Professional Documents
Culture Documents
Page 5 Foreword
Page 7 Introduction
Page 8 Hotel Chains 2018
Page 10 Domestic & International Brands
Page 14 Australia
Page 18 Hong Kong
Page 22 India
Page 26 Indonesia
Page 30 Japan
Page 34 Malaysia
Page 38 New Zealand
Page 42 Philippines
Page 46 Singapore
Page 50 Thailand
Page 54 Vietnam
A few years ago, our team in Rome decided to put This is the third iteration of this report, which is well
together a report on the state of hotel chains in Italy, on the way to becoming a truly global look at the
no easy task as you can imagine. As we investigated the phenomenon that is branded hotels and their role in
market, we found that it was complicated and opaque, hospitality and real estate. To date we have produced
a labyrinth of family ownership and local brands many two versions of a European report and one Latin
of whom were unheard of outside of their local city, let American. As this is our first report on Asia, we do not
alone Italy itself. have year on year data yet, but will have for the next
edition to be released in 2019.
Our goal was to try and accurately shed light on the
market and see how brands were evolving. Investors Another large gap is China, which we will address in a
need transparency and hotel companies need to know separate report. The market is so vast and opaque, that
what the competitive landscape looks like. This Italian we need to dedicate a special report to look exclusively
report has become incredibly respected and we decided at that market.
to expand our scope to the key global markets, building
on the database year by year to provide a comprehensive The most positive stat for our industry is how many
view of the branded versus independent hotel situation. of these brands are growing and expanding, a good
indicator that the industry is in rude health and attracting
Some of this data exists elsewhere of course, there are significant levels of investment. Much of this makes for
a number of countries that have good amounts of data fascinating reading,
on their hospitality industry, some for sale and some free
to access. We certainly hope you enjoy reading it as much as we
enjoyed putting it together.
A surprising high number of countries do not however,
and we saw an opportunity to consolidate much of this
data in one place to make it easier to have a holistic view James Chappell
of the market. This is our first Asia report and we will Horwath HTL Global Business Director
continue to build on the information every year, making
it more accurate and adding to the number of ways this
data can be shown and interpreted.
For this initial report, we have looked at 11 markets The biggest example of this is in Japan where chains
across Asia Pacific: Australia, Hong Kong, India, Indonesia, make up only 5.3% of the overall supply of hotels, but
Japan, Malaysia, New Zealand, Philippines, Singapore, 33% of rooms.
Thailand and Vietnam.
Thailand has 6% Chain hotels and 24% rooms, the
The first statistic that stands out when looking at the Philippines has 17% chain hotels and 46% Chain rooms.
chain hotel data, is how much bigger chain hotels are than
Independents. This may be self-evident given the rule of Hong Kong has 11% branded hotels making up 67%
thumb that you ‘need’ a minimum of 100 rooms to make of the rooms market.
money, certainly outside of super budget hotels, but is
worth emphasising. In other markets, the saturation is far more evident.
Singapore has 55% branded hotels making up 88% of
It’s also clear that branded hotel companies are not the room market. Indonesia has 6.5% and 33%.
interested in putting their flag on hotels that won’t make
money. For 2017, the average chain hotel had 164 rooms Damien Little, Director
and the average independent hotel had just 52. Horwath HTL Australia
Hong Kong
Chain hotels: 186
Chain rooms: 58,670
Chain penetration (hotels): 10.8%
Chain penetration (keys): 67.2%
Vietnam
Chain hotels: 356
Chain rooms: 50,686
Chain penetration (hotels): 1.7%
Chain penetration (keys): 12.1%
Philippines
Chain hotels: 283
Chain rooms: 39,993
Chain penetration (hotels): 16.7%
Thailand Chain penetration (keys): 45.9%
Chain hotels: 1,023
Chain rooms: 156,579
Chain penetration (hotels): 6.6%
Chain penetration (keys): 24.1%
Malaysia
Chain hotels: 508
Chain rooms: 95,831
Chain penetration (hotels): 10.2%
Chain penetration (keys): 29.8%
Singapore
Chain hotels: 227
Chain rooms: 56,092
Chain penetration (hotels): 55.0%
Chain penetration (keys): 88.0%
There are two areas in the industry that are particularly Robert Hecker, Managing Director
interesting at the moment. The first is the amount of Horwath HTL Asia Pacific
consolidation and M&A activity. The industry is very
cyclical, from both demand/performance and financing/
development standpoints, and we are at that point in the
cycle where a lot of capital is trying to find a home, which
is causing transactional activity to be at record levels.
