Markets & Performance Asia Pacific Press Releases - Hospitality Net

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May 1, 2018

Medical Tourism: India and Malaysia Lead the Market with Use of Cryptocurrency

The medical tourism market has grown exponentially in recent years due to affordability and accessibility of healthcare services along with the support from tourist department and government. In addition, the countries such as India, Brazil, Malaysia, and Thailand provide the latest medical technologies to the patients, which boosted the medical tourism market. In its recent report on Global Medical Tourism Market, Allied Market Research has estimated that the market was valued at $61,172 million in 2016, and is expected to grow at a CAGR of 15.0% from 2017 to 2023. Moreover, India has become the key market player in the medical tourism market.

Allied Market Research

April 30, 2018

STR: Gold Coast hotels record triple-digit growth during Commonwealth Games

Hotels in Australia's Gold Coast experienced a substantial performance uplift as host market for the 2018 Commonwealth Games, according to data from STR.The Gold Coast's hotel performance was largely driven by high rate premiums during the event (4-15 April). Average daily rate (ADR) came in at AUD347.38, which was a 76.7% increase over the same 12-day period in 2017. The market's growth in revenue per available room (RevPAR) exceeded 100% most nights during the event, with the peak level occurring the night of the opening ceremony on 4 April (RevPAR: +205.4% to AUD294.26). The spike in ADR and RevPAR occurred despite the fact that Gold Coast hotels did not register at-capacity occupancy levels. The market experienced its highest occupancy level (92.8%) on the night of the closing ceremony, and the average level during the event (86.6%) fell short of the average in Glasgow (95.7%). However, with different market sizes, the Gold Coast sold 99,466 more room nights. "While it's encouraging to see that Queensland hotels capitalized on the Commonwealth Games, the lasting legacy could have an even greater impact on the market's future," said Matthew Burke, STR's Pacific manager. "As Southeast Queensland continues exploring the prospect of bidding to host the 2032 Olympics, the results of this year's Commonwealth Games will likely play a big role in the ultimate decision."

April 27, 2018

Horwath HTL Market Report China Hotels Deals Signing

In the past few years, China has become a popular country for hotel investment. Hotel deals signed by international hotel management companies (HMCs) keep growing, especially midscale hotel deals. HMCs have adjusted their strategic layout and started to pay attention to the midscale hotel market. Meanwhile, more investors have started to focus on ROI instead of just chasing trophy assets that don't make money. In order to gain a better understanding of this latest trend, the team at Horwath HTL China Beijing, analyzes the data of midscale and above hotel brand deals, signed by international HMCs, to provide a comprehensive interpretation for investors and operators.

April 20, 2018

STR: Asia Pacific hotel performance for Q1 2018

Hotels in the Asia Pacific region registered growth across the three key performance metrics during Q1 2018, according to data from STR.U.S. dollar constant currency, Q1 2018 vs. Q1 2017Asia Pacific

Hong Kong (SAR)

April 11, 2018

Indonesia’s project pipeline in good health [Infographic]

The Asia Pacific market looks set to get a boost in Indonesia over the next few years. Indonesia has a wealth of new projects in the pipeline and everything from big brands to boutique and apart hotels look set to land in this premium destination in the near future. We check out what's in store.

TOPHOTELPROJECTS

April 10, 2018

STR: Preliminary March data for Hong Kong hotels

STR's preliminary March 2018 data for hotels in Hong Kong indicates strong performance results. Based on daily data from March, Hong Kong reported the following in year-over-year comparisons:

Hong Kong, Hong Kong (SAR)

April 9, 2018

Horwath HTL Market Report: Wuhan, China - Upper-Tier Hotel Market

Gary Shao, from Horwath HTL, Shanghai, has produced the latest market report from China. Wuhan is the provincial capital of Hubei and the largest economy in central China. Given the city's rapid expansion powered by several major developments, the Wuhan hotel market is experiencing severe competition, coupled with a large number of new hotel additions expected to open in the near future.

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Hospitality Net

The next-gen metrics that move hotel P&L

Hotel tech has changed what's possible – and measurable. RevPAR and ADR aren't enough; discover the metrics that really matter.

