Absolute Hotel Services

Chinese Hotel Performance: Hotel RevPAR in China increased by 37% compared to the same week last year, despite a strong 107.7% increase from a year ago. In comparison to 2019, RevPAR rose by 16.9%. Chinese Travelers in Singapore : Chinese tourists were the largest source of visitors to Singapore in July, doubling their numbers from June. Singapore experienced a 104.2% increase in visitor arrivals from China, contributing to a 95.3% year-on-year rise in total arrivals for the month. Hotel Openings and Expansions : Accor is partnering with Sarin Hotels for a new Sebel hotel in Wellington, New Zealand; Hotel Marvell, Byron Bay's first five-star hotel, is opening with luxurious amenities; Melco Resorts' W Macau hotel will open in Macau's Studio City with 557 rooms; and Narai Hospitality Group is set to open Lub d Japan Osaka Honmachi, expanding their presence globally.

Malaysia is on track to surpass its international tourist target with an expected 18 million visitors, while Hong Kong saw a significant MoM increase in July, driven largely by visitors from Mainland China. Key developments include the Marriott's expansion in China and India , the transformation of Sydney's former Department of Education building into a luxury hotel, and Damac International's progress on its Maldives resort. JLL India reported mixed hotel performance, Blackstone is reinvesting in Japanese real estate due to favorable market conditions, and A bsolute Hotel Services has made key management appointments.

Bloomberry Resorts ' new integrated resort in Quezon City , Philippines, Solaire Resort North, is facing further delays, potentially pushing the opening from the first quarter of 2024 to the second quarter. Philippines developer Megaworld is set to open the country's largest hotel complex, Grand Westside Hotel, in Manila's Entertainment City, with the first tower opening before the end of the year and the second tower in 2024. Discovery World Corp has opened a five-star resort hotel, Discovery Samal, in Limao, Philippines, featuring 128 hotel suites and extensive facilities, aiming to boost tourist arrivals in the region.

A white paper on the Corporate Travel Management Market said some 84.5% of companies in China are expecting an increase in domestic travel business budgets for 2023 . Cambodia is making plans to finish developing large tourist areas along its coast on the Gulf of Thailand. Dusit Hotels and Resorts is set to expand its global and domestic footprints by opening three hotels in the next 30 days, including two new properties in Bangkok.

Hotels in Thailand still want the government to accelerate the launch of the new phase of the domestic stimulus scheme even with an influx of Chinese tourists expected to show up. Hyatt Hotels announced the opening of Andaz Pattaya Jomtien Beach , the debut of the Andaz brand in Thailand . IHG Hotels & Resorts has opened its first Crowne Plaza hotel in Bangladesh in partnership with Doreen Hotels & Resorts

Macau follows what China’s leadership tells them to and now it is confirmed that Zero Covid is dead. ONYX Hospitality Group unveiled plans to strengthen its serviced apartment brand, Shama . The Novotel Bali Benoa has reopened following a major renovation that will reposition the beachfront resort.

Hotel RevPAR in China was down -35.5% year over year while down -52.5% when up against the same week in 2019. Hyatt Hotels announced the opening of Hyatt Centric Kota Kinabalu , marking the debut of the lifestyle brand in Malaysia and Southeast Asia. Absolute Hotel Services Group announced the first Absolute Collection property in Vietnam with the signing of Lamia Bao Loc Resort.

Vietnam’s tourism sector  is forecast to record US$11.1 billion in revenue in 2024, which would  exceed the 2019 tourism revenue number  of US$10.8 billion. Hotelivate said Tier-III cities with resort locations in India have seen the strongest recovery amid a rebound in leisure tourism. Accor is expanding its presence in the Philippines  with the signing of two new properties in Clark City.

Hong Kong announced plans to further ease its arrivals quarantine requirements . More than 50 luxury hotels are set to open in Jakarta and Bangkok within the next five years , highlighting the expectations of a strong economic recovery. Accor is teaming up with PT. Mega Hotel Lestari in introducing the first ibis Styles in Semarang in Indonesia .