Leela Owner Schloss Bangalore Cuts IPO Size Before May 26 Listing
Skift Take
The Leela owner, Schloss Bangalore’s IPO dreams are still alive, but not as grand as before.
STR reported China hotel data for the week ended May 17th. China hotel RevPAR was down 10.5% year-over-year. It was up against a decline of 7.1% in the comparable result in the week in 2024. For the 2025 week, ADR was down 7.1% year over year while occupancy fell 3.6%.
Macau visitor arrivals in April rose 18.9% to 3,092,791. On a month-to-month basis, that was up only 0.7%. The Statistics and Census Service said mainland Chinese visitors increased by 22.4% year-on-year to 2,126,212. Hong Kong visitation was up 13.4% to 659,844. International visitors totaled 230,014 in April, up 10.4% year on year. There were 1,755,592 same-day visitors in April, while overnight visitors totaled 1,337,199, up by 30.1% and 6.9% respectively. For the first four months of the year, visitor arrivals to Macau are up 12.9% to 12,955,456, with same-day visitor growth surging 23.4% while overnight visitors are only up 0.8%.
The Leela owner, Schloss
