Markets & Performance Asia Pacific Opinion Articles - Hospitality Net

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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

Opinion Article

August 16, 2021

In Focus: Maldives

The Republic of Maldives is located in the Indian Ocean, southwest of Sri Lanka and India. The country comprises 1,192 coral islands, which are divided into 26 major island rings, known as atolls. For administrative purposes, these 26 atolls are organised into nineteen administrative districts across an area of 90,000 square kilometres in the Indian Ocean.

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

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

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

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

Opinion Article

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

Opinion Article

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

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Hospitality Financial and Technology Professionals (HFTP)

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.

By Dipti Mohan and Akash Datta

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.

By Dipti Mohan and Akash Datta

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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Hospitality Financial and Technology Professionals (HFTP)

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

Opinion Article

May 11, 2020

HVS COVID-19 Sentiment Survey: The Impact on the Bangkok Hotel Industry

The survey discusses COVID-19 pandemic and its unprecedented impact on the Bangkok hotel market. On a property level, the survey focuses on hoteliers' point of view on contingency measures, business strategies, signs of recovery, and comparison between pre- and post-COVID-19. The survey was distributed to participants on 15 April 2020 and the data collection period was available through 30 April 2020.

By Pawinee Chaisiriroj, Apichaya Wongsuwan, and Daniel Voellm

Bangkok, Thailand

Opinion Article

April 3, 2020

In Focus: Singapore, Revitalising and Repurposing Hotels

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 5.8 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 Jens Busch

Opinion Article

April 3, 2020

COVID-19: Impact on the Indian Hotels Sector

The world is still coming to terms with the COVID-19 outbreak and there is no doubt that the pandemic will change the world as we know it. With the globalized world going into partial or complete shutdown, the overall impact on human life, economic growth and businesses is immeasurable, both in the short term and long term due to the uncertainty as things evolve.

By Mandeep Lamba, Dipti Mohan, and Akash Datta

Opinion Article

March 30, 2020

COVID-19 and the Chinese Hotel Sector

From the 2020 Chinese Spring Festival, Covid-19 spread in China. Hubei Province was the first and worst-hit area. Successively, the contagious virus reached cities and towns all over the country within a few days. The Chinese government quickly responded to the outbreak, initiated various measures and policies to help people pull through.

By Caroline Zhang, Chang Xu, and Rachel Cui

Opinion Article

March 20, 2020

COVID-19 & Its Impact On The Indian Hotel Industry

As COVID-19 continues to unfold, industries, sectors and organizations everywhere are making feverish attempts to find ways and means to handle the challenges that stare us all in the face. While it is evident that no single enterprise can remain immune to the bleeding, some industries have the unfortunate disadvantage of being bruised in the jugular. The hospitality sector is entirely dependent on travel, trade and tourism for its sustenance.

By Achin Khanna, Managing Partner, Hotelivate Private Limited

Opinion Article

March 20, 2020

HVS Market Pulse: Phuket, Thailand

Following the market's prosperity in the past few years, hotels across all segment have started to witness hindering economic growth, resulting in a softer performance in 2019. The unexpected outbreak of COVIC-19 has swept away the majority of the demand in the market. As the number of travel advisory continues to heighten, concerns over air traffic and tourism spending are increasing among the public as people are reluctant to travel. The following article gives a brief overview of Phuket, its tourism industry, and the recent dynamics of the local lodging market.

By Pawinee Chaisiriroj, Ruj Masan, and Apichaya Wongsuwan

Phuket, Thailand

Opinion Article

February 26, 2020

HVS Market Pulse: Bangkok, Thailand

The strengthening of the Thai Baht and the ongoing US-China trade war have resulted in a decline in average rate growth and generally softer demand level in 2019. Furthermore, the extensive hotel supply growth in Bangkok has been the dominant topic for discussion in the market. Supply will be growing continuously with approximately 15,000 hotel rooms in the pipeline with a five-year horizon. While a multitude of factors will impact the market performance in 2020, including the recent Coronavirus outbreak (COVID-19), it is evident that the 4,000 new hotel rooms scheduled set to open this year will put Bangkok's hotel market under pressure.

By Pawinee Chaisiriroj, Ruj Masan, and Daniel Voellm

Bangkok, Thailand

Opinion Article

January 15, 2020

HVS Ease of Doing Business in Indian Hospitality Sector

India has witnessed rapid economic growth in the past few years with a GDP growth averaging over 7.5% for the period 2014-2018 facilitated by a host of economic and policy reforms by the Government of India (GoI).Transformative reforms such as the RERA (Real Estate Regulation and Development Act), Insolvency & Bankruptcy Code, and Arbitration and Conciliation (Amendment) Act are game changing initiatives that will go a long way towards enhancing transparency and investor confidence. The government also unified the country into a single market with the introduction of the Goods and Services Tax (GST), a much-needed tax reform, thereby, easing the flow of goods and services across states.

By Mandeep Lamba, Dipti Mohan, and Akash Datta