Articles tagged “asia pacific”

With China’s ongoing Covid crackdowns halting its almost-there recovery, the accommodation sectors of other APAC countries are expected to gain market share in 2022.

The accommodation sector in APAC is witnessing a fast paced recovery with 2022 revenue levels not far from reaching pre-pandemic levels. However, composition of the industry remains unclear with short-term rentals revenue share decreasing in 2022.

Even as uncertainty continues to weigh on travel plans, Marriott is offering personalized experiences through its loyalty program in Asia. The hotel chain currently has more than 55 million Marriott Bonvoy members in Asia Pacific.

As the short-term rental market grows rapidly in Asia-Pacific, all of the stakeholders involved will grow along with it. The sector is expected to remain fragmented for now, but in the coming few years as the market matures and its demand-supply equilibrium gets defined, market leaders will emerge.

The STR industry in APAC is at a nascent stage with promising growth prospects. It is to be seen how the STR market matures to find its demand-supply equilibrium and market leaders.

For Pacific Asia Travel Association CEO Liz Ortiguera, there's no sustained recovery for global tourism whilst billions lack vaccine access. Will her North American and European counterparts step up and join her call to push for vaccine equity?

There is still so much uncertainty around the Omicron variant, but already much needed recovery in Asia Pacific is stalling as reopenings are postponed.

Oracle and Skift’s 2021 Back to Hospitality: Getting Smarter and More Profitable in a Post-Covid World report offers a playbook for the industry to come back better and stronger. In this article, we take a closer look at the report’s findings regarding the hotel environment in the Asia-Pacific region.

2021 is shaping up as a critical year for hospitality recovery and reinvention as countries around the world start to reopen to tourism. In this new report, Skift and Oracle Hospitality present the results of a 2021 global research study exploring business strategies, guest needs, and emerging technologies hotels will use to accelerate their recovery from travel downturn of 2020.

Co-living, second-tier cities and apps that create sub communities — there’s a shake-up on the horizon and hospitality companies can learn lessons from Asia.