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.
This story is from the Annual Issue 2020 edition of d+a.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the Annual Issue 2020 edition of d+a.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Timeless Elegance
Italian architect, designer, and art director Pierro Lissoni’s vision for B&B Italia is characterised by his personal design sensibilities.
Revitalising Communities Through Eco-Tourism
How can design contribute to environmental conservation and create sustainable communities? This is a question explored by Chat Architects, an architectural firm based in Chonburi province in Thailand.
art meets minimalism
Jay Osgerby, co-founder of Barber Osgerby, shares how AXOR One Collection is set to change the future of bathroom design.
enduring legacy
Vipp's CEO Morten Woldum tells us about the Danish company's pursuit of long-lasting quality and meticulous designs
in harmony with nature
Palace Hotel Tokyo’s Art Collection opens a window to the world of Japanese art based on the concept of inheriting tradition but with an innovative spirit.
seasonal expressions
Vibrant colours of the season are depicted in the striking ceiling installation at the newly refurbished Le Du in Bangkok.
preserving lanna heritage for future generation
The new InterContinental Chiang Mai The Mae Ping's updated design pays homage to Northern Thailand's Lanna culture.
blank canvas
A family home’s white backdrop frames the tranquillity and greenery of Half Moon Island Wetland Park in Foshan, China.
three of a kind
This multigenerational residence brings its occupants together while allowing them to maintain their individual lifestyles.
ichll of discovery
Formzero's Borderless House blurs the boundaries of conventional living, distilling serenity sublimity and surprise in a gardened and Miesian-inspired abode.