Insights

Viewpoints with bite

Dig in to the latest research, industry analysis, MarketCompass and premium market reports.

Points of view

Viewpoint

How the hospitality sector is confronting plastic

The hospitality industry is no stranger to environmental scrutiny, but in 2025, the spotlight has turned sharply onto plastics. With consumer expectations and government regulations mounting, hotels are accelerating action, not just for sustainability, but for competitiveness.

Julia Chudnobsky
Julia Chudnobsky
Consultant, Argentina
Viewpoint

Sustainability top trends shaping 2025

Sustainability is no longer a niche choice, it’s a strategic imperative woven into the fabric of business, policy, and consumer expectations. Investors are demanding transparency, regulators are setting stricter disclosure requirements, and customers are increasingly choosing brands that align with their values. The conversation has shifted from “why” sustainability matters to “how” it is embedded across operations, governance, and long-term strategy. At the same time, technological innovation, regulatory convergence, and growing climate risks are accelerating the urgency for action.

Julia Chudnobsky
Julia Chudnobsky
Consultant, Argentina
Viewpoint

Realigning hotel markets: the untapped fiscal opportunity for US cities

Cities across America are searching for ways to expand their tax base without overburdening residents. Raising property taxes is politically toxic. Sales taxes rise and fall with the business cycle. Grants and one-off windfalls disappear as quickly as they arrive. Yet one of the most dependable revenue engines sits in plain view: hotels.

Bryan Younge
Bryan Younge
Managing Partner, USA
Viewpoint

Outdoor Lodging in Asia Pacific

The rise in global demand for outdoor lodging products has emerged as a key trend in travel, captivating the imagination of travellers seeking unique, immersive experiences in nature without compromising on comfort and, in many cases, luxury. So, what is outdoor lodging and why does it matter now to hospitality industry stakeholders in Asia Pacific?

Robert Hecker
Robert Hecker
Managing Director, Singapore
Viewpoint

Lenders Pick the Winners in the UK Hotel Market

This article reflects insights from lender-side conversations carried out as part of a strategic review of a UK-wide hotel portfolio in H1 2025. Interviews were conducted with a cross-section of lenders — to test appetite, indicative pricing, covenant structures, and refinancing criteria. All findings have been anonymised and aggregated to reflect current lender thinking and underwriting behaviour; equity-side perspectives were not included in this review.

Rachel-Felicia Glenn
Rachel-Felicia Glenn
Associate Director, United Kingdom

Reports

Report

New Zealand Hotel Performance Focus August 2025

Positive news for hotel owners and operators: In August, RevPAR showed a welcome increase, along with the first year-on-year monthly rise in occupancy for 2025.

Wim Ruepert
Wim Ruepert
Director, New Zealand
Report

Australia Key Markets Hotel Market Outlook – Q1 2025

The data as published in the report is based on the economic forecast by Deloitte Access Economics for the June 2025 quarter, historical hotel performance from STR as of June 2025, as well as historical tourism data available as of March 2025, including forecasted domestic and international visitation from Tourism Research Australia (TRA) as at December 2024, which has been adjusted by Horwath HTL.

Damien Little
Damien Little
Director, Australia
Report

New Zealand Hotel Performance Focus July 2025

While some hotel markets celebrated their best July in years, others faced a significant drop in demand. Find out which factors separated the leaders from the laggards in our latest hotel performance review.

Wim Ruepert
Wim Ruepert
Director, New Zealand
Report

New Zealand Hotel Performance Focus June 2025

Uncover the current landscape of New Zealand’s hotel sector with our latest report, covering the month of June and the first six months of 2025. From international visitor arrival and occupancy trends to RevPAR changes, find out which regions are thriving and which are struggling in today’s market.

Wim Ruepert
Wim Ruepert
Director, New Zealand
Report

How sustainable are Wellness resorts?

