{"id":22844,"date":"2025-08-11T08:30:30","date_gmt":"2025-08-10T23:30:30","guid":{"rendered":"https:\/\/lobin.co\/?post_type=article&#038;p=22844"},"modified":"2025-08-09T11:59:55","modified_gmt":"2025-08-09T02:59:55","slug":"lobin-weekly-update-004","status":"publish","type":"article","link":"https:\/\/lobin.co\/en\/insight\/article\/lobin-weekly-update-004\/","title":{"rendered":"Lodging Market Weekly Update 004"},"content":{"rendered":"<style>li {margin-bottom: 10px;}<\/style>\n<p>2025\/07\/27 &#8211; 2025\/08\/10<\/p>\n<h6>Korea<\/h6>\n<ul>\n<li><a href=\"https:\/\/www.thebell.co.kr\/free\/content\/ArticleView.asp?key=202508010224236430101475&amp;lcode=00\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Westin COEX<\/strong><\/a>: Parnas Hotel will reopen the Westin COEX, which had been closed for renovations. The year-long vacancy of the COEX Hotel reduced Parnas Hotel\u2019s cash flow by 22%, but the reopening is expected to drive performance recovery through higher occupancy rates. <\/li>\n<\/ul>\n<h6>APAC<\/h6>\n<ul>\n<li><a href=\"https:\/\/www.hotelnewsresource.com\/article137557.html\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Citadines Central Shinjuku<\/strong><\/a>: Singapore\u2019s 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. <\/li>\n<li><a href=\"https:\/\/www.hospitalitynet.org\/announcement\/41013046\/avani-singapore.html\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Avani Singapore<\/strong><\/a>: 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.  <\/li>\n<\/ul>\n<h6>Americas<\/h6>\n<ul>\n<li><a href=\"https:\/\/www.hospitalitynet.org\/news\/4128466.html\" target=\"_blank\" rel=\"nofollow noopener\"><strong>U.S. Hotel Market Outlook<\/strong><\/a>: 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. <\/li>\n<li><a href=\"https:\/\/www.hotelinvestmenttoday.com\/Deals\/Mergers-and-Acquistions\/3-point-3-billion-in-US-2Q25-hotel-deals\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Q2 2025 U.S. Hotel Transactions<\/strong><\/a>: 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. <\/li>\n<\/ul>\n<h6>Europe<\/h6>\n<ul>\n<li><a href=\"https:\/\/www.hospitalitynet.org\/news\/4128395.html\" target=\"_blank\" rel=\"nofollow noopener\"><strong>European Hotel Market Trends<\/strong><\/a>: 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.  <\/li>\n<li><a href=\"https:\/\/www.hotelnewsresource.com\/article137556.html\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Pullman Paris Montparnasse<\/strong><\/a>: 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. <\/li>\n<\/ul>\n\t\t<div data-elementor-type=\"section\" data-elementor-id=\"22788\" class=\"elementor elementor-22788 elementor-22771\" data-elementor-post-type=\"elementor_library\">\n\t\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-685e57f e-con-full e-flex e-con e-parent\" data-id=\"685e57f\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-8b60e79 elementor-widget elementor-widget-wpforms\" data-id=\"8b60e79\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"wpforms.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"wpforms-container wpforms-render-modern\" id=\"wpforms-22767\"><form id=\"wpforms-form-22767\" class=\"wpforms-validate wpforms-form wpforms-ajax-form\" data-formid=\"22767\" method=\"post\" enctype=\"multipart\/form-data\" action=\"\/en\/wp-json\/wp\/v2\/article\/22844\" data-token=\"8f4a3e80d2a577a2f8422a6e328e6cc4\" data-token-time=\"1781911278\"><noscript class=\"wpforms-error-noscript\">Please enable JavaScript in your browser to complete this form.