2025/07/21 – 2025/08/03
Korea
- Hotel Shilla Q2 Earnings: Hotel Shilla’s stock price dropped by about 8% following weak Q2 earnings. Operating profit was KRW 8.7 billion, down 68.7% year-on-year and approximately 46% below market expectations, while revenue showed only a slight increase. Securities firms maintained a “Neutral” rating, noting that duty-free demand is unlikely to recover until the return of Chinese group tourists.
APAC
- Wyndham–Ovolo Partnership: Wyndham has formed a strategic partnership with Ovolo, a Hong Kong-based lifestyle hotel brand. Through this agreement, five Ovolo hotels in Australia and Hong Kong will be integrated under the Wyndham brand, expanding Wyndham’s premium lifestyle portfolio in the Asia-Pacific region. Ovolo will retain ownership and operations of the hotels while leveraging Wyndham’s global network and loyalty program for growth.
Americas
- U.S. Weekly Hotel Performance: For the week of July 20–26, 2025, the U.S. hotel industry recorded declines year-over-year. OCC stood at 71.5% (-0.7%), ADR at $164.88 (-0.1%), and RevPAR at $117.88 (-0.8%). Houston saw the steepest declines in all three metrics due to a base effect from elevated demand after Hurricane Beryl in 2024.
- U.S. Hotel Investment – First Half 2025: Hotel transaction volume in the U.S. dropped by approximately 22% year-over-year in H1 2025, with expectations of continued weakness into the second half. Amid stable interest rates and ongoing macroeconomic uncertainty, property owners are reluctant to sell. Most transactions are under $10 million, with private equity firms being the main buyers.
- Portman’s Strategic Shift: Real estate developer Portman has acquired the 456-room Westin Cincinnati, located in the city’s downtown core. This marks Portman’s first hotel acquisition and signals a strategic pivot from development-led initiatives to asset acquisition and value-add strategies.
Europe
- Dusit–Sydel Joint Venture: Thailand’s Dusit has partnered with French real estate investment firm Sydel to establish a joint venture named “Dusit France.” The partnership aims to introduce and develop various Dusit hotel brands in key regions of France. By leveraging Sydel’s local expertise, the venture plans to strategically select hotel sites and promote innovative, wellness- and sustainability-focused hotel concepts.
