Is a Cloud of Pessimism Hanging Over Asian Hotels?
Asia-Pacific Region Sees Shift in Sentiment, but Not Performance
The sentiment across Asia-Pacific hoteliers seems to be turning downward, but hotel performance data isn't following that trend quite yet, according to STR's Jesper Palmqvist.
As Hotel Rate Growth Slows, Asian Countries Ponder the Costs of Travel
STR's Jesper Palmqvist Joins the HNN Podcast to Dissect Asia-Pacific Hotel Trends
With hotel rates up roughly 10% over pre-pandemic levels, some countries across the Asia-Pacific region are now wondering whether they're pricing themselves out of international co...
Optimism and Opportunity for Travel, Hospitality on Full Display in India
Adding New Hotel Supply Remains Challenging But Vital
The recovery of Indian travel and tourism is focused on capitalizing on very significant growth and overall societal change, as the opportunity ahead offers temptations not seen i...
Songkran Provides Slight Lift to Thai Hotels in April
Celebration of Thai New Year Could Spark Summer Travel Season
The harsh reality of hotel performance is that one public holiday, a string of Saturdays or even decent domestic leisure travel will ultimately not be enough for struggling hotelie...
High-end Chain Hotels Booming in Mainland China
The opening of new high-end chain hotels has accelerated in mainland China’s major markets since 2007.
Editor’s note: This article was originally published on WeChat in both Chinese and English. To read the Chinese version, click here.
Vietnam Hotel Industry Still More Bull Than Bear
Increases in intra-Asia travel and domestic travel are positive signs for Vietnam’s hotel industry, and low supply growth in Hanoi could mean that market is poised for strong growth.
GLOBAL REPORT—Hanoi saw similar amounts of attention as Singapore did in 2018 during the second summit between leaders from U.S. and North Korea, when every news outlet reported li...
Kuala Lumpur Hotel Market Looking for a Revival
If Kuala Lumpur is to improve performance for brands and owners, as well as attract more hotel development for the future, something needs to happen.
GLOBAL REPORT—Home to 178 hotels with close to 44,000 rooms, the Kuala Lumpur hotel market has seen supply growth of 13.3% since 2014 and by 3.5% for the full year of 2018—a pace w...
Pricing Power Persists in Sri Lankan Hotel Industry
While hotel occupancy has declined in Sri Lanka since January 2017, Sri Lankan hoteliers continue to hold pricing power as ADR performance has stayed positive.
SINGAPORE and HENDERSONVILLE, Tennessee—The Sri Lankan hotel industry reported mixed results in 2017 as the country saw record room demand and average daily rate but a decline in o...
Demand Rebound, Capital Projects Boost Hong Kong Hotels
Hotels in Hong Kong continue to see high absolute occupancy and ended 2017 with the first full-year ADR and RevPAR gains since 2012.
SINGAPORE and HENDERSONVILLE, Tennessee—2017 was a good year for the Hong Kong hotel industry.
Analysis: Olympic Host South Korea Needs a Demand Boost
The 2018 Winter Olympics in Pyeongchang, South Korea, could be a badly needed demand driver in a hotel market struggling with supply growth.
SINGAPORE and HENDERSONVILLE, Tennessee—With the 2018 Winter Olympics beginning in Pyeongchang, South Korea, on 9 February, the South Korean hotel industry will experience a massiv...
Japan’s Major Hotel Markets See Sustained Demand Growth
Japan’s hotel industry is seeing a steady growth of demand as the country attracts more and more visitors each year, and so far, hoteliers in Japan’s heavy tourist regions are capitalizing on the opportunities.
TOKYO—After a few years of formidable growth primarily from Asian markets like greater China, Japan’s international arrivals are projected to surpass 28 million in 2017. The Japan ...
Sustainability, Security, Openness Themes at WTTC 2017
Speakers at the World Travel & Tourism Council Global Summit in Bangkok expressed hopes that globalization, and global tourism, can survive in an age of nationalism.
BANGKOK—The benefits of tourism and an open society were a recurring theme at the recent World Travel & Tourism Council Global Summit, which drew a large crowd from all over the wo...
Metrics Align to Support Japan’s Hotel Growth
Overall fundamentals look good for Japan, and most people in the industry expect strong performance ahead.
SINGAPORE—Most main stakeholders in the Japanese hospitality industry remain positive about market conditions across the nation, and it’s difficult not to agree. The past three yea...
Keep an Eye on China’s Consumer Shift
A rising demographic of middle-class travelers, coupled with a government push to modify mandated holiday travel, has hoteliers in China and neighboring countries adapting.
China’s economic growth slowdown is dominating the conversations surrounding hotel investment and performance in the Asia/Pacific region. But China’s economy hotel segment continu...