Crystal Liu

Director, Beijing, China

Ms Liu is a Director in the Beijing office.

Report

Australia Key Markets Hotel Market Outlook – Q2 2026

The data as published in the report is based on the economic forecast by Deloitte Access Economics for the June 2026 quarter, historical hotel performance from STR as of June 2026, as well as historical tourism data available as of March 2026, including forecasted domestic and international visitation from Tourism Research Australia (TRA) as at December 2025, which has been adjusted by Horwath HTL.

Damien Little
Damien Little
Director, Australia
Report
Viewpoint

From ambition to evidence: turning Hotel Asset Management & ESG data into value creation

This report is tailored specifically for strategic advisors, institutional investors, developers, and key stakeholders across the hospitality, tourism, and real estate sectors. It delivers actionable market intelligence, performance benchmarks, and pipeline analysis designed to guide high-level capital deployment, asset positioning, and strategic decision-making throughout the region.

Alex Smith
Alex Smith
Partner, EMEA

Management Contracts – the challenge of balance

Hotel management agreements are often presented as balanced partnerships, but a closer read reveals an asymmetry of control, risk, and liability that increasingly favours the Operator over the Owner. This white paper examines that imbalance across four critical fronts – data security liability, performance test rigidity, contract duration and sunset rights, and brand proliferation – drawing on decades of industry experience and evolving market and legal realities. It argues that as HMAs face new pressures from data privacy legislation and shifting market conditions, both existing and future agreements must be renegotiated to restore genuine balance between Owner and Operator.

Vijay Thacker
Vijay Thacker
Managing Director, India
Report

Mexico hotel industry report 2025: Market intelligence, hotel supply, and pipeline analysis

This report is tailored specifically for strategic advisors, institutional investors, developers, and key stakeholders across the hospitality, tourism, and real estate sectors. Horwath HTL delivers actionable market intelligence, performance benchmarks, and pipeline analysis designed to guide high-level capital deployment, asset positioning, and strategic decision-making throughout Mexico.

Fabián Sánchez
Fabián Sánchez
Managing Director, Mexico
Viewpoint

Beyond the spa: The commercial and investor guide to NZ hotel wellness

This report provides commercial intelligence tailored specifically for hotel investors, asset managers, and operators across New Zealand. It delivers market data, P&L economics, and a structured decision-making framework to guide capital deployment, asset positioning, and wellness amenity integration.

Douglas Drummond
Douglas Drummond
Director – Tourism and Leisure, New Zealand
Viewpoint

From Heritage to Headline Sector: The Rise of Spa Hotels & Resorts in the Baltic States

This report is tailored specifically for strategic advisors, institutional investors, developers, and key stakeholders across the hospitality, tourism, and real estate sectors. It delivers actionable market intelligence, performance benchmarks, and pipeline analysis designed to guide high-level capital deployment, asset positioning, and strategic decision-making throughout the Baltic region.

Arvydas Balčiūnas
Arvydas Balčiūnas
Managing Director, Lithuania