Skip to main content Skip to footer

Asia Hotel Insights | Q1 2020

Download Report
2020 Q1 Asia Hotel Insights Quarterly Digest Colliers 1536x1040

Hotels across Asia Pacific have had a mixed performance in 2019, with overall room occupancy and average daily rate (ADR) showing decreases to 69.3% and US$97.35 respectively.

 

This resulted in Revenue Per Available Room (RevPAR) for the region showing a decline of some 5.4% year‐on‐ year. However, we note this figure may have been negatively impacted by forex currency movements together with declines in Australia, New Zealand, China, Malaysia and Vietnam.

2020 Hospitality Trends: What you can expect

  • Millennials are driving change - starting with sustainable travel
  • Technology driving decision-making
  • Rising expectations of a seamless experience with smarter hotels and personalised service
  • Hoteliers aiming to drive up direct bookings
  • Hoteliers adopting the 'homestay' concept

This quarterly digest also explores current key trends in the hospitality sector, including disruptors in the hotel industry and the growth of the cruising industry in Asia. Download the Q1 2020 Hotel Insights to learn more.

 


2020 Q1 Asia Hotel Insights Quarterly Digest Colliers 1024x927

Asia Hotel Insights | Q1 2020

Download Report
Related Experts

WeiLeng Tang

Managing Director | Head of Capital Markets Singapore

Capital Markets & Investment Services

Singapore

WeiLeng is the Managing Director of Colliers in Singapore and is responsible for the business's growth strategy and direction. As an enterprising real estate service solutions provider, she currently leads a team of experts advising clients on their business space requirements, property investment choices, managing and driving their asset performance, and valuing their assets.  

Capital Markets is her expertise. Her first foray into real estate began nearly three decades ago when she was headhunted by government service. She has since accumulated a wealth of experience in selling buildings, hotels and development land. She sold her first office building at 20 Malacca Street at Raffles Place – just barely one year into her new role. That same relentlessness saw her through many more deals, some bigger others smaller. Over the years, she has developed an excellent network and invested in strong relationships.

She often gets the question, "What drives you?", which she usually answers, "the inexplicable joy I see on my clients' face when I close a deal!" By building trusted relationships, she has successfully entered into joint ventures with both CapitaLand and City Developments Limited (CDL), during her stint on the buy-side with Wells Fargo (then Wachovia Real Estate).

She considers the undertaking of the Singapore office's leadership role as a significant career progression for her. Together with her team of experts, they have multiplied their profitability by six-fold since 2016, and the team continues to collaborate with colleagues across markets to deliver strong results for shareholders.

Having three daughters of her own that are coming of age, she understands her people's aspirations and recognises the acceleration of success of her people as one of her key focuses, where she mentors and nurtures them in becoming the next generation of leaders.

Colliers has given her tremendous space to accelerate her success, and she would like to accelerate yours too. Connect with her today!

View expert