Hong Kong Hoteliers Watch Golden Week Nervously
Industry watchers expect Hong Kong to see at least single-digit growth in the number of mainland tourists over the five-day Labour Day Golden Week.
Alan Woinski
Alan is the founder of the Daily Lodging Report, now owned by Skift, and remains editor. He also founded the Gaming Industry Daily Report and Gaming Industry Weekly Report which remains under the ownership of Gaming USA Corporation, owned by Alan and his wife Kim. Alan and Kim recently moved from Bergen County, NJ to Southwest, Florida and are loving the SWFL lifestyle. Both Alan and Kim recently became grandparents for the first time to a beautiful baby girl.
Hilton CEO Is Optimistic Despite Economic Uncertainty
Amid mixed hotel sector performance, Hilton beat earnings while trimming 2025 guidance as hospitality firms expand with new properties across the US and globally.
Marriott Reaches Deal to Buy CitizenM
Marriott International acquires lifestyle brand citizenM for $355 million, adding 36 hotels with 8,544 rooms to its portfolio.
Thailand Commits to Tourism Subsidy Despite Delay
Tourism is booming across Asia with hotels reporting high bookings for May Day Golden Week and companies like Ascott Limited expanding their portfolios. Thailand said it would continue its subsidy scheme for domestic tourists during the low season.
Accor Says April and May Bookings Look Steady
Hotel industry shows activity with Accor confirming its outlook for the year without a downward revision and KHP Capital Partners securing $300 million for hotel acquisitions and renovations.
Singapore's GIC Acquires Stakes in SAMHI Hotels Units
Singapore's GIC is investing $88 million for 35% stakes in three SAMHI Hotels units to develop upscale hotels across India.
U.S. Hotel Occupancy for Mid-April Drops
Multiple hotel companies announced property openings globally, including Peachtree Group receiving USCIS approval for a SpringHill Suites in Utah.
Wanda Hotel Management Gets New Owners
Hospitality industry faces challenges amid cautious analyst forecasts. Dreamscape Hospitality celebrates growth with 40 properties in the pipeline.
Truist Sees Some Price Softening at Hotels
Truist analysts said the hotel companies weren’t admitting it, but demand trends had been decelerating before the tariff shock.
Mandarin Oriental Refreshes Hotels in Hong Kong and Bangkok
The global hotel industry continues to expand, with IHG celebrating its 50th year in China while Mandarin Oriental plans a $100 million renovation in Hong Kong.