Hong Kong
Total brands: 78
% of total brands: 5.2%
Domestic brands: 34
International brands: 44
Vietnam
Total brands: 94
% of total brands: 6.2%
Domestic brands: 52
International brands: 42
Philippines
Total brands: 70
% of total brands: 4.6%
Domestic brands: 39
Thailand International brands: 31
Total brands: 237
% of total brands: 15.6%
Domestic brands: 144
International brands: 93
Malaysia
Total no. of brands: 138
% of total brands: 9.1%
Domestic brands: 75
International brands: 63
Singapore
Total brands: 90
% of total brands: 5.9%
Domestic brands: 28
International brands: 62
0
100
200
300
In
don Th
es a ila
ia nd 93
285 In
Th d
ai on
la
nd es 88
237 ia
Ja In
an ia
al
ay
In sia
di 63
a 161 Si
n
M ga
al po
ay
0
5
10
20
0
50
100
150
200
In In
d
on d on
es es
ia ia 197
18.8%
Th Th
ai
la a ila
nd nd 144
15.6%
Total Brands: Domestic
Ja Ja
pan p 136
12.0% an
In In
di d 84
M a 10.7% ia
13
Key Statistics 2017
The Market
International visitor nights recorded a lower growth Australia is in the midst of a hotel development
rate of 4.8%, taking total international visitor nights to boom, with an identified 220 projects in the pipeline
265.2 million (5% annual average over the last 5 years), representing a potential addition of about 40,000 rooms.
indicating a continued decline in the length-of-stay of Sydney and Melbourne have the largest pipeline and
international visitors as Asia takes up a larger portion of are probably the best markets able to deal with the
total visitors. Domestic visitor nights in Australia recorded impact, although there are question marks on how hard
a growth of 4.8% in 2017, with total domestic visitor Melbourne may be hit. Brisbane and Perth have the
nights reaching approximately 351 million. next largest pipelines, and given that these markets are
currently depressed, new supply should continue to
Australia has a stable and mature accommodation market. depress market performance in the coming years.
The leading hotel chain, Accor, accounts for about 17%
of all identified chain hotel supply in Australia and about Key points
9% of total identified accommodation stock in the • Accor is the leader
country. Accor’s share is set to increase to 27% and The leading hotel chain, Accor, accounts for 17% of all
15% respectively following the merger with Mantra, identified chain hotel supply. This is set to increase to
Australia’s second largest hotel chain. Of the top 10 hotel 27% and 15% respectively following the merger with
chains in the country, 6 are international chains, while Mantra, Australia’s second largest hotel chain.
4 are homegrown. Chains such as Choice, Best Western
and Golden Chain have accumulated large numbers of •
International vs. domestic brand mix
properties in regional and outer suburban areas mostly Of the top 10 hotel chains in the country, 6 are
comprising motel accommodation. international chains, while 4 are homegrown.
3 homegrown brands are in the top 5 being Mantra, • Boom time for development
Quest and Oaks (although being part of Minor Oaks Australia is in the midst of a hotel development
is classified as ‘International’). These are all serviced boom, with an identified 220 projects in the pipeline
apartment brands, reflecting the domestic market’s representing a potential addition of about 40,000
preference for self-catering accommodation options. rooms.
