Reports

September 12, 2016

2016 Hotels in India: Trends & Opportunities

The season's first rainfall. A child's first words. Your very first pay check. Beginnings are a cherished feeling! Why should it be any different in the world of hotels?

By Achin Khanna and Diksha Chopra

India

September 9, 2016

Indonesia is the Next China for the Hospitality Industry

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

April 7, 2016

Overview of tourism and the hotel industry in Mauritius [Infographic]

Discover our infography about tourism and the hotel industry in Mauritius, an extract from our report "Mauritius: the rising star of the Indian Ocean keeps shining".

Hospitality ON

Mauritius

hospitalitymagazine.com.au

January 26, 2016

Australia: Business confidence lifts despite tough conditions in hospitality sector | hospitalitymagazine.com.au

According to a recent quarterly report from marketing services company Sensis, business confidence in Australia has jumped to its highest level in almost five years, registering a net balance of +39. According to the Sensis Business Index (SBI) survey, more than three times as many small businesses are now confident (57 percent) as opposed to those that are worried (18 percent) about the current economic climate, representing a 12 point rise in confidence among SMEs in the December quarter.

Australia

August 28, 2015

Indonesia Hotel Watch 2015

2015 has been a year of change and opportunities for Indonesia's hospitality industry, with various political and economic factors affecting the country, which have in turn had varying levels of impact across its different markets. Policies anticipated to make a lasting impression on the industry's performance include the controversial ban on government meetings in hotels and the ban on foreign currencies in domestic transactions. The effects have been felt heavily in some markets, and in others the full impact of these policies remains to be seen.

By Bhoomija Vadehra, Consulting and Valuation, HVS SIngapore, HVS

Indonesia

The next-gen metrics that move hotel P&L

July 9, 2015

The HVS Greater China Update – 4th Quarter 2014

Markets in the region are experiencing some headwind amid an economic slowdown, changes in demand patterns and increases in supply. Hong Kong received 16.1 million visitors in the third quarter of 2014, reflecting an 11.2% yearon-year (YOY) growth. Despite the Occupy Central Campaign, growth was mainly driven by Mainland Chinese visitors. Looking forward, it is difficult to estimate the effect of the Occupy Central Campaign. There were a total of 12.8 million mainland Chinese visitor arrivals (79.6% of the market share) during the period. According to CAPA Centre for Aviation, the fast growth in the South Korean market was mainly attributable to the expansion of low cost carriers connecting Seoul and Hong Kong, dominated by HK Express with two daily flights

By Ciao Liu, Steven Zhu, and Daniel Voellm

Hong Kong, China

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Hospitality Net

December 19, 2013

Vietnam - a 2013 Market Snapshot And The Outlook For 2014 And Beyond

Despite government efforts to stimulate the economy through tax breaks and accommodative monetary policy, Vietnam’s economy has not been able to jumpstart from the growth slowdown. Vietnam’s real GDP growth is forecasted at 5.3% in 2013 and 5.4% in 2014. Without broad structural reforms, Vietnam will be facing the threat of long, slow growth, which eventually will undermine investor confidence and further worsen growth prospects.

Vietnam

December 19, 2013

Thailand - a 2013 market snapshot and the outlook for 2014 and beyond

The hotel supply pipeline for Thailand as of September 2013 stood at 93 hotels, representing about 16,000 rooms according to STR Global. Of this, 30 hotels and about 4,700 rooms are currently under construction. As would be expected, most of the supply pipeline is concentrated in the key markets of Bangkok (30 hotels, 6,000 rooms) and Phuket (22 hotels, 3,500 rooms). Pattaya is another market that has a significant pipeline of hotel projects, with 16 hotel projects identified, representing about 3,300 rooms to be added to the market, mostly expected over the next three years. With some questions on Pattaya’s ability to absorb the supply pipeline in the coming years, generally, we do not see an issue of oversupply for Thailand, as tourism growth is expected to remain strong.

By Damien Little, Director of Horwath HTL, Asia, Horwath HTL

Thailand

December 19, 2013

Singapore - a 2013 market snapshot and the outlook for 2014 and beyond

2014 will continue to welcome complementary openings and events that will facilitate tourism growth in Singapore. Singapore’s continuous launching of attractions designed to induce tourism will see 2014 welcome The National Art Gallery to house the world’s largest public collection of modern SEA art and a Sports Hub to feature key sporting events, including the Women’s Tennis Association championships from 2014 to 2018.

Singapore

December 19, 2013

New Zealand - a 2013 market snapshot and the outlook for 2014 and beyond

The IMF forecast in October 2013 that the New Zealand economy would grow by 2.9% in 2014, the 5th strongest in the Advanced Economies, up on 2.5% growth forecast for 2013.

