The Indian Hotels Company Ltd

When going up against the same week in 2019, pre-pandemic, China’s RevPAR last week was up 1.3% despite tough Chinese New Year comps due to the timing of the holiday. The average occupancy rate of hotels in Taiwan was 48.06% last year, the fourth lowest in history, but the average room price per night rose to NT$4,195 (US$138), which is a record high. After four years of London being on top as the five-star hotel capital of the world, they have lost that title to Macau, China .

Singapore signaled an end to the Covid-19 era restrictions , removing nearly all remaining mask rules as well as all border restrictions for arrivals who are not fully vaccinated. All travel restrictions for residents of Hong Kong and Macau wishing to go to Taiwan will be lifted on February 20, three years after they were imposed. STR said Australia’s hotel performance turned a massive corner during the first half of 2022 as the Omicron wave subsided and governments relaxed travel restrictions around the country.

STR said during the seven-day Lunar New Year holiday period, China’s hotel average daily rate surpassed 2019 levels . In the recently released China Construction Pipeline Trend Report from Lodging Econometrics , analysts report the country’s total hotel construction pipeline, at the close of the fourth quarter, stands at 3,581 projects/675,074 rooms. Morgan Stanley said Macau’s hotel occupancy and daily room rates are showing unprecedented strength in the post-Chinese New Year period with at least two hotels fully booked through February and many others close to capacity.

According to  Lodging Econometrics’ Q4 Construction Pipeline Trend Report for the Asia Pacific region ,  excluding China , the region’s total construction pipeline stands at 1,903 projects/404,222 rooms, up 5% by projects and 2% by rooms YOY. South Korea’s government will remove its entry restrictions for short-term travelers from China . Singapore property tycoon Koh Wee Meng , via his entity JK Global Wealth , made an offer of 12 cents a share for the rest of developer Global Dragon .

Tour groups from mainland China to 20 countries have restarted, 11 of which are in Asia Pacific. Meanwhile, in China , hotels and restaurants are frantically searching for employees. During the first six days of work after China’s Lunar New Year holiday, job openings in the hotel and catering sectors surged 40% from the same period a year earlier. Colliers Philippines said the average hotel occupancy rate in Metro Manila is expected to further increase to over 60% this year, driven by a higher number of domestic and foreign travelers.

Singapore hotels’ average room rate was up 27.7% in December 2022 from a year ago to a new 14 year high of S$285.84. Philippines President Ferdinand Marcos has approved a value-added tax refund program for foreign tourists by 2024 to attract more visitors. The first Hilton hotel in Japan’s Hokuriku region has opened. The DoubleTree by Hilton Toyama is located within a three-minute walk of Toyama Station.

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.

Macau’s Statistics and Census Service said the SAR saw a total of 5,700,339 visitor arrivals in 2022, down 26% year on year. Hyatt Hotels Corporation announced a Hyatt affiliate entered into a management agreement with a Mori Building affiliate for Hotel Toranomon Hills. The Rydges Melbourne is undergoing a complete transformation and will re-open in Autumn 2023, positioned as a flagship property for the group.

Singapore said it is expecting between 12 million and 14 million international visitor arrivals in 2023. That would be more than double the 6.3 million final tally of visitors in 2022. Sortis Holdings, Inc. is acquiring boutique hotel company Ace Group International and its management company, Atelier Ace. Yesterday we reported on the Wyndham Danang Golden Bay in Vietnam and today we cover the Wyndham Vuon Vua Thanh Thuy .

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