Crystal Liu

Director, Beijing, China

Ms Liu is a Director in the Beijing office.

Viewpoint

One Hotel, Two Realities

For decades, a hotel’s value was explained mainly by three factors: location, category, and operating results. Although these elements remain fundamental, the reality of today’s hotel market is far more complex. The growing sophistication of investors and the professionalization of investment processes have significantly changed the criteria used to evaluate opportunities in the sector.

Antoni Cuadrada
Antoni Cuadrada
Senior Advisor, Spain
Viewpoint

A New Exchange Rate Reality

Following the 12 April 2026 general election, in which Péter Magyar’s Tisza party swept Viktor Orbán’s Fidesz from office after sixteen years in power, the Hungarian forint has staged one of its sharpest and most sustained rallies in over two decades. The EUR/HUF exchange rate — the number of forints required to buy one euro — has moved from around 395–400 in the first quarter of 2026 to the mid-350s by late June: an appreciation of roughly 10–15% depending on the reference point, taking the forint to its strongest level against the euro in nearly five years

Attila Radvánszki
Attila Radvánszki
Partner, Hungary
Viewpoint

Emerging Technology & Wellness

Horwath HTL NZ recently presented at the 2026 Design Inn Symposium in Adelaide, a partnered event with the Asia Pacific Hotel Industry Conference & Exhibition. This provided a timely opportunity to explore the intersection of wellness and technology, and to consider how emerging innovations are shaping the future of hospitality design, guest experience, and human wellbeing.

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

How Asia Pacific is defining the future of luxury outdoor lodging

For a long time, luxury was about having more – more layers in the plush bed, more entertainment in the itinerary, more Michelin-starred dinners, more dedicated attention. The new luxury? It is more of less, and more of what cannot be bought or owned.

Shyn Yee Ho
Shyn Yee Ho
Director, Singapore
Viewpoint

Beyond hospitality: the Resort as economic engine

The next generation of island destination communities must be underwritten as integrated economic platforms — not as hotels with real estate attached. The next great island resort will not be judged only as a resort. It will be judged as economic infrastructure.

Bryan Younge
Bryan Younge
Managing Partner, USA
Report

Czechia Hotel & Chains Report 2026

This comprehensive data-driven analysis tracks the rapid transformation of the Czech hospitality real estate market through 2026. Explore the core macroeconomic indicators, shifting inbound tourism demand patterns, institutional CEE hotel transaction volumes, and evolving branded chain penetration rates defining Prague and the broader regional luxury wellness resort sub-markets

Liliane Otsuka
Liliane Otsuka
Consultant, Austria