Accor dominates for international brands with Ibis,
Novotel and Mercure all in the top 6. Ron de Wit, Managing Director
Horwath HTL Australia
CHAINS BRANDS
Rank Chain Groups Hotels Rooms Rank Chain Brands Hotels Rooms
Domestic Chain Groups Hotels Rooms Domestic Chain Brands Hotels Rooms
International Chain Groups Hotels Rooms International Chain Brands Hotels Rooms
20
285
300
15.6%
12.0%
237
10.7%
9.1%
10
8.3%
200
182
161
%
138
6.2%
126
5.9%
5.2%
94
100
90
4.6%
78
70
3.3%
50
0 0
ia
am
ia
am
ia
nd
an
ia
sia
re
ng
nd
ia
nd
an
ia
sia
re
ng
nd
ne
ne
al
es
d
es
al
po
po
p
p
Ko
Ko
ila
la
ila
la
ay
ay
In
In
n
tr
tr
pi
pi
Ja
Ja
on
on
a
a
et
et
ga
ga
a
a
al
al
lip
lip
Ze
Ze
g
g
Th
Th
Au
Au
Vi
Vi
d
d
M
M
n
n
on
on
i
i
In
In
Si
Si
Ph
Ph
ew
ew
H
H
N
N
3,000 500,000
2,624
400,000
1,732
2,000
300,000
1,251
1,223
175,659
156,579
154,651
1,023
133,357
200,000
1,000
95,831
58,670
56,092
50,686
508
39,993
100,000
25,000
356
283
260
227
186
0
ng
n
ia
Th a
nd
sia
ia
es
m
re
an
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ia
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or
pa
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al
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Ko
la
Ko
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In
ap
tr
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pp
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Au
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M
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Si
Ph
Si
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ew
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H
H
N
The Market
As a global financial centre and a gateway city, Hong In 2017, with the growth of visitor arrivals and favourable
Kong has one of the strongest-performing hotel markets economic conditions, the market ADR bounced back to
in the Asia Pacific region. As of the end of 2017, there are HKD 1,220 or USD 157. Looking forward, the market is
277 licensed hotels in Hong Kong* and 186 properties expected to have a stable supply growth with an annual
are chain hotels, representing 74% of the total rooms. growth rate of just 3% from 2018 to 2021, according
Among the chain hotel rooms, home-grown chains to Hong Kong Tourism Board. Notable supply additions
and international chains account for 43% and 57% include: the 413-room Rosewood (expected to open in
respectively. end 2018), the 129-room St Regis Hong Kong (expected
to open in early 2019) and the rebranding and re-opening
The top two chains in terms of the key count are both of the Regent Hotel (currently the InterContinental) in
home-grown chains. Harbour Plaza Hotels & Resorts 2021.
is the largest home-grown chain with 11 hotels or
7,527 rooms in operation, followed by Regal Hotels Key points
International, which has 9 hotels or 4,909 rooms. Marriott • Chains dominate the market
International has the largest room supply among the There are 277 licensed hotels in Hong Kong* and 186
international chains with 4,550 rooms, followed by IHG properties are chain hotels, representing 74% of the
with 3,740 rooms. The chains which ranked from the fifth total rooms.
to the tenth place are Dorsett Hospitality International,
L’hotel Group, Accor, Sino Hotels, Shangri-La Hotels & • Strong domestic brands
Resorts and Sun Hung Kai. The top two chains in terms of the key count are both
home-grown chains. Harbour Plaza Hotels & Resorts
Over the past five years, the market saw stable supply followed by Regal Hotels.
increase with a compound annual growth rate of only
4%. During the same time, the occupancy has been • Supply growth projections stable
consistently strong, ranging between 88% and 91%. The market is expected to have a stable supply growth
However, the market ADR experienced YOY declines from with an annual growth rate of just 3% from 2018 to
2013 to 2016, largely due to the shrinking visitor arrivals 2021, according to Hong Kong Tourism Board.
from Mainland and the appreciation of HK dollar against
currencies of major source markets. Gloria Chang, Executive Director
* Source: Home Affairs Department, HKSAR Horwath HTL Hong Kong
CHAINS BRANDS
Rank Chain Groups Hotels Rooms Rank Chain Brands Hotels Rooms
Domestic Chain Groups Hotels Rooms Domestic Chain Brands Hotels Rooms
International Chain Groups Hotels Rooms International Chain Brands Hotels Rooms
0
5
10
20
1,000
2,000
3,000
In
d on
Ja es
Luxury
pa
TOTAL
n ia
2,624 18.8%
CHAINS
Midscale
Au Th
st a ila
ra nd
lia 1,732 15.6%
In Ja
d
ia p an
In 1,251 12.0%
Chain hotels
do
ne In
si d ia 10.7%
Total % of brands
Th a 1,223 M
ai al
ay
Vi Vi
24
90
70
et
186
et
na n
Hotels
m am
Si d 260 Ph 5.2%
i
Rooms
11,115
33,095
14,391
58,670
ng lip
ng nd 3.3%
186
%
0.1%
18.9%
56.4%
24.5%
0
100
200
300
0
100,000
200,000
300,000
400,000
500,000
In
d
35
315
463
368
206
Ja on
p es
Avg Size
an ia
In 468,376 285
d on
Th
a
es ila
ia nd
Th 175,659 237
a
1
Ja
18
35
19
ila p
73
Intl.
nd an
Au 156,579 182
Chain rooms
st In
ra d
lia 154,651 ia 161
M
al
In ay
d ia sia
133,357
M
55
51
Au
CHAIN HOTELS
113
al s
Dom.
ay tr
H sia al
ia
on 95,831 126
g Vi
et
Ko
n n am
Si g 58,670 Si 94
n ga n ga
po po
H
48
Intl.
re 56,092 on re 90
9,647
4,811
g
25,463
10,957
Vi
et
n am
Ko
ng
Ph 50,686 Ph 78
ilip i lip
pi pi
N n es N ne
ew 39,993 ew s 70
21
Ze Ze
CHAIN ROOMS
a a
9580
Dom.
