{"id":45778,"date":"2024-10-07T05:47:38","date_gmt":"2024-10-07T05:47:38","guid":{"rendered":"https:\/\/horwathhtl.com\/insights\/"},"modified":"2025-12-13T18:57:16","modified_gmt":"2025-12-13T18:57:16","slug":"insights","status":"publish","type":"page","link":"https:\/\/horwathhtl.com\/pt-br\/insights\/","title":{"rendered":"Insights"},"content":{"rendered":"<div style=\"--hhtl-padding-x: 6; --hhtl-padding-top: 12; --hhtl-padding-bottom: 6;\" class=\"hhtl-section-intro hhtl-section-intro-half flex hhtl-margin hhtl-padding\">\n  <div class=\"w-full\" >\n        <div style=\" text-align: start;\">\n                  <h3 class=\"text-hhtl-neutral-500 hhtl-animate-global-top\">Insights<\/h3>\n                      <h1 class=\"text-hhtl-indigo-light hhtl-animate-global-top hhtl-animate-global-delay-1\">Pontos de vista com impacto<\/h1>\n                      <div class=\"text-hhtl-neutral-600\">\n              <p class=\"b1 hhtl-animate-global-top hhtl-animate-global-delay-2\">Conhe\u00e7a as \u00faltimas pesquisas, an\u00e1lises do setor, MarketCompass e relat\u00f3rios de mercado premium.<\/p>            <\/div>\n              <\/div>\n  <\/div>\n<\/div><div style=\"--hhtl-padding-top: 0; --hhtl-padding-bottom: 2;\" class=\"hhtl-links hhtl-padding\">\n  <div>\n        <div style=\"--hhtl-padding-top: 0; --hhtl-padding-bottom: 0; --hhtl-padding-left: 6; --hhtl-padding-right: 4;\" class=\"hhtl-padding\">\n            <div class=\"flex items-center hhtl-animate-global-top hhtl-links-align-left\">\n                    <div style=\"--hhtl-margin-right: 1; --hhtl-margin-bottom: 0;\" class=\"hhtl-margin hhtl-links-label hhtl-links-label-font-normal hhtl-links-label-large\">Pular para<\/div>\n                        <div class=\"flex items-center hhtl-links-items\">\n              <a href=\"#insights-viewpoints\" class=\"hhtl-links-item-button hhtl-links-item-small\">Pontos de vista<\/a><a href=\"#insights-reports\" class=\"hhtl-links-item-button hhtl-links-item-small\">Relat\u00f3rios<\/a><a href=\"#shop-marketcompass\" class=\"hhtl-links-item-button hhtl-links-item-small\">MarketCompass<\/a><a href=\"#shop-asiapac\" class=\"hhtl-links-item-button hhtl-links-item-small\">AsiaPac Market Reports<\/a><a href=\"#events\" class=\"hhtl-links-item-button hhtl-links-item-small\">Events<\/a>            <\/div>\n                  <\/div>\n          <\/div>\n  <\/div>\n<\/div><div style=\"--hhtl-padding-top: 4; --hhtl-padding-bottom: 4; --hhtl-padding-x: 6;\" class=\"hhtl-insights-recommended hhtl-padding\">\n  <div>\n        <div>\n                  <h1 style=\"--hhtl-margin-y: 0;\" class=\"text-hhtl-indigo-light hhtl-animate-global-top hhtl-animate-global-delay-0\">Tend\u00eancias  <\/h1>\n              <\/div>\n              <div style=\"--hhtl-margin-top: 6;\" class=\"grid grid-cols-1 md:grid-cols-4 hhtl-margin\">\n            <div style=\"--hhtl-min-height: 40;\" class=\"md:col-span-3 hhtl-min-height relative\">\n                                <div data-id=\"43064\" style=\"background-image: url('https:\/\/horwathhtl.com\/wp-content\/uploads\/2025\/10\/dach-region-report-2025.jpg');\" class=\"hhtl-insights-recommended-insight-image absolute inset-0 bg-cover bg-center active\"><\/div>\n                                    <div data-id=\"41121\" style=\"background-image: url('https:\/\/horwathhtl.com\/wp-content\/uploads\/2025\/09\/saleh-1DQkdJbRHhE-unsplash-scaled.jpg');\" class=\"hhtl-insights-recommended-insight-image absolute inset-0 bg-cover bg-center\"><\/div>\n                                    <div data-id=\"40996\" style=\"background-image: url('https:\/\/horwathhtl.com\/wp-content\/uploads\/2025\/08\/umair-dingmar-GAr-D2OQPxQ-unsplash.jpg');\" class=\"hhtl-insights-recommended-insight-image absolute inset-0 bg-cover bg-center\"><\/div>\n                                    <div data-id=\"8071\" style=\"background-image: url('https:\/\/horwathhtl.com\/wp-content\/uploads\/2024\/10\/getty-images-Sn4tfD6x_v8-unsplash-e1736786221872.jpg');\" class=\"hhtl-insights-recommended-insight-image absolute inset-0 bg-cover bg-center\"><\/div>\n                                    <div data-id=\"43263\" style=\"background-image: url('https:\/\/horwathhtl.com\/wp-content\/uploads\/2025\/10\/alexandre-brondino-8l36KcM8_do-unsplash-scaled-e1759851400277.jpg');\" class=\"hhtl-insights-recommended-insight-image absolute inset-0 bg-cover bg-center\"><\/div>\n                                    <div data-id=\"39783\" style=\"background-image: url('https:\/\/horwathhtl.com\/wp-content\/uploads\/2025\/07\/uk_edinburgh_forth-bridge-1500x1200-1-scaled.jpg');\" class=\"hhtl-insights-recommended-insight-image absolute inset-0 bg-cover bg-center\"><\/div>\n                                    <div data-id=\"40182\" style=\"background-image: url('https:\/\/horwathhtl.com\/wp-content\/uploads\/2025\/08\/mauricio-guardiano-dC38lL2bBTQ-unsplash-scaled.jpg');\" class=\"hhtl-insights-recommended-insight-image absolute inset-0 bg-cover bg-center\"><\/div>\n                              <\/div>\n            <div>\n              <div style=\"grid-template-columns: auto minmax(0, 1fr);\" class=\"grid\">\n                                    <a data-id=\"43064\" href=\"https:\/\/horwathhtl.com\/publication\/dach-region-hotels-chains-report-2025\/\" class=\"hhtl-insights-recommended-insight contents active\">\n                      <div style=\"--hhtl-padding-x: 2;\" class=\"hhtl-padding border-b border-b-hhtl-neutral-50\">\n                        <h3>1<\/h3>\n                      <\/div>\n                      <div style=\"--hhtl-padding-x: 1;\" class=\"hhtl-padding border-b border-b-hhtl-neutral-50\">\n                        <div class=\"flex flex-wrap\">\n                                                            <div style=\"background-color: #0050ad; color: #ffffff; --hhtl-padding-x: 0.75; --hhtl-padding-y: 0.25; --hhtl-margin-right: 0.75; --hhtl-margin-bottom: 0.75\" class=\"hhtl-padding hhtl-margin caption rounded-md cursor-pointer\">\n                                    Report                                  <\/div>\n                                                                  <div style=\"background-color: #b14fc5; color: #ffffff; --hhtl-padding-x: 0.75; --hhtl-padding-y: 0.25; --hhtl-margin-right: 0.75; --hhtl-margin-bottom: 0.75\" class=\"hhtl-padding hhtl-margin caption rounded-md cursor-pointer\">\n                                    Viewpoint                                  <\/div>\n                                                        <\/div>\n                        <p class=\"font-bold\">DACH Region Hotels &amp; Chains Report 2025<\/p>\n                      <\/div>\n                    <\/a>\n                                        <a data-id=\"41121\" href=\"https:\/\/horwathhtl.com\/insight\/lenders-pick-the-winners-in-the-uk-hotel-market\/\" class=\"hhtl-insights-recommended-insight contents\">\n                      <div style=\"--hhtl-padding-x: 2;\" class=\"hhtl-padding border-b border-b-hhtl-neutral-50\">\n                        <h3>2<\/h3>\n                      <\/div>\n                      <div style=\"--hhtl-padding-x: 1;\" class=\"hhtl-padding border-b border-b-hhtl-neutral-50\">\n                        <div class=\"flex flex-wrap\">\n                                                            <div style=\"background-color: #b14fc5; color: #ffffff; --hhtl-padding-x: 0.75; --hhtl-padding-y: 0.25; --hhtl-margin-right: 0.75; --hhtl-margin-bottom: 0.75\" class=\"hhtl-padding hhtl-margin caption rounded-md cursor-pointer\">\n                                    Viewpoint                                  <\/div>\n                                                        <\/div>\n                        <p class=\"font-bold\">Lenders pick the winners in the UK hotel market<\/p>\n                      <\/div>\n                    <\/a>\n                                        <a data-id=\"40996\" href=\"https:\/\/horwathhtl.com\/insight\/smart-exposure-optimising-hotel-market-combinations-for-returns-stability-and-balance\/\" class=\"hhtl-insights-recommended-insight contents\">\n                      <div style=\"--hhtl-padding-x: 2;\" class=\"hhtl-padding border-b border-b-hhtl-neutral-50\">\n                        <h3>3<\/h3>\n                      <\/div>\n                      <div style=\"--hhtl-padding-x: 1;\" class=\"hhtl-padding border-b border-b-hhtl-neutral-50\">\n                        <div class=\"flex flex-wrap\">\n                                                            <div style=\"background-color: #b14fc5; color: #ffffff; --hhtl-padding-x: 0.75; --hhtl-padding-y: 0.25; --hhtl-margin-right: 0.75; --hhtl-margin-bottom: 0.75\" class=\"hhtl-padding hhtl-margin caption rounded-md cursor-pointer\">\n                                    Viewpoint                                  <\/div>\n                                                        <\/div>\n                        <p class=\"font-bold\">Smart exposure: optimising hotel market combinations for returns, stability and balance\u00a0<\/p>\n                      <\/div>\n                    <\/a>\n                                        <a data-id=\"8071\" href=\"https:\/\/horwathhtl.com\/insight\/the-short-term-rental-market-summary\/\" class=\"hhtl-insights-recommended-insight contents\">\n                      <div style=\"--hhtl-padding-x: 2;\" class=\"hhtl-padding border-b border-b-hhtl-neutral-50\">\n                        <h3>4<\/h3>\n                      <\/div>\n                      <div style=\"--hhtl-padding-x: 1;\" class=\"hhtl-padding border-b border-b-hhtl-neutral-50\">\n                        <div class=\"flex flex-wrap\">\n                                                            <div style=\"background-color: #0050ad; color: #ffffff; --hhtl-padding-x: 0.75; --hhtl-padding-y: 0.25; --hhtl-margin-right: 0.75; --hhtl-margin-bottom: 0.75\" class=\"hhtl-padding hhtl-margin caption rounded-md cursor-pointer\">\n                                    Report                                  <\/div>\n                                                        <\/div>\n                        <p class=\"font-bold\">The Short-Term Rental Market: The Outlook<\/p>\n                      <\/div>\n                    <\/a>\n                                        <a data-id=\"43263\" href=\"https:\/\/horwathhtl.com\/publication\/ireland-hospitality-tourism-leisure-market-update-2\/\" class=\"hhtl-insights-recommended-insight contents\">\n                      <div style=\"--hhtl-padding-x: 2;\" class=\"hhtl-padding border-b border-b-hhtl-neutral-50\">\n                        <h3>5<\/h3>\n                      <\/div>\n                      <div style=\"--hhtl-padding-x: 1;\" class=\"hhtl-padding border-b border-b-hhtl-neutral-50\">\n                        <div class=\"flex flex-wrap\">\n                                                            <div style=\"background-color: #b14fc5; color: #ffffff; --hhtl-padding-x: 0.75; --hhtl-padding-y: 0.25; --hhtl-margin-right: 0.75; --hhtl-margin-bottom: 0.75\" class=\"hhtl-padding hhtl-margin caption rounded-md