The hospitality industry contributes to 3% of global carbon emissions, with hotel operations responsible for 1% and construction of new hotels accounting for the remaining 2% (UNTWO,2022). Additionally, the industry generates approximately 289,700 tons of waste annually, which include around 79,000 tons of food waste (Tostivint et al., 2016). As concerns over environmental impact and corporate responsibility grow, hotels globally are adopting multiple “green” initiatives aimed at reducing their carbon footprint, conserving resources, and improve community engagement.

Matthieu Provino
Matthieu Provino
Junior Consultant, Health & Wellness
Report

New Zealand Hotel Performance Focus May 2025

Discover how Queenstown, Rotorua, and the luxury hotel segment are defying national trends and delivering standout results in an otherwise challenging May for New Zealand’s hotel sector.

Wim Ruepert
Wim Ruepert
Director, New Zealand
Report

Fijian Hotel Market Overview June 2025

The Fiji tourism market quickly returned to a position of strength following the opening of borders in late 2021. The key source market of Australia was quick to return, followed by North American and New Zealand markets. This drove improving occupancy and record ADR levels in 2023 and 2024. The future challenge for the Fiji market will be in ensuring growth in tourist accommodation supply and seeing a greater diversification of source markets to improve year-round performance and reduce seasonal travel fluctuations.

Damien Little
Damien Little
Director, Australia

MarketCompass Lodging Reports

Washington State Area – 2025 Q1

The MarketCompass Lodging Report for 1Q 2025 analyzes the Washington State area lodging market, including Spokane’s economy and its influence on the region. It assesses various hotel classes (Luxury to Economy) using key metrics like occupancy, ADR, and RevPAR, providing performance rankings and trends. The report examines factors like brand representation, investment rates, air passenger traffic, and CRE performance. Spokane’s economic drivers, such as healthcare and logistics, are highlighted, alongside challenges like declining university enrollments. The report offers insights into market strengths, weaknesses, and future outlook, aiding investors in navigating the hospitality landscape. Click here to view a shortened preview of the report.

Tulsa, OK – 2025 Q1

The MarketCompass Lodging Report for Tulsa, OK in 1Q 2025 highlights a diverse economy driven by manufacturing, energy, and healthcare, with a growing labor market outpacing state and national averages. The manufacturing sector, bolstered by aerospace and defense, is expected to drive business travel and hotel occupancy. However, a slower energy sector recovery and potential population decline pose challenges. Tulsa’s lodging market ranks in the 30th percentile nationally, indicating underperformance, with varied investment risk across hotel classes. The report analyzes key metrics like occupancy, ADR, and RevPAR, providing insights into different hotel classes’ performance. Click here to view a shortened preview of the report.

Tucson, AZ – 2025 Q1

The MarketCompass Lodging Report for Tucson, AZ, 1Q 2025 analyzes the city’s diverse economy and lodging market performance. Tucson showcases robust job growth, driven significantly by the University of Arizona’s expansion. The leisure and hospitality sector faces a tightening labor market. The report ranks Tucson in the 54th percentile nationally. It details key metrics like occupancy, ADR, and RevPAR across different hotel classes, highlighting strengths and challenges for each. It further examines brand representation, investment rates, air passenger throughput, published rates, and general CRE performance. The report concludes with a forward-looking perspective on Tucson’s economic drivers, including aerospace manufacturing and housing activity. Click here to view a shortened preview of the report.

Tampa, FL – 2025 Q1

The MarketCompass Lodging Report for Tampa, FL in 1Q 2025 highlights the region’s resilient economy, driven by tourism and healthcare, despite facing challenges like high interest rates. The report analyzes key metrics, brand representation, investment rates, air passenger throughput, and CRE performance. It provides detailed insights into various hotel classes, including luxury, upper upscale, and economy, ranking their performance and identifying strengths and challenges. The report also examines occupancy, guest-paid ADR, and RevPAR trends from 1990 to March 2025, offering a comprehensive overview for stakeholders navigating the evolving market dynamics. Click here to view a shortened preview of the report.

