Accor

Thailand rescinded its entry policy which requires visitors to show proof of a Covid-19 vaccination, citing sufficient immunization levels in China and the rest of the world. Vietnamnet reported thousands of people lined up at the Mong Cai border gates this past weekend to cross into China. The main requirements to cross were removed on December 31. The first Marriott International property to open on the North side of Phu Quoc in Vietnam has launched.

STR reported China hotel RevPAR was down -17.7% year over year for the week ended 12/31/22. When compared to the same week in 2019, RevPAR was down -23.6%. As of Sunday, the terrible hotel news of the past three years is just that, in the past as borders were reopened in China . The Philippines and China signed a new comprehensive tourism agreement that aims to strengthen mutual development in areas such as hotels, resorts, cruise ships, ports, tourism products and other related industries.

China’s Foreign Ministry spokeswoman told the media that many foreign nations had responded warmly to the country’s newly relaxed Covid-19 regulations. The Macau government said that, as of this Sunday, they will officially end all quarantine requirements for all nationalities entering Macau. Vietnam said its tourism sector raked in about US$408.3 million in revenue during the three-day 2023 New Year holiday .

The DJIA rose 133 points while Nasdaq was up 72, the S&P 500 was up 29 points and the 10 year treasury yield was down .08 to 3.71%. Canada’s hotel performance came in lower than the month prior but showed improved comparisons to 2019, according to STR ‘s November 2022 data. Kolter Urban is planning to build a Ritz-Carlton Hotel Residences in Sarasota Bay, Florida .

STR said China hotel RevPAR the week ended 12/24  was down -21.9% year over year and down -38.9% versus the same week in 2019. Marriott International said its transformation of the Sheraton Hotels & Resorts brand  continues to build momentum across the globe. TFE Hotels  will launch into 2023,  opening three new-build hotels  in the first half. The  Adina Apartment Hotel Pentridge Melbourne  will open in Australia in February.

Baird picked the hotel real-estate investment trust Xenia Hotels & Resorts as their Best Idea for 2023. The Wall Street Journal published a very positive article on Hilton , including an interview with CEO Chris Nassetta . Pyramid Global Hospitality closed the acquisition of the operating division of Provenance Hotels .

JP Morgan said they see more compelling value and better risk-rewards in gaming versus lodging , given better values and differing sets of investors’ expectations for fundamentals. Barclays gave their US Gaming, Lodging & Leisure outlook, saying their preference is the Cruise Lines out of the sub-sectors. Highgate has entered into a definitive agreement to purchase Viceroy Hotels & Resorts.

Accor announced its list of highly anticipated properties that will open in 2023 . Marriott International announced it expects to reach 50 hotels in Thailand by mid-2023, including adding an anticipated eight hotels next year. Anantara Veli Maldives Resort reopened on December 1, following nine months of extensive renovations.

Thailand celebrated the arrival of its 10 millionth international visitor of 2022 on Saturday, according to the tourism authority. Accor signed its first multiple-property framework agreement with Asset World Corporation , Thailand’s leading integrated lifestyle real estate group. Hyatt Hotels Corporation announced Hyatt Place Chengdu Bio-Town, the second Hyatt Place hotel in Chengdu .