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.
Bu hikaye d+a dergisinin Annual Issue 2020 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye d+a dergisinin Annual Issue 2020 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Giriş Yap
Elevated Living
This spacious abode in Cape Town in South Africa features a "garden in the sky" and an open-plan living space with views of the city below.
Thirty Years Of Transformative Design
Mr Philippe Starck along with 80 designers from Asia were invited to celebrate the 30th Anniversary of AXOR x Philippe Starck in Shanghai in March 2024.
Spring To Life
Kengo Kuma Associates completes Japan’s first zero-energy hotel in the city of Saijo, famous for its abundant spring water.
Back To The Future
Highlights of Singapore designers’ showcase at Milan Design Week’s Future Impact 2.
Undivided Duality
Slicing through a sedate suburban hollow is a multigenerational home of sharp, intrepid architecture.
The Tie That Binds
The meticulously restored Rumah Kechik in Malacca features well-preserved architectural features, traditional local craftsmanship as well as modern design elements.
Modern Family Retreat
This four-storey home in Singapore’s Paya Lebar neighbourhood boasts a brick interior for warmth and cosiness and private spaces for quiet relaxation.
The Beauty Of Unpredictability
Bocci’s founder and creative director Omer Arbel pushes the boundaries of design through experimentation, research and collaboration.
opulent living
Etro Home Interiors and Gianfranco Ferré Home launch new collections where classic meets contemporary
intuitive matters
Banyan Group founder and executive chairman KP Ho tells us about his vision for new eco-friendly projects.