Markets & Performance Asia Pacific News

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

India

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, Thailand

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

China

Press Release

August 12, 2020

STR: Preliminary July Data For Sydney Hotels

Sydney showed slightly higher hotel performance in July 2020 but the same significant level of year-over-year declines, according to preliminary data from STR.

CoStar

Sydney, Australia

Press Release

August 7, 2020

Electronic quarantine tags another necessary evil that will discourage travel plans, says GlobalData

The electronic quarantine tag recently introduced in Singapore has the potential to rattle the number of international departures from the country, which reached 16.8 million in 2019, as it is yet another aspect that will elevate consumer angst and postpone recovery for neighboring Asian destinations, according to GlobalData, a leading data and analytics company.

GlobalData Plc

Singapore

Opinion Article

July 30, 2020

The Impact of COVID-19 on the South Korea Hotel Industry

HVS has conducted a survey about the COVID-10 pandemic and its unprecedented impact on the South Korea hotel market. The survey is divided in two sections, how the properties in South Korea is reacting in response to drop of overall demands throughout contingency plans and viewpoint of how experts in the hotel operations are recognizing sign of recovery of pandemic as well as their outlook of the market in the future.

By Han Sol Park and Daniel Voellm

Korea, Republic of

Opinion Article

July 16, 2020

HVS Market Pulse: Luang Prabang, Laos

Luang Prabang is located in north central Laos on a peninsula bounded by the Mekong River to the north and the Khan River to the east. Listed as a UNESCO World Heritage Site. Since 1995, Luang Prabang attracts tourists from international and regional markets through a combination of preserved cultural experiences and natural beauty within the province. The following article gives a brief overview of Luang Prabang, its tourism industry and recent dynamics of the local lodging market.

By Daniel Voellm and Eunice Wong

Luang Prabang, Laos

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Why Hospitality Net Leads B2B in Hospitality

Learn what makes us the industry-leader in what we do.

Hospitality Net

Opinion Article

July 15, 2020

HVS COVID-19 Hotel Sentiment Survey Drive-In Destinations Thailand

The survey discusses COVID-19 pandemic and its unprecedented impact on the Drive-In Hotel Markets. On a property level, the survey focuses on hoteliers' point of view on reopening strategies, domestic demand profile, and market outlook. The survey discusses COVID-19 pandemic and its unprecedented impact on the Drive-In Hotel Markets. On a property level, the survey focuses on hoteliers' point of view on reopening strategies, domestic demand profile, and market outlook. The survey was distributed to participants on 11 June 2020. The data collection period was available through 8 July 2020.

By Pawinee Chaisiriroj, Ruj Masan, and Apichaya Wongsuwan

Thailand

Press Release

July 13, 2020

STR: Preliminary June data for Melbourne hotels

Melbourne showed slightly higher hotel performance in June 2020 but the same significant level of year-over-year declines, according to preliminary data from STR.Comparison with June 2019:

CoStar

Melbourne, Australia

Press Release

July 3, 2020

What Does the Future Look Like for Australia Hotels?

As markets slowly begin to reopen and leisure demand picks up, specifically on weekends, it is important to look towards business-on-the-books data to see how these markets will perform in the coming weeks and months.

CoStar

Australia

Press Release

June 15, 2020

STR: China weekly hotel performance update

Each week, STR analysts provide a deep-dive into China hotel performance. The most recent video is linked below, available in both English and Chinese.Key highlights:

CoStar

China

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Hospitality Net

External Article

June 15, 2020

China’s travel recovery gains steam: How families are planning their summer vacations

While the global travel sector continues to withstand the negative impact of the COVID-19 pandemic, some markets have started to show signs of recovery. In China, where the virus first broke out, domestic airline passenger levels have grown steadily, and now sit at 50 percent of precrisis levels. Hotel occupancy rates have also improved since the depths of the crisis, and are now back to 60 percent of last year's levels. Domestic travel is now positioned to accelerate as summer approaches, with segments that drive demand during this period, such as families, reporting an increased desire to travel in the near term. In this article we explore some key trends in travel, and how these have changed from the early stages of COVID-19 recovery, in April.

McKinsey & Company

China

Press Release

June 11, 2020

STR: Preliminary May data for Sydney hotels

Reflecting the ongoing impact of the COVID-19 pandemic, Sydney showed continued lower hotel performance in May 2020, according to preliminary data from STR.Comparison with May 2019:

CoStar

Sydney, Australia

Press Release

June 5, 2020

STR: China weekly hotel performance update

Each week, STR analysts provide a deep-dive into China hotel performance. The most recent video is linked below, available in both English and Chinese.Key highlights:

CoStar

China

Press Release

June 1, 2020

STR: China weekly hotel performance update

Each week, STR analysts provide a deep-dive into China hotel performance. The most recent video is linked below, available in both English and Chinese.Key highlights:

CoStar

China

Press Release

May 25, 2020

STR: China weekly hotel performance update

Each week, STR analysts provide a deep-dive into China hotel performance. The most recent video is linked below, available in both English and Chinese.Key highlights:

CoStar

China

Press Release

May 22, 2020

Horwath HTL Sentiment Survey: New Zealand Hotel Industry and the impact of COVID-19

Business confidence among New Zealand's hard-hit hotel sector is much bleaker than business confidence in general, according to a new survey. The New Zealand Hotel Market Sentiment Survey was undertaken by Horwath HTL and Tourism Industry Aotearoa to examine how the COVID-19 pandemic is affecting hoteliers’ outlook for the New Zealand hotel market in general and their hotel in particular.

Horwath HTL

New Zealand

Press Release

May 22, 2020

Horwath HTL Sentiment Survey: Australian Hotel Industry and the impact of COVID-19 (Second Version)

The Second Australian Hotel Sentiment Survey reports the ongoing status of the accommodation sector, and seeks to highlight those factors underpinning current operational challenges. We have again gauged what outlook operators hold for performance levels into the immediate future, and probed what operational challenges and likely solutions that owners and operators of accommodations properties face.

Horwath HTL

Australia

Press Release

May 22, 2020

Horwath HTL Sentiment Survey: Thailand Hotel Industry and the impact of COVID-19

Thailand was one of the first Asian countries to be hit with a COVID-19 case, and transmission has since spread to surpass the two-thousand range. The hotel industry has been severely affected and many hotels are closed temporarily for at least a month. It is estimated that international arrivals into Thailand could fall by 10 million by the end of the year. Horwath HTL has collated sentiment responses from 83 hotels and resorts across Thailand. The report highlights influence of the COVID-19 outbreak on hotel market performance, cost-control measures undertaken and what forms of support are most needed.

Horwath HTL

Thailand

External Article

May 15, 2020

'Unprecedented' times to explore hotel opportunities in Hong Kong - Colliers International

The introduction of international travel restrictions and the closing of the border with Mainland China has forced Hong Kong hoteliers and investors to consider whether to buy, sell or hold, a new report from Colliers International says.

Colliers

Hong Kong, Hong Kong (SAR)