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Hotstats Hotel Market Report - Asia's Path Forward in 2024

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. ....

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