STR: Preliminary April data for Melbourne hotels
STR's preliminary April 2019 data for hotels in Melbourne indicates lower performance. Based on daily data from the month, Melbourne reported the following in year-over-year comparisons:
Press Releases
Horwath HTL Industry Report: Bali Hotels & Branded Residences
Despite travel warnings most notably in China, Mount Agung's continued explosive activities and Lombok's earthquakes, Bali weathered the storm in 2018 although with slower growth after two years of double-digit growth in international arrivals.Within the next 5 years, Bali is expected to add approximately 7,000 rooms, with about 80% of the rooms being 3 and 4-star, in line with the greater mass-market dynamic.The hotel residence market remains flattened. With over 4,000 hotel branded residence units on the market for sale, developers have been pushed to offer a higher owner's revenue share and the choice of high guaranteed return.
Horwath HTL Industry Report: Maldives Market Overview
Tourist arrivals to the Maldives grew at a CAAG rate of 8.1% from 2008 to 2018. By end of 2018, total arrivals exceeded 1.4 million. As the highest rate-yielding market in Asia, developers are all vying for a share of the pie. In 2019, the Maldives is expected to witness 17 new resort openings, adding over 2,100 keys to the resort market. Is there room for more resorts in the Maldives?
Are Boutique Hotels Becoming Mainstream?
Lifestyle branded hotels are becoming more mainstream and increasingly accounting for a larger share of the hotel universe, with several big hotel operators launching or purchasing their own boutique hotel brands over the past five years.
Horwath HTL Industry Report: Hua Hin Top-Tier Hotels
Hua Hin's top-tier hotel market is slowly coming out of stagnancy. Past years were disrupted by a sequence of negative incidents from a military coup, a zero-dollar tour crackdown and the passing of the late King on the back of several hotel openings. The market performance recovery in the foreseeable future will be supported by improved business and tourism sentiment, coupled with moderate supply pipeline. However, uncertainty looms over a long-term vision of the Thai Riviera and potential resurgence of new hotel developments and alternative accommodation.
STR: Preliminary March Data For Sydney Hotels
STR's preliminary March 2019 data for hotels in Sydney indicates lower performance. Based on daily data from March, Sydney reported the following in year-over-year comparisons:
Horwath HTL Industry Report: Melbourne, Australia
Over the last 10 years the Melbourne hotel market has recorded solid performance levels with occupancy consistently in the 80s and with ADR recording moderate increases year-on-year. The market has a reputation of having been able to overcome supply growth in the past through its strong year-round events calendar and it is with this in mind the industry is confident that the current burst of hotel supply additions will be able to be successfully absorbed without causing any major stress to the market.
HVS Anarock India Hospitality Industry Review 2018
After a long hiatus Indiawide ADRs in 2018 grew at 6.25%, resulting in a RevPAR growth of 9.6%. We anticipate RevPARs in 2019 to grow by 9.5% on the back of growth primarily in ADR.
The Ultimate Indian Travel & Hospitality Report 2019
The Indian hospitality industry is at an important juncture. The industry upcycle, increased inbound and domestic travel, introduction and use of new technology, favourable government initiatives, more evolved owners, a larger number of domestic and international operators, new-age hotel chains, and overall, a more forward-looking approach of various industry stakeholders together make the present times very exciting.
STR: Positive Outlook For Hanoi Hotel Industry
Rapid growth in international tourist arrivals to Vietnam has contributed to a positive short- to mid-term outlook for the Hanoi hotel industry, according to data and analysis from STR.
STR: Unfavorable Outlook For Kuala Lumpur Hotel Industry
Early 2019 performance levels and profitability fundamentals produce an unfavorable short- to mid-term outlook for Kuala Lumpur’s hotel industry, according to data and analysis from STR.
Horwath HTL Industry Report: Singapore Hotel Market Review March 2019
Singapore's tourism industry performed significantly better in 2018, with visitor arrivals exceeding earlier forecasts and its hotels reversing a persistent downward trend. Visitor arrivals hit a record 18.5 million, driving occupancy levels (86 percent) that helped raise RevPAR to SGD189. As the market enters a period of compression and supply growth remains slow, how will the market respond to the changed dynamics? Benjamin Oh from Horwath HTL Singapore provides the lowdown.
STR: Preliminary February Data For Melbourne Hotels
STR's preliminary February 2019 data for hotels in Melbourne indicates a significant occupancy level. Based on daily data from February, Melbourne reported the following in year-over-year comparisons:
Centara On Track To Realising Five-Year Strategic Vision After Securing 10 Hotels In 2018
Bangkok, Thailand - Centara Hotels & Resorts, Thailand's leading hotel operator, has revealed that it is on track to achieve its strategic vision, which includes the goal of doubling its global hotel portfolio by 2022.
India Hotel Survey Reveals Key Findings Regarding Performance Opportunities, Profitability
India's hotels are heavily dependent on food and beverage (F&B) as a revenue generator, and have a significant opportunity to boost foreign and leisure demand, according to findings from the 21st edition of the Federation of Hotel & Restaurant Associations of India (FHRAI) Survey report.
Gold Coast Shines As Australia’s Top Hotel Market For 2018
Brisbane - The Gold Coast continues to ride a wave of growth following the 2018 Commonwealth Games, with the coastal city emerging as Australia's best performing hotel market over the past 12 months.
Horwath HTL Industry Report: India Hotel Market Review 2018
The India Hotel Market Review 2018 is a collaboration between Horwath HTL and STR. In this report, we examine Occupancy, Average Daily Rate and Revenue Per Available Room for several key markets. We have concentrated upon all-India numbers and 13 key markets, which carry 67% of total chain-owned/managed/affiliated inventory.
STR: Preliminary January Data For Sydney Hotels
STR's preliminary January 2019 data for hotels in Sydney indicates lower occupancy and room rates influenced by supply growth. Based on daily data from January, Sydney reported the following in year-over-year comparisons:
PolyU Study Finds Backpackers Make a Difference
Targeting the backpacker segment may be an effective means of diversifying Hong Kong's tourism market and promoting sustainable tourism, according to Dr Wantanee Suntikul, Dr Denis Tolkach, Dr Elizabeth Agyeiwaah (Ph.D. graduate) and Mr Ching-Nok Lung (BSc graduate) of the School of Hotel and Tourism Management (SHTM) at The Hong Kong Polytechnic University. In a recently published article, the researchers revealed that, according to survey results, "backpackers are pushed by the search for new ideas and pulled by the unique food culture of Hong Kong". Destination marketers in the city should also be aware that backpackers are more likely to support the local economy than other types of tourists, many of whom visit because of its reputation as an international shopping destination.
Vietnam Hospitality Market: 2018 Overview and 2019 Outlook
2018 has been an excellent year for Vietnam Real Estate market with positive signs coming from all sectors, among which hospitality stands out as one of the main sectors drawing enormous attention from international and local developers and investors. The market has exhibited many projects that are being planned, developed, and opened with the presence of new brands and products. Demand also experienced a remarkable growth of 21% in international tourist arrivals (within 11 months of 2018 compared to the same period in 2017), which is slightly lower than that of last year but still considered impressive when compared to other destinations in the region. In addition to its strong growth in the last two years, Vietnam has grown tremendously within the last decade as the average growth rate of international arrivals to Vietnam amounted to three times the global CAGR (Compound Annual Growth Rate) and two times the Asia Pacific CAGR.