Horwath HTL Sentiment Survey: Singapore Hotels and the impact of COVID-19
This sentiment survey was conducted by Horwath HTL Singapore, in conjunction with the SHA (Singapore Hotel Association) to gauge the initial impact of the COVID-19 pandemic.
Press Releases
Horwath HTL Sentiment Survey: Indonesia Hotels & Restaurants and the influence of COVID-19
This sentiment survey was conducted by Horwath HTL Indonesia, in conjunction with the PHRI (Indonesian Hotel & Restaurant Association) to gauge the initial impact of the COVID-19 pandemic. The survey was open from 6 - 13 March, received an unprecedented 676 responses, with the following key takeaways:
STR: Melbourne hotel performance dips during COVID-19 outbreak
STR's preliminary data for Melbourne, Australia, shows lower hotel performance levels in February 2020 and the first week of March. February preliminary data:
Horwath HTL Industry Report: Bali Hotel and Branded Residences
2019 was business as usual (aka difficult) for hotels in Bali. There were no airport closures, nor earthquakes but the market was rocked by a big fall in Chinese arrivals and a duopoly of national airlines charging exorbitant airfares forcing domestic tourists to vacation abroad. All the work done = flat occupancy, flat rates and flat RevPAR across the market in 2019. Hotels in Jimbaran/Uluwatu & Ubud faired best, recording strong RevPAR growth together with luxury hotels which maintained RevPAR YOY.
New Research From IHCL Reveals How Women Travelers Are One Of The Fastest Growing Segments For The Industry And For IHCL Hotels
Nearly a quarter of India's women professionals (23%) travel at least once a month for business, compared to just 7% who travel solely for leisure with the same frequency, according to new research from Indian Hotels Company (IHCL)1.
China Hotel Market Sentiment Survey: The Influence Of Coronavirus
Market sentiment in China has plummeted to a historically low score, with the degree of pessimism reflected across all regions in China. The China Hotel Market Sentiment Survey is designed to provide the China hotel industry with a quick assessment of the future market prediction. We have conducted the sentiment survey regarding the influence of the coronavirus outbreak in order to assess its impact on the market.
China hotel performance recovered quickly following SARS
Amid the current outbreak of coronavirus (COVID-19), STR analyzed historical data for China and found that the country's hotel performance recovered quickly following the containment of SARS in 2003. Recovery around the current outbreak situation of 2020 could follow a similar timeline. "Significant market, economic and social changes over the past two decades render a direct comparison of coronavirus to SARS rather complex when it comes to hotel performance," said Jesper Palmqvist, STR's Area Director for the Asia Pacific region.
STR: Preliminary January Data For Sydney Hotels
STR's preliminary January 2020 data for hotels in Sydney, Australia, indicates lower performance. Based on daily data from the month, Sydney reported the following in year-over-year comparisons:
Coronavirus: Preliminary hotel performance impact
Preliminary data and analysis from STR shows a hotel occupancy decline of 75% in Mainland China from 14-26 January 2020. Performance during the Chinese New Year holiday period was significantly worsened by the outbreak of novel coronavirus (2019-nCoV)."The Chinese New Year holiday week, extended by three days this year, normally sees a significant shift in travel patterns across the country with very specific hotel occupancy movements," said Jesper Palmqvist, STR's Area Director - Asia Pacific. "
Horwath HTL Industry Report: Bohol Resort Market
As tourism accounts for 90 percent of Bohol's industry, the critical question on the outlook of Bohol tourism is: “Amidst of rapid tourism growth, will Bohol be able to manage the dichotomy of sustainable tourism to maintain its positioning as a première ecotourism destination whilst being cautious of the environment degradation resulting from construction and tourist influx?”
Going Solo: More Indian Travelers Intend to Travel Alone, Inspired by Mindfulness, Nature and Sustainability
40% of travelers based in India intend to "go solo" when they travel, as compared to 25% of Asia Pacific travelers, reveals a recent study by Hilton Honors, the award-winning guest loyalty program of global travel and hospitality company Hilton.
