Hotels Recovery Guides
These guides look back at the health of the tourism and hospitality sectors prior to COVID-19; assess the impact of the global pandemic and weigh-in on the recovery path as well as hotel investments into these destinations as lockdown restrictions gradually ease. Get insights from four key sub-regions across Asia Pacific.
Hotels Recovery Guide Seychelles & Mauritius
The Seychelles and Mauritius have enjoyed strong growth in hotel performance over the last decade, buoyed by robust growth in international arrivals. In 2019, we begun to see this trend slow and anticipated this to continue into 2020. The onset of COVID-19 has therefore, come at a particularly challenging time for both countries. Whilst we expect market conditions to be dramatically impacted due to the global pandemic, there are pronounced differences in the ownership profile and structure in both countries, which will ultimately influence the impact and pace of recoveries.
Hotels Recovery Guide Sri Lanka
Sri Lanka was still recovering from the Easter attacks in 2019 when the COVID-19 pandemic struck in early-2020. Being highly dependent on international tourists, the island nation faced a sharp decline in demand as airports remained shut to leisure and business tourists to curb the spread of COVID-19. Meanwhile, the Government has provided the required impetus to the industry by extending the debt moratorium period by an additional six months until March 2021, giving industry stakeholders the much needed support to tide through the crisis.
Hotels Recovery Guide Australia
Hotel asset management initiatives evolve during times of market distress, and crisis management and recovery planning are currently front-of-mind issues for us. The relaxation of state border restrictions, as well as a historically strong reliance on domestic travel market, are expected to bode well for the post-COVID-19 recovery of the Australian hotel industry.
Hotels Recovery Guide Maldives
Hotel asset management initiatives evolve during times of market distress, and crisis management and recovery planning are currently front-of-mind issues for us. History has taught us that the Maldives is a resilient destination through recovery from natural and political disasters and instability.
Hotels Recovery Guide India
Supported by strong international business demand, the software capital of India, Bengaluru, was amongst the fastest growing RevPAR markets in the country in 2019.
Hotels Recovery Guide Greater China
With China’s relatively quick containment of the virus, green shoots are gradually appearing in hotel markets in Mainland China. Hotel trading performances in select markets have recorded a pick-up in recent months, driven by strong domestic leisure and select corporate travel. Drive-to leisure and coastal destinations such as Sanya are expected to lead the recovery.
Hotels Recovery Guide Japan
Regarded as one of the safest countries in the world, the clear and efficient tax system in Japan also renders the country an attractive safe haven investment destination. Supported by several underlying demand prospects, Japan continues to be amongst the most active hotel investment markets in Asia Pacific.
Hotels Recovery Guide South Korea
The South Korean capital was one of the fastest growing RevPAR markets in Asia last year. As international travel remains constrained in the near term, the strength of the domestic market is expected to drive a relatively quicker recovery compared to other destinations in the region.
Hotels Recovery Guide Indonesia
As Indonesia navigates the challenges of COVID-19, we look to the domestic market and some of the measures undertaken by the government to kick-start the recovery in Southeast Asia’s largest economy.
Hotels Recovery Guide Vietnam
Since lockdown restrictions in Vietnam were gradually eased from 22 April, the declines in hotel trading performances in key cities such as Ho Chi Minh City and Hanoi bottomed out in May.
Hotels Recovery Guide Singapore
Despite the COVID-19 pandemic, Singapore is considered the world’s most competitive economy for two consecutive years and remains the high priority destination favoured by investors.
Hotels recovery guide Thailand
Optimism is building as Thailand’s hotel industry enters COVID-19 recovery phase. The reopening of the country’s market is viewed as a benchmark for the wider Asia Pacific hotel industry.
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