Swire Hotels

Marina Bay Sands in Singapore launched a new brand vision, "Above Beyond," as part of a $1.75 billion transformation to elevate its hospitality, including revamped suites, expanded butler services, and upgraded facilities across its three hotel towers.

Thailand's Prime Minister proposes a six-nation visa to enhance regional tourism, potentially extending visa validity to 90 days, with a target of 80 million foreign tourist arrivals by 2027.

Marriott International said they signed 28 deals in South Asia in 2023 and so far in 2024, adding over 4,500 rooms to its development pipeline.

Market surge: DJIA and Nasdaq experience significant gains, with the DJIA surging 701 points and the stronger-than-expected jobs report contributing to the rise. Airbnb lawsuit: Airbnb files a lawsuit against New York City over a new law that the company claims will limit short-term rentals and make it more difficult for hosts to do business. Hotel openings and acquisitions: Several hotel brands announce new openings and acquisitions, including WoodSpring Suites, Sonesta, and Margaritaville, expanding their presence in different cities and states.

STR gave their 2022 summary, saying among the global regions, Asia was the only one to see a decline in revenue per available room when compared with 2019. There seems to be a different in opinion about how Chinese New Year is going for the Asian region. Japan Today published an article saying Asia travel hotspots are quiet as Chinese tourists stay away, but the article seems to miss the true situation. Dow Jones, on the other hand, published an article saying China’s tourism sector has recovered to pre-pandemic levels with travelers venturing out during the Chinese New Year holidays.

Gordon Haskett downgraded Airbnb to Underperform from Hold. They lowered their price target to $87 from $94. The firm also cut their rating on Booking.com to Hold from Buy. STR reported US lodging data for the week ended 1/21. RevPAR was up 26.2% year over year while up 5.6% versus 2019. The DJIA  rose 9.88 points, or little change. Nasdaq fell 0.2%; S&P 500 was barely changed. The 10-year Treasury yield fell to 3.461%.

Lodging stocks were higher led by AHT, up another 10%. ABNB and PLYA were both up 7% on the day while VCSA was up 6% and HST rose 5%. Truist gave their 2023 lodging preview , saying they see a mixed bag for demand/pricing/supply trends for the lodging companies. Similar to the past nine months, they see “macro over micro” at the moment. DiamondRock Hospitality said their preliminary 4Q22 comparable revenue grew 23.4% year over year and 8.5% compared to 2019.

CoStar published an article on Swire Hotels and its plans to expand The House Collective to destinations like Tokyo and Shenzhen Bay in China. Pullman Orchard is expected to open its doors within the next month, located in the heart of Orchard Road in Singapore . Banyan Tree Group said they continue to expand one of their latest brand concepts, Homm, with two new properties.