Market Trends

🏨 By 2030, Adagio, a joint venture between Pierre & Vacances - Center Parcs and Accor, plans to expand to 180 aparthotels in 25 countries, up from the current 16. This includes 20,000 flats across three ranges, aiming for €700 million in network sales. Adagio is focused on sustainable development, including a 75% property renovation rate and reducing its carbon footprint. The strategic plan aims to enhance customer experience, train dedicated teams, and strengthen partnerships.

🏠 Opera Contemporary, a luxury furniture brand, furnished the sleeping area of Hilltop House, a private villa in Metro Manila, Philippines, curated by Moda Interni and Casa Licup. The master bedroom features a Dorothy bed with a green bouclé fabric headboard, 350 cm wide, and accommodates a 200x200 cm mattress. Additional pieces include the Fritz bench, Sophie armchair, and a Ø120-cm New Brian coffee table with Arabescato Vagli marble. Opera Contemporary highlighted bespoke Italian craftsmanship.

📺 May 13, 2025, Ben Wolff, co-founder of Onera and CEO of Oasi, discusses the evolving expectations of travelers on the Hospitality Daily Podcast. He highlights how providing immersive and participatory experiences can create deeper emotional connections and memorable guest experiences. The episode urges businesses to adopt these strategies to benefit both their operations and customers. For more insights, check out Ben's LinkedIn post and other episodes.

🏢 Commercial real estate lending in Dallas, Texas, grew by 13% in Q1 2025 from Q4 2024, and 90% year-over-year, with the CBRE Lending Momentum Index surpassing 300 for the first time since Q1 2023. Average loan spreads decreased by 29 bps from the previous year to 183 bps, multifamily loan spreads hit a low of 149 bps since Q1 2022. Banks, capturing a 34% share of non-agency loan closings, were the leading lenders, followed by CMBS conduits at 26% and life companies at 21%. Year-to-date private-label CMBS issuance increased by 132% from last year. Alternative lenders saw a 17% decline in origination activity. Average underwritten cap rates rose to 6.1%, debt yields to 10.3%, and LTV decreased to 62.2%. Government agency multifamily lending reached $22 billion, a 15% annual increase.

🏨 Vision Hospitality Group announced the topping out of Tempo by Hilton Nashville/Midtown, a 161-room hotel slated to open at the end of 2025. Located near Vanderbilt University and other landmarks in Nashville's Midtown, this 12-story lifestyle hotel will feature amenities like Moonsong Café, a 1,000-square-foot fitness center, and over 1,000 square feet of meeting space. BCA Architects and 1213ID designed the hotel, with financing from Commerce Bank.

📖 May 12, 2025 - Ben Wolff, co-founder of Onera and CEO of Oasi, discusses his view of hotel development as an artistic endeavor rather than just a business venture. The episode encourages listeners to harness creativity to benefit their business and team. For further inspiration, the music for the show is crafted by Clay Bassford from Bespoke Sound, a company specializing in music identity design for hospitality brands.

🎂 Easter 2025 in France: Paris, Nice, and Marseille lead with highest hotel occupancy. Paris tops RevPAR with €181.8, followed by Nice (€131.1) and Marseille (€74.6). Eastern Mediterranean zone RevPAR stands at €109.3, while the Channel coast hits €90.9. Other cities like Strasbourg (€72.3) and Lyon (€71.4) also show strong performance. Lyon leads in RevPAR growth at +12.2%, with Nice (+10.2%) and Paris (+9.3%) following. Paris sees the highest occupancy increase (+7.1 points) post-Olympic and Paralympic Games dip.