20

Korea
  • PARASPARA Seoul: Hanwha Hotels & Resorts is reportedly in negotiations to acquire PARASPARA Seoul, a five-star resort located in Ui-dong, Seoul, with 330 rooms. The estimated transaction value is approximately KRW 200 billion. The property is currently operated under management contract by Josun Hotels & Resorts.
    Korea Economic Daily, 2025/07/17
  • Mercure Ambassador Hongdae: Goldman Sachs Asset Management has acquired a mixed-use complex that includes the 270-room, four-star Mercure Ambassador Hongdae Hotel for approximately KRW 262 billion. Goldman Sachs previously invested in the renovation of the Scarlett Building, a commercial and office complex.
    AInvest 2025/07/10
APAC
  • Skye Suites Sydney: Singapore’s Furama Group has acquired the 73-room serviced apartment Skye Suites Sydney, along with the adjoining retail complex Skittle Place, from Australia’s Crown Group for AUD 68 million.
    Hotel News Resources 2025/07/08
  • Hotel Chains Expanding in India: Global hotel chains are announcing record-breaking expansion plans in the Indian market. Notably, Marriott has signed agreements to add seven more hotels, signaling high expectations for India’s growth potential.
    Skift 2025/07/09
Americas
  • U.S. Hotel Market in 2nd Week of July: In the second week of July, the U.S. hotel market remained steady, with slight year-over-year performance declines. However, strong demand from group and business travel continues to support solid ADR and RevPAR levels.
    CoStar 2025/07/18
  • Hotel Development Trends: In the United States, new hotel development is slowing down due to declining demand, economic uncertainty, and high debt and construction costs. Additionally, most hotels currently under development are concentrated in the mid-tier segments.
    Hospitality Net 2025/07/17
Europe
  • Dalata Hotel Group: Sweden’s Pandox and Norway’s Eiendomsspar have agreed to acquire Ireland’s Dalata Hotel Group for approximately EUR 1.4 billion. Investor interest in Ireland’s lodging market remains strong.
    CoStar 2025/07/15
  • Spain’s Extended Stay Market: As extended stay lodging rapidly expands in Spain, European brands such as Limehome, Numa, and Bob W are leading the market, while U.S. hotel brands like Marriott and IHG are making aggressive entries.
    CoStar 2025/07/09

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Data Dashboard 2024 provides detailed data for 17 metro markets by establishment type, visualized through Microsoft Power BI.

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Data Source

  • GDP: GDP, Current $US (World Bank Open Data)
  • Establishments: Compendium of Tourism Statistics (UNWTO), Lodging Business Ledger (MOIS)
  • Rooms: Compendium of Tourism Statistics (UNWTO), Lodging Business Ledger (MOIS)
  • Lodging GDP: Value Added by Industry (BEA), National Accounts (Cabinet Office), GDP of Indonesia (BPS), GDP & GNI by Sector (BOK), Economic Census (KOSIS)
  • Period: 2017-2021

※ In Korea, general & residential accommodations are included while rural & urban minbaks are excluded. Comparable countries are selected based upon availability of lodging GDP statistics for all types of accommodations.

Data Source

  • Population: Population, Total (World Bank Open Data)
  • GDP: GDP, Current $US (World Bank Open Data)
  • Rooms: Compendium of Tourism Statistics (UNWTO), Lodging Business Ledger (MOIS)
  • Lodging GDP: Value Added by Industry (BEA), National Accounts (Cabinet Office), GDP of Indonesia (BPS), GDP & GNI by Sector (BOK), Economic Census (KOSIS)
  • Period: 2017-2021

※ In Korea, general & residential accommodations are included while rural & urban minbaks are excluded. Comparable countries are selected based upon availability of lodging GDP statistics for all types of accommodations.

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Data Source

  • Korea: Lodging Business Ledger (MOIS), Tourist Accommodation Ledger (MCST)
  • USA: Census Database (STR)
  • Period: As at the end of 2021

※ General & residential accommodations other than rural and urban minbaks asre included for Korea. Life cycle was calculated as of December 31, 2021 or actual closure date. If there exists a discrepancy between data sources for an establishment, the discrepancy was settled through an algorithm before use.

Data Source

  • Korea: Lodging Business Ledger (MOIS), Tourist Accommodation Ledger (MCST), Economic Census (KOSIS), Hotel Operating Statistics (KHA), DART (FSS), Trends Report (STR)
  • USA: Compendium of Tourism Statistics (UNWTO), Census Database (STR), Trends Report (STR)
  • Period: 2005-2021

※ General & residential accommodations other than rural and urban minbaks asre included for Korea. Visibility was calculated as the number of establishments for which revenue data is available divided by the total number of establishments. If there exists a discrepancy between data sources for an establishment, the discrepancy was settled through an algorithm before use.

Data Source

  • Guests(Korea): Domestic Traveler Survey (MCST), International Traveler Survey (MCST), Hotel Operating Statistics (KHA)
  • Rooms(Korea): Lodging Business Ledger (MOIS), Tourist Accommodation Ledger (MCST)
  • Guests(USA): Compendium of Tourism Statistics (UNWTO), Trends Report (STR)
  • Rooms(USA): Compendium of Tourism Statistics (UNWTO), Census Database (STR)
  • Period: 2005-2020

※ General & residential accommodations other than rural and urban minbaks asre included for Korea. If there exists a discrepancy between data sources for an establishment, the discrepancy was settled through an algorithm before use.