Horwath HTL Industry Report: Spa Profitability Handbook
With the rise of wellness travel globally, spas are chartered for continuous future growth and marketability. In today's hospitality market environment, spas are no longer seen as a "nice-to-have" complementary facility but are established as a core element of the guest experience that not only drives demand but matures as an untapped source of profits.
How Thailand Is Looking To New Markets To Boost Tourism
In Thailand, long a popular destination in the tropics, there's a new group helping push the number of visitors higher than ever. Thailand welcomed a record 39 million visitors in 2019, up from 38 million the year before, according to the country's Tourism and Sports Ministry.
STR: Bushfire Impact On NSW Hotel Performance
Preliminary hotel performance data for December 2019 shows Sydney Drive Regional, a submarket within a two-hour-drive radius of Greater Sydney, has been greatly affected by continued bushfires in Australia, according to STR.
STR: Mainland China hotel markets forecasted for steady 2020
Key Mainland China hotel markets are projected to report performance growth in 2020 despite a challenging macroeconomic environment, according to the latest forecast from STR and Tourism Economics. "China's economy, and by extension its hospitality industry, remains strong even with concerns around the trade war with the U.S. and an overall global economic slowdown," said Christine Liu, STR's Regional Manager, North Asia. "A decline in Chinese departures to other countries, combined with significant government investment in infrastructure is driving domestic demand in key markets. However, the country's resiliency to difficult macroeconomic situations will be tested if the trade war continues to decelerate economic growth."At the market level, Beijing should continue on its growth trajectory with a forecasted increase of 3.7% in revenue per available room (RevPAR). Average daily rate (ADR) is expected to continue to grow (+1.8%) after a strong 2019 in the metric."Demand growth is key for Beijing as supply continues to increase at a healthy rate," Liu said. "The newly opened Beijing Daxing International Airport, projected to be one of the busiest in the world; and Beijing preparing for the 2022 Winter Olympics, highlight potential growth for the tourism and hospitality sector." After a challenging 2019, Chengdu is forecasted for ADR growth of 1.4%. The market is projected to report the country's second-largest supply growth rate (2.8%) with close to 18,000 rooms in the development pipeline. Demand will be helped by China's high-speed train system and subsequent meetings, incentives, conferences and exhibitions (MICE) business. As the international trading center and comprehensive transportation hub of China, Guangzhou is expected to show RevPAR growth of 3.4% with solid increases in both occupancy and ADR. Hangzhou, known for welcoming a mix of leisure and business travelers, is set to see its run of performance growth end in 2020 (RevPAR: -2.4%). Among key markets in Mainland China, Hangzhou should see the largest increases in supply (+4.1%) and demand (+4.7%).Following three years of occupancy declines caused by the impact of new supply, 2020 is expected to be Shanghai's year of recovery. RevPAR growth is expected to reach 2.5% as the market is likely to pick up displaced demand caused by continued protests in Hong Kong.
STR: Preliminary December Data For Melbourne Hotels
STR's preliminary December 2019 data for hotels in Melbourne, Australia, indicates higher performance led by demand.
STR: Preliminary November data for Sydney hotels
STR's preliminary November 2019 data for hotels in Sydney, Australia, indicates lower performance. Based on daily data from the month, Sydney reported the following in year-over-year comparisons:
STR: Australia Surpasses 300,000 Hotel Rooms
Openings in November pushed Australia's hotel inventory above 300,000 open rooms, according to data from STR. Australia ranks 12th in the world in total room count and fourth among countries in the Asia Pacific region.
Horwath HTL Industry Report: Suzhou, China
As a historical tourism city located in the central area of the Yangtze River Delta in Southern Jiangsu Province, Suzhou is renowned for its classical Chinese gardens and canals, recognized as the .Venice of the East'. Over the last few decades, Suzhou has been able to attract a solid foundation of foreign investments with its mature manufacturing industry.
STR: Preliminary September data for Sydney hotels
STR's preliminary September 2019 data for hotels in Sydney, Australia, indicates low occupancy. Based on daily data from the month, Sydney reported the following in year-over-year comparisons: