COLLIERS INSIGHTS HOTELS | ASIA | Q1 2020 Govinda Singh Executive Director Valuation & Advisory | Asia +65 6531 8566
[email protected] HOTEL INSIGHTS A quarterly digest of key trends in the hospitality sector COLLIERS INSIGHTS HOTELS | ASIA | Q1 2020 2020 Hospitality Trends: FOREWORD WHAT YOU CAN EXPECT? “… Millennials are driving change starting with sustainable travel. Hotels of the future must go green if they want to attract the millennials …” “Technology driving decision making. … Modern travellers turn to online channels to surprise and help them make travel decisions – from where to go to best accommodation options and best local experiences.” “A rising expectation of a frictionless experience with smarter hotels and Welcome to the Q1 2020 edition of Colliers Hotel Insights, our quarterly magazine for hotel and personalized service. Thanks to technology, other accommodation stakeholders across Asia. This edition features key destination trends across Asia, a highlight of key industry disruptors, and a technical section. We also provide insights and guests want more without doing much –they opinions on topical issues within the gaming and leisure sectors. expect you to know … Some implementations of this are smart keys, cloud‐based check‐in, Hotels across Asia Pacific have had a mixed performance in 2019, with overall room occupancy and facial recognition, smart electrical controls in average daily rate (ADR) showed decreases to 69.3% and US$97.35 respectively. This resulted in the room … and this is just the start …” Revenue Per Available Room (RevPAR) for the region showing a decline of some 5.4% year‐on‐ year. However, we note this figure may have been negatively impacted by forex currency “Hoteliers aim to drive up direct bookings… movements together with declines in Australia, New Zealand, China, Malaysia and Vietnam.