Data trends on cheapest hotel rates as well as median rate for three months of three, four and five star hotels across some of the major cities in Australia & New Zealand. This set covers February to April 2012, taken on the 2nd week of February 2012 (all rates are in US dollars for two adults for a one-night stay).
Optimism amongst leading Australian hoteliers is on the rise again after two years of declining demand, falling revenues and stagnant investor demand. Under a theme of “Back on Track” delegates at the annual Australia, New Zealand and Pacific Hotel Industry Conference (ANZPHIC) held in Sydney this week heard speakers from various parts of the industry deliver generally positive news about recent market trends and encouraging forecasts for the near and longer term future for the industry here.
The HVI is a valuation benchmark developed by HVS. It presents historical, and for the first time in India, future value trends for 11 major markets in India. The HVI aims to answer the question of what a hotel is worth in these cities.
The health of India’s hotel industry is returning as data from STR Global, the leading provider of market information to the global hotel industry, shows a concerted upward trend and recent positive year-on-year growth in revenue per available room (RevPAR).
Dramatic declines in China’s hotel performance during 2009—underscored by revenue per available room (RevPAR) falling 26.2 percent compared with a year ago—contrast strongly with the continuing good performance of the Chinese economy.
Though not immune to the global economic recession, the Australian hotel industry is faring well in local currency terms (Australian Dollar), according to data compile by STR Global, the leading provider of market data to the world’s hotel industry.
China offers hotel developers a huge market and an increasing middle class, both of which are advantages to those willing to put down roots in the country. With a population of more than 1.3 billion, China provides a massive potential outbound market, said Damien Little, director for Horwath HTL, an international consulting agency with an office in China. “All the major players not only want to accommodate the Chinese at home and get their brands top of mind, they also have their eye on the fast-growing outbound tourists from China and want their hotels to be the first choice of the Chinese when overseas and to get the Chinese enrolled in their loyalty programs,” he said.
Hotel companies looking for a market with high demand from business and leisure travelers, a growing middle class and a severe shortage of existing hotels need look no further than India. The recognition of the economic merits of tourism has been a slow progress that didn’t take hold until the mid to late 1990s, said PR Srinivas, lead, tourism, hospitality & leisure for Deloitte.
Data from STR Global, the leading provider of market information to the global hotel industry, highlights the plight of local markets in Thailand and puts the effect of the country’s recent political disruption into a regional context. The ongoing political unrest in Bangkok has affected the country's hospitality industry, which already has to deal with worsening global economic conditions. Over the five months from November 2008 to March 2009, the four Thai markets tracked by STR Global have reported monthly declines of more than 30 percent in revenue per available room (RevPAR) against the comparable period the previous year.