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Asia Report Hotel Views 2012
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The Asia Pacific region seems to be weathering the global economic uncertainties - signs of confidence are returning in certain markets and an underlying mood of cautious optimism is taking hold across the region. Domestic consumption is strengthening intra-regional linkages, and as such, the region’s vulnerability to a global slowdown has been reduced significantly, except for Hong Kong, Singapore and Vietnam – all economies that are largely tied to US and Europe exports. So far in 2011, hotel performances in the region have been varied. Some markets perform at par with the previous year, whilst others are showing encouraging signs of improved performances, in either occupancy rates and/or the average daily rates (ADRs). We anticipate that this will continue through the rest of the year and into 2012, with the latter half of 2012 showing continued recovery with both occupancy and ADR posting further improvement.
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