While the pandemic is anticipated to prolong, hotels should start to draw up plans in preparation for a recovery. In the meanwhile, it is the perfect time to relook into operational strategies, cost-saving initiatives, refurbishment, marketing distribution channels, staff training and technology upgrade.
This article describes the restrictions put in place in Italy following the COVID-19 pandemic with particular attention to their possible economic impact on the tourism industry, historically characterized by the high presence of international tourism. A specific analysis is dedicated to the main four city hubs in an effort to evaluate how their different reliance on leisure international visitation might shape their recovery once the pandemic subsides.
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.
The 2019 Western Canadian Lodging Conference (WCLC) that was held on November 25 and 26, 2019 in Vancouver. Caution was the dominant sentiment expressed at the event as the industry expects a slowdown in the near term.
The Market Snapshot: Asia Pacific 2018 highlights an overview of transaction activity in the region and presents 16 markets’ current hospitality landscape; each covering demand and supply dynamics, hotel performances, and key transactions.
The Hotel Valuation Index analyses economic as well as hotel-market specific demand and supply dynamics to derive indicative values and future growth trends for the top 25 hotel markets in 12 countries in the Asia Pacific region.
This article analyses the overall South Korean tourism market - its current status, outlook, and opportunities, featuring a focused hotel performance analysis in Gangneung where Winter Olympics was held in 2018.