Savills

The global hotel industry is seeing increased activity with notable transactions in Vietnam, Macau, Japan, Sri Lanka, the Philippines, Thailand, and India. Key deals include Marriott International's operation of seven hotels from Vinpearl in Vietnam, Accor's new Novotel in Nara, Japan, and DoubleDragon's launch of the largest hotel in Bonifacio Global City in the Philippines. Several hotel brands are expanding their footprints, with Wyndham Hotels & Resorts signing two agreements with Fulcrum Ventures Asia and Marriott International's Fairfield brand entering Agra, India.

The Singapore Tourism Board said 1.13 million tourist arrivals were recorded in April, the second consecutive month of more than a million arrivals. The Vietnam National Administration of Tourism believes they may attract 10 million foreign tourist arrivals this year, surpassing the target of 8 million previously set. Savills Hanoi said the hospitality industry of Vietnam’s capital city of Hanoi is on the mend on the back of surges in both international and domestic tourist arrivals .

Macau follows what China’s leadership tells them to and now it is confirmed that Zero Covid is dead. ONYX Hospitality Group unveiled plans to strengthen its serviced apartment brand, Shama . The Novotel Bali Benoa has reopened following a major renovation that will reposition the beachfront resort.

The number of foreign visitors to Japan rose to nearly 500,000 in October, the first month it fully reopened to overseas visitors after more than two years of being closed due to Covid restrictions. Visitor arrivals to Macau in October totaled 580,333, up just 4% from September despite October being a month with a Golden Week. Radisson Hotel Group is planning to grow its portfolio in India from 140 hotels to 200 in FY24.

Lodging stocks were mixed. Choice (CHH) was the big loser, down -9%, while MCG was down -7% and AINC fell -6%. Choice Hotels received a mixed response to their 3Q earnings report from analysts and a big thumbs down from investors. Hilton announced the opening of its two-hundredth hotel in the Caribbean and Latin America, Waldorf Astoria Cancun , a 173-room luxury resort set on 100 acres of coastline.

The  DJIA  ended the day down 280 points while  Nasdaq  was down 67, the  S&P 500 fell 31 points and the 10 year treasury yield was up .02 to 3.13%. Lodging stocks were lower.  MCG  fell -8% today and hit a new all time low.  SOND  was up 5%. STR  said  U.S. hotel RevPAR  for the week ending August 27 th  was up 18.2%.  RevPAR versus the same week in 2019 was up 12.1%. Speaking during a session at the  Hotel Data Conference ,  AirDNA Director of Product Max Bernstein  said as of June 2022,  demand for short-term rentals  is up 21% indexed to 2019