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Hotel market report: Asia s path forward in 2024 : Tuesday, 12th March 2024 : 4Hoteliers
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Article - Hotstats Hotel Market Report - Asia s Path Forward in 2024 - By Tareq Bagaeen - Earlier this week I was talking to a regional commercial head of Asia for one of the world s largest hotel chains and the view forward into 2024 is one of concern, to say the least. At the moment, the hotel benchmarking data look goods; for many destinations within this region, 2023 was a record year both in terms of topline revenue as well as Gross Operating Profit (GOP). Expectations are significant for the coming year; thus, the higher than usual level of apprehension.
Article - Global Hotel Performance Trends - Asia Pacific 2023 GOP. Boom or Bust? - By Tareq Bagaeen - To fully understand how things are looking like in Asia Pacific, we need to take a step back and look at how things have progressed across the 4 key global hospitality regions over the past 40 months. No one likes to talk about Covid19 anymore, but we need to do so to understand the baseline.
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