Whitebridge APAC Hotels Monitor, Issue 7
First and foremost, we are delighted to welcome aboard our new first mate in producing the Monitor series, HotStats — the global navigators of hotel performance data. In an operating environment marked by depressed revenue and expense structure fluidity, charting the top line just doesn't cut it. So, we will dive deeper into the P&L - much deeper - a hallmark of HotStats, which captures more than 500 KPIs of hotel data, delivering the complete revenue and cost picture.
With such a tough backdrop, it is perhaps no surprise that all but three of the metrics listed by HotStats in this edition declined in the last 12-month period. The only growth in Local Currency were in ADR in Maldives (+10.1%), Phuket (+11.2%) and Tokyo (+2.5%).
Development costs are flat, with no noticeable movement in tender pricing.
"We are delighted to welcome aboard our new first mate in producing the Monitor series, HotStats."
For their inaugural edition, HotStats have prepared an analysis showing how China is leading the way in recovering from COVID 19 for our final page feature. With a fair wind and more viable vaccines en route, with luck 2021 will show similar rebounding results around the world.
About WhiteBridge Hospitality
Whitebridge Hospitality is a specialist advisor to investors, developers and operators in the hospitality industry around the globe. We provide investment, operational and planning advice, and guidance in respect of the entire hospitality spectrum, including: hotels, mixed-use developments, conference and exhibition centres, spas, leisure facilities, casinos, visitor attractions and sporting venues. Our uniquely qualified team can provide services throughout an asset's life cycle, from site selection and acquisition, through master planning and feasibility studies, to operator selection, operational and asset strategy advice, to sale and agency services.
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