Marriott Reaches 10,000-Property Milestone with India Opening
Skift Take
The JW Marriott Ranthambore Resort & Spa in India marks Marriott’s 10,000th property worldwide. Plus, more hotel deal and development news from APAC.
STR/CoStar reported China hotel data for the week ended June 6th. China hotel RevPAR was up 2.4% year-over-year, up against an easy comp of a decline of 15.7% in the year-ago week. The RevPAR rise was balanced with occupancy up 1.4% and ADR up 1%, both year-over-year, for the week ending June 6th.
CoStar preliminary data shows Adelaide hotels registered a 6.6% year-over-year increase in average daily rate to A$198.79 in May. RevPAR was up 5.7%. CoStar said performance peaked during the Australian Tourism Exchange on May 13th when occupancy reached 88.3%, ADR was A$243.62, and RevPAR hit A$215.09. Overall occupancy was down 0.9% to 72.7%. This was due to the market absorbing an increase in hotel supply of 1.6%. New supply is continuing to come online, so CoStar believes it will be some time before demand catches up.
The Radisson RED Cebu Mandaue has officially opened at Astra Centre, a mixed-use destination with a lifestyle shopping mall at its core. This is the
