by Ross Woods | May 22, 2020 | Blog, Indonesia
Hotels throughout Indonesia experienced a significant negative price momentum in the first quarter of 2020 due the impact of the Covid-19 pandemic according to the most recent Commercial Property Survey undertaken by Bank Indonesia. On an annual basis ending 1Q 2020,...
by Ross Woods | Apr 23, 2020 | Blog
The current pandemic crisis, caused by COVID-19 is likely to have a lasting impact on Indonesia’s luxury and upscale hotel brands. The industry is likely to witness a consolidation of brands after the proliferation of brands in recent years. The smaller brands...
by Ross Woods | Apr 15, 2020 | Blog
2020 promises to be the most challenging year on record for the U.S. lodging industry. While the U.S. economy appears to be at a standstill at the moment, it is likely to limp forward in fits and starts for the remainder of 2020 and faces a long, hard road to...
by Ross Woods | Apr 10, 2020 | Blog
Making detailed projections about the timing and nature of the recovery of foreign visitors to Indonesia might seem like a fool’s errand at this stage of the COVID-19 pandemic. Despite the unprecedented levels of uncertainty and the serious limits of predictability we...
by Ross Woods | Mar 25, 2020 | Blog
As governments around the world grapple with the enormity of the current economic downturn caused by the COVID-19 pandemic, hospitality operators seek to forecast the depth and duration of the current downturn. With occupancy rates dropping to as low as 20% for many...