Markets & Performance Asia Pacific News

February 1, 2022

HVS Musings: Indian Hotel Sector – 2021 Performance Review

Following an abysmal performance in 2020, the Indian hotel sector found some much-needed hope in 2021, as it made steady headway on the road to recovery. The year began on a promising note with the commencement of the vaccination program, which, combined with a decrease in COVID cases, improved travel sentiment in the country. Domestic leisure travel drove the recovery throughout the year, with business travel also picking up as most businesses and organizations returned to a full or hybrid work-from-office model. Additionally, weddings and social events, as well as the resurgence of small-to-medium-sized domestic MICE events, helped to stimulate hotel demand in 2021.

By Mandeep Lamba and Dipti Mohan

India

Press Release

January 27, 2022

Beijing hotel performance expectations as Lunar New Year and Olympics intersect with the pandemic

Overlap between the Lunar New Year, 2022 Winter Olympic Games and the ongoing pandemic will create a conflicting mix of demand drivers for hoteliers in Beijing. With New Year celebrations typically driving travelers out of major metros, the Olympic Games pushing demand into the event center, and China’s zero-tolerance COVID-19 precautions overlaying both major events, February will be a month to remember for the Chinese capital.

CoStar

China

Opinion Article

January 17, 2022

HVS Monday Musings: Chandigarh – the Emerging Hospitality Hotspot in India

Chandigarh, also popularly known as the Tri-city region, is quickly becoming the new hospitality hotspot in India. Following the second wave, Chandigarh's hotel sector has recovered quicker than several other markets in the country, with occupancy rates rising from a low of around 15% in May 2021 – the peak of the second wave – to close to 70% by November 2021, comparable to pre-pandemic levels.

By Mandeep Lamba and Dipti Mohan

Chandigarh, India

Press Release

January 11, 2022

STR: Sydney hotel rates reached pandemic-era highs in December

Reflecting the beginning of summer and impact of the holiday season, Sydney’s hotel industry reported its highest room rates of the pandemic-era, according to preliminary December 2021 data from STR.

CoStar

Sydney, Australia

Opinion Article

December 27, 2021

The Indian Hotel Sector – 2021 in Review

The year 2021 has been nothing short of a roller coaster ride for the Indian hotel sector. All through the year, the sector has shown resilience by navigating through uncertainty, adapting to an ever-changing environment, and persevering through the ups and downs on the rocky path to recovery. The silver lining being that the leisure segment, which was ignored in the past, is now being awarded its due focus.

By Mandeep Lamba and Dipti Mohan

India

Press Release

December 22, 2021

Review of Shenzhen Hotel Data Information Seminar

On 25 November 2021, STR held the Shenzhen Hotel Data Information Seminar at Hilton Shenzhen Futian.

CoStar

Shenzhen, China

Press Release

December 21, 2021

China’s Travel & Tourism sector set to recover by more than 60% this year, reveals WTTC

New research from the World Travel & Tourism Council (WTTC) reveals the recovery of China’s Travel & Tourism sector has soared ahead of many major tourism markets such as France and the U.S., and ahead of the global recovery.

WTTC

China

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Hospitality Financial and Technology Professionals (HFTP)

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The next-gen metrics that move hotel P&L

Hotel tech has changed what's possible – and measurable. RevPAR and ADR aren't enough; discover the metrics that really matter.

Mews

Press Release

December 20, 2021

As lockdowns end, hotel bookings surge in Australia’s Gold Coast

Over recent months, Australia has experienced a number of lockdowns and travel restrictions which have resulted in record low levels of hotel demand. However, as the country enters the summer months and restrictions ease, positive trends are already developing for hoteliers. And while an uplift in demand can be observed across many of Australia’s key markets, it is the Gold Coast that is leading charge in forward bookings.

CoStar

Australia

Press Release

December 17, 2021

STR: Australia hotels show holiday demand lift

Lifted by the upcoming holiday season, occupancy on the books is rising in Australia’s key hotel markets with Brisbane and Adelaide nearing 70% for New Year’s Eve, according to STR’s Forward STAR.

CoStar

Australia

Press Release

December 14, 2021

STR: Melbourne hotel rates reached pandemic-era highs in November

Reflecting the end of lockdown and eased travel restrictions, Melbourne’s hotel industry reported its highest room rates of the pandemic-era, according to preliminary November 2021 data from STR.

CoStar

Melbourne, Australia

Opinion Article

November 29, 2021

HVS Monday Musings: Indian Hotel Sector – Regaining Ground Faster Than Expected

With the surge in travel demand, the Indian hotel sector has been regaining ground faster than expected, with occupancy climbing significantly in recent months, strengthening the sector's hope for a stronger rebound. Domestic leisure travel growth, significant pent-up demand, and the resumption of business travel in the country are all contributing to the strong revival. Weddings and social events are also driving demand in certain markets.