Syracuse, NY – 2025 Q1

The MarketCompass Lodging Report for Syracuse, NY in 1Q 2025 analyzes the city’s hotel market, considering the local economy, key performance indicators, and various hotel classes. Syracuse’s economy is evolving, with healthcare and professional services growing, while manufacturing is bolstered by defense spending and potential semiconductor investment. The report ranks Syracuse’s lodging market as “Under-Performing” compared to other US hotel markets. It dives into specific classes—Luxury to Economy—assessing strengths, challenges, and notable rankings. Occupancy, ADR, and RevPAR trends are tracked from 1990 through March 2025, providing insight into the hotel market’s performance and potential investment opportunities. Click here to view a shortened preview of the report.

South Carolina State Area – 2025 Q1

The MarketCompass Lodging Report for 1Q 2025 focuses on the South Carolina State Area lodging market, examining performance across various classes from Luxury to Economy. Greenville’s economy, driven by healthcare and manufacturing, faces low-wage job challenges, potentially impacting future investment. The region ranks moderately among the top US hotel markets. The report analyzes occupancy, ADR, and RevPAR trends from 1990 through March 2025. It details strengths and challenges for each hotel class, including notable rankings in COVID recovery, demand change, and transaction pricing, offering insights for investors amid shifting market dynamics. Click here to view a shortened preview of the report.

Seattle, WA – 2025 Q1

The MarketCompass Lodging Report for Seattle, WA in 1Q 2025 analyzes the area’s hotel market. Despite a diverse economy, a struggling tech sector is expected to dampen hotel demand through 2025, impacting investment strategies. The Seattle market is ranked in the 86th percentile nationally, indicating stable growth potential. The report breaks down performance by hotel class, including luxury, upper upscale, upscale, upper midscale, midscale, and economy. It also covers brand representation, investment rates, air passenger throughput, published rates, and general commercial real estate performance. The report includes data tables on occupancy, ADR, and RevPAR. Click here to view a shortened preview of the report.

Savannah, GA – 2025 Q1

The MarketCompass Lodging Report for Savannah, GA in 1Q 2025 indicates a moderate market performance. Savannah’s economy is rebounding, driven by government payrolls and a strong transportation/warehousing sector due to the Port of Savannah. However, the leisure/hospitality sectors face challenges. Tourism is vital, with anticipated new luxury hotel developments. Labor shortages pose a threat, requiring effective management by hotel operators to maintain service quality. The report analyzes key metrics, brand representation, investment rates/risks, air passenger throughput, CRE performance, and provides a forecast. It also ranks hotel classes and largest hotels. Click here to view a shortened preview of the report.

AsiaPac Shop

Premium Reports

Drawing on our diverse experience and research capabilities, Horwath HTL publishes a variety of studies that assist in analyzing today’s dynamic hotel and tourism markets.

Malaysia Annual Study 2025

Bold steps forward We are the global leader in hospitality, tourism and leisure consulting. Our focus is on strategic advisory and solutions across your whole business. We help ambitious clients achieve extraordinary outcomes. 2025 Malaysia Hotel Industry – Survey of OperationsCalendar Year 2024 Working with the Honorary Advisory Board and regional hotel associations, our annual surveys track the financial and operational performance of hotels in key markets across Asia Pacific. Providing a clear view of today’s dynamic landscape, the annual surveys are the only performance diagnostic tool of their type in the market. Using Uniform System of Accounts for the Lodging Industry, key data captured includes the following, by location and by rate category: Departmental Revenue & Expenses Undistributed Expenses Rooms Statistics – Inventory & Performance F&B Statistics – By Outlet Spa & Health Club Labour Statistics Productivity Statistics Business Mix Profile Reservation & Sales Statistics Nationality Profile A summary of the report can be viewed here: 2025 Malaysia Annual Study – Summary

