THINC Indonesia 2024: Strategic Insights - A Deep Dive with STR

𝐉𝐞𝐬𝐩𝐞𝐫 𝐏𝐚𝐥𝐦𝐪𝐯𝐢𝐬𝐭, 𝐀𝐫𝐞𝐚 𝐃𝐢𝐫𝐞𝐜𝐭𝐨𝐫 - 𝐀𝐬𝐢𝐚 𝐏𝐚𝐜𝐢𝐟𝐢𝐜, 𝐒𝐓𝐑 - APAC’s prominent authority on hotel performance data, he shared some critical insights into the state of the region’s travel industry.
𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬:
📊 Demand has been strong around the world, but the growth pace has expectedly slowed down
📊 Outbound travel from China has gone up on the back of lower airline fares. By next year, the volume should recover to pre-COVID levels
📊 The other big change to outbound travel from China is the movement of FITs instead of large groups
The indicative levels of revenue growth mean that managing costs is the need of the hour for hotels across the region
Stay tuned for more!
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