News

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.

JLL

Japan

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.

China

April 16, 2021

In Focus: Singapore

The Republic of Singapore is a metropolitan city-state and island country in Southeast Asia with a total land area of an estimated 714.3 square kilometres. It is situated at the southern tip of the Malayan Peninsula, between Malaysia and Indonesia. With an economy supported by its growing population of approximately 5.7 million people, Singapore has witnessed remarkable record of sustained economic growth throughout the years and bolsters its role as a global commerce, finance and transportation hub.

By Hok Yean Chee, Chariss Kok Xin, and Peggy Lee

Singapore

April 16, 2021

Mumbai’s Rapid Hotel Recovery Faces Headwinds

Mumbai's rapid hotel performance recovery is projected to return to more moderate levels, according to a recent market forecast from STR and Tourism Economics.

Mumbai, India

April 15, 2021

STR: Preliminary March Data For Beijing Hotels

Beijing's hotel industry reported its highest room rates in 15 months, according to preliminary March 2021 data from STR.

Beijing, China

April 13, 2021

Horwath HTL Market Report: Hangzhou, China: Hotel Market Overview

Hangzhou, the capital and the most populous city of Zhejiang, has been traditionally known as a tourism city for popular sights including West Lake and Lingyin Temple.

The next-gen metrics that move hotel P&L

Hangzhou, China

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April 8, 2021

Majority Of India Hotel Markets Remain In Recession Territory

India hotels achieved a 50% occupancy level in February, which was the first time the country eclipsed that monthly mark since the start of the pandemic.

April 2, 2021

Bali Trailing Other Indonesian Markets In Hotel Performance Recovery

Indonesia finished 2020 in similar shape as its regional peers. Domestic demand was strong enough to lift hotel occupancy from pandemic low points but not sufficient to overcome the void in international travel. As Indonesia moves through the early part of 2021, the impact from lost international demand is most obvious in Bali, which continues to trail the country's regional markets in the recovery process.

Bali, Indonesia

March 29, 2021

HVS Monday Musings: Homestays In India Are Gaining Popularity In The Post-COVID Era

The popularity of homestays has increased manifold in the post-COVID era when social distancing, cleanliness, hygiene, and privacy have become the top priorities for travelers.

By Mandeep Lamba and Dipti Mohan

March 18, 2021

Horwath HTL Market Report: Bali Hotels & Hotel Residences

One year after the pandemic decimated global tourism, Horwath HTL Indonesia and C9 Hotelworks, take a quick look at full year 2020 hotel market performance and demand trends in Bali.Bali hotels have struggled to keep afloat, domestic tourism has provided a lifeline but hotel performance hit rock bottom. Not surprisingly much of the expected new supply is also in limbo. In residences, a new trend has appeared in luxury property sales.

Bali, Indonesia

March 11, 2021

STR: Preliminary February Data For Melbourne Hotels

Amid tightened restrictions, Melbourne's hotel industry reported lower performance levels compared with previous months, according to preliminary February 2021 data from STR.Year-over-year declines remained significant in comparison with February 2020:

Melbourne, Australia

March 2, 2021

STR: China hotels show slight Lunar New Year lift

Mainland China's hotel industry performance showed improvement from last year's pandemic-affected Lunar New Year period, but still fell well short in comparison with 2019 levels, according to preliminary data from STR.

Ernest - Lighthouse's AI for hoteliers

China

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Lighthouse

March 1, 2021

HVS Monday Musings: Brand Conversions – an Untapped Opportunity in Indian Hotels Sector

Hotel rebranding or conversion has been a growing trend in the Indian hotels sector. As a result, over the past five years more than 230 hotels in the country have been converted either from a standalone property to a brand or migrated from one brand to another. However, the rate of conversions has not increased much during this period. Brand conversions still constitute only 20-25% of the total signings in the country.

By Dipti Mohan and Akash Datta

February 18, 2021

Horwath HTL Market Report: New Zealand: Hotel Market Snapshot

New Zealand's response to the COVID-19 pandemic has been widely praised both locally and internationally.

New Zealand

February 12, 2021

STR: Preliminary January data for Sydney hotels

Sydney's hotel industry reported lower performance levels compared with the previous month, according to preliminary January 2021 data from STR.

Sydney, Australia

February 11, 2021

IHCL Reports Third Quarter FY 2020-21 Results

The Indian Hotels Company Limited (IHCL), South Asia's largest hospitality company, reported its Consolidated and Standalone financials for the third quarter ending December 31st, 2020.

IHCL

February 11, 2021

Japan cities to be deprived of economic gains from Tokyo Olympics amid COVID-19 resurgence, says GlobalData

The resurgence of COVID-19 cases across Japan in winter season and the delay in mass inoculation process are likely to reduce the gains expected for the local economies during Tokyo Olympics, thereby delay the economic recovery of Japanese cities in 2021, according to GlobalData, a leading data and analytics company.

GlobalData Plc

Japan

February 5, 2021

Horwath HTL Market Report: India Hotel Market Review 2020

Jointly prepared by Horwath HTL India and STR, the annual report analyses hotel sector performance in an exceptionally challenging year marred by a global pandemic. It's a tale of massive occupancy drops, ADR and RevPAR declines.

January 25, 2021

HVS Monday Musings: Indian Hotels Sector – Performance in 2020

Hit hard by the repercussions of the COVID-19 pandemic, the Indian hotels sector witnessed one of its lowest performances ever in 2020, in line with the estimates in our 'India Hotels Outlook' report published in August 2020.

By Dipti Mohan and Akash Datta