Regent

Asian ultraluxury resort companies are expanding into Japan to cater to wealthy overseas travelers and take advantage of the weak yen, with Soneva Holdings planning to open resorts in Japan by 2027 and investing 100 billion yen in new properties. Foreign investment in Japanese hotels increased significantly in recent years, with 2022 seeing a sixfold increase compared to the previous year, and an expected total of 128.5 billion yen in investments in the first six months of the current year. International hotel brands like InterContinental, Wyndham, Marriott, Hyatt, and Accor are actively expanding their presence in various regions, including India, Vietnam, China, Thailand, and Australia, offering a diverse range of accommodations and amenities.

Tokyo domestic tourism bounced back to pre-pandemic levels in 2022, with 542.67 million Japanese tourists visiting, but foreign tourists declined by about 78% compared to 2019. Macau 's hotel industry showed significant recovery in June 2023, with an 89% average occupancy rate, and daily room rates increased by over 100% year over year. Beyond Stay , an Indian hotel chain, raised funds in a Pre Series A investment round to expand its presence in new locations and improve its technology infrastructure.

The DJIA rose 75 points, Nasdaq was up 117, the S&P 500 gained 12 points and the 10-year treasury yield was down another .09 to 3.41%. Lodging stocks were mixed. Pebblebrook Hotel Trust gave a 1Q operating update, showing the quarter is in line with their recent guidance. Tourism to and from the U.S . has gradually recovered in 2022 without fully returning to pre-pandemic levels, according to the Commerce Department.

In an amazing recovery from over 700 points down, the DJIA ended the day down only 280 points while Nasdaq rallied to end up 6. Vacasa’s stock price plunged well into penny stock category, joining Sonder, before recovering somewhat, ending the day down -25%. Braemar Hotels & Resorts and Ashford Hospitality Trust both issued press releases, clarifying that their cash holdings are safe . STR reported US lodging data for the week ended 3/11. US hotel RevPAR was up 11.1% year over year.

If you are wondering about who in the sector has exposure to the collapse of Silicon Valley Bank , Sonder Holdings confessed to having $2 million in an operating cash account and approximately $20 million in deposit accounts with SIVB. Marriott International, Inc. received approval from Mexico’s Federal Economic Competition Commission for the acquisition of the City Express brand portfolio from Hoteles City Express, S.A.B. de C.V. According to a new report from HVS , hotel operators need to learn to manage the entire building they operate and start thinking of performance in terms of the total revenue or profit per available square meter.

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.

Occupancy rates at hotels in Macau rose by 25.4 percentage points in January year over year, reaching 74%. The Standard Hotel is expected to open in the fourth quarter of 2023 near Orchard Road in Singapore , across from Shangri-La Singapore along Orange Grove Road. Hiap Hoe has entered into a franchise agreement with Luxury Hotels International of Hong Kong to operate two hotels at 16 AH Hood Road and 1 Jalan Rajah and rebrand them as Aloft Singapore Novena .

The DJIA  fell 351 points while Nasdaq was down 225, the S&P 500 fell 58 points and the 10 year treasury yield was down .09 to 3.51%. What happened to the Santa Claus Rally? Braemar Hotels & Resorts Inc. reported preliminary portfolio occupancy of approximately 64% for November 2022 with an ADR of approximately $394 resulting in RevPAR of approximately $253. Marriott International, Inc . announced the completion of an $11 million dollar revitalization of its 395-room Falls Church Marriott Fairview Park , in Falls Church, Virginia .

Sri Lanka Tourism outlined key strategies to double the arrivals to 1.5 million and generate an income of over $5 billion highlighting the sector as a major economic driver. The number of international tourists arriving in Vietnam reached 596,900 in November, the highest monthly total since the start of the Covid-19 pandemic. Marriott International announced the opening of Le Meridien Seoul Myeongdong  and Moxy Seoul Myeongdong , showing how they continue to expand their lifestyle offering in Seoul, South Korea .

STR’s global bubble chart for October 22 showed Singapore standing out in the Asia Pacific region while noting continued, steady recovery for most of the world. HG Hotels & Resorts announced a partnership with Shenzhen Bay Area Urban Construction and Development Co. Ltd. to develop a new luxury and lifestyle hotel. The Fullerton Ocean Park Hotel Hong Kong officially opened The Fullerton Spa , offering best-in-class wellness treatments for Hong Kong guests and travelers.7