cursor-pointer\">\n                                    Viewpoint                                  <\/div>\n                                                                  <div style=\"background-color: #0050ad; color: #ffffff; --hhtl-padding-x: 0.75; --hhtl-padding-y: 0.25; --hhtl-margin-right: 0.75; --hhtl-margin-bottom: 0.75\" class=\"hhtl-padding hhtl-margin caption rounded-md cursor-pointer\">\n                                    Report                                  <\/div>\n                                                        <\/div>\n                        <p class=\"font-bold\">Ireland Hospitality, Tourism &amp; Leisure Market Update<\/p>\n                      <\/div>\n                    <\/a>\n                                        <a data-id=\"39783\" href=\"https:\/\/horwathhtl.com\/insight\/the-shifting-fundamentals-of-the-uk-hotel-market\/\" class=\"hhtl-insights-recommended-insight contents\">\n                      <div style=\"--hhtl-padding-x: 2;\" class=\"hhtl-padding border-b border-b-hhtl-neutral-50\">\n                        <h3>6<\/h3>\n                      <\/div>\n                      <div style=\"--hhtl-padding-x: 1;\" class=\"hhtl-padding border-b border-b-hhtl-neutral-50\">\n                        <div class=\"flex flex-wrap\">\n                                                            <div style=\"background-color: #b14fc5; color: #ffffff; --hhtl-padding-x: 0.75; --hhtl-padding-y: 0.25; --hhtl-margin-right: 0.75; --hhtl-margin-bottom: 0.75\" class=\"hhtl-padding hhtl-margin caption rounded-md cursor-pointer\">\n                                    Viewpoint                                  <\/div>\n                                                        <\/div>\n                        <p class=\"font-bold\">The shifting fundamentals of the UK hotel market<\/p>\n                      <\/div>\n                    <\/a>\n                                        <a data-id=\"40182\" href=\"https:\/\/horwathhtl.com\/insight\/the-fragility-of-tourism-destinations-and-the-importance-of-a-resilient-mix\/\" class=\"hhtl-insights-recommended-insight contents\">\n                      <div style=\"--hhtl-padding-x: 2;\" class=\"hhtl-padding border-b border-b-hhtl-neutral-50\">\n                        <h3>7<\/h3>\n                      <\/div>\n                      <div style=\"--hhtl-padding-x: 1;\" class=\"hhtl-padding border-b border-b-hhtl-neutral-50\">\n                        <div class=\"flex flex-wrap\">\n                                                            <div style=\"background-color: #b14fc5; color: #ffffff; --hhtl-padding-x: 0.75; --hhtl-padding-y: 0.25; --hhtl-margin-right: 0.75; --hhtl-margin-bottom: 0.75\" class=\"hhtl-padding hhtl-margin caption rounded-md cursor-pointer\">\n                                    Viewpoint                                  <\/div>\n                                                        <\/div>\n                        <p class=\"font-bold\">The fragility of tourism destinations and the importance of a resilient mix\u00a0<\/p>\n                      <\/div>\n                    <\/a>\n                                  <\/div>\n            <\/div>\n          <\/div>\n          <\/div>\n<\/div>\n    <div style=\"--hhtl-padding-top: 0; --hhtl-padding-bottom: 10;\" class=\"hhtl-padding hhtl-insights-grid\">\n      <div id=\"insights-viewpoints\" >\n        <input type=\"hidden\" name=\"hhtl-random-seed\" value=\"47\" \/>\n        <input type=\"hidden\" name=\"hhtl-no-of-posts\" value=\"5\" \/>\n        <input type=\"hidden\" name=\"hhtl-load-more-page-size\" value=\"\" \/>\n        <input type=\"hidden\" name=\"hhtl-no-of-columns\" value=\"3\" \/>\n        <input type=\"hidden\" name=\"hhtl-sort-by\" value=\"post_date\" \/>\n        <input type=\"hidden\" name=\"hhtl-sort-order\" value=\"desc\" \/>\n        <input type=\"hidden\" name=\"hhtl-offices-include-local-offices\" value=\"1\" \/>\n        <input type=\"hidden\" name=\"hhtl-current-office-location\" value=\"\" \/>\n                      <input type=\"hidden\" name=\"hhtl-filters-types\" value=\"[131]\" \/>\n                <div style=\"--hhtl-padding-x: 6;\" class=\"flex hhtl-animate-global-top hhtl-back-to-top hhtl-back-to-top-left hhtl-padding\">\n      <a href=\"#hhtl-back-to-top\" class=\"flex items-center\">\n        <svg style=\"--hhtl-height: 0.8;\" class=\"hhtl-size hhtl-back-to-top-arrow\" viewBox=\"0 0 16 16\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n          <path d=\"M9 3L8.285 3.6965L12.075 7.5H2V8.5H12.075L8.285 12.2865L9 13L14 8L9 3Z\" \/>\n        <\/svg>\n        Back to top      <\/a>\n    <\/div>\n                  <div style=\"--hhtl-padding-x: 6;\" class=\"hhtl-padding\">\n                                      <h1 style=\"--hhtl-margin-y: 0;\" class=\"text-hhtl-indigo-light hhtl-animate-global-top hhtl-animate-global-delay-0\">Pontos de vista<\/h1>\n                                  <\/div>\n                                  <div style=\"--hhtl-margin-top: 6; --hhtl-margin-y: 0; --hhtl-padding-x: 6; --hhtl-padding-bottom: 1.25; --hhtl-grid-gap: 1.25;\" class=\"hhtl-insights-grid-items hhtl-insights-grid-items-3 hhtl-margin hhtl-padding hhtl-grid-gap grid grid-cols-[repeat(var(--no-of-cols,_4),_minmax(0,_1fr))]\">\n                    <a href=\"https:\/\/horwathhtl.com\/pt-br\/insight\/beyond-the-spa-the-commercial-and-investor-guide-to-nz-hotel-wellness\/\" style=\"--hhtl-grid-gap: 0;\" class=\"hhtl-insights-grid-item-col-span-2 hhtl-insights-grid-item no-underline hhtl-grid-gap grid grid-rows-subgrid row-span-4 hhtl-animate-global-top hhtl-animate-global-delay-1\">\n      <div style=\"grid-area: 1 \/ 1 \/ 5 \/ 2;\" class=\"bg-white\"><\/div>\n      <div style=\"grid-area: 1 \/ 1 \/ 3 \/ 2\">\n        <div class=\"relative overflow-hidden hhtl-insights-grid-image-container\">\n          <div style=\"background-image: url('https:\/\/horwathhtl.com\/wp-content\/uploads\/2026\/08\/Douglas-at-AHICE-PResentation-1024x683.webp');\" class=\"absolute inset-0 bg-cover bg-center hhtl-insights-grid-image\"><\/div>\n                        <div style=\"--hhtl-padding-x: 1; --hhtl-padding-top: 1;\" class=\"absolute hhtl-padding flex w-full\">\n                                      <div style=\"background-color: #b14fc5; color: #ffffff; --hhtl-padding-x: 0.4; --hhtl-padding-y: 0.2; --hhtl-margin-top: 0; --hhtl-margin-left: 0.6;\" class=\"h-fit hhtl-padding hhtl-margin rounded caption\">\n                        Viewpoint                      <\/div>\n                                  <\/div>\n                      <\/div>\n        <h3 style=\"grid-area: 2 \/ 1 \/ 3 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"text-hhtl-indigo hhtl-padding hhtl-margin\">Beyond the spa: The commercial and investor guide to NZ hotel wellness<\/h3>\n      <\/div>\n      <div style=\"grid-area: 3 \/ 1 \/ 4 \/ 2; --hhtl-padding-x: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding\">\n        <p class=\"line-clamp-3 caption font-light\">\n          This report provides commercial intelligence tailored specifically for hotel investors, asset managers, and operators across New Zealand. It delivers market data, P&amp;L economics, and a structured decision-making framework to guide capital deployment, asset positioning, and wellness amenity integration.         <\/p>\n      <\/div>\n      <div style=\"grid-area: 4 \/ 1 \/ 5 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding hhtl-margin\">\n                    <div style=\"--hhtl-margin-top: 2; --hhtl-margin-bottom: 1;\" class=\"flex items-center hhtl-margin\">\n              <img decoding=\"async\" style=\"--hhtl-width: 2.5; --hhtl-margin-top: 0; --hhtl-margin-bottom: 0; --hhtl-margin-right: 1;\" class=\"hhtl-size hhtl-margin\" src=\"https:\/\/horwathhtl.com\/wp-content\/uploads\/2025\/10\/douglas-drummond-profile-image.png\" alt=\"Douglas Drummond\" \/>\n              <div class=\"caption\">\n                <div>Douglas Drummond<\/div>\n                                      <div class=\"font-normal\">\n                        Director \u2013 Tourism and Leisure, New Zealand                      <\/div>\n                                  <\/div>\n            <\/div>\n                  <\/div>\n    <\/a>\n      <a href=\"https:\/\/horwathhtl.com\/pt-br\/insight\/from-heritage-to-headline-sector-the-rise-of-spa-hotels-resorts-in-the-baltic-states\/\" style=\"--hhtl-grid-gap: 0;\" class=\"hhtl-insights-grid-item no-underline hhtl-grid-gap grid grid-rows-subgrid row-span-4 hhtl-animate-global-top hhtl-animate-global-delay-2\">\n      <div style=\"grid-area: 1 \/ 1 \/ 5 \/ 2;\" class=\"bg-white\"><\/div>\n      <div style=\"grid-area: 1 \/ 1 \/ 3 \/ 2\">\n        <div class=\"relative overflow-hidden hhtl-insights-grid-image-container\">\n          <div style=\"background-image: url('https:\/\/horwathhtl.com\/wp-content\/uploads\/2026\/08\/Baltic-spa-1024x683.jpg');\" class=\"absolute inset-0 bg-cover bg-center hhtl-insights-grid-image\"><\/div>\n                        <div style=\"--hhtl-padding-x: 1; --hhtl-padding-top: 1;\" class=\"absolute hhtl-padding flex w-full\">\n                                      <div style=\"background-color: #b14fc5; color: #ffffff; --hhtl-padding-x: 0.4; --hhtl-padding-y: 0.2; --hhtl-margin-top: 0; --hhtl-margin-left: 0.6;\" class=\"h-fit hhtl-padding hhtl-margin rounded caption\">\n                        Viewpoint                      <\/div>\n                                  <\/div>\n                      <\/div>\n        <h3 style=\"grid-area: 2 \/ 1 \/ 3 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"text-hhtl-indigo hhtl-padding hhtl-margin\">From Heritage to Headline Sector: The Rise of Spa Hotels &amp; Resorts in the Baltic States<\/h3>\n      <\/div>\n      <div style=\"grid-area: 3 \/ 1 \/ 4 \/ 2; --hhtl-padding-x: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding\">\n        <p class=\"line-clamp-3 caption font-light\">\n          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.        <\/p>\n      <\/div>\n      <div style=\"grid-area: 4 \/ 1 \/ 5 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding hhtl-margin\">\n                    <div style=\"--hhtl-margin-top: 2; --hhtl-margin-bottom: 1;\" class=\"flex items-center hhtl-margin\">\n              <img decoding=\"async\" style=\"--hhtl-width: 2.5; --hhtl-margin-top: 0; --hhtl-margin-bottom: 0; --hhtl-margin-right: 1;\" class=\"hhtl-size hhtl-margin\" src=\"https:\/\/horwathhtl.com\/wp-content\/uploads\/2025\/02\/Arvydas-Balciunas-profile.png\" alt=\"Arvydas Bal\u010di\u016bnas\" \/>\n              <div class=\"caption\">\n                <div>Arvydas Bal\u010di\u016bnas<\/div>\n                                      <div class=\"font-normal\">\n                        Managing Director, Lithuania                      <\/div>\n                                  <\/div>\n            <\/div>\n                  <\/div>\n    <\/a>\n      <a href=\"https:\/\/horwathhtl.com\/pt-br\/insight\/why-generic-eco-friendly-hotel-claims-are-about-to-become-a-major-legal-financial-risk\/\" style=\"--hhtl-grid-gap: 0;\" class=\"hhtl-insights-grid-item no-underline hhtl-grid-gap grid grid-rows-subgrid row-span-4 hhtl-animate-global-top hhtl-animate-global-delay-3\">\n      <div style=\"grid-area: 1 \/ 1 \/ 5 \/ 2;\" class=\"bg-white\"><\/div>\n      <div style=\"grid-area: 1 \/ 1 \/ 3 \/ 2\">\n        <div class=\"relative overflow-hidden hhtl-insights-grid-image-container\">\n          <div style=\"background-image: url('https:\/\/horwathhtl.com\/wp-content\/uploads\/2026\/08\/EU-Directive-1024x683.jpg');\" class=\"absolute inset-0 bg-cover bg-center hhtl-insights-grid-image\"><\/div>\n                        <div style=\"--hhtl-padding-x: 1; --hhtl-padding-top: 1;\" class=\"absolute hhtl-padding flex w-full\">\n                                      <div style=\"background-color: #b14fc5; color: #ffffff; --hhtl-padding-x: 0.4; --hhtl-padding-y: 0.2; --hhtl-margin-top: 0; --hhtl-margin-left: 0.6;\" class=\"h-fit hhtl-padding hhtl-margin rounded caption\">\n                        Viewpoint                      <\/div>\n                                  <\/div>\n                      <\/div>\n        <h3 style=\"grid-area: 2 \/ 1 \/ 3 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"text-hhtl-indigo hhtl-padding hhtl-margin\">Why generic &#8220;Eco-Friendly&#8221; Hotel claims Are About to Become a major legal &amp; financial risk<\/h3>\n      <\/div>\n      <div style=\"grid-area: 3 \/ 1 \/ 4 \/ 2; --hhtl-padding-x: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding\">\n        <p class=\"line-clamp-3 caption font-light\">\n          Generic &#8220;Eco-Friendly&#8221; Hotel claims are about to become a major legal &#038; financial risk.\r\n\r\nStarting September 2026, EU Directive 2024\/825 establishes strict consumer protection standards prohibiting generic green claims, unverified self-badges, and carbon-offset neutral statements. Applying globally to any operator targeting EU consumers, this guide decodes what hoteliers can legally say &#8211; and the verified data infrastructure required to back it up.        <\/p>\n      <\/div>\n      <div style=\"grid-area: 4 \/ 1 \/ 5 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding hhtl-margin\">\n                    <div style=\"--hhtl-margin-top: 2; --hhtl-margin-bottom: 1;\" class=\"flex items-center hhtl-margin\">\n              <img decoding=\"async\" style=\"--hhtl-width: 2.5; --hhtl-margin-top: 0; --hhtl-margin-bottom: 0; --hhtl-margin-right: 1;\" class=\"hhtl-size hhtl-margin\" src=\"https:\/\/horwathhtl.com\/wp-content\/uploads\/2025\/03\/Profile-Image_Alex-smith.png\" alt=\"Alex Smith\" \/>\n              <div class=\"caption\">\n                <div>Alex Smith<\/div>\n                                      <div class=\"font-normal\">\n                        Partner                      <\/div>\n                                  <\/div>\n            <\/div>\n                  <\/div>\n    <\/a>\n      <a href=\"https:\/\/horwathhtl.com\/pt-br\/insight\/switzerland-a-model-of-success-between-prosperity-and-new-challenges\/\" style=\"--hhtl-grid-gap: 0;\" class=\"hhtl-insights-grid-item no-underline hhtl-grid-gap grid grid-rows-subgrid row-span-4 hhtl-animate-global-top hhtl-animate-global-delay-1\">\n      <div style=\"grid-area: 1 \/ 1 \/ 5 \/ 2;\" class=\"bg-white\"><\/div>\n      <div style=\"grid-area: 1 \/ 1 \/ 3 \/ 2\">\n        <div class=\"relative overflow-hidden hhtl-insights-grid-image-container\">\n          <div style=\"background-image: url('https:\/\/horwathhtl.com\/wp-content\/uploads\/2026\/07\/iStock-2216868798-e1784830000222-1024x848.jpg');\" class=\"absolute inset-0 bg-cover bg-center hhtl-insights-grid-image\"><\/div>\n                        <div style=\"--hhtl-padding-x: 1; --hhtl-padding-top: 1;\" class=\"absolute hhtl-padding flex w-full\">\n                                      <div style=\"background-color: #b14fc5; color: #ffffff; --hhtl-padding-x: 0.4; --hhtl-padding-y: 0.2; --hhtl-margin-top: 0; --hhtl-margin-left: 0.6;\" class=\"h-fit hhtl-padding hhtl-margin rounded caption\">\n                        Viewpoint                      <\/div>\n                                  <\/div>\n                      <\/div>\n        <h3 style=\"grid-area: 2 \/ 1 \/ 3 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"text-hhtl-indigo hhtl-padding hhtl-margin\">Record overnight stays, rising prices, mounting challenges.<\/h3>\n      <\/div>\n      <div style=\"grid-area: 3 \/ 1 \/ 4 \/ 2; --hhtl-padding-x: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding\">\n        <p class=\"line-clamp-3 caption font-light\">\n          What&#8217;s really behind Switzerland&#8217;s tourism boom \u2014 and what could disrupt it. 2025 was the most successful year on record for Swiss tourism, with overnight stays up 2.6 per cent to 43.93 million. But behind the headline figures lies an industry navigating geopolitical volatility, a domestic-international demand shift, structural challenges in hotel financing, and a widening gap between luxury and mid-market positioning. Andrea J\u00f6rger, Managing Partner of Horwath HTL Switzerland, shares his perspective on where the opportunities \u2014 and risks \u2014 lie        <\/p>\n      <\/div>\n      <div style=\"grid-area: 4 \/ 1 \/ 5 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding hhtl-margin\">\n                    <div style=\"--hhtl-margin-top: 2; --hhtl-margin-bottom: 1;\" class=\"flex items-center hhtl-margin\">\n              <img decoding=\"async\" style=\"--hhtl-width: 2.5; --hhtl-margin-top: 0; --hhtl-margin-bottom: 0; --hhtl-margin-right: 1;\" class=\"hhtl-size hhtl-margin\" src=\"https:\/\/horwathhtl.com\/wp-content\/uploads\/2024\/09\/Katja-Freudling-1.png\" alt=\"Katja Freudling\" \/>\n              <div class=\"caption\">\n                <div>Katja Freudling<\/div>\n                                      <div class=\"font-normal\">\n                        Consultant, Germany                      <\/div>\n                                  <\/div>\n            <\/div>\n                  <\/div>\n    <\/a>\n      <a href=\"https:\/\/horwathhtl.com\/pt-br\/insight\/the-hidden-erosion-of-value-how-third-party-delivery-is-quietly-reshaping-hotel-profitability\/\" style=\"--hhtl-grid-gap: 0;\" class=\"hhtl-insights-grid-item no-underline hhtl-grid-gap grid grid-rows-subgrid row-span-4 hhtl-animate-global-top hhtl-animate-global-delay-2\">\n      <div style=\"grid-area: 1 \/ 1 \/ 5 \/ 2;\" class=\"bg-white\"><\/div>\n      <div style=\"grid-area: 1 \/ 1 \/ 3 \/ 2\">\n        <div class=\"relative overflow-hidden hhtl-insights-grid-image-container\">\n          <div style=\"background-image: url('https:\/\/horwathhtl.com\/wp-content\/uploads\/2026\/07\/iStock-2224647247-scaled-e1784715012772-865x1024.jpg');\" class=\"absolute inset-0 bg-cover bg-center hhtl-insights-grid-image\"><\/div>\n                        <div style=\"--hhtl-padding-x: 1; --hhtl-padding-top: 1;\" class=\"absolute hhtl-padding flex w-full\">\n                                      <div style=\"background-color: #b14fc5; color: #ffffff; --hhtl-padding-x: 0.4; --hhtl-padding-y: 0.2; --hhtl-margin-top: 0; --hhtl-margin-left: 0.6;\" class=\"h-fit hhtl-padding hhtl-margin rounded caption\">\n                        Viewpoint                      <\/div>\n                                  <\/div>\n                      <\/div>\n        <h3 style=\"grid-area: 2 \/ 1 \/ 3 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"text-hhtl-indigo hhtl-padding hhtl-margin\">The hidden erosion of value: how third-party delivery is quietly reshaping hotel profitability<\/h3>\n      <\/div>\n      <div style=\"grid-area: 3 \/ 1 \/ 4 \/ 2; --hhtl-padding-x: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding\">\n        <p class=\"line-clamp-3 caption font-light\">\n          The rapid adoption of third-party delivery platforms has reshaped how guests dine during their stay, and for many hotels, the appeal is obvious.         <\/p>\n      <\/div>\n      <div style=\"grid-area: 4 \/ 1 \/ 5 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding hhtl-margin\">\n                    <div style=\"--hhtl-margin-top: 2; --hhtl-margin-bottom: 1;\" class=\"flex items-center hhtl-margin\">\n              <img decoding=\"async\" style=\"--hhtl-width: 2.5; --hhtl-margin-top: 0; --hhtl-margin-bottom: 0; --hhtl-margin-right: 1;\" class=\"hhtl-size hhtl-margin\" src=\"https:\/\/horwathhtl.com\/wp-content\/uploads\/2026\/01\/Profile-Image_Paul-Ingebretsen.png\" alt=\"Paul H. Ingebretsen\" \/>\n              <div class=\"caption\">\n                <div>Paul H. Ingebretsen<\/div>\n                                      <div class=\"font-normal\">\n                        Asset Management Director, Mexico                      <\/div>\n                                  <\/div>\n            <\/div>\n                  <\/div>\n    <\/a>\n                <\/div>\n                                  <div style=\"--hhtl-padding-y: 6;\" class=\"bg-hhtl-neutral-50 hhtl-padding\">\n                      <div class=\"flex justify-center overflow-hidden hhtl-animate-global-top\">\n                            <a style=\"--hhtl-margin-top: 3.125; --hhtl-margin-bottom: 0;\" class=\"no-underline hhtl-link-button hhtl-margin group hhtl-animate-global-middle hhtl-animate-global-delay-0\" href=\"https:\/\/horwathhtl.com\/insights-archive\/\">\n      <div class=\"flex items-center\">\n        <span style=\"--hhtl-font-size: 0.875; --hhtl-line-height: 1.25;\" class=\"hhtl-link-button-text hhtl-text font-bold tracking-sm-2\">Discover more <\/span>\n        <div class=\"hhtl-link-button-arrow-container\">\n                          <svg style=\"--hhtl-height: 1.5;\" class=\"hhtl-size group-hover:animate-point-left\" viewBox=\"0 0 16 16\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n                  <path d=\"M9 3L8.285 3.6965L12.075 7.5H2V8.5H12.075L8.285 12.2865L9 13L14 8L9 3Z\" \/>\n                <\/svg>\n                      <\/div>\n      <\/div>\n    <\/a>\n                        <\/div>\n                    <\/div>\n                                  <div class=\"hhtl-no-insights hidden text-center\">\n                  No insights match your filter criteria                <\/div>\n                  <\/div>\n    <\/div>\n      <div style=\"--hhtl-padding-top: 0; --hhtl-padding-bottom: 10;\" class=\"hhtl-padding hhtl-insights-grid\">\n      <div id=\"insights-reports\" >\n        <input type=\"hidden\" name=\"hhtl-random-seed\" value=\"12\" \/>\n        <input type=\"hidden\" name=\"hhtl-no-of-posts\" value=\"7\" \/>\n        <input type=\"hidden\" name=\"hhtl-load-more-page-size\" value=\"\" \/>\n        <input type=\"hidden\" name=\"hhtl-no-of-columns\" value=\"4\" \/>\n        <input type=\"hidden\" name=\"hhtl-sort-by\" value=\"post_date\" \/>\n        <input type=\"hidden\" name=\"hhtl-sort-order\" value=\"desc\" \/>\n        <input type=\"hidden\" name=\"hhtl-offices-include-local-offices\" value=\"1\" \/>\n        <input type=\"hidden\" name=\"hhtl-current-office-location\" value=\"\" \/>\n                      <input