News

December 1, 2020

Horwath HTL Industry Report: Hong Kong Hotels: Staycation to Long Stay Packages - Can locals fill the gap until inbound travelers return?

Hotels in Hong Kong are struggling to survive without overseas and mainland visitors. Facing a critical period of "life or death", hotels in Hong Kong have to swap its focus into local demand.

Horwath

Hong Kong (SAR)

November 30, 2020

HVS Monday Musings: Reimposing Lockdowns is a Blow to the Indian Hotels Sector

In the last few weeks, the Indian hotels sector has started to witness green shoots of recovery driven by the growth of leisure tourism and the onset of the festival and wedding season in the country. The impaired sector, however, has barely resurfaced from the perils of the daunting COVID crisis, with occupancy in most major markets showing fledgling signs of improvement.

By Mandeep Lamba, Dipti Mohan, and Akash Datta

September 21, 2020

Hospitality India – Braving the Winds

Clichéd as it may sound, the adage rings true for India's Hospitality Sector today - 'When the going gets tough, the tough get going!'

By Achin Khanna, Managing Partner, Hotelivate Private Limited

September 7, 2020

HVS Monday Musings: Mid-Market Hotels to Lead the Indian Hotels Sector Revival Story

The growth of domestic tourism, changing lifestyles, increasing affinity towards competitively priced branded hotels and expansion of business activity to Tier 2 & 3 cities have bolstered the popularity of Mid-market or Midscale hotels in India in the recent past. Both domestic and international hotel companies with established as well as new midscale brands have increased their presence in the country to leverage the growing demand from middle-income domestic travelers and international budget travelers, especially in Tier 2, 3 & 4 cities.

By Dipti Mohan and Akash Datta

August 17, 2020

HVS Monday Musings: Quality Hotel Supply is the Key to Developing Fledgling Tourist Destinations

India is one of the fastest growing travel & tourism (T&T) economies in the world thanks to its diverse landscape, rich heritage and cultural diversity, which attracts tourists from across the country and the world. Recognizing the importance of the T&T sector in economic growth, the Government of India (GoI) has introduced several initiatives to promote the sector including strengthening of road, rail and air connectivity to tourist destinations in the past couple of decades.

By Mandeep Lamba and Dipti Mohan

July 27, 2020

Hilton CleanStay Brings New Standard of Cleanliness to Greater China

SHANGHAI, China - Today, Hilton announced that the company has implemented a new program to deliver an industry-defining standard of cleanliness and disinfection, across all its properties worldwide. Hilton CleanStay, created in collaboration with Dettol maker RB and Mayo Clinic, includes new procedures to help Hilton guests enjoy an even cleaner and safer stay.

Hilton

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Mews

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Tambourine

June 29, 2020

China’s travel recovery ‘slower than expected’

China's travel recovery is proving "slower than expected" with outbound leisure travel "not considered safe", business services giant McKinsey has reported.

travelweekly.co.uk

June 29, 2020

China’s travel recovery ‘slower than expected’

China's travel recovery is proving "slower than expected" with outbound leisure travel "not considered safe", business services giant McKinsey has reported.

travelweekly.co.uk

May 27, 2020

Greater Bangkok’s Fifteen Million Residents Set Tone in Thailand’s Domestic Tourism Reopening

Thailand's domestic tourism reopening is shaping up to see Bangkok as the hub for an early return of daytrips, staycations and inter-provincial road trips. With over eight million residents coupled with a sprawling megacity catchment with a population base in excess of 15 million, the recovery of the country's tourist economy is set to be staged from the capital city. Focusing on Bangkok's closest inter-provincial destinations, last year over 59 million domestic visitors were recorded in data collected from the Ministry of Tourism and Sports.

C9 Hotelworks Ltd.

