Anantara Hotels, Resorts & Spas

Strong RevPAR growth observed in China, Singapore, and India, indicating recovery and resilience in the Asian hotel industry. Minor Hotels plans significant expansion across multiple countries, capitalizing on pent-up demand and strategic partnerships. Radisson Hotel Group signs multiple new hotels in India, while ITC considers a potential demerger of its hotel business, reflecting evolving strategies in the market.

Apple Hospitality and Xenia Hotels were the next up to report earnings. APLE beat expectations and continues to be one of the few hotel REITs reporting EBITDA above 2019 levels. XHR also beat expectations on a higher top line with RevPAR growth of 23.9%. STR reported US lodging data for the week ended April 29. Year over year hotel RevPAR was up 5.6%.

Hotels were reported to be full in parts of the Philippines during the Holy Week break. The Commerce Federation of Macau Central and Southern District said Macau received over 300,000 visitors during the four-day Easter holiday period . Fosun Tourism expects a sustained boom in Chinese tourism in the second and third quarters. Fosun is planning expansions in resort projects in China’s tier I and tier II cities.

IHG Hotels & Resorts said the are pursuing an ambitious expansion plan in Greater China that explores popular and emerging destinations. Hilton’s upscale focused service brand, Hilton Garden Inn , announced the opening of its fiftieth property in Greater China. Brisbane’s $3.6 billion Queen’s Wharf Brisbane resort and casino will officially open before Christmas.

Morgan Stanley changed price targets on its covered hotel companies . Hilton’s PT was lowered to $167 from $171, while Wyndham’s PT was upped to $90 from $87. Chatham Lodging Trust announced they repaid in full three mortgages with outstanding principal of $73.3 million and a weighted average interest rate of 8%. Four Seasons Resort and Residences Los Cabos at Costa Palmas will begin taking reservations for its ultra-luxury Private Retreats collection soon.

Jefferies said the looming recession and stabilizing credit market could be positive for the prospects of timeshare, but with a harder landing not off the table, they see stocks trading at rich valuations. Truist said with earnings season about to kick into gear for the lodging sector, they continue to see macro over micro. Park Hotels and Resorts Inc. closed on the sale of the 508-room Hilton Miami Airport , located in Miami, Florida , for $118.25 million.

Macau has received 245,000 visitors in the first four days of the Chinese New Year/Spring Festival holiday week. Wyndham Hotels & Resorts announced the signing of The Earth Amritsar, Trademark Collection by Wyndham, its first hotel for the brand in India . Sarovar Hotels and Resorts announced the opening of Shyama Sarovar Portico in the city of Orai, Uttar Pradesh in India.

Truist said they are finding the sentiment at the ALIS Lodging Conference as mostly positive , with lots of “hope” that the most well-anticipated recession in the history of recessions will be a mild one. STR and Tourism Economics made a modest upgrade to the 2023 U.S. hotel forecast released at ALIS. Four Seasons said they started 2023 with new leadership, brand extensions and strategic portfolio growth.

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

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.