APAC

Toughest Year On The Record For Singapore’s Hospitality Industry

The significant impacts of COVID-19 are expected to result in a cyclical low in national hotel sales year in 2020, as investment activity contracted over the sector’s most challenging period in history.

An informative market update series that shares expert insights of the various hotel markets in the Asia Pacific region.

Demand for hotels in Hong Kong has collapsed amid a standstill in regional travel owing to tight visa restrictions, significantly reduced air traffic and risk aversion by travellers – adding to pressure on a market already impacted by local sociopolitical unrest over the course of 2019.