Asia Pacific Opinion Articles

April 26, 2021

HVS Monday Musings: Adventure Tourism in India

As per a recent travel survey, almost 65% of the Indians who participated in the survey were keen to travel for leisure and adventure in 2021. Several domestic tourists are now looking beyond traditional holidays. They want to try new experiences at open and less crowded places, which is likely to boost adventure tourism in the country. In fact, domestic tourists traveled to adventure sports hotspots in the country soon after the lockdown ended last year.

By Mandeep Lamba and Dipti Mohan

India

Opinion Article Markets & Performance

April 16, 2021

In Focus: Singapore

The Republic of Singapore is a metropolitan city-state and island country in Southeast Asia with a total land area of an estimated 714.3 square kilometres. It is situated at the southern tip of the Malayan Peninsula, between Malaysia and Indonesia. With an economy supported by its growing population of approximately 5.7 million people, Singapore has witnessed remarkable record of sustained economic growth throughout the years and bolsters its role as a global commerce, finance and transportation hub.

By Hok Yean Chee, Chariss Kok Xin, and Peggy Lee

Singapore

Opinion Article

April 13, 2021

Post-Pandemic Hospitality Trends & Economics in China

The impacts of COVID-19 have been felt far and wide around the world and across industries. As one of the first hit but also one of the first economies to successfully slow the spread of the virus, China has already been seeing a gradual recovery from the impact of COVID-19.

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

China

Opinion Article Wellness & Wellbeing

April 12, 2021

HVS Monday Musings: Medical Tourism In India

In the last decade, India has emerged as one of the leading medical tourism destinations globally. The presence of several high-quality, well-equipped healthcare facilities along with a strong base of highly skilled and specialized English-speaking medical professionals, offering world-class treatments at much more affordable costs compared to developed nations are some of the reasons for the growth of this segment in India. Reports indicate that medical treatments and travel in India cost up to 50% less than that in developed western countries. India has also been successful at attracting medical tourists from other developing nations, mainly from Asia and Africa, looking for specialized treatments that may not be easily available in their home countries.

By Mandeep Lamba and Dipti Mohan

India

Opinion Article Design & Architecture

April 6, 2021

HVS Musings: The Rise Of The Upscale Hotels Segment In India

The midscale and upscale hotel segments have been driving the growth in the branded Indian hotels sector in the last few years and are the sweet spots for upcoming development in the country. The upscale segment, in fact, has regained the mindshare of hoteliers in the last couple of years due to the significant demand in this segment. As a result, upscale properties accounted for 31% of the total signings by properties in 2020 compared to 15% in 2018, while their share in signings by keys has increased from 27% in 2018 to 37% in 2020.

By Mandeep Lamba and Dipti Mohan

India

Opinion Article Markets & Performance

March 29, 2021

HVS Monday Musings: Homestays In India Are Gaining Popularity In The Post-COVID Era

The popularity of homestays has increased manifold in the post-COVID era when social distancing, cleanliness, hygiene, and privacy have become the top priorities for travelers.

By Mandeep Lamba and Dipti Mohan

India

Opinion Article Operations & Strategy

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

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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

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

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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

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

Technology Yesterday

Travelers want AI to track room rates, not plan their itinerary

A Mews survey of 3,250 travelers finds guests accept AI for functional tasks like rate tracking but resist it for personal decisions, and prefer personalization built on data they knowingly shared.

Mews

Technology Yesterday

Undefeated So Far: Pricepoint Dares Hoteliers to Out-Price Its AI in New Game Rate War

Pricepoint has launched Rate War, a free 2-minute browser game at ratewar.ai that challenges anyone to out-price its AI on 30 nights of hotel inventory.

Pricepoint

Operations & Strategy Yesterday

AI makes information abundant, trusted local expertise becomes a differentiator

Citing Hilton's 2027 Trends Report and four industry studies, the article argues hotels should position staff expertise as a trust differentiator as AI handles discovery but falls short on high-stakes decisions.

GCSTIMES

Human Resources 2 days ago

IDeaS Leadership Development Programs Win Two Brandon Hall Group Excellence Awards

IDeaS won two Silver Brandon Hall Group HCM Excellence Awards for its Learn Lead and Leadership Matters internal programs, both designed to build leadership capability across career stages.

IDeaS

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