1,468
la la
22,138
33,207
nd nd
25,000 50
21
Key Statistics 2017
Travel volumes have been benefitted from material Vijay Thacker, Managing Director
growth in FTA which crossed 10 million in 2017. Horwath HTL India
Domestic travel is extremely robust with 1,614 million
visits made in 2016; importantly, less than 2% domestic
travel uses hotels for stay during their visit.
CHAINS BRANDS
Rank Chain Groups Hotels Rooms Rank Chain Brands Hotels Rooms
Domestic Chain Groups Hotels Rooms Domestic Chain Brands Hotels Rooms
International Chain Groups Hotels Rooms International Chain Brands Hotels Rooms
20
285
300
15.6%
12.0%
237
10.7%
9.1%
10
8.3%
200
182
161
%
138
6.2%
126
5.9%
5.2%
94
100
90
4.6%
78
70
3.3%
50
0 0
ia
am
ia
am
ia
nd
an
ia
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Ja
Ja
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Au
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Vi
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i
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Si
Si
Ph
Ph
ew
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H
H
N
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3,000 500,000
2,624
400,000
1,732
2,000
300,000
1,251
1,223
175,659
156,579
154,651
1,023
133,357
200,000
1,000
95,831
58,670
56,092
50,686
508
39,993
100,000
25,000
356
283
260
227
186
0
ng
n
lia
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Th a
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CHAINS BRANDS
Rank Chain Groups Hotels Rooms Rank Chain Brands Hotels Rooms
Domestic Chain Groups Hotels Rooms Domestic Chain Brands Hotels Rooms
International Chain Groups Hotels Rooms International Chain Brands Hotels Rooms
20
285
300
15.6%
12.0%
237
10.7%
9.1%
10
8.3%
200
182
161
%
138
6.2%
126
5.9%
5.2%
94
100
90
4.6%
78
70
3.3%
50
0 0
ia
am
ia
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H
H
N
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3,000 500,000
2,624
400,000
1,732
2,000
300,000
1,251
1,223
175,659
156,579
154,651
1,023
133,357
200,000
1,000
95,831
58,670
56,092
50,686
508
39,993
100,000
25,000
356
283
260
227
186
0
ng
n
lia
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Th a
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Demand for hotel accommodation is expected to grow Koji Takabayashi, Managing Director
significantly in the coming years as tourist arrivals Horwath HTL Japan
continue to grow. The Japanese government has set
a goal of attracting 40 million foreign visitors to Japan
during 2020 when the Tokyo Olympic Games will be
held and is implementing measures to achieve the goal.
On the other hand, in recent years, many hotel pipelines
are being promoted mainly in cities where the historical
performance has been rising against the backdrop of
vigorous accommodation demand such as Tokyo, Osaka
and Kyoto. International chains are eager to introduce
their new hotel brands to the major cities and resorts in
Japan, too.
