Insight > Article > Lodging Market Weekly Update 004

Lodging Market Weekly Update 004

  • Global
  • Lodging
  • Update

2025/07/27 – 2025/08/10

Korea
  • Westin COEX: Parnas Hotel will reopen the Westin COEX, which had been closed for renovations. The year-long vacancy of the COEX Hotel reduced Parnas Hotel’s cash flow by 22%, but the reopening is expected to drive performance recovery through higher occupancy rates.
APAC
  • Citadines Central Shinjuku: Singapore’s CapitaLand Ascott Trust will sell the 206-room Citadines Central Shinjuku in Tokyo for JPY 25 billion. The sale price represents roughly a 100% premium over book value, with closing expected in Q4 2025.
  • Avani Singapore: Minor Hotels has held the groundbreaking ceremony for its first Avani-branded hotel in Singapore. The 200-room Avani Singapore is being constructed in the Tanjong Pagar area as a 14-story building, with opening scheduled for Q2 2027. The development is a strategic joint venture among Minor Hotels, Kajima Development, and Al Wathba Investment.
Americas
  • U.S. Hotel Market Outlook: CoStar and Tourism Economics have downgraded their growth forecasts for the U.S. hotel market. Projections for OCC, ADR, and RevPAR for both 2025 and 2026 have been revised downward, with rising costs and shifting travel patterns cited as the main reasons.
  • Q2 2025 U.S. Hotel Transactions: According to a report by hotel investment advisory firm LW Hospitality Advisors, U.S. hotel transaction volume in Q2 2025 totaled USD 3.3 billion, up 17% from Q1. Transactions were particularly active in California and Florida.
Europe
  • European Hotel Market Trends: In June 2025, the European hotel market posted generally weak RevPAR growth. This was attributed to a reverse base effect from major events in the previous year, such as the Champions League Final and UEFA Euro. However, Southern European countries such as Portugal, Spain, and Italy maintained solid performance thanks to beach accessibility and strong inbound demand from North America.
  • Pullman Paris Montparnasse: A Bain Capital-led consortium has agreed to acquire the Pullman Paris Montparnasse hotel from URW. The consortium will purchase the 957-room property for EUR 300 million, with closing targeted by the end of the year.

Sign Up for the Lodging Market Weekly Update!

The email and name submitted will be used only for sending the newsletter, and you can cancel your subscription at any time using the unsubscribe link in the newsletter.

Lobin Co. | Business Registration #: 493-86-02766 | Mail-order Reporting #: 2023-Seoul-Seongdong-0187 | Email: project@lobin.co | Phone: +82-2-6403-9423 | Fax: +82-2-6008-9420 | Address: #4121 SOL623 Bldg, 25 Sangwon 1-gil, Seongdong-gu, Seoul | Hosting: AWS | FTC Verification

※ Downloading, extracting, transmitting, or reposting the content of this website without prior consents of Lobin Co., other than viewing on this website, is not allowed. The users violating this shall be liable for damages caused by such violations, pursuant to civil and criminal laws.

Scroll to Top
Download PDF
Step 1 of 2

Access Request for Data Dashboard 2024

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

※ You can use Data Dashboard without extra charges before expiration of the existing access period, if 2025 data is updated during the access period.

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.

Coming soon! We're still in process.

1:1 Contact

※ Messages intended for defamation or obstruction of business by Lobin Co. and /or other third parties, or containing content that is obscene, violent or unrelated to Lobin Co.’s business, will automatically be blocked by the system and not delivered to the administrator.

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.