Hyatt Reports Double-Digit Growth in India
Skift Take
Hyatt Hotels is experiencing strong growth in India, focusing on experiential luxury and strategic expansion, aiming to double its hotel portfolio within five to six years.
Thailand's average hotel occupancy rate in September contracted by -7 percentage points month on month. The Thai Hotels Association blamed the flood situation and a decline in foreign arrivals during the low tourism season. The THA's survey of 88 operators revealed an average occupancy rate of 55% in September, down from 62% in August. In 2019, the occupancy rate in September was 63.4%. The THA said 3-star and lower hotels had an average occupancy of only 44.9% in September, while 4-star and higher averaged 58.7%. Hotels in the North saw the biggest drop in occupancy, from 50% in August to 25.7% in September, due to the ongoing flood situation in several provinces. Hotels in the Central region reported the highest occupancy rate of 64.4%, followed by those in the Eastern region at 57.1%. The THA said 35% of the respondents said they planned to hike room prices during the high season at year-end. The THA estimates October occupancy will be 55.6% and the total hotel custom