By Mandeep Lamba and Dipti Mohan

India

Press Release

November 26, 2021

JLL research examines the impact of the pandemic on key Indian Ocean hospitality market

The tourism sector is one of the key economic sectors of the Maldives, Mauritius, Seychelles, Sri Lanka and Zanzibar. Long favoured by holidaymakers from across the world for their crystal-clear waters and palm-tree fringed beaches, these Indian Ocean islands took a severe hit during the pandemic with borders closed in most of the countries.

JLL

Seychelles

Opinion Article

November 24, 2021

China outbound travel demand towards 2030

Rapid growth in Chinese outbound travel demand from 2003 onwards was a key driver for tourism and leisure hospitality in many parts of the world. Can this momentum be regained post-COVID to drive more hotel development?

By Daniel Voellm and Anchi Liu

China

Ad Guide

The next-gen metrics that move hotel P&L

Hotel tech has changed what's possible – and measurable. RevPAR and ADR aren't enough; discover the metrics that really matter.

Mews

Press Release

November 19, 2021

Light at the End of the Tunnel - SHTM researchers develop pioneering method of forecasting tourism demand in times of crisis

Tourism around the world is reeling from the impact of the COVID-19 pandemic, and Hong Kong’s once vibrant industry is no exception. The path to recovery is unclear. In such extreme circumstances, is it even possible for tourism businesses to plan for the future? The answer is yes, say Ms Hanyuan Zhang and Professor Haiyan Song of the School of Hotel and Tourism Management (SHTM) at The Hong Kong Polytechnic University – but only if we can predict the unpredictable.

Hong Kong PolyU

Hong Kong (SAR)

Press Release

November 8, 2021

Indian tourists to be highly sought-after, according to GlobalData

Indian tourists will be some of the most desirable travellers, given India’s growing economy, young population and rising middle class, according to GlobalData. The leading data and analytics company notes that the country is projected to reach record levels of 29 million outbound trips by 2025 – a buoyant outlook considering the strains of COVID-19.

GlobalData Plc

India

Opinion Article

November 8, 2021

HVS Monday Musings: Time to Recreate Goa Tourism Model at Other Beach destinations?

Goa’s tourism growth story is gradually getting back on track as it has become the go-to holiday destination for domestic tourists since the state reopened post the second wave. Due to the limits on overseas travel, several outbound Indians are also choosing to vacation in Goa. From resorts, hotels, and private villas to dorm rooms and beach huts, Goa has something for everyone. As a result, occupancy has been steadily improving month after month, with September 2021 occupancy approaching pre-pandemic levels for the month and average rates surpassing pre-pandemic levels. With the government taking steps to welcome foreign tourists back, Goa, which is known as one of India’s top beach and nightlife destinations, may soon see a surge in demand from international tourists, allowing it to recover faster than most leisure destinations.

By Mandeep Lamba and Dipti Mohan

India

Press Release

November 5, 2021

STR: Australia’s hotels regaining occupancy with restrictions eased

With lengthy lockdowns ending and travel restrictions easing, Australia’s hotel industry has seen recent improvement in hotel occupancy levels, according to preliminary data from STR through 31 October.

CoStar

Australia

Press Release

November 1, 2021

Australian hotels sales hit a five-year high after surging close to $2 billion

Australian hotels sales have surged to almost $2 billion this year – hitting a five-year high and up from just $681 million 2020 – despite a year of lockdowns and ongoing travel restrictions.

CBRE Hotels

Australia

Opinion Article

November 1, 2021

HVS Monday Musings: Indian Hotel Sector – Nine-month Performance Review

The first nine months of 2021 have been a mixed bag for the Indian hotel sector, which is currently on the path to recovery thanks to the growing domestic leisure travel. During the nine-month period ending September 2021 (9M2021), the sector witnessed a 3-5% increase in RevPAR across India compared to the same period in 2020. In 9M2021, nationwide occupancy was in the region of 41-44%, an increase of more than 9 percentage points over the previous year. While occupancy is rising because of the pent-up demand in the market, average rates are struggling as hotels try to shore up occupancy. Average rates declined by more than 19% in 9M2021 compared to the same period in the previous year. Growing demand for domestic leisure travel amidst international travel restrictions helped Goa record the highest RevPAR in the country during the period, while Chandigarh had the highest RevPAR growth.

By Mandeep Lamba and Dipti Mohan

India

Case Study

October 25, 2021

Case Study: HAMA AP, HotStats Review Phuket Sandbox Performance

The launch of the Phuket Sandbox on July 1, 2021, is an important step on the road to recovery from COVID-19 and a measure that many other destinations in the Asia-Pacific region could soon mimic.

HotStats

Phuket, Thailand