Global Spa Summit Reports Asia-Pacific Spa Industry's Healthiest Region
The Global Spa Summit reports that it is excellent timing for the Global Spa Summit (GSS) to be in Asia this year because of positive growth aspects and the region’s healthy spa development pipeline.
'The industry analysts and regional experts speaking and facilitating discussions at this year’s Summit will share the most cutting-edge information about this region as well as other parts of the globe that affect your business today. I can’t imagine anyone missing this opportunity.
Here are a few facts about the Asia-Pacific region from GSS board member Susie Ellis, president of SpaFinder.
- Quickest Economic Rebound: For Asia-Pacific hotels, the falloff from the global recession was the briefest, and the recovery the fastest. Occupancy, Average Daily Rate, and RevPAR all clocked double-digit increases in 2010 over 2009.
- Unmatched Hotel Pipeline: Asia-Pacific has the largest number of hotels and spas under development of any region worldwide: 2,009 total hotel projects (484,161 rooms). Seventy-seven percent of 2011 Asian hotel expansion is earmarked for China and India.
- China & India: The 1,248 hotel projects (336,349 rooms) in China represent one of the largest hotel pipelines, with 35% of the world’s total hotel projects. India boasts the second-fastest-growing Asian pipeline, with 450-plus projects (nearly 80,000 rooms) under construction.
- Explosive International Brand Expansion: The 33,000 luxury rooms under construction in the Asia-Pacific are being developed by some 25 brands, with Shangri-La, InterContinental, and Kempinski contributing nearly 14,000 rooms to the mix. Other major brand movers: Accor, Banyan Tree, Conrad Hotels & Resorts, Hyatt, Langham Hotels, Mandara, Marriott International, Starwood Hotels & Resorts, Taj Resorts, and Hotels & Palaces.
- Tourism Powerhouse: Asia-Pacific outbound travel broke records in 2010, growing 15% from 2009. China, South Korea, Vietnam, and Malaysia all saw 20 precent-plus outbound tourism increases, while Taiwan, Japan, Singapore, and India also clocked double-digit growth. By 2020,the number of Chinese outbound travelers is predicted to double, while the number of Indians traveling abroad should grow five-fold.
Click here for more information on the 2011 Global Spa Summit in Bali, Indonesia May 15-19