Social media, Airbnb, climate change, digitisation. These are but some of the major disrupters of the hospitality industry.
In spite of that, hotels seem to be popping up like mushrooms everywhere, particularly in Asia, each vying for travellers’ attention.
“Strong demand fundamentals with a positive long-term outlook,” reasons Govinda Singh, Executive Director, Valuation and Advisory Services, Asia for Colliers International.
Singh feels that this is a trend that will keep up as long as it is cheaper for hotel owners to build than buy.
“In addition, as demand grows, and given the availability of development finance, it is likely we will continue to witness further development across the region. There is still room for growth, underpinned by the continued growth of the middle class and HNWI.”
This spells good news for architects and designers who are active in this industry, or who want to do more work in hospitality.
Innovative concepts that are sustainable, financiallysound and multi-generation-friendly, advises Singh, will be favoured.
Denne historien er fra Annual Issue 2020-utgaven av d+a.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra Annual Issue 2020-utgaven av d+a.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Clean, Green, And Connected
Skyblox Co-Living in Kuala Lumpur, Malaysia is leading the way to sustainable and uplifting urban housing
Custom Production Boosts This Manufacturer's Position
Danovel's expertise in custom services is buoyed by advanced technology and trends awareness
Three Strategies To See If AI Creativity Is Limited Or Limitless
The two columns have exactly same sentences but with completely different meanings when read in reverse. We all see exactly the same AI, but each of us can come to completely different conclusions whether AI creativity is limited or limitless.
focus on quality and innovation
Despite proven capability in supplying furniture to large-scale projects, Design Studio Vito Selma requires no minimum order
filling in the gaps
Leading manufacturers introduce highly innovative solutions in response to the evolving uses of the kitchen
where beauty, meaning and function meet
Great design should be able to enrich people's experience of their surroundings
unpacking titoudao
Goh Boon Teck directs and designs his multiple-award-winning play with copious amount of research and experimentation
range rover velar unveiled
Innovative technology has been put to excellent use in updating the design of the Range Rover Velar
nature guiding nurture
A luxury resort obtains inspiration from ecological protection and local motifs
past to present
A thoughtful restoration revives the glory of a national monument and a neighbouring conserved building and brings them up to current standards