CHAINS BRANDS
Rank Chain Groups Hotels Rooms Rank Chain Brands Hotels Rooms
Domestic Chain Groups Hotels Rooms Domestic Chain Brands Hotels Rooms
International Chain Groups Hotels Rooms International Chain Brands Hotels Rooms
20
285
300
15.6%
12.0%
237
10.7%
9.1%
10
8.3%
200
182
161
%
138
6.2%
126
5.9%
5.2%
94
100
90
4.6%
78
70
3.3%
50
0 0
ia
am
ia
am
ia
nd
an
ia
sia
re
ng
nd
ia
nd
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d
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Ko
Ko
ila
la
ila
la
ay
ay
In
In
n
tr
tr
pi
pi
Ja
Ja
on
on
a
a
et
et
ga
ga
a
a
al
al
lip
lip
Ze
Ze
g
g
Th
Th
Au
Au
Vi
Vi
d
d
M
M
n
n
on
on
i
i
In
In
Si
Si
Ph
Ph
ew
ew
H
H
N
N
3,000 500,000
2,624
400,000
1,732
2,000
300,000
1,251
1,223
175,659
156,579
154,651
1,023
133,357
200,000
1,000
95,831
58,670
56,092
50,686
508
39,993
100,000
25,000
356
283
260
227
186
0
ng
n
lia
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H
H
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CHAINS BRANDS
Rank Chain Groups Hotels Rooms Rank Chain Brands Hotels Rooms
Domestic Chain Groups Hotels Rooms Domestic Chain Brands Hotels Rooms
International Chain Groups Hotels Rooms International Chain Brands Hotels Rooms
20
285
300
15.6%
12.0%
237
10.7%
9.1%
10
8.3%
200
182
161
%
138
6.2%
126
5.9%
5.2%
94
100
90
4.6%
78
70
3.3%
50
0 0
ia
am
ia
am
ia
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Si
Si
Ph
Ph
ew
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H
H
N
N
3,000 500,000
2,624
400,000
1,732
2,000
300,000
1,251
1,223
175,659
156,579
154,651
1,023
133,357
200,000
1,000
95,831
58,670
56,092
50,686
508
39,993
100,000
25,000
356
283
260
227
186
0
ng
n
lia
ia
Th a
nd
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on
In
i
In
Si
Ph
Si
Ph
ew
ew
H
H
N
The Market
Growth in inbound visitors is the key driver of increasing Average achieved room rates increased relatively strongly
hotel demand. International visitor arrivals grew by in 2017. Major hotels achieved an average increase in
6.7% in 2017, with international visitor nights increasing ADR of 9.2%. The increase in Auckland was 11.6% and in
by 3.1%. The reduction in Average Length of Stay of Queenstown was 15.7%.
international visitors was consistent with a long-term
trend. We estimate that domestic overnight visits and
visitor nights grew by 3.0% in 2017. Key points
•
Domestic brands comprise 30%
We estimate a total of 134 million international Local New Zealand-based brands comprised 30% of all
and domestic visitor nights spent in 2017. The branded rooms, with the largest local operator being
Accommodation Survey (published by Stats NZ) shows Scenic Hotel Group (with 21% of the locally branded
that 40 million guest nights were spent in commercial hotel rooms).
accommodation (30% of the total) of which 14 million
were spent in hotels, which was an increase of 2.4% •
Increase in franchising
over the previous year. Franchising of international brands in New Zealand
increased in 2017.
Average hotel occupancy, as reported by Stats NZ,
increased from 68.4% to 69.8%. Occupancy in major •
Strong development pipeline
hotels (reported by Tourism Industry Aotearoa member There is now a strong development pipeline, with
hotels) (TIA) increased from 80.8% to 81.2%. Major hotels approximately a 50% increase in room inventory
represent approximately 60% of total hotel inventory in expected in the five main hotel centres by 2022.
New Zealand.
Stephen Hamilton, Managing Director
In the main centres where many of the international and Horwath HTL New Zealand
local brands are well represented, average occupancies
are higher. For example, Stats NZ reported that AOR in
Auckland hotels in 2017 was 81.6% and in Queenstown
was 81.9%. The AOR of the major hotels in those centres
was reported by TIA to be 86.6% and 82.5% respectively.
CHAINS BRANDS
Rank Chain Groups Hotels Rooms Rank Chain Brands Hotels Rooms
Domestic Chain Groups Hotels Rooms Domestic Chain Brands Hotels Rooms
International Chain Groups Hotels Rooms International Chain Brands Hotels Rooms
0
5
10
20
1,000
2,000
3,000
In
d on
Ja
p es
Luxury
TOTAL
an ia
2,624 18.8%
CHAINS
Midscale
Au Th
s a ila
tr nd
al
ia 1,732 15.6%
In Ja
di p
In a 1,251
an
12.0%
d
Chain hotels
on In
es
ia d ia 10.7%
Total % of brands
Th 1,223 M
a al
Vi Vi
20
60
et
260
et 180
na n
Hotels
Ph m 356
am
6.2%
Si
i lip n ga
an ng
Si d 260 Ph 5.2%
3,175
4,000
i
Rooms
17,825
25,000
ng lip
12.7%
71.3%
16.0%
-
0
100
200
300
0
100,000
200,000
300,000
400,000
500,000
In
d
96
99
67
159
Ja on
p es
Avg Size
an ia
In 468,376 Th 285
do a
ne ila
s ia nd
Th 175,659 237
a
-
Ja
19
30
ila p
Intl.