April 9, 2018

STR: Preliminary March data for Sydney hotels

STR's preliminary March 2018 data for hotels in Sydney, Australia, indicates performance consistent with significant growth in both supply and demand. Based on daily data from March, Sydney reported the following in year-over-year comparisons:

Sydney, Australia

March 23, 2018

STR: Asia Pacific hotel performance for February 2018

Hotels in the Asia Pacific region reported lower occupancy but significant rate growth during February 2018, according to data from STR.U.S. dollar constant currency, February 2018 vs. February 2017Asia Pacific

Korea, Republic of

March 22, 2018

STR: Melbourne hotel business expected to speed up over Grand Prix weekend

After posting a 42.2% premium in average daily rate (ADR) during the Formula 1 2017 Australian Grand Prix, hotels in Melbourne are again expected to see a strong performance uplift around this year's event, according to STR.Over Grand Prix weekend last year (18-20 March), Melbourne hotels recorded the following performance figures in comparison with the rest of March 2017:

Melbourne, Australia

March 13, 2018

STR: Preliminary February data for Singapore hotels

STR's preliminary February 2018 data for hotels in Singapore indicates significant occupancy levels and higher room rates. Based on daily data from February, Singapore reported the following in year-over-year comparisons:

Singapore, Singapore

March 12, 2018

STR: Preliminary February data for Melbourne hotels

STR's preliminary February 2018 data for hotels in Melbourne, Australia, indicates growth across the key performance metrics. Based on daily data from February, Melbourne reported the following in year-over-year comparisons:

Melbourne, Australia

The next-gen metrics that move hotel P&L

Hotel tech has changed what's possible – and measurable. RevPAR and ADR aren't enough; discover the metrics that really matter.

February 26, 2018

How a Decision by Chinese Investors has Caused Sydney Hotels Sales Volume to Dive

In 2017, Sydney, Australia's previously red hot hotels market eased its growth and racked up a massive total of $2.02 billion in transactions, with Victoria actually accounting for 45 percent of the overall sales volumes, experts have said.

TOPHOTELPROJECTS

Sydney, Australia

February 15, 2018

Adelaide scores best hotel performance during The Ashes

Adelaide reported the highest hotel performance levels among the five Australian markets to host The Ashes cricket series from November 2017 to January 2018, according to an analysis by STR.From 1-5 December, occupancy in Adelaide hit 96.2%, while average daily rate (ADR) jumped to AUD306.54. As a result, revenue per available room during the match played at Adelaide Oval reached AUD294.87. Each of those absolute values were higher than those recorded during the England vs. Australia tests in Brisbane, Perth, Melbourne and Sydney. "Adelaide hosting the annual day-night test in recent years has boosted performance compared with prior day tests, and the inaugural England and Australia day-night match was a real stand out," said Matthew Burke, STR's regional manager for the Pacific.Year-over-year percentage changes were highest in Adelaide as well. Occupancy rose 28.1% compared with the same days in 2016, and ADR rose a staggering 115.1%. That led to a 175.5% spike in RevPAR. The second-highest occupancy increase was seen in Perth, while Brisbane recorded the second-best increase in ADR. The lowest overall impact was reported in Sydney. "The lower performance in Sydney perhaps was reflective of a long summer campaign for the English Barmy Army supporters, who may have grown battle-weary with the series decided," Burke said.

Adelaide, Australia

February 7, 2018

Vietnam is booming: 1,3 Million arrivals in December [INFOGRAPHIC]

The Asia-Pacific tourism region is the hottest on the planet right now. As such, it boasts a number of countries with booming project pipelines, including Vietnam. In the past decade the country's hospitality prospects have undergone a rejuvenation, largely fueled by an influx of foreign visitors.

TOPHOTELPROJECTS

February 7, 2018

Horwath HTL Market Report: India

The India Hotel Review Report 2017 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. Besides assessing the performance of 13 major markets which account for almost 70% of India's branded inventory, this year we have taken a dipstick on the performance of newer markets across the country. 2017 will be associated with two defining events – the liquor ban for bars located 500m from highways and GST.

February 7, 2018

Horwath HTL Market Report: Bali

Bali's Mt. Agung's awakening in October last year created doomsday global news headlines. In what had been up to that point, a record setting year, suddenly had hoteliers scrambling to fill rooms and going into damage control.

Bali, Indonesia

January 30, 2018

Horwath HTL Market Report: Bangkok Hotel & Hotel Residences

Move over London and New York, here comes the emerging world-class megacity, Bangkok. In five short years, the electric metro across Greater Bangkok will reach a length of 464 kilometers. This will surpass London's 402 km Tube network and New York City's subway, which is 380 km. The great promise of the East, has now become the new West. Important to the success of Bangkok being a world class city, will be the access to the three international interconnected airports: Suvarnabhumi, Don Mueang and U-Tapao. This latest report by Horwath HTL Thailand and C9 Hotelworks provides great insight into new luxury hotel and hotel residence developments that truly raise the evolving city skyline.

Bangkok, Thailand

January 24, 2018

The Top 5 China Hotel Projects Coming to the Country in 2018 [INFOGRAPHIC]

China is home to one of the fastest rising hospitality markets on the face of the planet, and there are a number of exciting projects there in cities spread throughout the country.

TOPHOTELPROJECTS

January 24, 2018

STR: Asia Pacific 2017 hotel performance

Hotels in the Asia Pacific region reported positive results in the three key performance metrics during 2017, according to data from STR.U.S. dollar constant currency, 2017 vs. 2016Asia Pacific

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