Philippines Annual Study 2025

Bold steps forward We are the global leader in hospitality, tourism and leisure consulting. Our focus is on strategic advisory and solutions across your whole business. We help ambitious clients achieve extraordinary outcomes. 2025 Philippines Hotel Industry – Survey of OperationsCalendar Year 2024 Working with the Honorary Advisory Board and regional hotel associations, our annual surveys track the financial and operational performance of hotels in key markets across Asia Pacific. Providing a clear view of today’s dynamic landscape, the annual surveys are the only performance diagnostic tool of their type in the market. Using Uniform System of Accounts for the Lodging Industry, key data captured includes the following, by location and by rate category: Departmental Revenue & Expenses Undistributed Expenses Rooms Statistics – Inventory & Performance F&B Statistics – By Outlet Spa & Health Club Labour Statistics Productivity Statistics Business Mix Profile Reservation & Sales Statistics Nationality Profile A summary of the report can be viewed here: 2025 Philippines Annual Study – Summary

Vietnam Annual Study 2025

Bold steps forward We are the global leader in hospitality, tourism and leisure consulting. Our focus is on strategic advisory and solutions across your whole business. We help ambitious clients achieve extraordinary outcomes. 2025 Vietnam Hotel Industry – Survey of OperationsCalendar Year 2024 Working with the Honorary Advisory Board and regional hotel associations, our annual surveys track the financial and operational performance of hotels in key markets across Asia Pacific. Providing a clear view of today’s dynamic landscape, the annual surveys are the only performance diagnostic tool of their type in the market. Using Uniform System of Accounts for the Lodging Industry, key data captured includes the following, by location and by rate category: Departmental Revenue & Expenses Undistributed Expenses Rooms Statistics – Inventory & Performance F&B Statistics – By Outlet Spa & Health Club Labour Statistics Productivity Statistics Business Mix Profile Reservation & Sales Statistics Nationality Profile A summary of the report can be viewed here: 2025 Vietnam Annual Study – Summary

Singapore Annual Study 2025

Bold steps forward We are the global leader in hospitality, tourism and leisure consulting. Our focus is on strategic advisory and solutions across your whole business. We help ambitious clients achieve extraordinary outcomes. 2025 Singapore Hotel Industry – Survey of OperationsCalendar Year 2024 Working with the Honorary Advisory Board and regional hotel associations, our annual surveys track the financial and operational performance of hotels in key markets across Asia Pacific. Providing a clear view of today’s dynamic landscape, the annual surveys are the only performance diagnostic tool of their type in the market. Using Uniform System of Accounts for the Lodging Industry, key data captured includes the following, by location and by rate category: Departmental Revenue & Expenses Undistributed Expenses Rooms Statistics – Inventory & Performance F&B Statistics – By Outlet Spa & Health Club Labour Statistics Productivity Statistics Business Mix Profile Reservation & Sales Statistics Nationality Profile A summary of the report can be viewed here: 2025 Singapore Annual Study – Summary

Thailand Annual Study 2025

Bold steps forward We are the global leader in hospitality, tourism and leisure consulting. Our focus is on strategic advisory and solutions across your whole business. We help ambitious clients achieve extraordinary outcomes. 2025 Thailand Hotel Industry – Survey of OperationsCalendar Year 2024 Working with the Honorary Advisory Board and regional hotel associations, our annual surveys track the financial and operational performance of hotels in key markets across Asia Pacific. Providing a clear view of today’s dynamic landscape, the annual surveys are the only performance diagnostic tool of their type in the market. Using Uniform System of Accounts for the Lodging Industry, key data captured includes the following, by location and by rate category: Departmental Revenue & Expenses Undistributed Expenses Rooms Statistics – Inventory & Performance F&B Statistics – By Outlet Spa & Health Club Labour Statistics Productivity Statistics Business Mix Profile Reservation & Sales Statistics Nationality Profile A summary of the report can be viewed here: 2025 Thailand Annual Study – Summary