131
180
nd an
Au 156,579 182
s
Chain rooms
tr In
al
ia d
154,651 M ia 161
al
In ay
di sia
a 133,357
M
80
49
30
Au
CHAIN HOTELS
al s
Dom.
ay tr
H sia al
ia
on 95,831 126
g Vi
et
Ko
ng n am
Si 58,670 Si 94
n ga n ga
-
po po
H
Intl.
re 56,092 re 90
2,861
2,500
on
12,139
17,500
Vi
et g
n am
Ko
ng
Ph 50,686 Ph 78
i lip i lip
pi pi
N ne N ne
ew s 39,993 ew s 70
-
Ze Ze
312
CHAIN ROOMS
a a
Dom.
5,688
1,500
7,500
la la
nd nd
25,000 50
41
Key Statistics 2017
The country’s hotel market used to be dominated by • Gaming industry taking advantage of hotel demand
home-grown brands, but the booming tourist market With the rise in demand for hotel rooms, the gaming
of recent years has increased the importance of industry is also expected to benefit with many mixed-
international chain hotels. International chain’s hotel use and casino developments have been developed or
development is expected to accelerate between now announced.
and 2021, especially in top city destinations. In the
coming years, Bay City is expected to be the leading Damien Little, Director
area for hotel construction with 2,700 rooms Horwath HTL Australia
(Source: The Philippines Star).
CHAINS BRANDS
Rank Chain Groups Hotels Rooms Rank Chain Brands Hotels Rooms
Domestic Chain Groups Hotels Rooms Domestic Chain Brands Hotels Rooms
International Chain Groups Hotels Rooms International Chain Brands Hotels Rooms
20
285
300
15.6%
12.0%
237
10.7%
9.1%
10
8.3%
200
182
161
%
138
6.2%
126
5.9%
5.2%
94
100
90
4.6%
78
70
3.3%
50
0 0
ia
am
ia
am
ia
nd
an
ia
sia
re
ng
nd
ia
nd
an
ia
sia
re
ng
nd
ne
ne
al
al
es
d
es
po
po
p
p
Ko
Ko
ila
la
ila
la
ay
ay
In
In
n
tr
tr
pi
pi
Ja
Ja
on
on
a
a
et
et
ga
ga
a
a
al
al
lip
lip
Ze
Ze
g
g
Th
Th
Au
Au
Vi
Vi
d
d
M
M
n
n
on
on
i
i
In
In
Si
Si
Ph
Ph
ew
ew
H
H
N
N
3,000 500,000
2,624
400,000
1,732
2,000
300,000
1,251
1,223
175,659
156,579
154,651
1,023
133,357
200,000
1,000
95,831
58,670
56,092
50,686
508
39,993
100,000
25,000
356
283
260
227
186
0
ng
n
lia
ia
Th a
nd
sia
es
am
an
ia
nd
lia
ia
sia
re
nd
es
si
or
pa
an
n
d
es
d
na
po
in
ra
n
ra
Ko
la
Ko
ay
ne
ila
la
ay
In
In
n
ap
pi
Ja
al
Ja
pp
on
st
ai
et
st
a
et
ga
al
al
do
Ze
lip
Ze
ng
g
Au
Th
Au
Vi
Vi
M
ili
M
on
n
on
In
i
In
Si
Ph
Si
Ph
ew
ew
H
H
N
The Market
From the 90 brands currently presented in the market, Capitol Singapore (157 rooms), two Far East Hospitality
more than 72% are international. Amongst the projects in Sentosa – The Outpost (193 rooms) and
international chains, Accor has the largest room supply in the Village Hotel Sentosa (606 rooms). Other hotels
the market with 12 hotels and 5,404 rooms. Meanwhile, scheduled to open in 2019 are the EDITION by Marriott
Far East Hospitality is the largest home-grown brand with (190 keys), Singapore’s second YOTEL at Changi Jewel
17 hotels with 3,647 rooms. (130 keys) and the Capri by Fraser (306 rooms) at China
Square Central.
As a mature market, Singapore’s market average
occupancy has been consistently strong over the past Key points
seven years, hovering between 83 and 84%. Meanwhile, • Chains are king
the country’s RevPAR moved sideways for two years The hotel market is dominated by chain hotels,
since 2013 before entering a 3-year decline and currently representing 83% of total gazetted hotel rooms.
stands at SGD 182 in 2017.
