OYO Hotels

Asia-Pacific

Sydney Hotel ADR Highest Since February 2018

STR  said  Sydney’s monthly hotel performance  reached a pandemic-era high, according to preliminary September 2022 data from STR. Singapore   international visitor arrivals  continue to be strong but The Business Times said the momentum appears to have slowed down in recent months. InterContinental Sydney  announced the completion of its extensive renovation program to welcome the hotel’s next chapter.
Asia-Pacific

Japan Bets on Increased International Tourism Spending

Japan Prime Minister Fumio Kishida  is pledging to increase inbound tourism spending to more than 5 trillion yen per year. OYO  has introduced an improved flagship  patron-facing app – CO-OYO . The Economic Times reported on  the comeback of “big fat weddings” in India .
Asia-Pacific

More Covid Restrictions Fall Across Asia

Covid restrictions continue to fall like dominoes . Hong Kong came through with their plan to end their hotel quarantine policy, putting it into effect before October Golden Week, beginning today. Macau’s hotel occupancy rate fell to just 33.3% in August, down -1.1 percentage points year over year. DBS said Singapore’s hospitality industry is on track for a “spectacular” second half of 2022.
Asia-Pacific

Asia Is Open but Recovery Is Slow

The Wall Street Journal published an article on how  Asia Pacific may have reopened to tourism, but the recovery is slow . Oyo Hotels filed new financial documents with the Securities and Exchange Board of India. Japan plans to resume visa-free air tickets in October and  Taiwan plans to open its borders from mid-to-late October.
Asia-Pacific

Singapore Leads Way on Room Cost

Bloomberg reported that hotel rooms in Singapore are now the most expensive in almost a decade. Radisson Hotel Group said they are aiming to accelerate growth across Thailand. The Tongsai Bay, the first five-star luxury hotel to be built on Koh Samui, has embarked on an innovative refurbishment and development program to celebrate its 35th anniversary as a luxury eco-haven.
Asia-Pacific

China Locks Down Part of Tibetan Capital

China has locked down part of Tibet’s capital following reports of a Covid-19 outbreak that grew from four to 22 cases on Monday. Radisson Hotel Group announced the signing of Radisson Biratnagar in Nepal, in partnership with The Centurion Hotel Private Limited. Ennismore announced its continued expansion across New Zealand and Australia with the signing of four new hotels in New Zealand with CP Group.