Connect with us on
Connect with us on
In Colliers Hotel Insights | Q2 2022, we look at:
Two quarters into 2022 and what travel in a post-COVID-19 world will be is starting to take shape. Travel restrictions continue to be reduced en-masse across the world, with airline traffic up to 69% of pre-COVID (2019) levels at the end of March 2022. According to the latest forecast by IATA, air traffic is expected to exceed pre-COVID levels by 2024. Driving demand for those seats will be domestic and increasing number of tourists, with the UNWTO forecast that by tourism arrivals would have exceeded 2019 levels by the end of 2023 in certain regions.
Once heralded as the harbinger of doom for business and group travel – it seems the desire to meet in-person has once again triumphed, as leisure (mostly visit, friends and relatives), meetings, and events travel lead the recovery.
However, once again head winds threaten. Whether it’s the ever-present threat of a resurgence of a deadly variant, high inflation, labour bottlenecks and increased cost of living has meant reduced disposable income. Question is, will the desire to travel outweigh the need to save, thereby dampening the recovery, at least in the short-term.
In terms of hotel performance, room occupancies across Asia increased to 48.5%, with ADR improving to US$83.69, a recovery in RevPAR of 12.3%. However, there remains a great divide between the more open Southern countries versus the closed Northern region, with China especially remaining closed for the foreseeable future.
This report was originally published in https://www.colliers.com/en-hk/research/2022-q2-hospitality-insights-colliers
Download the Report Read MoreA lean supply chain, at its heart, focusses on inventory optimisation and operational excellence. It aims to eliminate waste at every stage of the production and distribution process, and so have courted additional terms such as “continuous flow” and “just-in-time”. The critical aim is optimisation of inventory management rather than minimisation, and with its focus on consistency and repeatability, lean supply chains are designed to be arguably less flexible. For this reason, some have come to view this type of network as irrelevant in a disrupted world – agility rules. However, this is not the case.
Cushman & Wakefield’s latest report, Keeping Lean Supply Chains Relevant in a Post-pandemic World, explores key trends in the supply chain industry, highlighting the importance of optimising supply chain networks, with a key focus on lean supply chain and how it will continue to be relevant.
This report was originally published in https://www.cushmanwakefield.com/en/insights/supply-chain-network-design-optimisation
Download the Report Read More2019 was a record year for commercial real estate, the office market was at an all-time high with positive sentiments from both occupiers and developers. However, the disruption induced by the COVID-19 pandemic brought the rise to a complete standstill.
Post the second wave in 2021, demand for quality spaces began to rise swiftly and steadily, with occupiers taking utmost advantage of tenant-favorable commercial terms. This trend continues to build up in Q2 2022, despite certain challenges.
The 5 Trigger Points of Commercial Real Estate focuses on fundamental aspects that are silently working to strengthen the recovery and sustain the rise of commercial real estate.
This report was originally published in https://www.cushmanwakefield.com/en/india/insights/five-trigger-points-for-commercial-real-estate
Download the Report Read MoreResponses from real estate investors in Japan were compiled in this survey. The responses include their expected returns, investment outlook, and rental growth. Surveyed firms include asset managers, securitization developers, life insurance, commercial banks and other financial institutions, investment banks, pension funds, and real estate leasing.
Download the Report Read MoreCushman & Wakefield recently released “Office of the Future Revisited” in which a global view of how the demand for and use of office space is changing. Within the report, three realities were presented:
1. Demand for office space is accelerating;
2. Hybrid is here to stay; and
3. The role of the office has changed.
While all three of these realities are true for the Asia Pacific region, as a geographically large and culturally diverse region, we see nuance in how these realities manifest between markets.
This report was originally published in https://www.cushmanwakefield.com/en/insights/apac-office-of-the-future-revisited
Download the Report Read More
