Asia Pacific Opinion Articles

March 22, 2021

HVS Monday Musings: Why Is Franchising Still Struggling To Make A Breakthrough In Indian Hotels Sector?

Franchising is slowly but steadily making its presence felt in the Indian hotels sector. Approximately 17% of the total brand signings by keys in 2020 were franchised properties as compared to 14% in 2019 and 10% in 2018. However, management agreements continue to dominate the sector, accounting for 76-80% of the total brand signings by keys during the same period.

By Dipti Mohan and Akash Datta

India

Opinion Article Finance

March 15, 2021

HVS Monday Musings: Indian Hotels Sector – Brand Signings In 2020

In the aftermath of the ongoing pandemic, brand signings by keys in India witnessed a year-on-year decline of 42% in 2020. Signings were especially low in the first half of the year, due to the uncertain market conditions and challenges related to closing deals on virtual platforms because of the COVID-19 lockdown and restrictions.

By Mandeep Lamba and Dipti Mohan

India

Opinion Article Finance

March 12, 2021

HVS Musings: Hotel Transactions in India in 2020

Hotel transactions value in India contracted by approximately 50% to reach INR24,611 million (approx. US$332 million) in 2020 compared to INR49,372 million (approx. US$690 million) in 2019, but was still higher than the previous peak of INR19,929 million achieved in 2015.Going into 2020, mergers & acquisitions (M&A) activity in the sector was expected to be stronger than that witnessed in 2019.

By Dipti Mohan and Akash Datta

India

Opinion Article Operations & Strategy

March 8, 2021

HVS Monday Musings: India’s Underserved Leisure Tourism Segment is Leading the Post-COVID Revival

Domestic leisure tourism has been driving the recovery in the Indian hotels sector in the post-COVID era, as inbound tourism continues to be on a standstill even after a year. Key leisure markets such as Goa, Rajasthan, Uttarakhand, Himachal Pradesh, and Kerala have been brimming with domestic tourists looking for a break from their COVID-blues, which helped India-wide hotel occupancy to reach 33-35% at the end of 2020.

By Mandeep Lamba and Dipti Mohan

India

Opinion Article Human Resources

March 3, 2021

HVS Internship Study: Effectiveness of Internship in the Indian Hospitality Sector

The Indian hospitality sector has grown rapidly in the past couple of decades and is a key employment generator for the country. According to WTTC, travel & tourism sector contributed 6.8% and 8% to the country's total GDP and employment, respectively, in 2019. However, shortage of quality personnel has been a perennial problem for the sector even though several students graduate from specialized hospitality institutes in the country every year. It is high time that the hospitality sector introspects on this challenge, especially as several hospitality students prefer joining other sectors after their graduation.

By Mandeep Lamba, Dipti Mohan, and Shalloo Dhillon

India

Opinion Article Markets & Performance

March 1, 2021

HVS Monday Musings: Brand Conversions – an Untapped Opportunity in Indian Hotels Sector

Hotel rebranding or conversion has been a growing trend in the Indian hotels sector. As a result, over the past five years more than 230 hotels in the country have been converted either from a standalone property to a brand or migrated from one brand to another. However, the rate of conversions has not increased much during this period. Brand conversions still constitute only 20-25% of the total signings in the country.

By Dipti Mohan and Akash Datta

India

Opinion Article Operations & Strategy

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

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Opinion Article Human Resources

February 8, 2021

Building Economies: Stories from Singapore

Having recently celebrated its 55th year of independence, Singapore is a relatively young nation. Yet, the country has quickly risen to prominence on the international stage, becoming well-regarded as a regional and global business hub. Several key factors have contributed to this success, including great foresight, a conscious push for entrepreneurship and innovation, as well as a vision to help other countries strive towards similar success.

By Kimberly Yoong, Assistant Vice President, Hotel Financing, Aareal Bank AG

Singapore

Opinion Article Finance

February 8, 2021

HVS Monday Musings: India Union Budget 2021: Seeing the Glass Half-full?

After making several representations to the government, the Indian hospitality sector, one of the worst-hit by the pandemic, was expecting some game-changing announcements during the Budget 2021 speech which would help accelerate the sector's recovery.However, the first ever 'digital' budget of the country failed to provide any direct and immediate support to the sector.

By Dipti Mohan and Akash Datta

India

Opinion Article Operations & Strategy

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 Markets & Performance

January 25, 2021

HVS Monday Musings: Indian Hotels Sector – Performance in 2020

Hit hard by the repercussions of the COVID-19 pandemic, the Indian hotels sector witnessed one of its lowest performances ever in 2020, in line with the estimates in our 'India Hotels Outlook' report published in August 2020.