type=\"hidden\" name=\"hhtl-filters-types\" value=\"[130]\" \/>\n                <div style=\"--hhtl-padding-x: 6;\" class=\"flex hhtl-animate-global-top hhtl-back-to-top hhtl-back-to-top-left hhtl-padding\">\n      <a href=\"#hhtl-back-to-top\" class=\"flex items-center\">\n        <svg style=\"--hhtl-height: 0.8;\" class=\"hhtl-size hhtl-back-to-top-arrow\" viewBox=\"0 0 16 16\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n          <path d=\"M9 3L8.285 3.6965L12.075 7.5H2V8.5H12.075L8.285 12.2865L9 13L14 8L9 3Z\" \/>\n        <\/svg>\n        Back to top      <\/a>\n    <\/div>\n                  <div style=\"--hhtl-padding-x: 6;\" class=\"hhtl-padding\">\n                                      <h1 style=\"--hhtl-margin-y: 0;\" class=\"text-hhtl-indigo-light hhtl-animate-global-top hhtl-animate-global-delay-0\">Relat\u00f3rios  <\/h1>\n                                  <\/div>\n                                  <div style=\"--hhtl-margin-top: 6; --hhtl-margin-y: 0; --hhtl-padding-x: 6; --hhtl-padding-bottom: 1.25; --hhtl-grid-gap: 1.25;\" class=\"hhtl-insights-grid-items hhtl-insights-grid-items-4 hhtl-margin hhtl-padding hhtl-grid-gap grid grid-cols-[repeat(var(--no-of-cols,_4),_minmax(0,_1fr))]\">\n                    <a href=\"https:\/\/horwathhtl.com\/pt-br\/publication\/mexico-hotel-industry-report-2025-market-intelligence-hotel-supply-and-pipeline-analysis\/\" style=\"--hhtl-grid-gap: 0;\" class=\"hhtl-insights-grid-item-col-span-2 hhtl-insights-grid-item no-underline hhtl-grid-gap grid grid-rows-subgrid row-span-4 hhtl-animate-global-top hhtl-animate-global-delay-1\">\n      <div style=\"grid-area: 1 \/ 1 \/ 5 \/ 2;\" class=\"bg-white\"><\/div>\n      <div style=\"grid-area: 1 \/ 1 \/ 3 \/ 2\">\n        <div class=\"relative overflow-hidden hhtl-insights-grid-image-container\">\n          <div style=\"background-image: url('https:\/\/horwathhtl.com\/wp-content\/uploads\/2026\/08\/Mexico-City-1500-2-1024x860.jpg');\" class=\"absolute inset-0 bg-cover bg-center hhtl-insights-grid-image\"><\/div>\n                        <div style=\"--hhtl-padding-x: 1; --hhtl-padding-top: 1;\" class=\"absolute hhtl-padding flex w-full\">\n                                      <div style=\"background-color: #0050ad; color: #ffffff; --hhtl-padding-x: 0.4; --hhtl-padding-y: 0.2; --hhtl-margin-top: 0; --hhtl-margin-left: 0.6;\" class=\"h-fit hhtl-padding hhtl-margin rounded caption\">\n                        Report                      <\/div>\n                                  <\/div>\n                      <\/div>\n        <h3 style=\"grid-area: 2 \/ 1 \/ 3 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"text-hhtl-indigo hhtl-padding hhtl-margin\">Mexico hotel industry report 2025: Market intelligence, hotel supply, and pipeline analysis<\/h3>\n      <\/div>\n      <div style=\"grid-area: 3 \/ 1 \/ 4 \/ 2; --hhtl-padding-x: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding\">\n        <p class=\"line-clamp-3 caption font-light\">\n          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.\r\n        <\/p>\n      <\/div>\n      <div style=\"grid-area: 4 \/ 1 \/ 5 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding hhtl-margin\">\n                    <div style=\"--hhtl-margin-top: 2; --hhtl-margin-bottom: 1;\" class=\"flex items-center hhtl-margin\">\n              <img decoding=\"async\" style=\"--hhtl-width: 2.5; --hhtl-margin-top: 0; --hhtl-margin-bottom: 0; --hhtl-margin-right: 1;\" class=\"hhtl-size hhtl-margin\" src=\"https:\/\/horwathhtl.com\/wp-content\/uploads\/2024\/09\/Fabian-Sanchez-1.png\" alt=\"Fabi\u00e1n S\u00e1nchez\" \/>\n              <div class=\"caption\">\n                <div>Fabi\u00e1n S\u00e1nchez<\/div>\n                                      <div class=\"font-normal\">\n                        Managing Director, Mexico                      <\/div>\n                                  <\/div>\n            <\/div>\n                  <\/div>\n    <\/a>\n      <a href=\"https:\/\/horwathhtl.com\/pt-br\/publication\/new-zealand-hotel-performance-focus-july-2026\/\" style=\"--hhtl-grid-gap: 0;\" class=\"hhtl-insights-grid-item no-underline hhtl-grid-gap grid grid-rows-subgrid row-span-4 hhtl-animate-global-top hhtl-animate-global-delay-2\">\n      <div style=\"grid-area: 1 \/ 1 \/ 5 \/ 2;\" class=\"bg-white\"><\/div>\n      <div style=\"grid-area: 1 \/ 1 \/ 3 \/ 2\">\n        <div class=\"relative overflow-hidden hhtl-insights-grid-image-container\">\n          <div style=\"background-image: url('https:\/\/horwathhtl.com\/wp-content\/uploads\/2026\/08\/252031-fox-glacier-west-coast-web-2560-1024x683.jpg');\" class=\"absolute inset-0 bg-cover bg-center hhtl-insights-grid-image\"><\/div>\n                        <div style=\"--hhtl-padding-x: 1; --hhtl-padding-top: 1;\" class=\"absolute hhtl-padding flex w-full\">\n                                      <div style=\"background-color: #0050ad; color: #ffffff; --hhtl-padding-x: 0.4; --hhtl-padding-y: 0.2; --hhtl-margin-top: 0; --hhtl-margin-left: 0.6;\" class=\"h-fit hhtl-padding hhtl-margin rounded caption\">\n                        Report                      <\/div>\n                                  <\/div>\n                      <\/div>\n        <h3 style=\"grid-area: 2 \/ 1 \/ 3 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"text-hhtl-indigo hhtl-padding hhtl-margin\">New Zealand Hotel Performance Focus July 2026<\/h3>\n      <\/div>\n      <div style=\"grid-area: 3 \/ 1 \/ 4 \/ 2; --hhtl-padding-x: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding\">\n        <p class=\"line-clamp-3 caption font-light\">\n          New Zealand\u2019s hotel market recorded another strong month of growth in July, with nationwide RevPAR increasing 14% year-on-year. \r\n\r\nDownload the report below to read our full analysis and regional highlights.        <\/p>\n      <\/div>\n      <div style=\"grid-area: 4 \/ 1 \/ 5 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding hhtl-margin\">\n                    <div style=\"--hhtl-margin-top: 2; --hhtl-margin-bottom: 1;\" class=\"flex items-center hhtl-margin\">\n              <img decoding=\"async\" style=\"--hhtl-width: 2.5; --hhtl-margin-top: 0; --hhtl-margin-bottom: 0; --hhtl-margin-right: 1;\" class=\"hhtl-size hhtl-margin\" src=\"https:\/\/horwathhtl.com\/wp-content\/uploads\/2024\/09\/Wim-Ruepert.png\" alt=\"Wim Ruepert\" \/>\n              <div class=\"caption\">\n                <div>Wim Ruepert<\/div>\n                                      <div class=\"font-normal\">\n                        Director, New Zealand                      <\/div>\n                                  <\/div>\n            <\/div>\n                  <\/div>\n    <\/a>\n      <a href=\"https:\/\/horwathhtl.com\/pt-br\/insight\/insights-on-brand-changes-in-china-hotel-market-2025\/\" style=\"--hhtl-grid-gap: 0;\" class=\"hhtl-insights-grid-item no-underline hhtl-grid-gap grid grid-rows-subgrid row-span-4 hhtl-animate-global-top hhtl-animate-global-delay-3\">\n      <div style=\"grid-area: 1 \/ 1 \/ 5 \/ 2;\" class=\"bg-white\"><\/div>\n      <div style=\"grid-area: 1 \/ 1 \/ 3 \/ 2\">\n        <div class=\"relative overflow-hidden hhtl-insights-grid-image-container\">\n          <div style=\"background-image: url('https:\/\/horwathhtl.com\/wp-content\/uploads\/2026\/08\/2025\u786e\u8ba4\u7248\u672c_\u526f\u672c.png');\" class=\"absolute inset-0 bg-cover bg-center hhtl-insights-grid-image\"><\/div>\n                        <div style=\"--hhtl-padding-x: 1; --hhtl-padding-top: 1;\" class=\"absolute hhtl-padding flex w-full\">\n                                      <div style=\"background-color: #0050ad; color: #ffffff; --hhtl-padding-x: 0.4; --hhtl-padding-y: 0.2; --hhtl-margin-top: 0; --hhtl-margin-left: 0.6;\" class=\"h-fit hhtl-padding hhtl-margin rounded caption\">\n                        Report                      <\/div>\n                                  <\/div>\n                      <\/div>\n        <h3 style=\"grid-area: 2 \/ 1 \/ 3 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"text-hhtl-indigo hhtl-padding hhtl-margin\">Brand Changes in the 2025 China Hotel Market<\/h3>\n      <\/div>\n      <div style=\"grid-area: 3 \/ 1 \/ 4 \/ 2; --hhtl-padding-x: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding\">\n        <p class=\"line-clamp-3 caption font-light\">\n          China&#8217;s hotel market is entering a consolidation phase, with 1,900+ midscale-and-above hotels rebranded or de-branded in 2025 as competition shifts from new openings to performance, retention, and brand-property fit.        <\/p>\n      <\/div>\n      <div style=\"grid-area: 4 \/ 1 \/ 5 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding hhtl-margin\">\n              <\/div>\n    <\/a>\n      <a href=\"https:\/\/horwathhtl.com\/pt-br\/insight\/2025-china-hotel-industry\/\" style=\"--hhtl-grid-gap: 0;\" class=\"hhtl-insights-grid-item no-underline hhtl-grid-gap grid grid-rows-subgrid row-span-4 hhtl-animate-global-top hhtl-animate-global-delay-4\">\n      <div style=\"grid-area: 1 \/ 1 \/ 5 \/ 2;\" class=\"bg-white\"><\/div>\n      <div style=\"grid-area: 1 \/ 1 \/ 3 \/ 2\">\n        <div class=\"relative overflow-hidden hhtl-insights-grid-image-container\">\n          <div style=\"background-image: url('https:\/\/horwathhtl.com\/wp-content\/uploads\/2026\/08\/\u62a5\u544a\u5c01\u9762\u8bbe\u8ba1-for-HOHI_\u526f\u672c.png');\" class=\"absolute inset-0 bg-cover bg-center hhtl-insights-grid-image\"><\/div>\n                        <div style=\"--hhtl-padding-x: 1; --hhtl-padding-top: 1;\" class=\"absolute hhtl-padding flex w-full\">\n                                      <div style=\"background-color: #0050ad; color: #ffffff; --hhtl-padding-x: 0.4; --hhtl-padding-y: 0.2; --hhtl-margin-top: 0; --hhtl-margin-left: 0.6;\" class=\"h-fit hhtl-padding hhtl-margin rounded caption\">\n                        Report                      <\/div>\n                                  <\/div>\n                      <\/div>\n        <h3 style=\"grid-area: 2 \/ 1 \/ 3 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"text-hhtl-indigo hhtl-padding hhtl-margin\">2025 China Hotel Industry<\/h3>\n      <\/div>\n      <div style=\"grid-area: 3 \/ 1 \/ 4 \/ 2; --hhtl-padding-x: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding\">\n        <p class=\"line-clamp-3 caption font-light\">\n          The 2025 China Hotel Industry Investment and Asset Management White Paper examines how China\u2019s hotel sector is transitioning from expansion-led growth to a new phase focused on existing-asset optimization, professional operations, and long-term value creation. Drawing on extensive industry data and feedback from leading institutional investors and hotel asset owners, the report provides an in-depth analysis of hotel development, asset management, renovation, digital transformation, transactions, and exit strategies. It highlights the growing importance of refined operations, efficient space utilization, flexible management models, and data-driven decision-making in improving hotel profitability and asset performance. The report also explores changing investor preferences, the rise of franchising, increasing demand for hotel renovations, and the evolving role of financial exit channels such as asset sales and REIT-related structures. It offers practical insights for investors, owners, operators, and industry professionals seeking to navigate China\u2019s changing hospitality investment landscape.         <\/p>\n      <\/div>\n      <div style=\"grid-area: 4 \/ 1 \/ 5 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding hhtl-margin\">\n              <\/div>\n    <\/a>\n      <a href=\"https:\/\/horwathhtl.com\/pt-br\/insight\/2026q3-msi%c2%b7hotel-market-sentiment-report\/\" style=\"--hhtl-grid-gap: 0;\" class=\"hhtl-insights-grid-item no-underline hhtl-grid-gap grid grid-rows-subgrid row-span-4 hhtl-animate-global-top hhtl-animate-global-delay-1\">\n      <div style=\"grid-area: 1 \/ 1 \/ 5 \/ 2;\" class=\"bg-white\"><\/div>\n      <div style=\"grid-area: 1 \/ 1 \/ 3 \/ 2\">\n        <div class=\"relative overflow-hidden hhtl-insights-grid-image-container\">\n          <div style=\"background-image: url('https:\/\/horwathhtl.com\/wp-content\/uploads\/2026\/08\/ScreenShot_2026-08-04_144811_750.png');\" class=\"absolute inset-0 bg-cover bg-center hhtl-insights-grid-image\"><\/div>\n                        <div style=\"--hhtl-padding-x: 1; --hhtl-padding-top: 1;\" class=\"absolute hhtl-padding flex w-full\">\n                                      <div style=\"background-color: #0050ad; color: #ffffff; --hhtl-padding-x: 0.4; --hhtl-padding-y: 0.2; --hhtl-margin-top: 0; --hhtl-margin-left: 0.6;\" class=\"h-fit hhtl-padding hhtl-margin rounded caption\">\n                        Report                      <\/div>\n                                  <\/div>\n                      <\/div>\n        <h3 style=\"grid-area: 2 \/ 1 \/ 3 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"text-hhtl-indigo hhtl-padding hhtl-margin\">2026Q3-MSI\u00b7Hotel Market Sentiment Report<\/h3>\n      <\/div>\n      <div style=\"grid-area: 3 \/ 1 \/ 4 \/ 2; --hhtl-padding-x: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding\">\n        <p class=\"line-clamp-3 caption font-light\">\n          The national Hotel Market Sentiment Survey aims to provide judgments and predictions on the future insight for Chinese professional hoteliers. This survey is the 45th industry survey conducted by Horwath HTL on the Chinese hotel market, focusing on expectations for performance in Q3 of 2026 in terms of occupancy rate, average daily rate, and total revenue. We compared and analyzed the historical sentiment indices to effectively present the market\u2018s performance expectations for the hotel industry in different regions of China. \r\nIn the performance expectations section of the survey, the sentiment index presented reflects the market\u2018s expectations for overall performance. The index ranges from -150 to +150, where \u201c-150\u201d indicates a very pessimistic performance expectation of the market, &#8220;0&#8221; indicates a neutral outlook, and &#8220;+150&#8221; indicates a very optimistic market performance expectation.         <\/p>\n      <\/div>\n      <div style=\"grid-area: 4 \/ 1 \/ 5 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding hhtl-margin\">\n              <\/div>\n    <\/a>\n      <a href=\"https:\/\/horwathhtl.com\/pt-br\/insight\/2026q2-msi%c2%b7hotel-market-sentiment-report\/\" style=\"--hhtl-grid-gap: 0;\" class=\"hhtl-insights-grid-item no-underline hhtl-grid-gap grid grid-rows-subgrid row-span-4 hhtl-animate-global-top hhtl-animate-global-delay-2\">\n      <div style=\"grid-area: 1 \/ 1 \/ 5 \/ 2;\" class=\"bg-white\"><\/div>\n      <div style=\"grid-area: 1 \/ 1 \/ 3 \/ 2\">\n        <div class=\"relative overflow-hidden hhtl-insights-grid-image-container\">\n          <div style=\"background-image: url('https:\/\/horwathhtl.com\/wp-content\/uploads\/2026\/08\/2026Q1_en-1.png');\" class=\"absolute inset-0 bg-cover bg-center hhtl-insights-grid-image\"><\/div>\n                        <div style=\"--hhtl-padding-x: 1; --hhtl-padding-top: 1;\" class=\"absolute hhtl-padding flex w-full\">\n                                      <div style=\"background-color: #0050ad; color: #ffffff; --hhtl-padding-x: 0.4; --hhtl-padding-y: 0.2; --hhtl-margin-top: 0; --hhtl-margin-left: 0.6;\" class=\"h-fit hhtl-padding hhtl-margin rounded caption\">\n                        Report                      <\/div>\n                                  <\/div>\n                      <\/div>\n        <h3 style=\"grid-area: 2 \/ 1 \/ 3 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"text-hhtl-indigo hhtl-padding hhtl-margin\">2026Q2-MSI\u00b7Hotel Market Sentiment Report<\/h3>\n      <\/div>\n      <div style=\"grid-area: 3 \/ 1 \/ 4 \/ 2; --hhtl-padding-x: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding\">\n        <p class=\"line-clamp-3 caption font-light\">\n          The national Hotel Market Sentiment Survey aims to provide judgments and predictions on the future insight for Chinese professional hoteliers. This survey is the 44th industry survey conducted by Horwath HTL on the Chinese hotel market, focusing on expectations for performance in Q2 of 2026 in terms of occupancy rate, average daily rate, and total revenue. We compared and analyzed the historical sentiment indices to effectively present the market\u2018s performance expectations for the hotel industry in different regions of China. \r\nIn the performance expectations section of the survey, the sentiment index presented reflects the market\u2018s expectations for overall performance. The index ranges from -150 to +150, where \u201c-150\u201d indicates a very pessimistic performance expectation of the market, &#8220;0&#8221; indicates a neutral outlook, and &#8220;+150&#8221; indicates a very optimistic market performance expectation.         <\/p>\n      <\/div>\n      <div style=\"grid-area: 4 \/ 1 \/ 5 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding hhtl-margin\">\n              <\/div>\n    <\/a>\n      <a href=\"https:\/\/horwathhtl.com\/pt-br\/insight\/2026q1-msl%c2%b7hotel-market-sentiment-report\/\" style=\"--hhtl-grid-gap: 0;\" class=\"hhtl-insights-grid-item no-underline hhtl-grid-gap grid grid-rows-subgrid row-span-4 hhtl-animate-global-top hhtl-animate-global-delay-3\">\n      <div style=\"grid-area: 1 \/ 1 \/ 5 \/ 2;\" class=\"bg-white\"><\/div>\n      <div style=\"grid-area: 1 \/ 1 \/ 3 \/ 2\">\n        <div class=\"relative overflow-hidden hhtl-insights-grid-image-container\">\n          <div style=\"background-image: url('https:\/\/horwathhtl.com\/wp-content\/uploads\/2026\/08\/\u56fe\u50cf-1024x667.jpeg');\" class=\"absolute inset-0 bg-cover bg-center hhtl-insights-grid-image\"><\/div>\n                        <div style=\"--hhtl-padding-x: 1; --hhtl-padding-top: 1;\" class=\"absolute hhtl-padding flex w-full\">\n                                      <div style=\"background-color: #0050ad; color: #ffffff; --hhtl-padding-x: 0.4; --hhtl-padding-y: 0.2; --hhtl-margin-top: 0; --hhtl-margin-left: 0.6;\" class=\"h-fit hhtl-padding hhtl-margin rounded caption\">\n                        Report                      <\/div>\n                                  <\/div>\n                      <\/div>\n        <h3 style=\"grid-area: 2 \/ 1 \/ 3 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"text-hhtl-indigo hhtl-padding hhtl-margin\">2026Q1-MSl\u00b7Hotel Market Sentiment Report<\/h3>\n      <\/div>\n      <div style=\"grid-area: 3 \/ 1 \/ 4 \/ 2; --hhtl-padding-x: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding\">\n        <p class=\"line-clamp-3 caption font-light\">\n          As an important part of the Horwath Global Hotel Market Sentiment Survey, the national Hotel Market Sentiment Survey aims to provide judgments and predictions on the future insight for Chinese professional hoteliers. This survey is  the 43th industry survey conducted by Horwath HTL on the Chinese hotel market, focusing on expectations for performance in Q1 of 2026 in terms of occupancy rate, average daily rate, and total revenue. We compared and analyzed the historical sentiment indices to effectively present the market\u2018s performance expectations for the hotel industry in different regions of China.\r\nIn the performance expectations section of the survey, the sentiment index presented reflects the market\u2018s expectations for overall performance. The index ranges from -150 to +150, where \u201c-150\u201d indicates a very pessimistic performance expectation of the market, &#8220;0&#8221; indicates a neutral outlook, and &#8220;+150&#8221; indicates a very optimistic market performance expectation.         <\/p>\n      <\/div>\n      <div style=\"grid-area: 4 \/ 1 \/ 5 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"hhtl-padding hhtl-margin\">\n              <\/div>\n    <\/a>\n                <\/div>\n                                  <div style=\"--hhtl-padding-y: 6;\" class=\"bg-hhtl-neutral-50 hhtl-padding\">\n                      <div class=\"flex justify-center overflow-hidden hhtl-animate-global-top\">\n                            <a style=\"--hhtl-margin-top: 3.125; --hhtl-margin-bottom: 0;\" class=\"no-underline hhtl-link-button hhtl-margin group hhtl-animate-global-middle hhtl-animate-global-delay-0\" href=\"https:\/\/horwathhtl.com\/insights-archive\/\">\n      <div class=\"flex items-center\">\n        <span style=\"--hhtl-font-size: 0.875; --hhtl-line-height: 1.25;\" class=\"hhtl-link-button-text hhtl-text font-bold tracking-sm-2\">Discover more <\/span>\n        <div class=\"hhtl-link-button-arrow-container\">\n                          <svg style=\"--hhtl-height: 1.5;\" class=\"hhtl-size group-hover:animate-point-left\" viewBox=\"0 0 16 16\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n                  <path d=\"M9 3L8.285 3.6965L12.075 7.5H2V8.5H12.075L8.285 12.2865L9 13L14 8L9 3Z\" \/>\n                <\/svg>\n                      <\/div>\n      <\/div>\n    <\/a>\n                        <\/div>\n                    <\/div>\n                                  <div class=\"hhtl-no-insights hidden text-center\">\n                  No insights match your filter criteria                <\/div>\n                  <\/div>\n    <\/div>\n    <div data-uid=\"hhtl-block-68c2695c210b9\" style=\"--hhtl-padding-x: 6; --hhtl-padding-top: 0; --hhtl-padding-bottom: 15;\" class=\"hhtl-shopify-products hhtl-padding\">\n    <div id=\"shop-asiapac\" >\n          <div class=\"flex hhtl-animate-global-top hhtl-back-to-top hhtl-back-to-top-left\">\n      <a href=\"#hhtl-back-to-top\" class=\"flex items-center\">\n        <svg style=\"--hhtl-height: 0.8;\" class=\"hhtl-size hhtl-back-to-top-arrow\" viewBox=\"0 0 16 16\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n          <path d=\"M9 3L8.285 3.6965L12.075 7.5H2V8.5H12.075L8.285 12.2865L9 13L14 8L9 3Z\" \/>\n        <\/svg>\n        Back to top      <\/a>\n    <\/div>\n          <div style=\"text-align: start\">\n                      <h3 class=\"text-hhtl-neutral-500 hhtl-animate-global-top\">Loja AsiaPac<\/h3>\n                          <h1 style=\"--hhtl-margin-y: 0;\" class=\"text-hhtl-indigo-light hhtl-animate-global-top hhtl-animate-global-delay-1\">Relat\u00f3rios Premium<\/h1>\n                          <div style=\"--hhtl-margin-y: 0\" class=\"hhtl-animate-global-top hhtl-animate-global-delay-2\">\n                <p class=\"b1\">Com base em nossa experi\u00eancia diversificada e recursos de pesquisa, a Horwath HTL publica uma variedade de estudos que ajudam a analisar os mercados din\u00e2micos de hotelaria e turismo atuais.