Operations & Strategy Asia Pacific Opinion Articles

February 15, 2021

HVS Monday Musings: Rethinking Heritage Tourism in the Post-COVID India

India is ranked 6th on the list of UNESCO World Heritage Sites globally, with 38 World Heritage Sites, much ahead of global peers such as Australia, the UK, the US, and Japan. Heritage tourism in the country has been growing rapidly over the past few years as India blessed with centuries of intriguing history, numerous forts, palaces, and monuments attracted a growing number of domestic as well as international tourists.

By Mandeep Lamba and Dipti Mohan

India

Opinion Article

February 1, 2021

HVS Monday Musings: Branded Residences – An Evolving Trend in India

Branded residence, a concept that first started in the US in the 1920s, has become a global phenomenon in the past two decades. Traditionally, branded residences have been luxury residential projects co-located or affiliated with well-known hotel brands that provide its residents hospitality services typically offered at a premium hotel. However, with the growth in the sector, standalone branded residences have also been developed across major cities and holiday destinations in the world.

By Dipti Mohan and Akash Datta

India

Opinion Article

January 4, 2021

HVS Monday Musings: Crystal Gazing into 2021 – Top Trends

The year 2021 will be a crucial year for the hospitality sector as it emerges from the disruptions and embarks on the path to recovery. We expect demand to improve considerably in 2021, as people make-up for the lost time and give-in to their pent-up desire to travel. However, hygiene, cleanliness and safety will continue to be their top priorities, as it has become a way of life in the post-COVID world.

By Mandeep Lamba and Dipti Mohan

India

Opinion Article

December 28, 2020

HVS Monday Musings: Indian Hotels Sector – 2020 in Review

2020 will go down in history as the year that changed the world as we knew it, in more ways than one. The Indian hotels sector sailed smoothly into January 2020, after a record year in 2019, with 2020 set to be 'even bigger', however, the onslaught of COVID-19 pushed the sector into a tailspin. The pandemic literally brought the world to a standstill, due to the world-wide travel bans and lockdowns.The COVID-19 shock pushed the sector into a tailspin

By Mandeep Lamba and Dipti Mohan

India

Opinion Article

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 Akash Datta, Dipti Mohan, and Mandeep Lamba

India

Opinion Article

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

India

Opinion Article

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 Akash Datta and Dipti Mohan

India

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Opinion Article

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

India

Opinion Article

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

India

Opinion Article

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 Ajay Mehtani and Dipti Mohan

India

Opinion Article

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

China

Opinion Article

July 23, 2019

Is There a Solution to Overtourism: Lessons from Borocay Island, The Philippines

In 2018, so-called overtourism has begun to emerge as a serious and dangerous phenomenon. Various cities, cultural heritage sites, recreational areas and islands have been affected by this phenomenon. Overtourism is often associated with extremely crowded tourism destinations and has become a topic of great concern for all stakeholders. According to the UN World Tourism Organization, 'overtourism' is: the impact of tourism on a destination, or parts thereof, that excessively influences perceived quality of life of citizens and/or quality of visitors' experiences in a negative way. As a result, tourism experts are—by and large—at a loss as to how to cope with both the increasing tourist numbers and tourism's multifaceted impacts on these destinations.

By Aline Terrier and Peter Varga

Borocay Island, Philippines

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Opinion Article

April 19, 2017

What Hoteliers Need To Know About Indonesia

Right now, we are all still talking about the rapid growth of China and to a lesser extend India, Russia and Brazil under the collective banner of BRIC. Their evolution into capitalistic territories has presented countless lucrative prospects for hospitality organizations both big and small. But there should be a fifth name in this acronym which is often overshadowed despite what's happening on the ground and despite it being the fourth most populous country in the world.

By Larry Mogelonsky, Partner, Hotel Mogel Consulting Limited

Indonesia

Opinion Article

December 15, 2016

Hoteliers Shift Focus To China

Hotel companies like Marriott International and InterContinental Hotels Group (IHG) are increasingly shifting their focus to Chinese travelers due to a surge in China's travel market, according to a recent article by Business Vancouver. This shift in focus has resulted in major expansions in China, with some international hotel chains even launching brands tailored to Chinese guests. Our research shows China overtook the United States as the number one business travel market in the world in 2016, with spend forecasted to grow 10.1 percent to $320.7 billion USD.

By Marianne Varkiani, Social Media & Communications Specialist, GBTA

China

Opinion Article

May 15, 2014

Finding the Right Way To Say ‘Ni Hao’

Imagine a river. It runs pleasantly through fields that rely on it for irrigation. It quenches the thirst of people who could always use more water. Now, imagine that river is about to be flooded with rain, a sea of rain. Will the locals catch that water and contain it? Or will they be overwhelmed?

Marriott

China

Opinion Article

April 12, 2010

Unraveling the Chinese Golf Markets

The evolution of the golf markets in China has been dramatic over the past several years. This evolution, coupled with the prospects of economic growth, the global economic recession and the overbuilding of the golf markets in North America, bring an allure to the prospects for golf in China. For those in the golf industry that were not the early adapters in China, many are now investigating the possibility of business growth in China.

HVS

China