HVS ANAROCK Hotels & Hospitality Overview, September 2024
This is a monthly industry update that highlights the key trends in the Indian hospitality industry.
Press Releases
TFE-Heritage Hotels Strategic Partnership Shows Confidence In New Zealand Accommodation Sector
In breaking news, TFE Hotels has partnered with New Zealand’s leading accommodation provider, Heritage Hotels, in a multi-property management agreement that will see five hotels refurbished in the next few years and send a positive signal to the local accommodation sector amid a resurgent international tourism market.
HVS ANAROCK Hotels & Hospitality Overview, August 2024
Read the latest edition of the HVS ANAROCK monthly industry update, Hotels & Hospitality Overview (H2O), for the key trends in the Indian hospitality industry.
Accor strengthens leadership in Australian hotel industry with partnership renewals for over 40 hotels
Accor, Australia’s largest hotel operator, has signed partnership renewal agreements for more than 40 hotels, comprising 5,500 keys, across Australia, underscoring the Group’s strong partnerships with some of the country’s most influential hotel owners.
Why are Hotel Bookings Increasing by More Than 200% in Singapore?
The Singapore Grand Prix 2024 is set to take place on September 20-22, bringing the excitement of Formula 1 racing to the Lion City. Bookings for the Grand Prix began as early as December 2023, significantly impacting hotel demand. This early surge in reservations has led to an unprecedented increase in hotel occupancy rates, with many premium and centrally located hotels reporting near-full bookings months in advance. Consequently, this has led to a marked rise in room rates and a bustling hospitality sector gearing up to cater to the influx of international visitors.
Vietnam’s Travel & Tourism Set for a Record 2024
The World Travel & Tourism Council’s (WTTC) 2024 Economic Impact Research (EIR) has today revealed that Vietnam’s Travel & Tourism sector is forecast to inject a record đ770.8TN into the national economy this year.
India's Travel & Tourism Sector Shows Strong Recovery with Domestic Tourism Leading the Way
The World Travel & Tourism Council’s (WTTC) 2024 Economic Impact Research (EIR) reveals a significant recovery of India’s Travel & Tourism sector, with domestic tourism playing a pivotal role.
Small Luxury Hotels of the World Expands in India with a Strategic Brand Partnership with the MRS Group of Hotels
In a landmark move that signals a new era for boutique luxury hospitality, Small Luxury Hotels of the World (SLH) proudly announces its expansion into the vibrant Indian subcontinent through a strategic partnership with The MRS Group of Hotels. This collaboration signifies the entrance of an independent hotel group in India, renowned for its bespoke collection of boutique hotels, into the distinguished ranks of SLH, elevating their status as pioneers of contemporary Indian hospitality on the international scene.
Philippines’ Travel & Tourism Sector Set for Historic Year
The World Travel & Tourism Council (WTTC) 2024 Economic Impact Research (EIR) forecasts a record-breaking year for Travel & Tourism in the Philippines, with its economic contribution, job numbers, and visitor spending all set to reach new highs.
Japan’s Travel & Tourism Sector to Surpass Previous Records in 2024
The World Travel & Tourism Council (WTTC) 2024 Economic Impact Research (EIR) forecasts a record-breaking year for Japan’s Travel & Tourism sector, with its economic contribution, job numbers, and visitor spending, all set to reach historic levels.
Sydney hotel performance lifted by Vivid Drone Show and Sydney Film Festival
The ‘Love Is In The Air’ Vivid Drone Show and the 71st Sydney Film Festival lifted June hotel performance in the market, according to preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
Indonesia’s Booming Travel & Tourism to Support More Than 12.5 Million Jobs
The World Travel & Tourism Council (WTTC) 2024 Economic Impact Research (EIR) projects a record breaking year for Indonesia’s Travel & Tourism sector in 2024, with jobs in the sector set to exceed 2019 levels to reach more than 12.5mn.
Malaysia’s Travel & Tourism Sector Projected to Exceed Previous Heights
The World Travel & Tourism Council (WTTC) 2024 Economic Impact Research (EIR) projects a significant year of growth for Malaysia's Travel & Tourism sector, with its economic contribution, employment, and domestic visitor spending expected to break all records this year.
South Korea’s Travel & Tourism Sector Set to Reach New Heights in 2024
The World Travel & Tourism Council (WTTC) 2024 Economic Impact Research (EIR) predicts a remarkable year for Travel & Tourism in South Korea, with significant growth in its economic contribution, employment, and visitor spending.
Australia’s Tourism Sector Set to Contribute Record-Breaking $265BN to the Economy
The World Travel & Tourism Council’s (WTTC) 2024 Economic Impact Research (EIR) forecasts Travel & Tourism will contribute more to Australia’s economy in 2024 than any previous year on record.
HVS ANAROCK Hotels & Hospitality Overview, June 2024
Read the latest edition of the HVS ANAROCK monthly industry update, Hotels & Hospitality Overview (H2O), for the key trends in the Indian hospitality industry.
Tokyo room rates reached a new peak in May
Tokyo’s hotel industry reported record-high average daily rate (ADR) and revenue per available room (RevPAR) in May, according to preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
Travel & Tourism in China set to surpass pre-pandemic levels this year
The World Travel & Tourism Council’s (WTTC) 2024 Economic Impact Research (EIR) has revealed today that China’s Travel & Tourism sector is set to inject a record-breaking ¥12.62TN into the national economy by the end of this year.
A look at Mainland China’s hotel performance during the May Day period
According to estimates from the Data Center of the Ministry of Culture and Tourism, the five-day May Day period (1-5 May 2024) brought 295 million domestic tourism trips – a 28.2% jump against the same period in 2019 and a 7.6% increase year over year. However, per capita tourism spending only recovered to 88.5% of the 2019 level.
APAC Hotels & Hospitality Market Update - Korea
CBRE Asia Pacific Hotels & Hospitality’s Market Update series explores key trends in the region across indicators such as tourism arrivals, hotels performance, supply and investment activity, as well as notable market developments that are relevant to the hotel sector.