Insight > Article > Lodging Market Weekly Update 021

Lodging Market Weekly Update 021

2025/11/23 – 2025/12/07

Korea
  • Glad Hotel resumes sale of three properties: DL Group is reportedly restarting efforts to sell three hotels it directly owns. If the disposals are completed, market watchers expect a full-scale portfolio reshaping, potentially including an exit from the hotel business or a search for new investment opportunities. The new leadership is also anticipated to spearhead structural reorganization once the asset sales are finalized.
  • Inspire Incheon completes PF refinancing: Inspire Entertainment Resort in Yeongjong-do, Incheon has refinanced approximately KRW 1.27 trillion in project financing loans into secured loans. The refinancing is viewed as a move that strengthens financial stability by reducing interest-rate and maturity risks while securing additional investment capacity for core business segments such as the hotel, casino, and arena.
APAC
  • Baymont by Wyndham makes APAC debut: Wyndham has opened Baymont by Wyndham Kunming Wuhua in Kunming, marking the brand’s first entry into the Asia-Pacific region. Located in the city’s commercial center, the hotel represents a brand repositioning strategy aimed at capturing both price-sensitive domestic demand and regional leisure travelers.
  • Radisson expands simultaneously across EMEA and APAC: Radisson announced that it has surpassed 210 signings and openings in 2025. The group is accelerating its expansion particularly in the Asia-Pacific region, combining a diversified brand mix with an asset-light and aggressive development strategy designed to enable owners to enter the brand network with relatively low initial investment.
Americas
  • Park Hotels & Resorts sells San Francisco assets: Park Hotels & Resorts has completed the sale of the Hilton San Francisco Union Square and Parc 55 for a combined USD 408 million. The price reflects an approximately 75% discount from 2016 valuations, underscoring the continued compression in the value of large-scale downtown San Francisco hotels.
  • Blackstone acquires Four Seasons San Francisco: Blackstone has purchased the 277-room Four Seasons San Francisco in downtown San Francisco for about USD 130 million. Although the price reflects ongoing discounting due to the city’s slow tourism recovery, the acquisition marks the first time in a decade that a major global private equity firm has re-entered the San Francisco hotel market.
Europe
  • Ardlui Hotel and Marina at Loch Lomond sold: The Ardlui Hotel Marina Holiday Park at Scotland’s Loch Lomond has been acquired by UK resort operator Harrison Holidays. The acquisition was financed through a GBP 7 million package from HSBC UK. The buyer plans extensive upgrades, including hotel and F&B renovations, expansion of lodges and glamping pods, and extension of the marina.
  • Scandic opens new hotel in Stuttgart, Germany: Scandinavian chain Scandic Hotels has opened the 174-room Scandic Stuttgart Europaviertel. With Germany identified as a core market for its 2030 growth strategy, Scandic aims to strengthen brand recognition and expand its development pipeline across the country in the long term.

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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.