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Topic - Market Report Asia Pacific

Market Report Asia Pacific
An Aerial Shot of the City of Singapore - Pexels

Hotstats Hotel Market Report - Asia's Path Forward in 2024 - By Tareq Bagaeen

Earlier this week I was talking to a regional commercial head of Asia for one of the world's largest hotel chains and the view forward into 2024 is one of concern, to say the least. At the moment, the hotel benchmarking data look goods; for many destinations within this region, 2023 was a record year both in terms of topline revenue as well as Gross Operating Profit (GOP). Expectations are significant for the coming year; thus, the higher than usual level of apprehension.

Market Report Asia Pacific

India, Japan & Hong Kong Are Leading Travel Recovery APAC Destinations

According to a new report by ForwardKeys, in partnership with PATA (Pacific Asia Travel Association), the recovery of travel to the Asia Pacific region was initially slow due to strict travel restrictions and pandemic-related concerns. However, the tide is finally turning, and international arrivals are making a robust comeback in the last quarter of 2023, getting closer to 2019 levels.

Market Report Asia Pacific
APAC hotel occupancy

APAC Hotel Recovery Now on Par with the Rest of the World

While other parts of the world began their post-pandemic recovery earlier than Asia Pacific, recent data suggests that the region is accelerating its recovery process and could potentially reach levels seen in Europe and America.

Market Report Asia Pacific
Singapore skyline - Unsplash

HVS Market Report Asia Pacific - By Hok Yean CHEE

The Market Snapshot: Asia Pacific 2023 highlights an overview of transaction activity in the region and presents 25 markets’ current hospitality landscape; each covering demand and supply dynamics, hotel performances, and key transactions.

Market Report Asia Pacific
Report cover - 2023 Asia Pacific Hotels & Hospitality Outlook

2023 Asia Pacific Hotels & Hospitality Outlook from CBRE

Despite current economic headwinds and constraints on airline seat availability, hotel performance in Asia Pacific has continued to improve in 2023. The recovery continues to be largely driven by domestic demand, although the return of mainland Chinese tourists at the beginning of 2023 has started to trickle into neighbouring markets with greater velocity in the past quarter.

Market Report Asia Pacific

MMGY Global Chats: Asian International Travelers - MMGY Global

MMGY's new Global Chats provide a solution for tapping into MMGY Global’s worldwide expertise and perspectives, bringing together thought leaders across regions for insightful digital discussions. Today, a panel of experts are discussing the Asian International Traveler.

Market Report Asia Pacific
Asia Pacific Travel Forecast

Strong Tourism Growth Predicted for Asia Pacific in 2023 and Continuing to 2025

Updated forecasts for 39 Asia Pacific destinations, released by the Pacific Asia Travel Association (PATA) today, show a very strong increase in aggregate international visitor arrivals (IVAs) under each of three scenarios in 2023, with robust annual growth continuing to the end of 2025.

Market Report Asia Pacific

APAC Hotel Occupancy Rose Above Pre-pandemic Levels in Q1 2023

Data from Amadeus’ Demand360 shows that in the first quarter of 2023 (January-March), the region saw a hotel occupancy growth trajectory of 61.7%, surpassing 2019 levels by 3%, thanks to the recent reopening of Greater China's border.