South Korea Annual Study 2025

Bold steps forward We are the global leader in hospitality, tourism and leisure consulting. Our focus is on strategic advisory and solutions across your whole business. We help ambitious clients achieve extraordinary outcomes. 2025 South Korea Hotel Industry – Survey of OperationsCalendar Year 2024 Working with the Honorary Advisory Board and regional hotel associations, our annual surveys track the financial and operational performance of hotels in key markets across Asia Pacific. Providing a clear view of today’s dynamic landscape, the annual surveys are the only performance diagnostic tool of their type in the market. Using Uniform System of Accounts for the Lodging Industry, key data captured includes the following, by location and by rate category: Departmental Revenue & Expenses Undistributed Expenses Rooms Statistics – Inventory & Performance F&B Statistics – By Outlet Spa & Health Club Labour Statistics Productivity Statistics Business Mix Profile Reservation & Sales Statistics Nationality Profile A summary of the report can be viewed here: 2025 South Korea Annual Study – Summary

Maldives Annual Study 2025

Bold steps forward We are the global leader in hospitality, tourism and leisure consulting. Our focus is on strategic advisory and solutions across your whole business. We help ambitious clients achieve extraordinary outcomes. 2025 Maldives Hotel Industry – Survey of OperationsCalendar Year 2024 Working with the Honorary Advisory Board and regional hotel associations, our annual surveys track the financial and operational performance of hotels in key markets across Asia Pacific. Providing a clear view of today’s dynamic landscape, the annual surveys are the only performance diagnostic tool of their type in the market. Using Uniform System of Accounts for the Lodging Industry, key data captured includes the following, by location and by rate category: Departmental Revenue & Expenses Undistributed Expenses Rooms Statistics – Inventory & Performance F&B Statistics – By Outlet Spa & Health Club Labour Statistics Productivity Statistics Business Mix Profile Reservation & Sales Statistics Nationality Profile A summary of the report can be viewed here: 2025 Maldives Annual Study – Summary

Indonesia Annual Study 2025

Bold steps forward We are the global leader in hospitality, tourism and leisure consulting. Our focus is on strategic advisory and solutions across your whole business. We help ambitious clients achieve extraordinary outcomes. 2025 Indonesia Hotel Industry – Survey of OperationsCalendar Year 2024 Working with the Honorary Advisory Board and regional hotel associations, our annual surveys track the financial and operational performance of hotels in key markets across Asia Pacific. Providing a clear view of today’s dynamic landscape, the annual surveys are the only performance diagnostic tool of their type in the market. Using Uniform System of Accounts for the Lodging Industry, key data captured includes the following, by location and by rate category: Departmental Revenue & Expenses Undistributed Expenses Rooms Statistics – Inventory & Performance F&B Statistics – By Outlet Spa & Health Club Labour Statistics Productivity Statistics Business Mix Profile Reservation & Sales Statistics Nationality Profile A summary of the report can be viewed here: 2025 Indonesia Annual Study Summary

Events

Annual Hospitality Conference

29th September – 30th September 2025

Where UK hospitality unites to unlock investment, insight and opportunity 29 – 30 September 2025 Manchester Central Convention Complex, UK

Manchester Central Convention Complex, UK

EXPO REAL

6th October – 8th October 2025

Welcome to EXPO REAL EXPO REAL is the most important trade fair for the real estate industry and therefore offers a fully comprehensive overview of developments, topics, innovations and solutions in the real estate industry. In this way, it provides the necessary orientation in a time of upheaval.

Munich Messe

HICAP

22nd October – 24th October 2025

HICAP has been Asia Pacific’s Essential Hotel Conference for 35 Years For 35 years, HICAP has been the unequaled annual gathering place for Asia-Pacific’s hotel investment community, attracting the most influential owners, developers, lenders, executives, and professional advisors from around the globe. Whether you are looking to make new contacts, strengthen existing relationships, learn or orchestrate a deal, HICAP is the event to attend. CONNECT WITH THE PEOPLE WHO REALLY MATTER AT HICAP Meet the key players in the industry. HICAP draws internationally influential decision-makers, experienced advisors and specialists, and industry pundits: Investors • Owners • Developers • Hotel Chain & Management Companies • Investment Bankers • Lenders • Advisors & Intermediaries • Architects & Designers • Government Tourism Officials • Media

Swissotel Singapore