By Dipti Mohan and Akash Datta

India

Opinion Article Wellness & Wellbeing

January 20, 2021

HVS Monday Musings: Wellness Tourism will Flourish in the Post-COVID Era

Wellness tourism, one of the fastest growing tourism segments globally in the pre-COVID era, is expected to reach greater heights post-COVID as the pandemic has been a wake-up call for people - never before has health & wellness been more important than it is today.

By Mandeep Lamba and Dipti Mohan

India

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Opinion Article Operations & Strategy

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 Operations & Strategy

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 Finance

December 21, 2020

HVS Monday Musings: Granting Industry and Infrastructure Status to the Indian Hospitality Sector is the Need of the Hour

In the past few months, several state governments have been proactively lending a helping hand to the tourism & hospitality sector in their respective states, providing various relief measures to help the sector stay afloat during these trying times. Last month, in a move to reboot the sector, the Maharashtra government conferred 'industry' status to the state's hospitality sector.

By Mandeep Lamba and Dipti Mohan

Maharashtra, India

Opinion Article Sales & Marketing

December 14, 2020

HVS Monday Musings: Price Wars In The Indian Hotels Sector During The COVID Era

The gradual revival of demand in the past few weeks is ushering in a new era of price war tactics in the Indian hotels sector. Hotels are resorting to drastic rate cuts in their quest to attract guests and stay afloat during these trying times. Price wars are not a new phenomenon in the sector and our experience says that this is not the best strategy as it often results in more pain than gain.

By Mandeep Lamba and Dipti Mohan

India

Opinion Article Finance

December 7, 2020

HVS Monday Musings: COVID Cost Factor (CCF) - Are we willing to change the status quo in India?

All hotels strive to improve and reduce costs on an ongoing basis. During the normal course of operations, hotels try to achieve this by implementing various techniques, such as using alternate products, implementing process improvements, enhancing inventory management, and evaluating more efficient equipment, which allow them to save certain costs during the year. But the question here is whether these efficiencies are significant enough.

By Ajay Mehtani, Senior Vice President Asset Management South Asia at HVS Anarock, HVS

India

Opinion Article Operations & Strategy

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

India

Opinion Article Design & Architecture

November 13, 2020

Ergonomic Design and Lean Management in the Hospitality Industry in India

With an increasing focus on wellness, hotel and restaurant interiors have become more than just an aesthetic appeal. The curation of a well-designed space enhances the purpose for which it was intended. As a result, ergonomics will play a key role in hospitality projects enclosing multi-purpose spaces ranging from guest rooms to conference halls to bars and restaurants. It is critical to get the correct layout to amplify the customer experience, using empathetic design to map out a guest's journey from room to room with seamless efficiency.

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

India

Opinion Article Food & Beverage

November 9, 2020

HVS Monday Musings: Food for Thought - Reimagining F&B at Hotels in India

Food & Beverage (F&B) has always been a significant component of hotel operations and revenue. Several hotel chains have created their own iconic in-house restaurant brands over the last few decades. Dining at these hotel restaurants, known for their high-quality cuisine and celebrated chefs, had a novelty factor that was missing from the options available outside of hotels.

By Mandeep Lamba and Dipti Mohan

India

Sales & Marketing 2 hours ago

Inaugural Hospitality Social Media Summit (HoSS) Connects Leaders Across 14 Countries

The inaugural HoSS, held in London on 3-4 September, brought 200+ hospitality marketing leaders from 14 countries to address the gap between social media's commercial expectations and current strategy and capability.

Kordie

London, United Kingdom

Technology Yesterday

HotelIQ Decision Cloud joins the Mews Marketplace

HotelIQ Decision Cloud integrates with Mews PMS to deliver automated, daily reservation-level data including RevPAR, ADR, and segmentation metrics without manual exports.

HotelIQ by Intelligent Hospitality

Technology Yesterday

Grupo Baleine selects Shiji’s Daylight PMS to scale its vision for luxury boutique hospitality

Grupo Baleine, a nine-property Mexican boutique hotel group, has deployed Shiji's Daylight PMS at its new Mexico City property as a scalable foundation for luxury hospitality growth.

Shiji

Mexico City, Mexico

Technology Yesterday

EVT took a chance on a young SiteMinder and never looked back

EVT's GM of digital distribution shares how SiteMinder's channel manager has streamlined OTA management across 100+ hotels for nearly 20 years, freeing teams to focus on revenue strategy.

SiteMinder

Australia

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