Accor

Banyan Tree Group , closing out the 2022 fiscal year with 63 properties across its global portfolio of 10 hospitality brands, expects to get to 113 hotels by the end of 2025 . Radisson Hotel Group announced the opening of Lewit Hotel Pattaya , a member of Radisson Individuals in the beach resort town of Pattaya. The grand opening of Ember Hotel , a boutique lifestyle hotel located at Khao San Road in Bangkok, Thailand was announced.

DJIA, Nasdaq, and S&P 500 all rose on Friday, and lodging stocks saw gains as well. New properties were acquired or announced in Montana, Atlanta, Ohio, Texas, Colorado, and Madrid. Multiple hotels were sold, and Blackstone secured a €680 million loan for Hotel Investment Partners.

Finn Partners released the results of their latest report, Outbound Rebound: The Return of Chinese Travelers . Marriott International announced plans to expand its portfolio in Greater China with the expected addition of 47 hotels in 2023, comprising more than 12,000 rooms. Accor announced the opening of Grand Mercure Hanoi, a new premium hotel in Vietnam .

TD Cowen upped their price targets on Hilton to $142 from $140 and Marriott to $172 from $170. HVS gave their findings from the Hunter Conference . HVS said early 2023 comparisons continue to look favorable with easy comparisons in 1Q due to last year’s Omicron outbreak. Canada’s hotel performance increased from the previous month, with February RevPAR exceeding C$100 for the first time on record

A Crisil Market Intelligence report predicted the revenue of premium hotels in India will rise 80% this current fiscal year. The Macao Government Tourism office said the number of mainland visitors to Macau reached 50% of pre-pandemic levels while the rebound of Hong Kong visitors is even stronger. The MGTO also said they completed the approval process for the Raffles at Galaxy Macau hotel tower, part of Cotai’s Galaxy Macau Phase 3 project.

STR reported China hotel data for the week ended March 18. China hotel RevPAR rose 134% on a year-over-year basis, up against an easy -46% comp result in 2022. Marriott International announced the milestone opening of  hotel number 1,000  in Asia Pacific , signaling its continued confidence in the long-term growth potential of the region. Sabre said they have found strong demand among Chinese outbound travelers, despite high airfare costs.

The Hong Kong Tourism Board announced Hong Kong saw a provisional visitor arrival of 1.462 million in February, three times what arrived in January. Indian Hotels Company announced the opening of Ginger Chennai, OMR in Tamil Nadu in India. The World Trade Center Association and the Merlin Group have partnered to develop a World Trade Center in the Nabadiganta Industrial Township Authority area, Salt Lake, West Bengal.

The  DJIA gained about 1%, or about 270 points, while  Nasdaq  rallied 2.4%. The  S&P 500  added about 1.7%, erasing an earlier decline of 0.7%, and the  10-year treasury yield  climbed to 3.58%. It's been a wild week. Baird upgraded their rating on Choice Hotels International to Outperform. They believe their earnings outlook is improving for 2023-2024. IHG Hotels & Resorts continues to demonstrate the strength of its Holiday Inn brand family in Southern Europe

STR reported China hotel RevPAR for the week ended March 11. Hotel RevPAR in China was up 85% year over year for the week. STR said Sydney WorldPride 2023 drove the market’s hotel average daily rate and RevPAR above pre-pandemic levels while occupancy remained slightly below 2019. The director of the Macao Government Tourism Office told a tourism forum that Macau welcomed an average of around 57,000 visitor arrivals each day in February .

Reuters published an article on how the hoped for, fast out of the gate, revenge travel by the Chinese following the demise of Zero-Covid has not occurred. Instead of a stampede, it has been more like a fast walk . South Korea and Australia were left off the next list of 40 countries to which China will resume outbound group tours as of tomorrow . Macau authorities are easing measures for entry to mainland China for visitors coming from Hong Kong , aimed at further improving circulation between the SARs and the mainland