Markets & Performance Asia Pacific News - Hospitality Net

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March 24, 2023

Robust Phuket tourism numbers in Q4 last year and high winter season set the stage for recovery by year-end

Thailand’s leading resort island of Phuket’s post-pandemic tourism recovery has been headlined by a surge in Russian travelers in the high season. But the backstory is how a spike in regional visitors from India, Malaysia, and Singapore set the stage in Q4 of last year that pushed hotels and the service sector back into action. Data on hotel Phuket hotel performance in C9 Hotelworks' newly released Phuket Hotel Market Update 2023 shows how the industry escalated after Thailand lifted travel restrictions at the beginning of October 2022.

C9 Hotelworks Ltd.

Phuket, Thailand

March 15, 2023

Sydney WorldPride 2023 pushed hotel performance to pre-pandemic levels

Sydney WorldPride 2023 drove the market’s hotel average daily rate (ADR) and revenue per available room (RevPAR) above pre-pandemic levels, while occupancy remained slightly below 2019, according to preliminary data from STR.

Sydney, Australia

March 7, 2023

Investors circling Australian hotels after 2022 transactions hit $2.14 billion

Australian hotel sales hit $2.14 billion in 2022 - the second highest transaction volume on record - with significant additional equity capital still on the sidelines waiting for signs of a stabilisation in interest rates and inflation according to new CBRE research. CBRE’s latest Hotels Overview and Outlook report highlights that recovering occupancies and strong growth in Average Daily Rates (ADR) assisted in insulating the hotels sector from the effects of rising inflation.

February 28, 2023

Tokyo’s hotel room rates pacing ahead of pre-pandemic levels

The reopening of Japan’s international border several months ago, along with the National Travel Support campaign, have helped boost Tokyo’s hotel average daily rate (ADR) beyond pre-pandemic comparables for two straight months, according to STR.

February 22, 2023

Cautious optimism in India’s hotel performance recovery

India’s hotel industry turned in a stellar 2022 with revenue per available room (RevPAR) 100% recovered to pre-pandemic levels even with a devastating start to the year caused by a surge in the Omicron variant.

February 17, 2023

Beijing Set to Become World’s Largest Travel & Tourism City Destination Says WTTC

Research by the World Travel & Tourism Council (WTTC) has revealed that within the next decade, Beijing will overtake Paris to become the world’s largest Travel & Tourism city destination.

February 14, 2023

Bangkok hotels posted second-highest ADR on record in January

Bangkok’s hotel industry reported the second-highest monthly average daily rate (ADR) on record in the market, according to preliminary January 2023 data from STR.

Bangkok, Thailand

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February 13, 2023

China hotels benefit from first restriction-free Lunar New Year in three years, more success on the way for APAC

There was surprise around the globe when China announced the easing of most of its COVID restrictions in December 2022. That meant the end of a zero-COVID policy which had suppressed China hotel industry performance for almost three years.

February 13, 2023

Sun is still shining on Australia’s hotel industry

Australia’s hotel performance turned a massive corner during the first half of 2022 as the Omicron wave subsided and governments relaxed travel restrictions around the country. That freedom translated to consumer confidence, which boosted hotel occupancy for the remainder of the year and further stimulated average daily rate (ADR).

February 9, 2023

India Hotel Market Review 2022

The 2022 Annual India Hotel Market Review Report, is an analysis of the Indian Hotel market performance for 2022 prepared by Horwath HTL India which is based on data sourced from STR.

February 8, 2023

Heading Back to Indian Cities Say World Travel & Tourism Council

The World Travel & Tourism Council (WTTC) has today revealed positive signs of recovery for the Indian Travel & Tourism sector with travellers heading back to its major cities.

February 3, 2023

Centara Extends Hotel Management Agreement for Centara Chaan Talay Resort & Villas Trat

Centara Hotels & Resorts, Thailand’s leading hotel operator, has confirmed the signing of a new Hotel Management Agreement with Khun Kanoknat Adhyanasakul, the owners of Centara Chaan Talay Resort & Villas Trat, to continue managing this successful property for a period of 10 more years.

