A quarterly digest of key trends in the hospitality sector
It is evident that the recent escalation in the trade dispute and political impasse between the USA and China is starting to weigh on business and consumer confidence, thereby tempering demand growth. This, combined with movements in forex, the Mount Agung eruption, and the fall in the number of Chinese visitors to Thailand, together with new supply in some destinations has all significantly impacted performance. However, we note that intra‐Asia and growing domestic travel in the larger destinations across Asia, is likely to continue to underpin demand in the region. As such, we would expect some upturn in performance in the coming months. On that note, good reading!