jll hotels
JLL: Hotel Investment Outlook 2021
JLL | March 1, 2021
This report shares anticipated investor trends accelerated since the onset of the pandemic Uncertainty and cautiousness plagued hotel investor interest in 2020 due to the COVID-19 pandemic, however, the global lodging industry is eager to move forward. According to JLL Hotels & Hospitality’s annual Hotel Investment Outlook, the industry’s resilience has shaped new experiences and demand from consumers. It has also introduced a wave of trends that have been accelerated as hotel leaders quickly shifted operations and strategy to navigate through one of the most transformational and economically challenging times in modern h...
Hospitality M&A Focus to Shift to Smaller, Niche Platforms in 2019
March 25, 2019
After a bumper 2018, more hotel mergers and acquisitions are expected this year. But don't expect a further slew of mega transactions. The focus instead is shifting towards more private deals with smaller platforms. The top brands only account for around a third of hotel rooms around the world, making more acquisitions in 2019 likely, says Tony Ryan, Managing Director of Global Mergers & Acquisitions in JLL's Hotels & Hospitality Group. "Most of the larger platform deals have already been done, so the big operators are now seeking out unique concepts and locations to complement existing product offerings – particularly as ...
Transformational Real Estate Development Across New York Has a Major Influence on Lodging
JLL | June 28, 2018
Optimistic outlook for further growth in 2018 and 2019 NEW YORK, June 28, 2018 – New York is a hot spot of major transformational real estate development that is rapidly changing the city's landscape and lodging environment, according to JLL's 2018 New York Hotel Market Report. Hudson Yards, situated in the Midtown West submarket, currently represents the largest private real estate development in the history of the United States and the largest development in New York since the Rockefeller Center. The Manhattan West District and Moynihan Station developments will also grace the Midtown West submarket and are targeted for deliver...
Meet the Robot Receptionists: A Sign of Things to Come
JLL Real Views | October 24, 2016
A good receptionist often has certain characteristics – a helpful manner, a friendly disposition and good organizational skills. But do they need to be human? Perhaps not anymore. Walk into JLL's Carrington Street office in Sydney and you will be greeted by new receptionist JiLL, who can assist in a delivery, report a fault and contact your hosts. So far so good. However, JiLL,is actually a robot – and could well be Australia's first fully automated front office face. Chris Hunt, Managing Director, Integrated Facilities Management, Australasia, says that there are capabilities for JiLL to do much more than the basic tasks pr...
Serviced Apartments: The Rising Star of the Hospitality Sector?
JLL | July 12, 2016
According to research from JLL, serviced apartments are soon set to become an established asset class as demand for the sector grows due to the rise of the 'bleisure' market. Since 2008 investment volumes in the UK have grown from £7.3 million to £325 million in 2015. JLL predicts that transaction volumes will grow as a result of the attractive yields compared to other asset classes. Over the next three years there are around 3,500 serviced apartments planned in the active pipeline, three times more than 3-star hotels. While London is seeing the majority of this (around 40%) regional hubs such as Manchester and Edinb...
The Hotel Industry – From the Humble Inn to a Multi-Billion Dollar Business
JLL's Hotels & Hospitality Group | April 6, 2016
The hotel sector tells an exciting story; from the advent of air travel to robotic receptionists, we reflect on two centuries in four minutes. Check out our infographic: ...
Can Mobile Apps Make for Happy Hotel Guests?
JLL Real Views | April 1, 2016
By Suchi Rudra Their business and leisure trips are no exception – especially as the hotel industry increases the quantity and quality of its mobile offerings to improve the guest experience. Most major hotel chains now offer a mobile app that takes care of room bookings, check-in, room service and check-out—in fact, hotels are projecting that as many as half of their reservations will soon be made through their mobile app. Lauro Ferroni, JLL's head of hotel research, says that there's an incredibly high adoption rate of the mobile app in the industry, and it's being used for a variety of services to improve accessibility a...