New Zealand

December 19, 2013

Myanmar - a 2013 market snapshot and the outlook for 2014 and beyond

Yangon’s tourist arrivals are likely to increase dramatically over the next five years, given the redevelopment plans for the Yangon and the Hanthawaddy International airports. When completed in 2016, these airports collectively will have an annual passenger handling capacity of 10 million passengers. Passenger arrivals from the ASEAN countries are also likely to increase after 2015, once the ASEAN open sky policies are initiated in Myanmar.

Myanmar

December 19, 2013

Malaysia - a 2013 market snapshot and the outlook for 2014 and beyond

VMY 2014 is the 4th “Visit Malaysia Year”. The last VMY was 2007 and it registered arrivals over 21 million, an increase of approximately 20% over 2006. Recently, The Lonely Planet listed Malaysia as one of the top 10 countries to visit in 2014, the only country in Asia in the top 10 list. The government has set a target of 28 million foreign arrivals for 2014, representing an increase of approximately 8% over 2013’s target. With the opening of the new low-cost carrier airport, KLIA 2 in May 2014, the target could be achieved.

By Sen Soon-Mun, Director - Kuala Lumpur / Pacific Asia, Horwath HTL

Malaysia

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December 19, 2013

South Korea - a 2013 market snapshot and the outlook for 2014 and beyond

Soaring land prices (especially in Seoul) and low profitability in hotel operations have historically restrained developer interest in top-tier hotel development. However, the strong hotel market performance in 2011 and 2012, thanks to the huge influx of Japanese travellers, stimulated local developers to speculate on hotel development, in particular on business oriented and limited service/budget hotel products. According to statistics released by the Seoul Metro Government, a total of 112 hotels are under construction or planned, which will add approximately 22,990 rooms to the Seoul market by 2017.

By Steve Baek, Director at Horwath HTL Singapore, Horwath HTL

Korea, Republic of

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Hospitality Net

December 19, 2013

Kazakhstan - a 2013 market snapshot and the outlook for 2014 and beyond

With the upcoming EXPO 2017, the future development of Astana’s tourism sector is certain, thanks to the high stakes involved in the success of this event. There are already some important investments on the way, e.g. a Marriott hotel (to be opened in H1 2014), Ritz Carlton Astana (construction started in 2013), Abu Dhabi Plaza (new landmark project on 88 floors above ground) and various other hotel projects in the pipeline, totalling more than 2,000 hotel rooms by 2017.

By Sinisa Topalović, Project Manager, Horwath HTL

Kazakhstan

December 19, 2013

Japan - a 2013 market snapshot and the outlook for 2014 and beyond

Looking ahead, we believe that Japan will capture more global attention. Tokyo has been selected as the host city for the 2020 Summer Olympic Games, which will lead the government to speed up its plans for improving the infrastructure and transportation system in order to welcome more foreign visitors.

By Koji Takabayashi, Managing Director at Horwath HTL, Japan, Horwath HTL

Japan

December 19, 2013

Indonesia - a 2013 market snapshot and the outlook for 2014 and beyond

There are many reasons to be optimistic about the future of Indonesia and indeed tourism in and around Indonesia, with numerous incredible destinations that have barely been discovered by adventure tourists let alone the mass market. Of these, attention is being given to the “16 priority destinations” as earmarked by the government in 2012 and real inroads are being made to improve infrastructure including airports, highways, railways and seaports.

By Matt Gebbie, Director, Pacific Asia, Horwath HTL

Indonesia

December 19, 2013

India - a 2013 market snapshot and the outlook for 2014 and beyond

General elections in or before April will impact policy initiatives and growth in the early part of 2014; greater political stability and sagacity will help the nation – distinct lack of bipartisan spirit has damaged the economy, its growth rate, investment attractiveness and mood. Under the right policy framework, India has much to offer for investment, growth and profit.

India

December 19, 2013

China - a 2013 market snapshot and the outlook for 2014 and beyond

New policy to boost tourism. “The Outline for National Tourism and Leisure (2013-2020)” issued by the State Council of China aims to encourage people taking paid annual leave days and thus promote the healthy development of tourism services. Currently, Chinese people rely heavily on the two “Golden Weeks” for vacation, which causes much chaos and puts strain on hotels and tourism infrastructure. The successful implementation of the Outline is ultimately expected to bring about changes in the existing vacation system and significantly boost demand for resort hotels.

By Linda Li, Project director, Horwath HTL Beijing Office, Horwath HTL

China