Thailand

May 12, 2020

Hilton Hotels in Chinese Mainland Resume Operations

Hilton (NYSE: HLT) announced today that all of its hotels in Chinese Mainland have officially resumed operations. As Hilton welcomes guests back with its hospitality, each hotel has implemented strict anti-epidemic measures to ensure the health and safety of guests and Team Members. Hilton has also made adjustments to policies and operations in order to meet the needs of guests, owners, and the community at large during this time.

Hilton

May 6, 2020

Hong Kong Airport Is Testing Full-Body Disinfectant Machines That Clean Passengers' Clothing and Bodies

In an effort to prevent further spread of coronavirus, Hong Kong International Airport is testing a new machine that would effectively sanitize passengers head to toe.

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

April 24, 2020

China As Tourist Destination Will Take Long Time To Bounce Back From COVID-19 As Brand Image Must Be Restored, Says Globaldata

Pre COVID-19, China was predicted a steady CAGR of 2% between 2016 and 2020 reaching 63.9 million international arrivals, according to GlobalData, a leading data and analytics company.

GlobalData Plc

April 21, 2020

Singapore Shows What the New Clean Is With Audit Initiative for Hotels

Ask hotels to name their competitive edge, the tricolon "location, location, location" is the hackneyed response. It no longer applies. Cleanliness has become one of the three most important factors in the road to recovery and in the future. And this is changing practices.

skift

Singapore

April 15, 2020

Hospitality Industry is Joining Forces with the Indian Government to Combat COVID-19

Nothing could have prepared us for the COVID-19 outbreak. It is hard to determine the true impact of this pandemic until the dust settles and the virus is completely contained, but until then, we have to prepare and come out of this stronger than ever. To win the battle, its essential to join it and fight it together. The hospitality and food & beverage (F&B) industry in India, along with the government, are constantly working to alleviate the impact.As per the latest HVS Report, the overall revenue of the Indian hotel sector in 2020 is set to decline by anywhere between USD 8.85 Bn to USD 10 Bn, reflecting an erosion of 39% to 45% compared to last year.

By Ritvika Sethi, Senior Manager – Consulting & Valuation, with HVS South Asia, HVS

April 8, 2020

An Invasion of Business Like Never Before

The Indian hospitality sector is perhaps undergoing one of its worst-ever crises in living memory and is putting every effort to deal with this unprecedented invasion.Based on our discussions with key industry stakeholders, we understand that as of 30th of March 2020, 57% of 787 branded hotels in the country have become non-operational, a never before event in the history of the Indian hotel industry.

By Dipti Mohan and Ajay Mehtani

April 3, 2020

Delay of 2020 Olympics devastating for Tokyo lodging industry, says GlobalData

Major players based in the Japanese capital will be relieved that an Olympic cancellation has been avoided, but smaller operators will be unable to see a silver lining, says GlobalData, a leading data and analytics company.

GlobalData Plc

Japan

March 31, 2020

China To Lift Travel Restrictions - From April 8 Residents In Wuhan Will Be Allowed To Travel Again

Residents in China have been subject to strict restrictions on movement for several weeks, and for nearly two months in the Hubei province. Wuhan was the epicentre of the COVID-19 virus outbreak and was locked down entirely, with barriers that prevented movement in the city now being dismantled.

Forbes

March 26, 2020

Oyo sees signs of recovery in China after coronavirus outbreak

Oyo Hotels and Homes has started to see a recovery in bookings in China, its second-largest market, as the coronavirus outbreak eases up in some parts of the country, the Indian hospitality startup's Chief Executive Ritesh Agarwal told Reuters on Tuesday.

reuters.com

March 18, 2020

Chinese Tourism at a Difficult Time

The global tourism industry could not have been hurt so badly any time in history other than the year 2019−20. The tourism industry involves temporary displacement of people from one place to another, whereby demand is generated. Thus, any factor that impedes tourist flow will cause a negative demand shock in the industry one way or another. The impact on tourism demand depends on the nature of the shock as well as how long it persists.

By Dr. Yong Chen, Ph.D., Associate Professor, EHL