Mandarin Oriental

Pan Pacific Hotels Group announced it will double its serviced suites portfolio in 2023. Mandarin Oriental Hotel Group announced it will manage a new resort with branded residences in Phu Yen province, one of Vietnam’s coastal regions. InterContinental Khao Yai Resort in Thailand has unveiled 19 Suites and Villas, housed within repurposed heritage railcars marking the final phase of its opening journey.

STR reported China hotel RevPAR for the week ended 11/5 was up 4.4% year over year. China’s Covid cases continue to surge with 8,824 new domestic cases reported on Wednesday. The state-run Xinhua news agency said authorities need to take a more targeted approach to tackling Covid outbreaks. Ratings agency Icra said they expect premium hotel inventory in India to increase 3.5% to 4% in the current fiscal year with an addition of around 15,500 rooms amid a recovery in demand.

Singapore’s Minister of State for Trade and Industry, and Culture, Community and Youth said Singapore’s visitor tally this year should be on the higher end of their 4 million to 6 million projection from July. According to September 2022 data from STR , Middle East & Africa was the only world region to show an increase in overall hotel pipeline activity at the end of the third quarter. JLL Hotels & Hospitality Group’s Hotel Investment Highlights Asia Pacific 2H22 said a combination of pent-up demand, a resurgence of cross-border transactions, and a buoyant travel industry will lift Asia Pacific hotel investment to over US$10.7 billion in 2022.

The DJIA fell 347 points while Nasdaq was down 75, the S&P 500 fell 39 points and the 10-year treasury yield was up .07 to 3.83% STR said US hotel RevPAR the week ending 10/1 was up 22.6% year over year , helped by Hurricane Ian and the holiday shift. According to the latest UNWTO World Tourism Barometer , international tourist arrivals almost tripled from January to July 2022 (+172%) compared to the same period in 2021

Macau saw 65,677 visitor arrivals over the weekend in the first two days of the National Day Golden Week. Marriott International announced their JW Marriott brand opened the JW Marriott Khao Lak Resort Suites, an all-suite luxury retreat nestled in a serene beachside setting on southern Thailand’s Andaman coast. Hilton Grand Vacations announced the grand opening ceremony for The Beach Resort Sesoko, a Hilton Club.

Any hope the Fed would be slowing down interest rate hikes just went right out the window with today’s inflation numbers. Lodging stocks were hit rather hard. According to Atlas Hospitality Group , during the first half of 2022, the total dollar volume for hotels bought in the Bay Area market in California was $660.5 million, down 66.8% from the $1.99 billion in hotel purchases during the first six months of 2021. Sonesta International Hotels Corporation announced several key developments to support future expansion in Latin America and the Caribbean , including the renewal of its ongoing master franchise relationship with GHL Hoteles.

Truist lowered target prices on their vacation ownership names despite publishing a positive report on their beat and raise quarters along with the continued return of capital. STR and Tourism Economics adjusted occupancy downward but lifted projections once again for ADR in the revised U.S. hotel forecast just presented at the Hotel Data Conference . Mission Hill Hospitality has acquired the Courtyard by Marriott Lenox and Hampton Inn & Suites Berkshire-Lenox , located in the heart of the Berkshire region of Western Massachusetts.

The DJIA surged 515 points, Nasdaq was up 361, the S&P 500 was up 88 and suddenly the 10 year treasury yield is calm and the indexes are nuts again. STR said US Lodging RevPAR was up 12.2% year over year for the week ended 8/6. Global travel prices are predicted to continue to increase in the remaining months of 2022 and throughout 2023, according to the 2023 Global Business Travel Forecast.