Hotel & Tourism SMARTreport #35

ASIA PACIFIC INBOUND
TRENDS & FIGURES
ROSY PERSPECTIVES FOR
Trends in hotel development in the Far East – with key statistics
According to the UNWTO, international
arrivals to Asia grew by 8% last year,
fuelled by strong demand from both
intra- and interregional source markets.
For 2017, UWTO forecasts that Asia
should see growth in arrivals by 5%.
This provides good perspectives for
hoteliers, especially international
groups.
The deceleration in the growth rate in
arrivals to Asia is mostly due to a slowdown
in growth from the Chinese outbound
market, which is entering a maturing
phase. However, this could be profitable
for China’s domestic travel demand thanks
to a weakening Yuan and to the measures
to dampen consumption adopted by the
government to avoid an overheating of
the economy. While international travel
consumption from China is slowing,
regional destinations such as Malaysia,
Thailand or Korea are likely to remain
attractive for Chinese consumers, thanks
to their proximity, low air fares and value
in packages.
All segments of the travel industry continue
to expand to fill up the demand for business
and leisure travel of a growing middle class
and boosting business and leisure travel.
Simplified visa formalities in many Asian
countries (Indonesia, Laos, Myanmar or
SHANGHAI
TOKYO
Among China
top metropolises,
Shanghai continues
to attract
international
investors. According
to Colliers, RevPAR
in Shanghai has
increased steadily,
despite the high
room supply the
city is expected to
witness over the
next five years.
Colliers estimated
that 9,000 new
rooms are due
to be added in
Shanghai over the
next five years, with
over 23,000 in the
pipeline
Pearl Tower Detail
Shanghai, China
Another strong growing
destination in Northeast Asia
is Tokyo, with international
arrivals boosted by the easing
of visa formalities, as well as the
opening of Japanese skies to
low cost carriers. In 2015, Tokyo
attracted 11.8 million overnight
visitors, who stayed 67.8m
nights while domestic travellers
generated to the Japanese
capital some 150 million trips.
Occupancy rates in hotels are at
record level at over 90%.
According to Colliers, RevPAR
has grown on average by
10.6% annually between
2011 and 2015. It reached
JPY14,651 in 2015, versus JPY
9,720 in 2011 and topped JPY
15,000 in 2016. As Tokyo will
play host to the 2020 Summer
Olympics, demand for the
Japanese capital will remain
high with international investors
continuing to boost their
presence in Japan
© AIRABUS S.A.S. 2014 - photo by master films / P. MASCLET
© China Tours Hamburg
Sakura, Chidorigafuchi
Moat, Tokyo Imperial
Palace, Tokyo, Japan
© Arashiyama