Asia 2011 Outlook | Patchwork recovery | Horwath HTL
Even for economic powerhouses like China and India, the road has been bumpy these last couple of years. To find out how these and several other Asian markets will likely fare in 2011, we turned to HORWATH HTL, whose consultants jumped into high gear to produce this situation report and outlook, covering eleven countries.
Even for economic powerhouses like China and India, the road has been bumpy these last couple of years. To find out how these and several other Asian markets will likely fare in 2011, we turned to HORWATH HTL, whose consultants jumped into high gear to produce this situation report and outlook, covering eleven countries.
2010 for the China hotel industry will be remembered as a year in which the market had a positive turning point ending a number of consecutive years of declining performance levels and profitability. Based on data from the 2010 China Hotel Industry Study, in 2009 the Gross Operating Profit per room for 5-star hotels in China decreased to a low of RMB 91,752, the lowest level recorded in the eight year history of the Study. RevPAR had declined by about 20 % in 2009 following a decline in RevPAR of 10 % in 2008.
About The HOTEL yearbook (HYB)
The Hotel Yearbook is a family of publications that call upon a wide-ranging group of senior executives, analysts, consultants and opinion leaders from all over the world to ask, "What lies ahead for the global hotel industry?" In The Hotel Yearbook - whether it is the highly respected annual edition or any of the special editions focusing on such critically important themes as technology, talent development, or the digital world - our forward-looking contributors share with readers the key trends and developments that they believe could have an impact on the performance of the hotel industry in the future. For more information visit hotelyearbook.com.