Capsule hotels in Japan were once the domain of salarymen looking for a cheap, fuss-free spot to crash after a late night. But a new crop of guests has helped spur their resurgence, with growing numbers of novel and upmarket versions opening in the last year.
When analyzing the performance of the extended-stay hotel segment, we see a difference in the performance of the upper-priced properties in this segment versus the moderate-priced properties. Since 2010, moderate-priced extended-stay hotels have shown greater gains in revenues and profits. However, upper-priced extended-stay hotels continue to achieve premiums in occupancy, ADR, revenues, and profits.
HVS Design and Jonathan Nehmer + Associates (JN+A) are proud to announce the completion of the 2018 Hotel Cost Estimating Guide. The Guide is a comprehensive listing of capital expenditure construction and FF&E costs for hotel renovations in the USA.
The Asia Pacific room construction total represented a 33.9% increase compared with July 2017.