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Opinion Article

July 5, 2021

HVS Monday Musings: Sri Lanka Tourism – The Post-war Growth Story

The island nation of Sri Lanka has emerged as one of the most sought-after tourist destinations in South Asia since the three-decade-long civil war in the country ended in 2009. The country, popularly known as the Pearl of the Indian Ocean due to its rich natural beauty and cultural heritage, offers tourists a plethora of experiences with multiple attractions ranging from pristine beaches, beautiful rainforests, tea plantations, wildlife parks, to historical sites, ancient ruins, temples and even casinos. The country’s tourism sector bounced back immediately after the war, becoming the key economic driver in post-war Sri Lanka.

By Mandeep Lamba and Dipti Mohan

July 2, 2021

STR: Australia’s latest lockdowns curtail hotel bookings

Amid recent COVID-19 outbreaks and lockdowns, key markets in Australia are showing noticeably lower levels of occupancy on the books for the coming weeks, according to data from STR’s Forward STAR.

June 30, 2021

Easing Restrictions To Spur Demand In Indian Cities In 2021, Says GlobalData

From mid-June 2021 Indian states started easing COVID-19 induced lockdown in a cautious way to get back to normal. As a result, six major metropolitan areas are forecasted to grow by 9.7% in real terms in 2021 and unemployment rate set to decline by 0.9 percentage points over the last year, says GlobalData, a leading data and analytics company.

June 23, 2021

Horwath HTL Market Report: Australian Hotel Market Recovery from Covid-19

Despite Australia’s relative success in controlling the spread of COVID-19, the Australian hotel industry was hit hard by the onset of the global pandemic. However, its success in controlling the virus, together with a strong and large domestic travel market, has allowed for a positive return to growth in 2021.

External Article

June 18, 2021

Pandemic Impact Severe On Mumbai's Hotel Industry

The second wave of the pandemic caused by the variant of the COVID-19 virus, which was first identified in the United Kingdom has been the most severe in India. As a result, travel and tourism have been halted across the country, and the impact on the hotel industry is immense, especially in major cities such as Mumbai.

June 14, 2021

STR: Preliminary May Data For Melbourne Hotels

Melbourne’s hotel industry reported lower performance levels compared with the month prior, according to preliminary May 2021 data from STR.

Melbourne, Australia

June 11, 2021

WTTC Research Reveals Travel & Tourism Sector’s Contribution To Japan’s GDP Dropped By $138 Billion In 2020

COVID-19 sparks a dramatic 37% fall in the sector’s contribution to GDPMore than 290,000 jobs lost, while many more remain protected by the expansion of the employment scheme However, the return of international travel this year could see GDP contribution rise sharply and jobs return

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Hospitality Financial and Technology Professionals (HFTP)

June 9, 2021

India Hotel Occupancy On A Continued Decline Amid Second COVID-19 Wave

After an improved start to 2021, India’s hotel occupancy has been on a rapid decline amid the second COVID-19 wave in the country, according to data from STR.

June 8, 2021

Horwath HTL Market Report: Bangkok & Phuket – Road to Recovery

The COVID-19 pandemic caught everyone by surprise. Many people are wondering when the Thailand hotel market will revive and how long it will take to return to normalcy.

June 3, 2021

WTTC Research Reveals Travel & Tourism Sector’s Contribution To The Philippine’s GDP Dropped By $37 Billion In 2020

COVID-19 sparks a dramatic 41.4% fall in the sector’s contribution to GDPMore than two million jobs lost in 2020 due to the effect of the pandemic on the sectorThe return of international travel this year could see GDP contribution rise by 48.5% and jobs recoveredReturn of international travel will provide a much-needed boost to its economy

June 1, 2021

Horwath HTL Market Report: China Hotel Market & Covid-19 Influence

In 2020, under the influence of COVID-19, Horwath HTL conducted a special Sentiment Survey on the Influence of the Novel Coronavirus Outbreak in February, June, September and December of 2020 and March of 2021.

June 1, 2021

WTTC Research Reveals Travel & Tourism Sector’s Contribution To South Korea’s GDP Dropped By $33.3 Billion In 2020

COVID-19 sparks a dramatic 45.5% collapse in the sector’s contribution to GDP84,000 jobs lost, while many more remain protected by the job retention schemeHowever, the return of international travel this year could see GDP contribution rise sharply and jobs returnWTTC recognises the government for its effectiveness in managing the crisis through the implementation of processes, policies, and protocols

Korea, Republic of

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Hospitality Financial and Technology Professionals (HFTP)

May 26, 2021

COVID-19 second wave hinders economic recovery of Indian cities, says GlobalData

Economic activities in major Indian cities have been severely affected with the second wave of COVID-19 pandemic, which led to full or partial lockdowns across the country. Against this backdrop, the combined real GDP growth of nine major Indian cities has been revised downward to 9.28% in May 2021 from the earlier projection of 9.61% in January 2021, reveals GlobalData, a leading data and analytics company.

May 26, 2021

Australia’s Domestic Sector Driving Travel Rebound; Gold Coast And Cairns Propelling Recovery

OTA Insight, the cloud-based data intelligence platform for the hospitality industry, has revealed that leisure travel is making a strong recovery in Australia, with the Gold Coast and Cairns among most popular destinations for Australians looking for a winter escape.

Opinion Article

May 19, 2021

HVS Musings: ‘Vaccine Confidence’ Is Driving The Recovery In The Global Travel Sector

Governments across the globe are continuing their race to vaccinate citizens amidst rising concerns about new variants and soaring cases in some parts of the world. Globally, over 1.3 billion doses have been given so far and 4.2% of the global population is fully vaccinated, as per the Our World in Data website.[1] While some countries such as Israel, Seychelles, Maldives, UAE, the US, and the UK are way ahead in the race, others are slowly catching up.

By Mandeep Lamba and Dipti Mohan

May 12, 2021

STR: Preliminary April Data For Sydney Hotels

Sydney's hotel industry reported its highest occupancy and revenue per available room (RevPAR) in 14 months, according to preliminary April 2021 data from STR.

May 12, 2021

Queensland Number One For Tourism Recovery

New statistics from Accor, the largest hotel operator in the Pacific, are showing that Queensland has recorded the fastest and most sustained rate of tourism recovery over the past year compared to all other States in Australia.

Opinion Article

May 10, 2021

HVS Monday Musings: Vacation Home Rentals – The Next Big Story In The Making In India

Traveler preferences have evolved drastically since the onset of the pandemic. Social distancing, hygiene, cleanliness, safety, and privacy are the main priorities for travelers post the pandemic. An increasing number of people now consider smaller, independent, and private spaces to be 'safe havens' for travel. These evolving preferences have been driving the growth of vacation home rentals in India during the last year.

By Mandeep Lamba and Dipti Mohan

April 21, 2021

Japan’s Recovery From COVID-19 And What Lies Beyond

In January 2021, the Nikkei-225 Stock Average reached a peak not seen in 30 years, despite the third wave of COVID-19 cases. However, the real economy remains sluggish. As such, JLL Japan Research released the monthly Recovery Index – a comprehensive indicator to visualise how the socio-economic situation, which was hit hard during the pandemic, is recovering. The index shows that the momentum of the recovery are largely depending upon government measures.

April 20, 2021

2021 Chinese New Year Impact

One of the largest global celebrations each year is, undoubtably, Chinese New Year. Although the celebration this year (11-17 February 2021) felt different for the country, there was a noticeable impact around hotel performance.