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Colliers Hotel Insights | Q2 2021

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Colliers APAC CIVAS Hotel Insights Q2 2021 report

Your quarterly digest of key trends in the hospitality sector – brought to you by our hotels and leisure experts.


The performance of Sydney and Japan hotels are expected to be driven by increasing domestic travel on the rollout of vaccinations, while international visitors won’t arrive in masses anytime soon.

In addition, Asia’s cruise industry has been recovering quickly as operators nimbly tap into pent-up travel demand, which could grow further with mass vaccinations in Asia and globally.

In the past quarter, hotel deals remained at historically low levels, as owners hold rather than sell assets at a discount, given support from banks and governments.

In Colliers Hotel Insights | Q2 2021, we look at:
  • Why invest in hotels?
  • How increasing interstate travel should improve Sydney hotel performance
  • Domestic demand to prop up Japan's accommodation market
  • Recommendations for hotel investors amid limited deals, as hotel owners wait and see
  • The rapid recovery of the cruise industry in H1 2021

Download the report below. For further market insights and in-depth discussions on key trends and opportunities across the Asia Pacific hospitality sector, please contact Govinda Singh and Gus Moors.


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Colliers Hotel Insights | Q2 2021

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Singapore

Govinda Singh

Executive Director | Asia

Hotels & Leisure

Singapore

Govinda, a member of RICS and registered valuer, is a chartered certified accountant with a postgraduate diploma in economics and a certificate in business valuations, who began his career at Pricewaterhouse in audit and tax advisory.

Having worked as an Operations Manager for Hilton, he was the Financial Controller at the luxury Lanesborough Hotel, at which time he worked closely with the Rosewood and Starwood hotel groups at both the local and corporate level.

Govinda joined PKF in London in 2005 where he was a Managing Consultant within the Hotels and Leisure Valuation and Consulting  practice. He subsequently joined BDO’s Real Estate Valuation and Consulting  team in 2012, where he was a Director responsible for the EMEA, Caribbean and Asia-Pac regions.

Govinda joined Cushman & Wakefield Singapore in 2015 where he was a Director within the Asia-Pac Valuation and Advisory team.

He is now an Executive Director at Colliers International advising on, and valuing investments involving mixed-use, specialist and alternative asset classes across Asia and further afield.

He is also one of Colliers’ dedicated specialist portfolio advisors and valuers in the region, and globally.

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