• International brands and Accor dominate
According to STB, there are 420 gazetted hotels with a From the 90 brands currently presented in the market,
total of 67,085 available rooms as of December 2017. The more than 72% are international. Amongst the
room supply more than doubled between 2007 and 2017. international chains, Accor has the largest room supply
However, a different picture emerges in the next few in the market with 12 hotels and 5,404 rooms.
years as supply growth will taper off significantly, which
is mainly due to the Urban Redevelopment Authority’s • Strong demand being managed
(URA) deliberate strategy to slow the pace of hotel Supply growth will taper off significantly, which is
development in the city state. mainly due to the Urban Redevelopment Authority’s
(URA) deliberate strategy to slow the pace of hotel
List of notable supply expected to come online in 2018 development in the city state.
includes: the two Six Senses (49 rooms and 120 rooms)
properties and the re-opening of the Raffles Hotel (115 Robert Hecker, Managing Director
rooms) mid-year after an extensive restoration. Looking Horwath HTL Asia Pacific
further ahead to 2019, many new projects are expected
to complete including the Dusit Thani (206 rooms) at the
Laguna National Golf and Country Club, potentially the
CHAINS BRANDS
Rank Chain Groups Hotels Rooms Rank Chain Brands Hotels Rooms
Domestic Chain Groups Hotels Rooms Domestic Chain Brands Hotels Rooms
International Chain Groups Hotels Rooms International Chain Brands Hotels Rooms
0
5
10
20
1,000
2,000
3,000
In
d on
Ja es
Luxury
pa
TOTAL
n ia
2,624 18.8%
CHAINS
Midscale
Au Th
st a ila
ra nd
lia 1,732 15.6%
In Ja
d
ia p an
In 1,251 12.0%
Chain hotels
do
ne In
si d ia 10.7%
Total % of brands
Th a 1,223 M
ai al
ay
49
65
76
37
et
227
et
Ph m 356
am
6.2%
Si
ili
pp n ga
N in H
po
ew es
283 on re 5.9%
Ze g
al Ko
an ng
Si d 260 Ph 5.2%
3,274
i
Rooms
20,021
20,177
12,620
56,092
ng lip
g Ze
a
Ko la
ng nd 3.3%
186
%
5.8%
35.7%
36.0%
22.5%
0
100
200
300
0
100,000
200,000
300,000
400,000
500,000
In
d
88
247
409
310
166
Ja on
p es
Avg Size
an ia
In 468,376 285
d on
Th
a
es ila
ia nd
Th 175,659 237
a
6
Ja
44
41
22
ila p
Intl.
113
nd an
Au 156,579 182
Chain rooms
st In
ra d
lia 154,651 ia 161
M
al
In ay
d ia sia
133,357
M
24
54
31
Au
CHAIN HOTELS
114
al s
Dom.
ay tr
H sia al
ia
on 95,831 126
g Vi
et
Ko
n n am
Si g 58,670 Si 94
n ga n ga
po po
H
Intl.
re
272
56,092 on re 90
5,794
g
37,772
17,485
14,221
Vi
et
n am
Ko
ng
Ph 50,686 Ph 78
ilip i lip
pi pi
N n es N ne
ew 39,993 ew s 70
Ze Ze
CHAIN ROOMS
a a
Dom.
2,536
5,956
6,826
3,002
la la
18,320
nd nd
25,000 50
49
Key Statistics 2017
The Market
While Thailand still offers value for money, it has now Meanwhile, Centara Hotel Group is the largest home-
become a hotspot for luxury with more five-star resorts, grown chain with close to 6,300 rooms across the
spas, and hotels as well as a center for medical tourism country, of which Centara Grand and Centara contribute
and wellness. 47% and 40% of total rooms respectively. Aspira
Hospitality has the largest portfolio with 41 hotels,
Historically, the majority of hotel development were however, their properties tend to be much smaller than
concentrated in Bangkok, the hub of tourism and traveling other brands.
in Thailand. However, the country has developed/
upgraded international airports in other provinces to Key points
support their tourism growth, which led to a rise in hotel • Strong demand means rooms
development including Pattaya, Phuket, Chiang Mai, Thailand is the ninth most-visited country in the world
Krabi, and Koh Samui (Surat Thani). The number of rooms and the most visited country in Southeast Asia.
supply more than doubled between 2000 and 2015
(Source: Bank of Ayudhya, UNWTO). This expansion • Fewer but bigger
comprises home-grown hotel chains, independent hotels, Overall supply of chain hotels is small, with only 6% of
and international hotel chains. the market, but they make up 24% of the rooms. The
chain hotels are much larger than their domestic rivals,
In Thailand, home-grown chain hotels tend to be smaller averaging 153 rooms, versus 42 for independent hotels.
than international chain hotels by number of rooms. Thus,
despite the relatively low penetration by number of hotels • Accor strong. Again
at 6.6%, the international chain’s penetration by number Amongst the international chains, Accor dominates
of rooms is 24%. the market with the largest portfolio and largest room
supply, with three of its brands placed in the top 10.