<\/noscript><div id=\"wpforms-error-noscript\" style=\"display: none;\">Please enable JavaScript in your browser to complete this form.<\/div><div class=\"wpforms-field-container\"><div id=\"wpforms-22767-field_1-container\" class=\"wpforms-field wpforms-field-content\" data-field-id=\"1\"><div id=\"wpforms-22767-field_1\" class=\"wpforms-field-large wpforms-field-row\" aria-errormessage=\"wpforms-22767-field_1-error\"><h4>Sign Up for the Lodging Market Weekly Update!<\/h4>\n<p>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.<\/p>\n<div class=\"wpforms-field-content-display-frontend-clear\"><\/div><\/div><\/div>\t\t<div id=\"wpforms-22767-field_5-container\"\n\t\t\tclass=\"wpforms-field wpforms-field-text\"\n\t\t\tdata-field-type=\"text\"\n\t\t\tdata-field-id=\"5\"\n\t\t\t>\n\t\t\t<label class=\"wpforms-field-label\" for=\"wpforms-22767-field_5\" >Layout Name Email<\/label>\n\t\t\t<input type=\"text\" id=\"wpforms-22767-field_5\" class=\"wpforms-field-medium\" name=\"wpforms[fields][5]\" >\n\t\t<\/div>\n\t\t<div id=\"wpforms-22767-field_2-container\" class=\"wpforms-field wpforms-field-layout\" data-field-id=\"2\"><div class=\"wpforms-field-layout-rows wpforms-field-large\"><div class=\"wpforms-layout-row\"><div class=\"wpforms-layout-column wpforms-layout-column-50\"><div id=\"wpforms-22767-field_3-container\" class=\"wpforms-field wpforms-field-email\" data-field-id=\"3\"><label class=\"wpforms-field-label wpforms-label-hide\" for=\"wpforms-22767-field_3\" aria-hidden=\"false\">Email <span class=\"wpforms-required-label\" aria-hidden=\"true\">*<\/span><\/label><input type=\"email\" id=\"wpforms-22767-field_3\" class=\"wpforms-field-medium wpforms-field-required\" name=\"wpforms[fields][3]\" placeholder=\"example@example.com\" spellcheck=\"false\" aria-errormessage=\"wpforms-22767-field_3-error\" required><\/div><\/div><div class=\"wpforms-layout-column wpforms-layout-column-50\"><div id=\"wpforms-22767-field_4-container\" class=\"wpforms-field wpforms-field-name\" data-field-id=\"4\"><label class=\"wpforms-field-label wpforms-label-hide\" for=\"wpforms-22767-field_4\" aria-hidden=\"false\">Name <span class=\"wpforms-required-label\" aria-hidden=\"true\">*<\/span><\/label><input type=\"text\" id=\"wpforms-22767-field_4\" class=\"wpforms-field-medium wpforms-field-required\" name=\"wpforms[fields][4]\" placeholder=\"John Doe\" aria-errormessage=\"wpforms-22767-field_4-error\" required><\/div><\/div><\/div><\/div><\/div><script>\n\t\t\t\t( function() {\n\t\t\t\t\tconst style = document.createElement( 'style' );\n\t\t\t\t\tstyle.appendChild( document.createTextNode( '#wpforms-22767-field_5-container { position: absolute !important; 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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\u2019s cash flow by 22%, but the reopening is expected to drive performance recovery through higher occupancy rates. APAC Citadines Central Shinjuku: Singapore\u2019s CapitaLand Ascott Trust will [&hellip;]<\/p>\n","protected":false},"featured_media":22813,"comment_status":"open","ping_status":"closed","template":"","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}}},"tags":[127,88,128],"class_list":["post-22844","article","type-article","status-publish","has-post-thumbnail","hentry","tag-global-en","tag-lodging-market-en","tag-newsletter-en"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.8 - aioseo.com -->\n\t<meta name=\"description\" content=\"2025\/07\/27 - 2025\/08\/10 Korea Westin COEX: Parnas Hotel will reopen the Westin COEX, which had been closed for renovations. 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