January 31, 2023

Tourists Heading Back to Australia Say World Travel & Tourism Council

The World Travel & Tourism Council (WTTC) has revealed positive signs of recovery for the Australian Travel & Tourism sector with major cities welcoming travellers once again.

Opinion Article

January 30, 2023

Indian Hotel Sector – 2022 Performance Review

The strong recovery in 2022 brought much relief to a sector devastated by COVID-19. The quick retraction of onerous COVID-19 policies, released the much pent-up demand in the market, making it the single biggest reason for a strong recovery. While occupancy remained slightly 5-7 percentage points (pp) lower than the full year 2019, in large part due to the much lower-than-expected Q1 2022, ARRs for 2022 recovered fully, crossing 2019 levels by almost 1-3%, in large part due to strong ARRs in Q4 2022. Similar to 2021, domestic travel was responsible for the strong recovery in demand. Buoyed by segments such as weddings and events, the hospitality sector continued its unabated growth in ARRs to recover in part the losses of the previous two years. Corporate travel recovered as well, contributing to the overall recovery of the sector.

By Dipti Mohan and Akash Datta

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January 11, 2023

STR: Melbourne hotels reached record-high room rates in December

Melbourne’s hotel industry recorded its highest monthly average daily rate (ADR) on record, according to preliminary December 2022 data from STR.

Melbourne, Australia

Opinion Article

January 9, 2023

Mumbai’s Hotel Market Revival

The hotel industry in Mumbai, India's financial hub, is, at last, experiencing a sustained recovery, fuelled primarily by a resurgence in corporate travel and large-ticket conferences and events. For instance, the city's occupancy surpassed 80% for the first time since the pandemic thanks to the IPL and some conferences that were held in the city in April and May 2022, and the city hasn’t looked back since.

By Mandeep Lamba and Dipti Mohan

Opinion Article

December 30, 2022

HVS Monday Musings: Indian Hospitality Sector – 2022 in Review

The year 2022 painted a mixed picture for the global hospitality sector. It was the year that travel finally made a comeback after a majority of countries lifted their travel restrictions and most people resumed their pre-pandemic way of life. As a result, travel demand increased significantly across the globe with people trying to make up for the lost time. However, inflation, the Russia-Ukraine war, and the “great resignation” negatively impacted the hospitality business in several countries. The Indian hospitality sector also witnessed similar trends during the year but was more resilient than its global counterparts.

By Mandeep Lamba and Dipti Mohan

December 19, 2022

Centara Extends Hotel Management Agreement with both Centara Pattaya Hotel and Centara Nova Hotel & Spa Pattaya

Centara Hotels & Resorts, Thailand’s leading hotel operator, has confirmed the signing of hotel management agreement extensions by Thirayuth Chirathivat, CEO of Centara Hotels & Resorts, Mr. Rony Fineman, owner of Centara Pattaya Hotel and Centara Nova Hotel & Spa Pattaya, and Mr. Lon Ballard, owner of Centara Pattaya Hotel, to continue managing these renowned properties in one of Thailand’s most popular tourist destinations for a period of five more years.

Pattaya, Thailand

December 16, 2022

STR: Adelaide hotel bookings jump for sport-heavy April

The recent announcement that Adelaide will host the Australian Football League’s (AFL) Gather Round and LIV Golf in April 2023 has resulted in a boost in the market’s hotel occupancy on the books, according to STR’s Forward STAR data.

Adelaide, Australia

Opinion Article

December 13, 2022

Mumbai’s Hotel Market Revival

The hotel industry in Mumbai, India's financial hub, is, at last, experiencing a sustained recovery, fuelled primarily by a resurgence in corporate travel and large-ticket conferences and events. For instance, the city's occupancy surpassed 80% for the first time since the pandemic thanks to the IPL and some conferences that were held in the city in April and May 2022, and the city hasn’t looked back since.

By Mandeep Lamba and Dipti Mohan