Amongst the international chains, Accor dominates the
market with the largest portfolio and largest room supply, Nikhom Jensiriratanakorn, Director
with three of its brands placed in the top 10 (Novotel, Horwath HTL Asia Pacific
Ibis, and Pullman). Marriott International and IHG are in
second and third place.
CHAINS BRANDS
Rank Chain Groups Hotels Rooms Rank Chain Brands Hotels Rooms
Domestic Chain Groups Hotels Rooms Domestic Chain Brands Hotels Rooms
International Chain Groups Hotels Rooms International Chain Brands Hotels Rooms
20
285
300
15.6%
12.0%
237
10.7%
9.1%
10
8.3%
200
182
161
%
138
6.2%
126
5.9%
5.2%
94
100
90
4.6%
78
70
3.3%
50
0 0
ia
am
ia
am
ia
nd
an
ia
sia
re
ng
nd
ia
nd
an
ia
sia
re
ng
nd
ne
ne
al
al
es
d
es
po
po
p
p
Ko
Ko
ila
la
ila
la
ay
ay
In
In
n
tr
tr
pi
pi
Ja
Ja
on
on
a
a
et
et
ga
ga
a
a
al
al
lip
lip
Ze
Ze
g
g
Th
Th
Au
Au
Vi
Vi
d
d
M
M
n
n
on
on
i
i
In
In
Si
Si
Ph
Ph
ew
ew
H
H
N
N
3,000 500,000
2,624
400,000
1,732
2,000
300,000
1,251
1,223
175,659
156,579
154,651
1,023
133,357
200,000
1,000
95,831
58,670
56,092
50,686
508
39,993
100,000
25,000
356
283
260
227
186
0
ng
n
lia
ia
Th a
nd
sia
es
am
an
ia
nd
lia
ia
sia
re
nd
es
si
or
pa
an
n
d
es
d
na
po
in
ra
n
ra
Ko
la
Ko
ay
ne
ila
la
ay
In
In
n
ap
pi
Ja
al
Ja
pp
on
st
ai
et
st
a
et
ga
al
al
do
Ze
lip
Ze
ng
g
Au
Th
Au
Vi
Vi
M
ili
M
on
n
on
In
i
In
Si
Ph
Si
Ph
ew
ew
H
H
N
CHAINS BRANDS
Rank Chain Groups Hotels Rooms Rank Chain Brands Hotels Rooms
Domestic Chain Groups Hotels Rooms Domestic Chain Brands Hotels Rooms
International Chain Groups Hotels Rooms International Chain Brands Hotels Rooms
0
5
10
20
1,000
2,000
3,000
In
d on
Ja es
Luxury
pa
TOTAL
n ia
2,624 18.8%
CHAINS
Midscale
Au Th
st a ila
ra nd
lia 1,732 15.6%
In Ja
d
ia p an
In 1,251 12.0%
Chain hotels
do
ne In
si d ia 10.7%
Total % of brands
Th a 1,223 M
ai al
ay
52
29
et
356
140
135
et
na n
Hotels
Ph m 356
am
6.2%
Si
ili
pp n ga
N in H
po
ew es
283 on re 5.9%
Ze g
al Ko
an ng
d 5.2%
757
260
i
Rooms
13,012
27,340
50,686
ng lip
or ne
H e 227 ew s 4.6%
on
g Ze
a
Ko la
ng nd 3.3%
186
%
1.5%
25.7%
53.9%
18.9%
0
100
200
300
0
100,000
200,000
300,000
400,000
500,000
In
d
71
26
142
250
195
Ja on
p es
Avg Size
an ia
In 468,376 285
d on
Th
a
es ila
ia nd
Th 175,659 237
a
5
0
Ja
31
44
ila p
80
Intl.
nd an
Au 156,579 182
Chain rooms
st In
ra d
lia 154,651 ia 161
M
al
In ay
d ia sia
133,357
Au
130
CHAIN HOTELS
276
al s
Dom.
ay tr
H sia al
ia
on 95,831 126
g Vi
et
Ko
n n am
Si g 58,670 Si 94
n ga n ga
-
po po
H
Intl.
re
843
56,092 on re 90
7,738
9,064
g
17,645
Vi
et
n am
Ko
ng
Ph 50,686 Ph 78
ilip i lip
pi pi
N n es N ne
ew 39,993 ew s 70
Ze Ze
757
CHAIN ROOMS
a a
Dom.
5,274
8,734
la la
18,276
33,041
nd nd
25,000 50
57
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