daniel j voellm
HVS Guide to Hotel Management Contracts
Eunice Wong | October 22, 2020
By Eunice Wong, Daniel J Voellm HVS Guide to Hotel Management Contracts is an extensive collation and comparison of key terms and clauses of management contracts to across the United States of America, Europe, and the Asia Specific region. This report presents the critical survey results. Download document (657 KB)...
The Annual HVS Asia-Pacific Hotel Operator Guide 2018 – Excerpt
Pawinee Chaisiriroj | June 25, 2018
By Pawinee Chaisiriroj and Daniel J Voellm HVS Asia Pacific proudly presents to you the Fifth Edition of the annual Asia Pacific Hotel Operator Guide. Talking to stakeholders in the industry, this publication has become increasingly sought after by the market to evaluate potential candidates to operate a hotel property anywhere in Asia-Pacific. Distribution power, market experience, brand portfolio and geographic presence are all relevant factors in narrowing down the best match. In this fifth edition, HVS has captured over one million existing and more than half a million pipeline rooms spread over 8,395 properties. Download the Annual...
The HVS Quarterly Macau Update
Christy Tung | April 30, 2018
By Christy Tung and Daniel J. Voellm With the introduction of various family-oriented resorts in the Cotai Strip, more diversified tourist base is embracing Macau as a destination, as compared to the casino crowd in the downtown area of old. The wide range of activities offered in these resorts, from gaming to non-gaming, have led tourists to visit Macau. The newly-opened resorts induced demand, notably tourists from mainland China, South Korea, and Japan, which greatly improved hotel performance in both occupancy and average rate (ADR). Macau Visitor Arrivals The results of diversifying Macau tourism from solely a gaming hub to a famil...
China – Hotel Asset Management in Numbers
Daniel J Voellm | December 28, 2017
By Daniel J Voellm ABSTRACT A period of irrational hotel development drive by ulterior motives has seen properties being built that are not economical in operations, use of real estate and ultimately investment. The industry must depart from its obsession with full-service hotels and embrace more realistic investment criteria, should hotels ever become a trading asset class with reasonable liquidity, attracting investors from around the globe. Controlling labor cost is paramount and too many properties cannot drive sufficient business to justify their expenses. Most hotels are too large, both in number of units and gross floor area and ...
The HVS Quarterly Macau Update
Christy Tung | December 4, 2017
By Christy Tung and Daniel J Voellm The past two years have been a difficult period for Macau since the Chinese President Xi Jingping announced a campaign to crackdown corruption and government official's lavish spending, triggering significant slumps in visitor arrivals and revenue growth in the tourism and gaming sectors in Macau. After two years as of 2017, Macau's resilience has been demonstrated through the growing visitor arrivals, hotel performance, and casino revenue, even after the detrimental Typhoon Hato. Macau On 23 August 2017, the Category-10 Typhoon Hato struck Macau to become the worst natural disaster the city had encou...
The HVS Quarterly Hong Kong Update
Christy Tung | November 30, 2017
By Christy Tung and Daniel J Voellm The third quarter of 2017 recorded the highest number of mainland Chinese arrivals since the same period in 2015, which bodes well for Hong Kong tourism. Safety concerns towards other destinations in the region and fewer headline-making news about Hong Kong are the key contributors to the increase in visitor arrivals from mainland China. Thus, the tourism and the retail sectors in Hong Kong enjoyed a steady recovery after a slump in mainland arrivals in 2016. Hong Kong Visitor Arrivals The robust 2.2% growth to 42.6 million visitor arrivals in Hong Kong during the first nine months of 2017 is a strong...
Hotel Market Update on Taiwan
Christy Tung | September 21, 2017
By Christy Tung and Daniel J Voellm With increasing strained relations between Beijing and Taipei, Taiwan has been reducing its dependency on mainland China by improving its tourism relationships with other countries. Though the number of Mainland Chinese visitors fell dramatically, the number of visitor arrivals to Taiwan decreased only modestly in the second quarter of 2017 to 2.6 million. Visa exemptions to Southeast Asian visitors, improved air connectivity, and promotions around the country's tourist spots have expanded the scope and diversity of Taiwan's tourism economy. Overall, arrivals from all the major feeder markets except m...
The HVS Quarterly Hong Kong and Macau Update
Christy Tung | August 30, 2017
By Christy Tung and Daniel J Voellm The reverberation from the sharp declines in mainland China visitor arrivals post-2014 echoed into the first quarter of 2016, negatively impacting hotel markets across the region, especially in Hong Kong and Macau. Given that both cities are less than an hour away from mainland China, they suffered from the new restrictions placed on Chinese citizens. For Hong Kong, this included a limit to one visit per week from neighbouring Shenzhen, and for Macau, a stricter control over gaming activities to reduce corruption. However, the market appears to have bottomed out and growth is beginning to stabilize. H...
