Reprising and updating a study from the last downturn, this article surveys operating expense elasticity in the industry’s most recent period of acute revenue loss, 2008–2009, using data presented across a range of product types and quality levels. The study is intended to help industry participants build or evaluate a forecast in a context of economic decline and provides a forecasting tool for the same.
The COVID-19 pandemic and the related restrictions on travel, business activity, and individual movement are having an unprecedented impact on our industry and economy. Hotel owners, operators, lenders, and investors are all facing greater challenges than ever anticipated, as they grapple with plummeting occupancy, average rate (ADR), and RevPAR and seek solutions to mitigate the impact on EBITDA.
En vista de la experiencia de HVS en México y en otros países del mundo, hemos querido preparar y distribuir este breve documento que proporciona algunos datos sobre el comportamiento del mercado hotelero de cara a eventos de shock como el que ahora vivimos. Queda claro que este evento no es igual a otros pasajes que se pueden analizar y que las circunstancias del evento actual cambian literalmente por hora.
In Focus: Singapore 2020 provides an overview of Singapore’s tourism landscape and hotel market performance, infrastructure development, revitalising and repurposing hotels, hotel transactions and investment in 2019, outlook and crisis management.
From the beginning of 2020, Covid-19 spread in China and escalated into a global pandemic, impacting the travel, hotel, and catering industries. HVS Shenzhen Office combined existing market information and our own survey results, as well as the historical data, to determine the impact and provide an outlook on the Chinese hotel industry.
March 27, 2020
ByCaroline Zhang ,Chang Xu ,Rachel Cui
The coronavirus (COVID-19) pandemic is having a profound impact on the hospitality industry, as travel restrictions, limits on large gatherings, the closure of restaurants and bars and, perhaps most influential, fear of the virus, have brought travel—and most other aspects of hospitality—to a virtual halt.
So why is it that so many owners feel the need to employ asset managers to help them ensure the manager is doing a good job? Why don’t many operators do this on their own? After 45 years of looking at hotel operating performance, here are my top 10 tips for getting the most out of your hotel business.
While a great deal of uncertainty exists about the eventual spread of COVID-19, experience to date in China, other Asian countries and now Europe indicates that a global pandemic is underway. Interruptions of supply chains could exacerbate a global economic slowing down.
Total European hotel transaction volume reached €27.1 billion in 2019. This represents a significant increase of 46% on 2018 and is the highest annual level ever recorded, surpassing the previous peak of €23.7 billion in 2015.