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Asia PacificMarkets & PerformancePage 18
Logo 'HVS International'
Opinion Article
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.

Dipti MohanAkash Datta
By Dipti Mohan and Akash Datta
India
Horwath HTL
Press Release
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.

Horwath HTL
Horwath HTL
New Zealand
Str bis
Press Release
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.

CoStar Favicon
CoStar
Sydney, Australia
The Indian Hotels Company Limited (IHCL)
Press Release
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.

The Indian Hotels Company Limited (IHCL)
IHCL
India
GlobalData
Press Release
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
GlobalData Plc
Japan
Horwath HTL
Press Release
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.

Horwath HTL
Horwath HTL
India
Logo 'HVS International'
Opinion Article
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.

Dipti MohanAkash Datta
By Dipti Mohan and Akash Datta
India
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Lighthouse
Str bis
Press Release
January 12, 2021

STR: Preliminary December Data For Melbourne Hotels

Melbourne's hotel industry reported its highest performance levels since early in the pandemic, according to preliminary December 2020 data from STR.

CoStar Favicon
CoStar
Melbourne, Australia
Str bis
Press Release
December 15, 2020

STR: Preliminary November Data For Sydney Hotels

Sydney's hotel industry reported mostly flat performance compared with the previous month, according to preliminary November 2020 data from STR.

CoStar Favicon
CoStar
Sydney, Australia
Horwath HTL
Press Release
November 27, 2020

Horwath HTL Sentiment Survey: Australian Hotel Market And The Impact Of COVID-19 (Third Version)

In the five months since the Second Australian Hotel Sentiment Survey in mid-May 2020, the COVID-19 pandemic has continued to severely impact on the hospitality industry across the globe and at home.

Horwath HTL
Horwath HTL
Australia
Str bis
Press Release
November 13, 2020

STR: Preliminary October data for Melbourne hotels

Reflecting the impact of a second lockdown, Melbourne showed continued lower hotel performance in October 2020, according to preliminary data from STR.Year-over-year declines remained significant. Comparison with October 2019:

CoStar Favicon
CoStar
Melbourne, Australia
C9 Hotelworks Ltd.
Press Release
November 10, 2020

Phuket’s Tourism High-Season Hopes Shattered in Policy Flip-flop

Thailand's leading resort island Phuket has come face-to-face with the reality that it is tourism high-season will not see a marked reopening to overseas travelers. In the wake of the dismantling of the 'Phuket Model' and refocus by the government on using Bangkok as a single international gateway, there is increasing alarm over the lack of a path forward for the island's rice bowl-tourism. The key tourism indicator for the island is airlift and Phuket International Airport is the gateway for 70-80% of visitors to the destination. According to Airports of Thailand (AOT) data, 121,530 passengers arrived in the month of September. This equates to just over 4,000 arrivals a day and a portion of these include local residents and business people. Comparing year-on-year data, 2019's daily arrivals which included international travelers was five times higher. Commenting on the toxic situation, hospitality consulting group C9 Hotelworks Managing Director Bill Barnett says "there is a dramatic change in the market mix where the current domestic-led average length of stay for hotels is approximately 1.8 days, while for foreign travelers it's more than double this amount. What this means for hotels is severely reduced overall demand across the island's entire accommodation sector." Looking forward to the high season when the numbers spike upwards in the four months of December through March, the high season months last year equated to more than one-third of annual demand. Total domestic and international arrivals at the airport totaled just over 9 million in 2019. Adding in high season shoulder months into the equation, the stark economic impact of Phuket's economic seasonality is reflected in the fact that well over half of the island's tourism arrivals are packed into a six-month period. Now, nearly two months into that timeframe, what is apparent is it's virtually impossible to save the high season and hotel owners in 2021 will be forced to contend with historically the lowest trading months of the year by May. Given these grim prospects, C9 is predicting large-scale job losses and business closures given there is no light at the end of the pandemic-induced tunnel. "Taking a 360-degree view on the restricted domestic-only demand, you have to take into account that Phuket's current registered accommodation supply has continued to surge to its present size of 90,267 rooms in 1,773 hotels/tourism establishments" adds Barnett. "Of this supply upper midscale, upscale, and luxury properties of international standards are approximately 25% of the total rooms."Data from leading data intelligence provider STR daily has Phuket occupancy averaging 10% with upward spikes on weekends at international standard hotels. Looking into the number though, the reality is domestic travelers are cashing in on cheap deals at upscale and luxury hotels. Given limited visitor arrivals the far larger mid and economy tiers where most of the hotel inventory sits, are experiencing even lower occupancy. This domino effect is expected to prevail unabated throughout a sustained downturn and effectively crushes the smaller properties and local tourism businesses.

C9 Hotelworks Ltd
C9 Hotelworks Ltd.
Phuket, Thailand
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The Indian Hotels Company Limited (IHCL)
Press Release
November 5, 2020

IHCL Reports Second 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 second quarter ending September 30th, 2020.