<\/p>              <\/div>\n                  <\/div>\n                <input type=\"hidden\" id=\"hhtl-shopify-products-has-next-page\" name=\"hhtl-shopify-products-has-next-page\" value=\"1\" \/>\n          <input type=\"hidden\" id=\"hhtl-shopify-products-cursor\" name=\"hhtl-shopify-products-cursor\" value=\"eyJsYXN0X2lkIjoxNTU5NzY1MTY1NzA1MywibGFzdF92YWx1ZSI6IjIwMjUtMDktMDYgMDI6NDI6MTMuMDAwMDAwIn0=\" \/>\n          <div style=\"--hhtl-margin-top: 6; --hhtl-grid-gap: 1.25; --no-of-cols: 4;\" class=\"hhtl-shopify-products-items hhtl-shopify-products-items-4 grid grid-cols-[repeat(var(--no-of-cols,_4),_minmax(0,_1fr))] hhtl-grid-gap hhtl-margin\">\n              <a href=\"https:\/\/horwath-htl.myshopify.com\/products\/2025-australia-hotel-industry-survey-of-operations\" target=\"_blank\" style=\"--hhtl-grid-gap: 0;\" class=\"hhtl-shopify-products-item hhtl-grid-gap grid grid-rows-subgrid row-span-3 no-underline border border-hhtl-neutral-50 hhtl-animate-global-top hhtl-animate-global-delay-1\">\n    <div style=\"grid-area: 1 \/ 1 \/ 4 \/ 2;\" class=\"bg-hhtl-neutral-50\"><\/div>\n    <div style=\"grid-area: 1 \/ 1 \/ 2 \/ 2;\">\n      <div class=\"relative overflow-hidden hhtl-shopify-products-image-container hhtl-shopify-products-image-container-asiapac\">\n        <div style=\"background-image: url('https:\/\/cdn.shopify.com\/s\/files\/1\/0931\/2832\/7517\/files\/AU-25-Cover.png?v=1760941593');\" class=\"absolute inset-0 bg-cover bg-center hhtl-shopify-products-image\"><\/div>\n      <\/div>\n    <\/div>\n    <h3 style=\"grid-area: 2 \/ 1 \/ 3 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"text-hhtl-indigo hhtl-padding hhtl-margin\">2025 Australia Hotel Industry &#8211; Survey of Operations<\/h3>\n    <div style=\"grid-area: 3 \/ 1 \/ 4 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-bottom: 1.25;\" class=\"hhtl-padding\">\n      <p class=\"line-clamp-3 caption font-light\">\n        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 Australia Hotel Industry &#8211; 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\u2019s 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 &#038; Expenses Undistributed Expenses Rooms Statistics &#8211; Inventory F&#038;B Statistics F&#038;B Statistics &#8211; By Outlet Labour Statistics Productivity Statistics Business Mix Profile Reservation &#038; Sales Statistics Nationality Profile A summary of the report can be viewed here:      <\/p>\n    <\/div>\n  <\/a>\n    <a href=\"https:\/\/horwath-htl.myshopify.com\/products\/2025-japan-hotel-industry-survey-of-operations-copy\" target=\"_blank\" style=\"--hhtl-grid-gap: 0;\" class=\"hhtl-shopify-products-item hhtl-grid-gap grid grid-rows-subgrid row-span-3 no-underline border border-hhtl-neutral-50 hhtl-animate-global-top hhtl-animate-global-delay-2\">\n    <div style=\"grid-area: 1 \/ 1 \/ 4 \/ 2;\" class=\"bg-hhtl-neutral-50\"><\/div>\n    <div style=\"grid-area: 1 \/ 1 \/ 2 \/ 2;\">\n      <div class=\"relative overflow-hidden hhtl-shopify-products-image-container hhtl-shopify-products-image-container-asiapac\">\n        <div style=\"background-image: url('https:\/\/cdn.shopify.com\/s\/files\/1\/0931\/2832\/7517\/files\/JP-25-Cover.png?v=1760507652');\" class=\"absolute inset-0 bg-cover bg-center hhtl-shopify-products-image\"><\/div>\n      <\/div>\n    <\/div>\n    <h3 style=\"grid-area: 2 \/ 1 \/ 3 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"text-hhtl-indigo hhtl-padding hhtl-margin\">2025 Japan Hotel Industry &#8211; Survey of Operations<\/h3>\n    <div style=\"grid-area: 3 \/ 1 \/ 4 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-bottom: 1.25;\" class=\"hhtl-padding\">\n      <p class=\"line-clamp-3 caption font-light\">\n        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. \u79c1\u305f\u3061\u306f\u30db\u30b9\u30d4\u30bf\u30ea\u30c6\u30a3\u30fb\u89b3\u5149\u30fb\u30ec\u30b8\u30e3\u30fc\u696d\u754c\u306b\u304a\u3051\u308b\u4e16\u754c\u7684\u306a\u30b3\u30f3\u30b5\u30eb\u30c6\u30a3\u30f3\u30b0\u30ea\u30fc\u30c0\u30fc\u3067\u3059\u3002\u6226\u7565\u7b56\u5b9a\u304b\u3089\u5b9f\u884c\u652f\u63f4\u307e\u3067\u3001\u4e8b\u696d\u5168\u4f53\u3092\u7db2\u7f85\u3057\u305f\u30bd\u30ea\u30e5\u30fc\u30b7\u30e7\u30f3\u3092\u63d0\u4f9b\u3057\u3001\u5909\u9769\u3092\u6c42\u3081\u308b\u30af\u30e9\u30a4\u30a2\u30f3\u30c8\u306e\u7686\u69d8\u304c\u3001\u5353\u8d8a\u3057\u305f\u6210\u679c\u3092\u9054\u6210\u3067\u304d\u308b\u3088\u3046\u30b5\u30dd\u30fc\u30c8\u3044\u305f\u3057\u307e\u3059\u3002 2025 Japan Hotel Industry &#8211; 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\u2019s dynamic landscape, the annual surveys are the only performance diagnostic tool of their type in the market. \u5f53\u793e\u3067\u306f\u3001\u9867\u554f\u59d4\u54e1\u4f1a\u304a\u3088\u3073\u5404\u5730\u57df\u306e\u30db\u30c6\u30eb\u5354\u4f1a\u3068\u9023\u643a\u3057\u3001\u30a2\u30b8\u30a2\u592a\u5e73\u6d0b\u306e\u4e3b\u8981\u5e02\u5834\u306b\u304a\u3051\u308b\u30db\u30c6\u30eb\u306e\u8ca1\u52d9\u30fb\u904b\u55b6\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u3092\u6bce\u5e74\u8abf\u67fb\u3057\u3066\u3044\u307e\u3059\u3002\u3053\u306e\u5e74\u6b21\u8abf\u67fb\u306f\u3001\u5909\u5316\u306e\u6fc0\u3057\u3044\u5e02\u5834\u74b0\u5883\u3092\u7684\u78ba\u306b\u6349\u3048\u3089\u308c\u308b\u3001\u696d\u754c\u306b\u304a\u3044\u3066\u552f\u4e00\u306e\u696d\u7e3e\u8a55\u4fa1\u30c4\u30fc\u30eb\u3067\u3059\u3002 Using Uniform System of Accounts for the Lodging Industry, key data captured includes the following, by location and by rate category: \u8abf\u67fb\u306f\u300c\u30db\u30c6\u30eb\u30e6\u30cb\u30d5\u30a9\u30fc\u30e0\u30b7\u30b9\u30c6\u30e0\uff08USALI\uff09\u300d\u306b\u57fa\u3065\u3044\u3066\u5b9f\u65bd\u3055\u308c\u3001\u5730\u57df\u5225\u304a\u3088\u3073\u6599\u91d1\u533a\u5206\u5225\u306b\u4ee5\u4e0b\u306e\u4e3b\u8981\u30c7\u30fc\u30bf\u3092\u53ce\u96c6\u3057\u3066\u3044\u307e\u3059\u3002 Departmental Revenue &#038; Expenses \/ \u90e8\u9580\u5225\u53ce\u5165\u30fb\u8cbb\u7528 Undistributed Expenses \/ \u975e\u914d\u8ce6\u8cbb\u7528 F&#038;B Statistics &#8211; By Outlet \/ \u6599\u98f2\u7d71\u8a08\uff08\u30a2\u30a6\u30c8\u30ec\u30c3\u30c8\u5225\uff09 Spa &#038; Health Club \/ \u30b9\u30d1\u30fb\u30d8\u30eb\u30b9\u30af\u30e9\u30d6 Labour Statistics \/ \u52b4\u50cd\u529b\u7d71\u8a08 Productivity Statistics \/ \u751f\u7523\u6027\u7d71\u8a08 Business Mix Profile \/ \u5ba2\u5c64\u30bb\u30b0\u30e1\u30f3\u30c8 Reservation &#038; Sales Statistics \/ \u4e88\u7d04\u30fb\u8ca9\u58f2\u7d71\u8a08 Nationality Profile \/ \u56fd\u7c4d\u5225\u30bb\u30b0\u30e1\u30f3\u30c8 A summary of the report can be viewed here:      <\/p>\n    <\/div>\n  <\/a>\n    <a href=\"https:\/\/horwath-htl.myshopify.com\/products\/2025-asia-pacific-serviced-apartment-survey-of-operations\" target=\"_blank\" style=\"--hhtl-grid-gap: 0;\" class=\"hhtl-shopify-products-item hhtl-grid-gap grid grid-rows-subgrid row-span-3 no-underline border border-hhtl-neutral-50 hhtl-animate-global-top hhtl-animate-global-delay-3\">\n    <div style=\"grid-area: 1 \/ 1 \/ 4 \/ 2;\" class=\"bg-hhtl-neutral-50\"><\/div>\n    <div style=\"grid-area: 1 \/ 1 \/ 2 \/ 2;\">\n      <div class=\"relative overflow-hidden hhtl-shopify-products-image-container hhtl-shopify-products-image-container-asiapac\">\n        <div style=\"background-image: url('https:\/\/cdn.shopify.com\/s\/files\/1\/0931\/2832\/7517\/files\/APSA-25-Cover.png?v=1759185865');\" class=\"absolute inset-0 bg-cover bg-center hhtl-shopify-products-image\"><\/div>\n      <\/div>\n    <\/div>\n    <h3 style=\"grid-area: 2 \/ 1 \/ 3 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"text-hhtl-indigo hhtl-padding hhtl-margin\">2025 Asia Pacific Serviced Apartment &#8211; Survey of Operations<\/h3>\n    <div style=\"grid-area: 3 \/ 1 \/ 4 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-bottom: 1.25;\" class=\"hhtl-padding\">\n      <p class=\"line-clamp-3 caption font-light\">\n        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 Asia Pacific Serviced Apartment &#8211; 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 serviced apartment in key markets across Asia Pacific. Providing a clear view of today\u2019s 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 &#038; Expenses Undistributed Expenses Rooms Statistics \u2013 Inventory &#038; Performance F&#038;B Statistics &#8211; By Outlet Spa &#038; Health Club Labour Statistics Productivity Statistics Business Mix Profile Reservation &#038; Sales Statistics Nationality Profile A summary of the report can be viewed here:      <\/p>\n    <\/div>\n  <\/a>\n    <a href=\"https:\/\/horwath-htl.myshopify.com\/products\/2025-china-hotel-industry-survey-of-operations\" target=\"_blank\" style=\"--hhtl-grid-gap: 0;\" class=\"hhtl-shopify-products-item hhtl-grid-gap grid grid-rows-subgrid row-span-3 no-underline border border-hhtl-neutral-50 hhtl-animate-global-top hhtl-animate-global-delay-4\">\n    <div style=\"grid-area: 1 \/ 1 \/ 4 \/ 2;\" class=\"bg-hhtl-neutral-50\"><\/div>\n    <div style=\"grid-area: 1 \/ 1 \/ 2 \/ 2;\">\n      <div class=\"relative overflow-hidden hhtl-shopify-products-image-container hhtl-shopify-products-image-container-asiapac\">\n        <div style=\"background-image: url('https:\/\/cdn.shopify.com\/s\/files\/1\/0931\/2832\/7517\/files\/CN-25-Cover.jpg?v=1762321000');\" class=\"absolute inset-0 bg-cover bg-center hhtl-shopify-products-image\"><\/div>\n      <\/div>\n    <\/div>\n    <h3 style=\"grid-area: 2 \/ 1 \/ 3 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"text-hhtl-indigo hhtl-padding hhtl-margin\">2025 China Hotel Industry &#8211; Survey of Operations<\/h3>\n    <div style=\"grid-area: 3 \/ 1 \/ 4 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-bottom: 1.25;\" class=\"hhtl-padding\">\n      <p class=\"line-clamp-3 caption font-light\">\n        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 China Hotel Industry &#8211; 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\u2019s 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 &#038; Expenses Undistributed Expenses Rooms Statistics \u2013 Inventory &#038; Performance F&#038;B Statistics &#8211; By Outlet Spa &#038; Health Club Labour Statistics Productivity Statistics Business Mix Profile Reservation &#038; Sales Statistics Nationality Profile A summary of the report can be viewed here:      <\/p>\n    <\/div>\n  <\/a>\n    <a href=\"https:\/\/horwath-htl.myshopify.com\/products\/2025-hong-kong-hotel-industry-survey-of-operations\" target=\"_blank\" style=\"--hhtl-grid-gap: 