With the ALIS conference in full swing last week, it is fair to say that the hotel and investment community has officially launched into 2016. ALIS is a foretelling summit which sets the tone for events around the globe to follow - whether it is the International Hotel Investment Forum in Berlin (IHIF), the Hotel Investment Conference Asia-Pacific in Hong Kong (HICAP), the Africa Hotel Investment Forum in Toga or HotelsWorld in Sydney.
As I sit down for afternoon tea in Palm Court, the lobby lounge at The Langham Auckland, I'm astounded by the immaculate presentation, the flawless service and the attention to detail in every corner at this incredible New Zealand hotel. It's a luxury property that feels quintessentially European and yet is about as far away from the contintent as is possible.
As the resources boom grinds to a halt, there has been a lot of doom and gloom surrounding the impact on Australia's economy. But, while the rapid growth of the resources sector has undoubtedly contributed to the country's economic growth over the last 10 years, there's reason to believe the impact of its decline won't be as devastating as some have predicted.
India is well on its way to be the third-largest economy in the world after China and the USA and the direct contribution of Travel & Tourism to the country's GDP is forecast to grow by 7.2% per annum from `2,478.2 billion (2.2% of GDP in 2014) to `5,339.2 billion (2.5% of GDP) by 2025¹. According to the World Travel and Tourism Council (WTTC), leisure travel spends (inbound and domestic) generated 83.5% of direct Travel & Tourism GDP in 2014 compared to 16.5% from business travel spends. During the same period, domestic travel spending generated 81.4% of direct Travel & Tourism GDP compared to only 18.6% for visitor exports ( i.e foreign visitor spends/interna -tional tourism receipts).
With the envisaged development pattern of China's hotel industry and the increasing spending power of the travellers, China's upscale hotel market remains potential for future growth and prosperity. Yet the moderation of economic growth makes upscale hotel investment an exciting but uneasy venture in China. This publication provides a brief summary of China's upscale hotel programming, giving hotel operators, investors and owners a clear view of upscale hotel development trend from a programming perspective.
When we think about emerging economies China tends to be top of mind. But, while it represents a significant opportunity for hotels, there are other countries out there that have also been growing rapidly and should not be overlooked. As part of its recent Emerging Consumer Survey 2015, Credit Suisse highlighted the countries, as well as China, with a new segment of the population which now has the means and the desire to travel.
It's sold as the ultimate fun and friendly experience 'where dreams come true'. And when asked how they deliver exceptional customer service time and time again, the legendary Walt Disney simply replied: "Do what you do so well that they will want to see it again and bring their friends."
Every year, the hotel experts and analysts at Horwath HTL worldwide produce a series of mini-country reports exclusively for The Hotel Yearbook. Each report focuses on just two things: first, a quick snapshot of the country’s current economic and hotel market situation, and second, the outlook for the year ahead, highlighting specific events that are anticipated to have an impact on the health of the country’s hotel business.
Every year, the hotel experts and analysts at Horwath HTL worldwide produce a series of mini-country reports exclusively for The Hotel Yearbook. Each report focuses on just two things: first, a quick snapshot of the country’s current economic and hotel market situation, and second, the outlook for the year ahead, highlighting specific events that are anticipated to have an impact on the health of the country’s hotel business.
Every year, the hotel experts and analysts at Horwath HTL worldwide produce a series of mini-country reports exclusively for The Hotel Yearbook. Each report focuses on just two things: first, a quick snapshot of the country’s current economic and hotel market situation, and second, the outlook for the year ahead, highlighting specific events that are anticipated to have an impact on the health of the country’s hotel business.
Every year, the hotel experts and analysts at Horwath HTL worldwide produce a series of mini-country reports exclusively for The Hotel Yearbook. Each report focuses on just two things: first, a quick snapshot of the country’s current economic and hotel market situation, and second, the outlook for the year ahead, highlighting specific events that are anticipated to have an impact on the health of the country’s hotel business.
Every year, the hotel experts and analysts at Horwath HTL worldwide produce a series of mini-country reports exclusively for The Hotel Yearbook. Each report focuses on just two things: first, a quick snapshot of the country’s current economic and hotel market situation, and second, the outlook for the year ahead, highlighting specific events that are anticipated to have an impact on the health of the country’s hotel business.
Every year, the hotel experts and analysts at Horwath HTL worldwide produce a series of mini-country reports exclusively for The Hotel Yearbook. Each report focuses on just two things: first, a quick snapshot of the country’s current economic and hotel market situation, and second, the outlook for the year ahead, highlighting specific events that are anticipated to have an impact on the health of the country’s hotel business.
The rise of the Chinese traveler has been perhaps the story of the last decade – and will certainly have a continuing impact on the decade ahead. This huge market is beginning to mature, writes Hong Kong-based Giovanni Angelini, bringing about specific challenges he discusses here. But he also asks: is the hotel industry ready for the next generation of Chinese tourists?
Every year, the hotel experts and analysts at Horwath HTL worldwide produce a series of mini-country reports exclusively for The Hotel Yearbook. Each report focuses on just two things: first, a quick snapshot of the country’s current economic and hotel market situation, and second, the outlook for the year ahead, highlighting specific events that are anticipated to have an impact on the health of the country’s hotel business.
Every year, the hotel experts and analysts at Horwath HTL worldwide produce a series of mini-country reports exclusively for The Hotel Yearbook. Each report focuses on just two things: first, a quick snapshot of the country’s current economic and hotel market situation, and second, the outlook for the year ahead, highlighting specific events that are anticipated to have an impact on the health of the country’s hotel business.
Every year, the hotel experts and analysts at Horwath HTL worldwide produce a series of mini-country reports exclusively for The Hotel Yearbook. Each report focuses on just two things: first, a quick snapshot of the country’s current economic and hotel market situation, and second, the outlook for the year ahead, highlighting specific events that are anticipated to have an impact on the health of the country’s hotel business.
Every year, the hotel experts and analysts at Horwath HTL worldwide produce a series of mini-country reports exclusively for The Hotel Yearbook. Each report focuses on just two things: first, a quick snapshot of the country’s current economic and hotel market situation, and second, the outlook for the year ahead, highlighting specific events that are anticipated to have an impact on the health of the country’s hotel business.
Every year, the hotel experts and analysts at Horwath HTL worldwide produce a series of mini-country reports exclusively for The Hotel Yearbook. Each report focuses on just two things: first, a quick snapshot of the country’s current economic and hotel market situation, and second, the outlook for the year ahead, highlighting specific events that are anticipated to have an impact on the health of the country’s hotel business.
Every year, the hotel experts and analysts at Horwath HTL worldwide produce a series of mini-country reports exclusively for The Hotel Yearbook. Each report focuses on just two things: first, a quick snapshot of the country’s current economic and hotel market situation, and second, the outlook for the year ahead, highlighting specific events that are anticipated to have an impact on the health of the country’s hotel business.