{"id":117014,"date":"2020-06-10T08:30:20","date_gmt":"2020-06-10T01:30:20","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/eight-out-of-10-asia-pacific-hotels-had-to-close-at-peak-of-coronavirus-pandemic-colliers-estimates\/"},"modified":"2020-06-10T09:03:43","modified_gmt":"2020-06-10T02:03:43","slug":"eight-out-of-10-asia-pacific-hotels-had-to-close-at-peak-of-coronavirus-pandemic-colliers-estimates","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/eight-out-of-10-asia-pacific-hotels-had-to-close-at-peak-of-coronavirus-pandemic-colliers-estimates\/","title":{"rendered":"Eight out of 10 Asia-Pacific hotels had to close at peak of coronavirus pandemic, Colliers estimates"},"content":{"rendered":"


\nEight out of 10 hotels in Asia-Pacific had to temporarily close down at the height of the Covid-19 pandemic in the first three months of the year, according to property consultancy Colliers. That is likely to lead to losses of at least US$50 billion in first-half revenues for the segment. \u201cThe number of hotels that temporarily closed down varies across markets, but eight out of 10 hotels would have been closed at the peak of the pandemic especially in hard hit markets such as Wuhan and\u2026
\n
\nSource : South China Morning Post
\nRead more…Eight out of 10 Asia-Pacific hotels had to close at peak of coronavirus pandemic, Colliers estimates<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Eight out of 10 hotels in Asia-Pacific had to temporarily close down at the height...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-117014","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-urk","jetpack-related-posts":[{"id":116597,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-hotels-are-down-on-their-knees-as-two-in-three-rooms-sat-empty-in-asian-hospitality-industrys-first-quarter-slump\/","url_meta":{"origin":117014,"position":0},"title":"Hong Kong\u2019s hotels are down on their knees as two in three rooms sat empty in Asian hospitality industry\u2019s first-quarter slump","date":"May 22, 2020","format":false,"excerpt":"\r Hong Kong hotels were the biggest losers in Asia\u2019s hospitality industry in the first-quarter, as travel bans and lock-down orders to contain the global coronavirus pandemic kept business travellers and tourists away, hitting the financial hub particularly hard.Average nightly room rate across all categories of hotels plunged 41.5 per\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119095,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-fund-alta-capital-readies-war-chest-to-pounce-on-coronavirus-battered-hotels-spa-resorts-in-asia-pacific\/","url_meta":{"origin":117014,"position":1},"title":"Private fund Alta Capital readies war chest to pounce on coronavirus-battered hotels, spa resorts in Asia-Pacific","date":"November 3, 2020","format":false,"excerpt":"\r Distress in the hotel and wellness property segments is likely to be more pronounced next year as the coronavirus pandemic continues to devastate the travel and tourism industry, according to the founder of a newly-launched private equity fund.With a likely 20 to 30 per cent discount in prices of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117916,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/marriott-opens-800th-property-in-asia-aims-for-50-more-this-year-even-as-covid-19-pandemic-keeps-hotels-shuttered\/","url_meta":{"origin":117014,"position":2},"title":"Marriott opens 800th property in Asia, aims for 50 more this year even as Covid-19 pandemic keeps hotels shuttered","date":"July 22, 2020","format":false,"excerpt":"\r A fifth of Marriott International\u2019s hotels in Asia-Pacific remain closed as the Covid-19 pandemic continues to wreak havoc on the travel industry.Though the number is now much smaller than the 50 per cent that were shuttered at the height of the outbreak, it illustrates the industry\u2019s struggle against a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121878,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cbre-appoints-two-senior-level-hires-to-asia-pacific-hotels-team\/","url_meta":{"origin":117014,"position":3},"title":"CBRE appoints two senior-level hires to Asia Pacific hotels team","date":"September 8, 2021","format":false,"excerpt":"\r Steve Carroll (pictured left)\u00a0has been appointed\u00a0Head of Hotels and Hospitality for the region, while David Ling (pictured right) will join as Managing Director. Source: CBRE CBRE has made two senior appointments to its Asia Pacific hotels team, with Steve Carroll joining as Head of Hotels and Hospitality for the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/09\/CBRE.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":108008,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hotels-brace-for-pain-of-worsening-us-china-trade-war-pain-as-consumers-likely-to-cut-non-essential-spending\/","url_meta":{"origin":117014,"position":4},"title":"Hotels brace for pain of worsening US-China trade war pain as consumers likely to cut non-essential spending","date":"June 12, 2019","format":false,"excerpt":"\r Hotel occupancy rates and \u00adrevenues in Asia-Pacific fell in the first quarter as the worsening \u00adUS-China trade war dented consumer confidence, according to a report by property agency Colliers International.\r\rRevenue per available room, a key measure of hotel performance, dropped 7.2 per cent year on year in the first\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":171954,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/asia-pacific-home-to-more-than-a-third-of-worlds-top-finance-centres-colliers\/","url_meta":{"origin":117014,"position":5},"title":"Asia-Pacific home to more than a third of world\u2019s top finance centres: Colliers","date":"June 10, 2026","format":false,"excerpt":"\r Asia-Pacific cities account for 39 per cent of the top global financial services companies and about 36 per cent of the world\u2019s leading financial centres, Colliers said. Supported by strong labour markets and venture capital activity, cities such as Singapore, Beijing, Shanghai and Hong Kong ranked among the region\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/117014"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=117014"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/117014\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=117014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=117014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=117014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}