Five transactions in Asia-Pacific this week, according to the latest HVS Asia Pacific Hospitality Newsletter. The headliner: a $500 million joint venture between Shinsegae and OKO to develop hotels under the Aman and Janu brands.
Two asset swaps by JHR in Japan plus hotel sales in Okinawa and Auckland round out the list. These moves show capital still has strong appetite for hospitality in the region. For the travel tech ecosystem, more new hotels means more potential clients for PMSPMSThe property management system is a hotel's core software. It handles reservations, check-in and check-out, room assignment, billing and the status of every stay. It is the operational heart that most other tools plug..., booking enginesBooking engineA booking engine is the tool that lets guests book directly on the hotel's own website. It shows availability, prices and takes the payment with no middleman. It is the key piece for winning direct bookings and saving..., and revenue tools.
My take: every hotel transaction opens a door for technology to get in. Keep an eye on these developments to see which solutions the new projects adopt.
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The brief hoteliers who buy technology read every morning.