In HM’s 2024-2025 Hotel Development Outlook, EVT Director of Hotels and Resorts, Norman Arundel, talks flexible management models, responding to market shifts and managing volatility.
As we look forward to the year ahead, EVT is driven by a strong growth agenda that prioritises meaningful expansion. Our ongoing focus is to grow our portfolio by outperforming the market, through flexible new hotel management models and entry into new markets, especially Southeast Asia.
By achieving this expansion and delivering operational excellence, we will continue to build strong relationships with our hotel owners and attract and retain top talent across our EVT Elevate program.
The performance of our current hotel portfolio has seen steady growth over the past year. We consistently match, and often exceed market share and guest satisfaction standards set by global hospitality businesses.
One of EVT’s advantages lies in our agile operating models and our investment into technology. Having local decision makers enables us to quickly respond to market shifts and stay ahead of the innovation curve, which will become increasingly important in the year ahead with continued market volatility.
In recent years, we’ve strategically expanded our core brands covering luxury to budget, positioning ourselves to capitalise on emerging growth opportunities. This will be a focus area for EVT seeking growth across Australia, New Zealand and into Southeast Asia, with our first property for the region, QT Singapore, opening in September.
At EVT, we’re not only operators, we think like hotel owners because we are also hotel owners. This shared mindset fosters trust and alignment with our partners, allowing us to structure deals that meet their needs. Whether it’s managing properties or expanding our licensed hotel portfolio, our focus remains squarely on collaboration and mutual success.
Our future roadmap is clear: grow revenue above market, maximise assets across all properties, and transform our business through operational excellence, technological expertise, and collaborative partnerships to drive sustainable growth across Asia Pacific in an ever-evolving hospitality landscape.