Your copy of The Wellness Real Estate Report 2023.
A week in Berlin, wellness in branded residences and the joys of good tap water.
Last week I was in Berlin attending a couple of events that ran alongside IHIF, the leading annual conference and exhibition for the global hospitality industry.
The highlight of the week was undoubtedly the inaugural Branded Residences Dinner, hosted by Riyan Itani of Global Branded Residences (new website!) and Chris Graham of Graham Associates. The event was hosted at Grace Restaurant (and the speakeasy bar, and the winter garden…) at Hotel Zoo, a former 1889 townhome that was more recently extensively renovated and that gives off major 1920’s Berlin vibes.
The well attended event assembled a who’s who of the branded residences sector, including industry leaders (and great conversationalists!) from Mandarin Oriental, Six Senses, Marriott International, Hilton Hotels & Resorts, Kerzner International, Rosewood, Corinthia Hotels, and more.
Also at the event was Roger Allen, CEO of RLA Global. RLA Global is the go-to advisor for investors, owners and managers of hospitality, leisure, recreation, wellbeing and health tourism assets and developments, globally.
Roger and the RLA team launched the 4th edition of their annual Wellness Real Estate Report at the IHIF conference, and Roger has also kindly shared a copy with us here.
The Wellness Real Estate Report 2023
The Wellness Real Estate Report is a valuable tool to assess the impacts of wellness offerings on hotel performance. The Report evaluates average hotel performance based on data from P&L benchmarking firm HotStats, covering about 2,600 major, minor and no-wellness hotels of all classes worldwide. Processing property-level KPI results, such as ADR, occupancy rates, TRevPAR, GOPPAR and GOP, the report presents how wellness contributes to hotel revenue flows and operating costs, and what effects it has on margins and overall profits.
In short; it’s a must-read for anyone in the sector.
Here are some of the headlines:
RLA Global’s Wellness Real Estate Report 2023 finds robust revenue growth at hotels with wellness offerings worldwide.
Data shows revenues at wellness hotels rose sharply in 2022 as demand rebounded despite economic and geopolitical difficulties.
Hotels with major wellness offerings outperformed those properties with minor wellness offerings in revenue and occupancy, but they recorded lower GOP-to-revenue ratios.
See pages 14-15 for insights from aforementioned dinner host and branded residences extraordinaire, Riyan Itani, on how wellness is impacting branded residence projects around the world.
Thank you again Roger for sharing your insightful report, and to Riyan and Chris for a fantastic Berlin get-together!
On hospitality, I’d also like to give a shout-out to three venues that really stood out for excellence, in being and doing the thing that they do. They are:
Chateau Royal - a hotel, art gallery, restaurant, bar and meeting place. Stunning art, beautiful design, charming staff, great food and drink, total vibe, what else? New fave.
Freundschaft - An excellent wine bar first and foremost, but when you manage to also balance the food, music, ambience, acoustics, seating layout and design to perfection, is it still just a wine bar? Serious question - do we need a new category? Outstanding.
Lokal - An institution of enduring popularity for good reason. Anywhere that thinks up a flavour bomb of cevapcici with white and green asparagus, hollandaise, potato crisps and mustard seeds all topped with an oyster, wins my vote. Unpretentious food, wine, team in a beautiful space you simply don’t want to leave.
The Berlin water authority - I’m not kidding. Berlin tap water is so good! Bottled water, be gone.
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