The Indian Hotels Company Limited (IHCL)
IHCL
India
Str bis
Press Release
October 27, 2020

Japan Regional Markets: Recovery Leaders

As entry restrictions for international travelers in Japan remain in place, new trends in hotel performance have emerged. Recent data suggests a distinct preference for regional destinations, helped in part by the Japanese government's "Go to Travel" campaign to promote domestic travel and help boost local businesses. But while regional markets are leading the recovery in the country, levels remain well below pre-pandemic levels with full recovery not expected for years.

CoStar Favicon
CoStar
Japan
Str bis
Press Release
October 14, 2020

STR: Australia’s regional areas to outperform capital cities over next three months

STR's Forward STAR data shows that Australia's short-term hotel performance will remain similar to recent months with regional areas outperforming capital cities.Parallel to other countries across the world, higher occupancy in regional areas is especially pronounced on weekends, and occupancy-on-the-books data for the next 90 days (as of 5 October) shows a similar pattern. Data for Saturday, 17 October, for example, shows Regional Australia's occupancy on the books at 46%, while the capital cities show 26% in the metric. November and December data follows suit, with Regional Australia data sitting between 14-32% and capital cities between 8-17%. Post-Christmas is where the trend begins to shift slightly, with more Australians set to head out of town for their summer vacations.

CoStar Favicon
CoStar
Australia
Str bis
Press Release
October 1, 2020

A Deep Dive Into Japan’s Road To Recovery

While many nations have lifted COVID-19-related limits on travelers, entry restrictions for international travelers in Japan remain in place. However, the Japanese government has launched a "Go to Travel" campaign to promote domestic travel and help boost local businesses. But while hotel occupancy has improved thanks to this government campaign, levels remain well below pre-pandemic levels with full recovery not expected for years.

CoStar Favicon
CoStar
Japan
Hong Kong Polytechnic University
Press Release
September 17, 2020

Lessons from Disaster: COVID-19 and Chinese Hotels

Few industries have suffered more from the COVID-19 than hospitality and tourism, and China's hotel sector has many lessons to learn. In a thought-provoking exploratory study published recently, Dr Fei Hao, Dr Qu Xiao and Dean Kaye Chon of the School of Hotel and Tourism Management (SHTM) at The Hong Kong Polytechnic University cast light on the fundamental impact of COVID-19 on the sector, and propose strategies for Chinese hotel firms to overcome their current difficulties and emerge ever stronger. First and hardest hit by the devastating impact of COVID-19, Chinese hotels now have the chance to lead the global sector out of crisis and into a bright new future.

School of Hotel and Tourism Management Shtm at the Hong Kong Polytechnic University
Hong Kong PolyU
China
Horwath HTL
Press Release
September 15, 2020

Horwath HTL Market Report: India Hotel Market Review: H1 2020

2019 had been one of the strongest performing years for the Indian hotel market in the past decade, uplifting hopes for even better performance in 2020. However, 2020 has been the toughest year in living memory and unfortunately looks to carry on the negative trend for the rest of the year due to the global pandemic. A significant part of the first half of the year was impacted by COVID-19, especially after a complete country wide lockdown was implemented effective 24 March 2020.

Horwath HTL
Horwath HTL
India
Phuket Hotels Association
Press Release
September 8, 2020

Phuket Hotels Fight For Their Lives As Massive Economic Fallout Expected From Failure Of Domestic Tourism To Support The Industry

Phuket's hotel industry is reaching breaking point and drastic economic support from the government is needed for it to survive the high season, urge industry leaders. In the wake of the controversial "Phuket Model" international travel reopening scheme, reality is biting back as hotels in Thailand's leading resort island are unable to sustain operating viability based on domestic tourism.According to the Airports of Thailand (AOT), passenger arrivals at the aviation gateway have plunged 65% year-on-year from January through July of this year. What is clear is that the 86,000 rooms in Phuket's registered accommodation establishments cannot realistically break-even or even be cash-flow positive with only domestic demand. This realistically could set the scene for 50,000 job losses in the hotel sector this year if there's no support forth coming or international visitors are not allowed in. One of the green shoots is the Alternative Local State Quarantine (ALSQ) program, with over 60 island properties applying.

Phuket Hotels Association
Phuket Hotels Association
Phuket, Thailand
Oakwood logo
Press Release
August 17, 2020

Oakwood® and Country Garden Commercial and Culture Tourism Group Announce Strategic Alliance to Launch Oakwood Beluxs in China

Oakwood®, a wholly owned subsidiary of Mapletree Investments ("Mapletree"), together with Country Garden Commercial and Culture Tourism Group, announced the strategic alliance to co-develop new branded product Oakwood Beluxs at the 2020 Asia Hotel and Travel Forum held in Shanghai, China on August 13. Country Garden Commercial and Culture Tourism Group's cutting-edge business intelligence and its commitment to urban civilization, backed by Oakwood's renowned expertise in the management of serviced apartments, will set a strong foundation for the target opening of 100 Oakwood Beluxs properties in China's 50 cities with the highest gross domestic product (GDP) by 2030.

Oakwood logo
Oakwood
China
Page 18 of 20
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