0;\" class=\"hhtl-shopify-products-item hhtl-grid-gap grid grid-rows-subgrid row-span-3 no-underline border border-hhtl-neutral-50 hhtl-animate-global-top hhtl-animate-global-delay-5\">\n    <div style=\"grid-area: 1 \/ 1 \/ 4 \/ 2;\" class=\"bg-hhtl-neutral-50\"><\/div>\n    <div style=\"grid-area: 1 \/ 1 \/ 2 \/ 2;\">\n      <div class=\"relative overflow-hidden hhtl-shopify-products-image-container hhtl-shopify-products-image-container-asiapac\">\n        <div style=\"background-image: url('https:\/\/cdn.shopify.com\/s\/files\/1\/0931\/2832\/7517\/files\/HK-25-Cover.jpg?v=1759187857');\" class=\"absolute inset-0 bg-cover bg-center hhtl-shopify-products-image\"><\/div>\n      <\/div>\n    <\/div>\n    <h3 style=\"grid-area: 2 \/ 1 \/ 3 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"text-hhtl-indigo hhtl-padding hhtl-margin\">2025 Hong Kong Hotel Industry &#8211; Survey of Operations<\/h3>\n    <div style=\"grid-area: 3 \/ 1 \/ 4 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-bottom: 1.25;\" class=\"hhtl-padding\">\n      <p class=\"line-clamp-3 caption font-light\">\n        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 Hong Kong Hotel Industry &#8211; 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\u2019s 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 &#038; Expenses Undistributed Expenses Rooms Statistics \u2013 Inventory &#038; Performance F&#038;B Statistics &#8211; By Outlet Spa &#038; Health Club Labour Statistics Productivity Statistics Business Mix Profile Reservation &#038; Sales Statistics Nationality Profile A summary of the report can be viewed here:      <\/p>\n    <\/div>\n  <\/a>\n    <a href=\"https:\/\/horwath-htl.myshopify.com\/products\/2025-malaysia-hotel-industry-survey-of-operations\" target=\"_blank\" style=\"--hhtl-grid-gap: 0;\" class=\"hhtl-shopify-products-item hhtl-grid-gap grid grid-rows-subgrid row-span-3 no-underline border border-hhtl-neutral-50 hhtl-animate-global-top hhtl-animate-global-delay-6\">\n    <div style=\"grid-area: 1 \/ 1 \/ 4 \/ 2;\" class=\"bg-hhtl-neutral-50\"><\/div>\n    <div style=\"grid-area: 1 \/ 1 \/ 2 \/ 2;\">\n      <div class=\"relative overflow-hidden hhtl-shopify-products-image-container hhtl-shopify-products-image-container-asiapac\">\n        <div style=\"background-image: url('https:\/\/cdn.shopify.com\/s\/files\/1\/0931\/2832\/7517\/files\/25-MY-Cover.png?v=1759129317');\" class=\"absolute inset-0 bg-cover bg-center hhtl-shopify-products-image\"><\/div>\n      <\/div>\n    <\/div>\n    <h3 style=\"grid-area: 2 \/ 1 \/ 3 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"text-hhtl-indigo hhtl-padding hhtl-margin\">2025 Malaysia Hotel Industry &#8211; Survey of Operations<\/h3>\n    <div style=\"grid-area: 3 \/ 1 \/ 4 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-bottom: 1.25;\" class=\"hhtl-padding\">\n      <p class=\"line-clamp-3 caption font-light\">\n        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 &#8211; 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\u2019s 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 &#038; Expenses Undistributed Expenses Rooms Statistics \u2013 Inventory &#038; Performance F&#038;B Statistics &#8211; By Outlet Spa &#038; Health Club Labour Statistics Productivity Statistics Business Mix Profile Reservation &#038; Sales Statistics Nationality Profile A summary of the report can be viewed here: 2025 Malaysia Annual Study &#8211; Summary      <\/p>\n    <\/div>\n  <\/a>\n    <a href=\"https:\/\/horwath-htl.myshopify.com\/products\/2025-philippines-hotel-industry-survey-of-operations\" target=\"_blank\" style=\"--hhtl-grid-gap: 0;\" class=\"hhtl-shopify-products-item hhtl-grid-gap grid grid-rows-subgrid row-span-3 no-underline border border-hhtl-neutral-50 hhtl-animate-global-top hhtl-animate-global-delay-7\">\n    <div style=\"grid-area: 1 \/ 1 \/ 4 \/ 2;\" class=\"bg-hhtl-neutral-50\"><\/div>\n    <div style=\"grid-area: 1 \/ 1 \/ 2 \/ 2;\">\n      <div class=\"relative overflow-hidden hhtl-shopify-products-image-container hhtl-shopify-products-image-container-asiapac\">\n        <div style=\"background-image: url('https:\/\/cdn.shopify.com\/s\/files\/1\/0931\/2832\/7517\/files\/25-PH-Cover.png?v=1759129480');\" class=\"absolute inset-0 bg-cover bg-center hhtl-shopify-products-image\"><\/div>\n      <\/div>\n    <\/div>\n    <h3 style=\"grid-area: 2 \/ 1 \/ 3 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"text-hhtl-indigo hhtl-padding hhtl-margin\">2025 Philippines Hotel Industry &#8211; Survey of Operations<\/h3>\n    <div style=\"grid-area: 3 \/ 1 \/ 4 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-bottom: 1.25;\" class=\"hhtl-padding\">\n      <p class=\"line-clamp-3 caption font-light\">\n        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 &#8211; 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\u2019s 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 &#038; Expenses Undistributed Expenses Rooms Statistics \u2013 Inventory &#038; Performance F&#038;B Statistics &#8211; By Outlet Spa &#038; Health Club Labour Statistics Productivity Statistics Business Mix Profile Reservation &#038; Sales Statistics Nationality Profile A summary of the report can be viewed here: PH-25-Sample-Report      <\/p>\n    <\/div>\n  <\/a>\n    <a href=\"https:\/\/horwath-htl.myshopify.com\/products\/2025-vietnam-hotel-industry-survey-of-operations\" target=\"_blank\" style=\"--hhtl-grid-gap: 0;\" class=\"hhtl-shopify-products-item hhtl-grid-gap grid grid-rows-subgrid row-span-3 no-underline border border-hhtl-neutral-50 hhtl-animate-global-top hhtl-animate-global-delay-8\">\n    <div style=\"grid-area: 1 \/ 1 \/ 4 \/ 2;\" class=\"bg-hhtl-neutral-50\"><\/div>\n    <div style=\"grid-area: 1 \/ 1 \/ 2 \/ 2;\">\n      <div class=\"relative overflow-hidden hhtl-shopify-products-image-container hhtl-shopify-products-image-container-asiapac\">\n        <div style=\"background-image: url('https:\/\/cdn.shopify.com\/s\/files\/1\/0931\/2832\/7517\/files\/VN-25-Cover.png?v=1762326770');\" class=\"absolute inset-0 bg-cover bg-center hhtl-shopify-products-image\"><\/div>\n      <\/div>\n    <\/div>\n    <h3 style=\"grid-area: 2 \/ 1 \/ 3 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"text-hhtl-indigo hhtl-padding hhtl-margin\">2025 Vietnam Hotel Industry &#8211; Survey of Operations<\/h3>\n    <div style=\"grid-area: 3 \/ 1 \/ 4 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-bottom: 1.25;\" class=\"hhtl-padding\">\n      <p class=\"line-clamp-3 caption font-light\">\n        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 &#8211; 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\u2019s 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 &#038; Expenses Undistributed Expenses Rooms Statistics \u2013 Inventory &#038; Performance F&#038;B Statistics &#8211; By Outlet Spa &#038; Health Club Labour Statistics Productivity Statistics Business Mix Profile Reservation &#038; Sales Statistics Nationality Profile A summary of the report can be viewed here: 2025 Vietnam Annual Study &#8211; Summary      <\/p>\n    <\/div>\n  <\/a>\n            <\/div>\n                        <div class=\"flex justify-center overflow-hidden hhtl-animate-global-top\">\n                    <a style=\"--hhtl-margin-top: 3.125; --hhtl-margin-bottom: 0;\" class=\"no-underline hhtl-link-button hhtl-margin group down hhtl-shopify-products-load-more hhtl-animate-global-middle hhtl-animate-global-delay-0\" href=\"javascript:void(0);\" data-id=\"45778\">\n      <div class=\"flex items-center\">\n        <span style=\"--hhtl-font-size: 0.875; --hhtl-line-height: 1.25;\" class=\"hhtl-link-button-text hhtl-text font-bold tracking-sm-2\">Carregar mais produtos<\/span>\n        <div class=\"hhtl-link-button-arrow-container\">\n                          <svg style=\"--hhtl-height: 1.5;\" class=\"hhtl-size group-hover:animate-load-more\" viewBox=\"0 0 16 16\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n                <path d=\"M8.5 7.5V4H7.5V7.5H4V8.5H7.5V12H8.5V8.5H12V7.5H8.5Z\" \/>\n                <\/svg>\n                <div class=\"loader\"><\/div>\n                      <\/div>\n      <\/div>\n    <\/a>\n                <\/div>\n                <\/div>\n  <\/div>\n  <div data-uid=\"hhtl-block-688398e691165\" style=\"--hhtl-padding-x: 6; --hhtl-padding-top: 0; --hhtl-padding-bottom: 15;\" class=\"hhtl-events-grid hhtl-padding\">\n    <div id=\"events\" >\n          <div class=\"flex hhtl-animate-global-top hhtl-back-to-top hhtl-back-to-top-left\">\n      <a href=\"#hhtl-back-to-top\" class=\"flex items-center\">\n        <svg style=\"--hhtl-height: 0.8;\" class=\"hhtl-size hhtl-back-to-top-arrow\" viewBox=\"0 0 16 16\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n          <path d=\"M9 3L8.285 3.6965L12.075 7.5H2V8.5H12.075L8.285 12.2865L9 13L14 8L9 3Z\" \/>\n        <\/svg>\n        Back to top      <\/a>\n    <\/div>\n          <div style=\"text-align: start\">\n                      <h1 style=\"--hhtl-margin-y: 0;\" class=\"text-hhtl-indigo-light hhtl-animate-global-top hhtl-animate-global-delay-0\">Eventos<\/h1>\n                  <\/div>\n                  <div style=\"--hhtl-margin-top: 6; --hhtl-grid-gap: 1.25;\" class=\"hhtl-events-grid-items hhtl-events-grid-items-3 hhtl-margin hhtl-grid-gap grid\">\n                <div style=\"--hhtl-grid-gap: 0;\" class=\"hhtl-events-grid-item hhtl-grid-gap grid grid-rows-subgrid row-span-6 hhtl-animate-global-top hhtl-animate-global-delay-0\">\n    <div style=\"grid-area: 1 \/ 1 \/ 7 \/ 2;\" class=\"bg-neutral-50\"><\/div>\n    <div style=\"grid-area: 1 \/ 1 \/ 2 \/ 2\">\n      <div class=\"relative overflow-hidden hhtl-events-grid-image-container\">\n      <div style=\"background-image: url('https:\/\/horwathhtl.com\/wp-content\/uploads\/2025\/07\/william-mccue-1jZbU_XuyvU-unsplash-scaled.jpg');\" class=\"absolute inset-0 bg-cover bg-center hhtl-events-grid-image\"><\/div>\n      <\/div>\n    <\/div>\n    <h3 style=\"grid-area: 2 \/ 1 \/ 3 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"text-hhtl-indigo hhtl-padding hhtl-margin\">Annual Hospitality Conference<\/h3>\n    <div style=\"grid-area: 3 \/ 1 \/ 4 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 0; --hhtl-padding-bottom: 0.75;\" class=\"hhtl-padding\">\n      <p class=\"font-bold\">\n        29th September &#8211; 30th September 2025      <\/p>\n    <\/div>\n    <div style=\"grid-area: 4 \/ 1 \/ 5 \/ 2; --hhtl-padding-x: 1.25;\" class=\"hhtl-padding\">\n      <p class=\"line-clamp-3 caption font-light\">\n        Where UK hospitality unites to unlock investment, insight and opportunity\r\n29 &#8211; 30 September 2025\r\nManchester Central Convention Complex, UK      <\/p>\n    <\/div>\n    <div style=\"grid-area: 5 \/ 1 \/ 6 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25;\" class=\"flex items-center hhtl-padding\">\n                  <div style=\"--hhtl-width: 2; --hhtl-height: 2; --hhtl-margin-right: 0.5;\" class=\"hhtl-size hhtl-margin hhtl-icon-container flex items-center justify-center rounded-full bg-hhtl-neutral-50\">\n              <svg style=\"--hhtl-height: 1.5;\" class=\"hhtl-size hhtl-icon\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 -960 960 960\">\n                <path d=\"M480.07-485.39q29.85 0 51.04-21.26 21.2-21.26 21.2-51.11 0-29.85-21.26-51.05Q509.79-630 479.93-630q-29.85 0-51.04 21.26-21.2 21.26-21.2 51.12 0 29.85 21.26 51.04 21.26 21.19 51.12 21.19ZM480-179.46q117.38-105.08 179.65-201.58 62.27-96.5 62.27-169.04 0-109.38-69.5-179.84-69.5-70.46-172.42-70.46-102.92 0-172.42 70.46-69.5 70.46-69.5 179.84 0 72.54 62.27 169.04 62.27 96.5 179.65 201.58Zm0 79.84Q329-230.46 253.54-343.15q-75.46-112.7-75.46-206.93 0-138.46 89.57-224.19Q357.23-860 480-860t212.35 85.73q89.57 85.73 89.57 224.19 0 94.23-75.46 206.93Q631-230.46 480-99.62Zm0-458.07Z\" \/>\n              <\/svg>\n            <\/div>\n            <p class=\"caption font-bold\">Manchester Central Convention Complex, UK<\/p>\n              <\/div>\n    <div style=\"grid-area: 6 \/ 1 \/ 7 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-top: 0; --hhtl-padding-bottom: 1.25;\" class=\"flex items-center hhtl-padding\">\n                  <div style=\"--hhtl-width: 2; --hhtl-height: 2; --hhtl-margin-right: 0.5;\" class=\"hhtl-size hhtl-margin hhtl-icon-container flex items-center justify-center rounded-full bg-hhtl-neutral-50\">\n              <svg  style=\"--hhtl-height: 1.1;\" class=\"hhtl-size hhtl-icon\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 16 16\">\n                <path d=\"M13 14H3C2.73489 13.9996 2.48075 13.8942 2.29329 13.7067C2.10583 13.5193 2.00036 13.2651 2 13V3C2.00036 2.73489 2.10583 2.48075 2.29329 2.29329C2.48075 2.10583 2.73489 2.00036 3 2H8V3H3V13H13V8H14V13C13.9996 13.2651 13.8942 13.5193 13.7067 13.7067C13.5193 13.8942 13.2651 13.9996 13 14Z\" \/>\n                <path d=\"M10 1V2H13.293L9 6.293L9.707 7L14 2.707V6H15V1H10Z\" \/>\n              <\/svg>\n            <\/div>\n            <p class=\"caption font-bold\">\n              <a target=\"_blank\" href=\"https:\/\/www.theahc.co.uk\/?gad_source=1&#038;gad_campaignid=22720205710&#038;gbraid=0AAAAA-J0AD2Ml1f5Lm4DD_hlLf9Y-Uf68\">Visite o site<\/a>\n            <\/p>\n              <\/div>\n  <\/div>\n    <div style=\"--hhtl-grid-gap: 0;\" class=\"hhtl-events-grid-item hhtl-grid-gap grid grid-rows-subgrid row-span-6 hhtl-animate-global-top hhtl-animate-global-delay-1\">\n    <div style=\"grid-area: 1 \/ 1 \/ 7 \/ 2;\" class=\"bg-neutral-50\"><\/div>\n    <div style=\"grid-area: 1 \/ 1 \/ 2 \/ 2\">\n      <div class=\"relative overflow-hidden hhtl-events-grid-image-container\">\n      <div style=\"background-image: url('https:\/\/horwathhtl.com\/wp-content\/uploads\/2025\/07\/sandra-grunewald-EoTaEMulwCg-unsplash-scaled.jpg');\" class=\"absolute inset-0 bg-cover bg-center hhtl-events-grid-image\"><\/div>\n      <\/div>\n    <\/div>\n    <h3 style=\"grid-area: 2 \/ 1 \/ 3 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"text-hhtl-indigo hhtl-padding hhtl-margin\">EXPO REAL<\/h3>\n    <div style=\"grid-area: 3 \/ 1 \/ 4 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 0; --hhtl-padding-bottom: 0.75;\" class=\"hhtl-padding\">\n      <p class=\"font-bold\">\n        6th October &#8211; 8th October 2025      <\/p>\n    <\/div>\n    <div style=\"grid-area: 4 \/ 1 \/ 5 \/ 2; --hhtl-padding-x: 1.25;\" class=\"hhtl-padding\">\n      <p class=\"line-clamp-3 caption font-light\">\n        Welcome to EXPO REAL\r\n\r\nEXPO 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.      <\/p>\n    <\/div>\n    <div style=\"grid-area: 5 \/ 1 \/ 6 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25;\" class=\"flex items-center hhtl-padding\">\n                  <div style=\"--hhtl-width: 2; --hhtl-height: 2; --hhtl-margin-right: 0.5;\" class=\"hhtl-size hhtl-margin hhtl-icon-container flex items-center justify-center rounded-full bg-hhtl-neutral-50\">\n              <svg style=\"--hhtl-height: 1.5;\" class=\"hhtl-size hhtl-icon\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 -960 960 960\">\n                <path d=\"M480.07-485.39q29.85 0 51.04-21.26 21.2-21.26 21.2-51.11 0-29.85-21.26-51.05Q509.79-630 479.93-630q-29.85 0-51.04 21.26-21.2 21.26-21.2 51.12 0 29.85 21.26 51.04 21.26 21.19 51.12 21.19ZM480-179.46q117.38-105.08 179.65-201.58 62.27-96.5 62.27-169.04 0-109.38-69.5-179.84-69.5-70.46-172.42-70.46-102.92 0-172.42 70.46-69.5 70.46-69.5 179.84 0 72.54 62.27 169.04 62.27 96.5 179.65 201.58Zm0 79.84Q329-230.46 253.54-343.15q-75.46-112.7-75.46-206.93 0-138.46 89.57-224.19Q357.23-860 480-860t212.35 85.73q89.57 85.73 89.57 224.19 0 94.23-75.46 206.93Q631-230.46 480-99.62Zm0-458.07Z\" \/>\n              <\/svg>\n            <\/div>\n            <p class=\"caption font-bold\">Munich Messe <\/p>\n              <\/div>\n    <div style=\"grid-area: 6 \/ 1 \/ 7 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-top: 0; --hhtl-padding-bottom: 1.25;\" class=\"flex items-center hhtl-padding\">\n                  <div style=\"--hhtl-width: 2; --hhtl-height: 2; --hhtl-margin-right: 0.5;\" class=\"hhtl-size hhtl-margin hhtl-icon-container flex items-center justify-center rounded-full bg-hhtl-neutral-50\">\n              <svg  style=\"--hhtl-height: 1.1;\" class=\"hhtl-size hhtl-icon\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 16 16\">\n                <path d=\"M13 14H3C2.73489 13.9996 2.48075 13.8942 2.29329 13.7067C2.10583 13.5193 2.00036 13.2651 2 13V3C2.00036 2.73489 2.10583 2.48075 2.29329 2.29329C2.48075 2.10583 2.73489 2.00036 3 2H8V3H3V13H13V8H14V13C13.9996 13.2651 13.8942 13.5193 13.7067 13.7067C13.5193 13.8942 13.2651 13.9996 13 14Z\" \/>\n                <path d=\"M10 1V2H13.293L9 6.293L9.707 7L14 2.707V6H15V1H10Z\" \/>\n              <\/svg>\n            <\/div>\n            <p class=\"caption font-bold\">\n              <a target=\"_blank\" href=\"https:\/\/exporeal.net\/en\/\">Visite o site<\/a>\n            <\/p>\n              <\/div>\n  <\/div>\n    <div style=\"--hhtl-grid-gap: 0;\" class=\"hhtl-events-grid-item hhtl-grid-gap grid grid-rows-subgrid row-span-6 hhtl-animate-global-top hhtl-animate-global-delay-2\">\n    <div style=\"grid-area: 1 \/ 1 \/ 7 \/ 2;\" class=\"bg-neutral-50\"><\/div>\n    <div style=\"grid-area: 1 \/ 1 \/ 2 \/ 2\">\n      <div class=\"relative overflow-hidden hhtl-events-grid-image-container\">\n      <div style=\"background-image: url('https:\/\/horwathhtl.com\/wp-content\/uploads\/2024\/09\/Singapore_Aerial_Night_3-scaled.jpg');\" class=\"absolute inset-0 bg-cover bg-center hhtl-events-grid-image\"><\/div>\n      <\/div>\n    <\/div>\n    <h3 style=\"grid-area: 2 \/ 1 \/ 3 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25; --hhtl-margin-y: 0;\" class=\"text-hhtl-indigo hhtl-padding hhtl-margin\">HICAP<\/h3>\n    <div style=\"grid-area: 3 \/ 1 \/ 4 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 0; --hhtl-padding-bottom: 0.75;\" class=\"hhtl-padding\">\n      <p class=\"font-bold\">\n        22nd October &#8211; 24th October 2025      <\/p>\n    <\/div>\n    <div style=\"grid-area: 4 \/ 1 \/ 5 \/ 2; --hhtl-padding-x: 1.25;\" class=\"hhtl-padding\">\n      <p class=\"line-clamp-3 caption font-light\">\n        HICAP has been Asia Pacific\u2019s Essential Hotel Conference for 35 Years\r\nFor 35 years, HICAP has been the unequaled annual gathering place for Asia-Pacific\u2019s 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.\r\nCONNECT WITH THE PEOPLE WHO REALLY MATTER AT HICAP\r\nMeet the key players in the industry. HICAP draws internationally influential decision-makers, experienced advisors and specialists, and industry pundits:\r\nInvestors \u2022 Owners \u2022 Developers \u2022 Hotel Chain &#038; Management Companies \u2022 Investment Bankers \u2022 Lenders \u2022 Advisors &#038; Intermediaries \u2022 Architects &#038; Designers \u2022 Government Tourism Officials \u2022 Media\r\n      <\/p>\n    <\/div>\n    <div style=\"grid-area: 5 \/ 1 \/ 6 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-y: 1.25;\" class=\"flex items-center hhtl-padding\">\n                  <div style=\"--hhtl-width: 2; --hhtl-height: 2; --hhtl-margin-right: 0.5;\" class=\"hhtl-size hhtl-margin hhtl-icon-container flex items-center justify-center rounded-full bg-hhtl-neutral-50\">\n              <svg style=\"--hhtl-height: 1.5;\" class=\"hhtl-size hhtl-icon\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 -960 960 960\">\n                <path d=\"M480.07-485.39q29.85 0 51.04-21.26 21.2-21.26 21.2-51.11 0-29.85-21.26-51.05Q509.79-630 479.93-630q-29.85 0-51.04 21.26-21.2 21.26-21.2 51.12 0 29.85 21.26 51.04 21.26 21.19 51.12 21.19ZM480-179.46q117.38-105.08 179.65-201.58 62.27-96.5 62.27-169.04 0-109.38-69.5-179.84-69.5-70.46-172.42-70.46-102.92 0-172.42 70.46-69.5 70.46-69.5 179.84 0 72.54 62.27 169.04 62.27 96.5 179.65 201.58Zm0 79.84Q329-230.46 253.54-343.15q-75.46-112.7-75.46-206.93 0-138.46 89.57-224.19Q357.23-860 480-860t212.35 85.73q89.57 85.73 89.57 224.19 0 94.23-75.46 206.93Q631-230.46 480-99.62Zm0-458.07Z\" \/>\n              <\/svg>\n            <\/div>\n            <p class=\"caption font-bold\">Swissotel Singapore<\/p>\n              <\/div>\n    <div style=\"grid-area: 6 \/ 1 \/ 7 \/ 2; --hhtl-padding-x: 1.25; --hhtl-padding-top: 0; --hhtl-padding-bottom: 1.25;\" class=\"flex items-center hhtl-padding\">\n                  <div style=\"--hhtl-width: 2; --hhtl-height: 2; --hhtl-margin-right: 0.5;\" class=\"hhtl-size hhtl-margin hhtl-icon-container flex items-center justify-center rounded-full bg-hhtl-neutral-50\">\n              <svg  style=\"--hhtl-height: 1.1;\" class=\"hhtl-size hhtl-icon\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 16 16\">\n                <path d=\"M13 14H3C2.73489 13.9996 2.48075 13.8942 2.29329 13.7067C2.10583 13.5193 2.00036 13.2651 2 13V3C2.00036 2.73489 2.10583 2.48075 2.29329 2.29329C2.48075 2.10583 2.73489 2.00036 3 2H8V3H3V13H13V8H14V13C13.9996 13.2651 13.8942 13.5193 13.7067 13.7067C13.5193 13.8942 13.2651 13.9996 13 14Z\" \/>\n                <path d=\"M10 1V2H13.293L9 6.293L9.707 7L14 2.707V6H15V1H10Z\" \/>\n              <\/svg>\n            <\/div>\n            <p class=\"caption font-bold\">\n              <a target=\"_blank\" href=\"https:\/\/www.burba.com\/HICAP\">Visite o site<\/a>\n            <\/p>\n              <\/div>\n  <\/div>\n              <\/div>\n              <\/div>\n  <\/div>\n  ","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-45778","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/horwathhtl.com\/pt-br\/wp-json\/wp\/v2\/pages\/45778","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/horwathhtl.com\/pt-br\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/horwathhtl.com\/pt-br\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/horwathhtl.com\/pt-br\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/horwathhtl.com\/pt-br\/wp-json\/wp\/v2\/comments?post=45778"}],"version-history":[{"count":0,"href":"https:\/\/horwathhtl.com\/pt-br\/wp-json\/wp\/v2\/pages\/45778\/revisions"}],"wp:attachment":[{"href":"https:\/\/horwathhtl.com\/pt-br\/wp-json\/wp\/v2\/media?parent=45778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}