Markets &amp; Performance

November 26, 2021

JLL research examines the impact of the pandemic on key Indian Ocean hospitality market

The tourism sector is one of the key economic sectors of the Maldives, Mauritius, Seychelles, Sri Lanka and Zanzibar. Long favoured by holidaymakers from across the world for their crystal-clear waters and palm-tree fringed beaches, these Indian Ocean islands took a severe hit during the pandemic with borders closed in most of the countries.

JLL

Seychelles

November 24, 2021

China outbound travel demand towards 2030

Rapid growth in Chinese outbound travel demand from 2003 onwards was a key driver for tourism and leisure hospitality in many parts of the world. Can this momentum be regained post-COVID to drive more hotel development?

By Daniel Voellm and Anchi Liu

China

November 19, 2021

Light at the End of the Tunnel - SHTM researchers develop pioneering method of forecasting tourism demand in times of crisis

Tourism around the world is reeling from the impact of the COVID-19 pandemic, and Hong Kong’s once vibrant industry is no exception. The path to recovery is unclear. In such extreme circumstances, is it even possible for tourism businesses to plan for the future? The answer is yes, say Ms Hanyuan Zhang and Professor Haiyan Song of the School of Hotel and Tourism Management (SHTM) at The Hong Kong Polytechnic University – but only if we can predict the unpredictable.

Hong Kong PolyU

Hong Kong (SAR)

November 8, 2021

Indian tourists to be highly sought-after, according to GlobalData

Indian tourists will be some of the most desirable travellers, given India’s growing economy, young population and rising middle class, according to GlobalData. The leading data and analytics company notes that the country is projected to reach record levels of 29 million outbound trips by 2025 – a buoyant outlook considering the strains of COVID-19.

GlobalData Plc

November 8, 2021

HVS Monday Musings: Time to Recreate Goa Tourism Model at Other Beach destinations?

Goa’s tourism growth story is gradually getting back on track as it has become the go-to holiday destination for domestic tourists since the state reopened post the second wave. Due to the limits on overseas travel, several outbound Indians are also choosing to vacation in Goa. From resorts, hotels, and private villas to dorm rooms and beach huts, Goa has something for everyone. As a result, occupancy has been steadily improving month after month, with September 2021 occupancy approaching pre-pandemic levels for the month and average rates surpassing pre-pandemic levels. With the government taking steps to welcome foreign tourists back, Goa, which is known as one of India’s top beach and nightlife destinations, may soon see a surge in demand from international tourists, allowing it to recover faster than most leisure destinations.

By Mandeep Lamba and Dipti Mohan

November 5, 2021

STR: Australia’s hotels regaining occupancy with restrictions eased

With lengthy lockdowns ending and travel restrictions easing, Australia’s hotel industry has seen recent improvement in hotel occupancy levels, according to preliminary data from STR through 31 October.

Radical Innovation Hospitality TECHNOLOGY

Ad Tambourine One

All you need is one.

Some call it a website with a booking engine built in. Some call it a booking engine with a website built in. We call it One.

Tambourine

Ad Apply Now!

Radical Innovation is an initiative that challenges creative thinkers and visionaries in hospitality TECH to pioneer compelling innovations that fuel the future of the hospitality and travel industries.

Radical Innovation

November 1, 2021

Australian hotels sales hit a five-year high after surging close to $2 billion

Australian hotels sales have surged to almost $2 billion this year – hitting a five-year high and up from just $681 million 2020 – despite a year of lockdowns and ongoing travel restrictions.

CBRE Hotels

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

thehotelconversation.com.au

Case Study

October 25, 2021

Case Study: HAMA AP, HotStats Review Phuket Sandbox Performance

The launch of the Phuket Sandbox on July 1, 2021, is an important step on the road to recovery from COVID-19 and a measure that many other destinations in the Asia-Pacific region could soon mimic.

HotStats

Phuket, Thailand

External Article

October 22, 2021

Asia Pacific hotel investment to top $7 billion in 2021, growing to $9 billion in 2022 - JLL

Hotel investment volumes will likely cross US$7 billion for the full year 2021, a 15% year-on-year increase, as investors continue to look past the industry’s short-to-medium term headwinds brought on by COVID-19. According to JLL (NYSE: JLL) Hotels & Hospitality Group, healthy transaction volumes will continue into next year, with the industry expected to attract a minimum of US$9 billion in capital in 2022.

September 21, 2021

2020-21 Australian accommodation monitor shows performance divide between capitals and regional areas

Australian accommodation declines for the 2020-21 financial year were worse for capital markets than regional areas, according to STR’s collection of national accommodation statistics through the Australian Accommodation Monitor.

Radical Innovation Hospitality TECHNOLOGY

Ad Apply Now!

Radical Innovation

September 13, 2021

STR: Preliminary August data for Australia hotels

Amid increased COVID-19 cases and lockdowns across the country, Australia’s hotel industry reported lower performance levels, according to preliminary August 2021 data from STR.

August 31, 2021

India’s Different, Second Recovery

India’s progressive approach to vaccinations has led to an increase in travelers and hotel demand, especially in the leisure segment. Beyond the noticeable improvement, however, the country is showing a different trend in which markets are regaining occupancy.

August 26, 2021

WTTC warns Sri Lankan economy could suffer a shortfall of more than LKR8.2 billion every month it’s on the UK’s ‘red list’ for travel

Research conducted by the World Travel & Tourism Council (WTTC) has revealed Sri Lanka’s economy could face losses of more than LKR260 million each day it remains on the UK’s disruptive and damaging ‘red list’ for travel.

WTTC

Sri Lanka

August 20, 2021

A Quick Overview of China’s July Hotel Performance

With the help of summer vacation, Mainland China’s overall hotel occupancy rate showed a good upward trend in July, with the second and third week of the month reaching 2019 levels.

China

August 18, 2021

STR: Olympics lifted Tokyo hotel occupancy to 17-month high

As host to the delayed summer Olympics, Tokyo posted its highest hotel occupancy in 17 months and saw a pair of days with levels that approached the peak of the “Go To Travel” campaign in 2020, according to data and analysis from STR.

Tokyo, Japan

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

Maldives

External Article

August 13, 2021

China’s Hotel Recovery Evaporated in 2 Weeks

China, usually seen as the global leader in the hotel industry’s recovery from the pandemic, took a massive fall last week in its hospitality comeback due to the Delta variant. Prior industry optimism about the country’s ability to quickly rally after a setback doesn’t seem to apply this time around.

skift

China

August 13, 2021

STR: Preliminary July Data for Sydney Hotels

Reflecting the ongoing impact of the latest lockdowns, Sydney hotels showed significantly lower performance across the three key performance metrics, according to preliminary July 2021 data from STR.