8 Things You Should Know About Hospitality Industry In Asia



1. The hospitality Industry in Asia Pacific reached a record $12.8 billion value of transactions in 2013. In the first eight months of 2014, the Asia Pacific region welcomed 5% more international tourists (overnight visitors) over the same period in 2013, with more than 1.1 billion tourists expected by year-end, according to Cushman&Wakefield’s Hotel Views Report.
2. Southeast Asia has seen significant growth in its hospitality industry, boosted by increasing number of global visitors and tourism spending. Today, over $50 billion of international tourism spending are spent in five key markets in Southeast Asia, including Indonesia, Malaysia, Singapore, Thailand, and Vietnam. This figure of tourism spending has more than doubled comparing to the $25 billion spent in 2006.
3. Most of the growth in the global hotel industry in 2014 came from major hotel groups. According to MKG Hospitality’s 2014 Global Hotel Rankings, branded hotels grew by 3.2% in 2013 while non-branded hotel growth contracted, netting a 1.2% overall increase in the global supply of rooms.
4. The total hospitality investment volume in the Asia-Pacific region decreased from US$6.4 billion in the first half of 2013 to US$3.3 billion in the same period in 2014, according to EY’s Global Hospitality Insights 2015.
5. Investment capital into hospitality assets into China totalled USD 2.0 billion YTD in 2014. While total volume for China remained stable, Shanghai was the destination for capital accounting for 74% of transaction value as operating fundamentals remained strong amid a subdued market across the wider Mainland.
6. Asian investors dominated hotel transaction activity in the first six months of 2014, with North Asian and Southeast Asian investors completing 58% and 38%, respectively, of all deals in Asia. Total Asian investors (primarily dominated by China, Hong Kong, Japan and Singapore) represented 43.2% of the cross-border hotel transactions during the 12 months ending October 2014
7. International hotel groups are rapidly expanding into Asian hospitality and hotel market, focusing their efforts particularly in China, India, Indonesia and Hong Kong. Over the recent years, there have been notable Asian forays and openings for Rosewood Hotels (Rosewood Beijing) and W Hotel (W Guangzhou Hotel & Residences) in China, Mantra Group in Bali (Mantra Nusa Dua) and ONYX Hospitality Group in Hong Kong (OZO Wanchai).
8. Hotel Hospitality & Food Asia (HHF 2015), as one of the most prestigious events in Asian hospitality and hotel industry, will be held from 16th – 18th this October in Sri Lanka. The event is designed to serve the dynamic and diversifying hotel, hospitality, tourism and food businesses of South Asia. Supported by Sri Lanka’s leading hotel and tourism bodies, HHF is the ideal platform and marketplace that will showcase the latest vibrant growth of hospitality and hotel industry in one of the world’s most highly rated destinations.

#‎PanBlaze‬ ‪#‎hospitality‬ and ‪#‎entertainment‬ ‪#‎worldwide‬ ‪#‎updates‬ ‪#‎know #industry #asia