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Asia-Pacific
Trip.com Says China Summer Bookings 20% Higher Than 2019
STR reported China hotel RevPAR the week ended September 17 fell -11.5% year over year. When compared with the same week in 2019, China hotel RevPAR was down -40.1% Despite STR reporting week after week for the past several months that China hotel RevPAR has plunged again, Trip.com said hotel reservations in China surpassed pre-pandemic levels since late June . Hyatt Hotels Corporation announced the opening of Hyatt Place Bharuch . This is the second Hyatt Place hotel in Gujarat and the sixth Hyatt Place hotel in in India. -
Asia-Pacific
Marriott Plans Luxury Expansion Across APAC
Marriott International announced it expects to open 14 additional luxury properties in Asia Pacific by the end of 2023 . Marriott currently operates 156 luxury properties in the region. Construction of the long-awaited resort at Kalgoorlie Golf Course in the city of Kalgoorlie-Boulder in Australia has finally begun. PT Platnet Properindo Jaya Tbk will initiate the operation of Citi Hub Hotel, Kelapa Gading in Indonesia in 2023. -
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
Hilton Garden Inn Tripling China Portfolio
STR said Melbourne, Australia’s hotel performance in August fell from the previous month. Preliminary August 2022 data shows occupancy at 59%, ADR at A$207.05 and RevPAR at A$122.10. Hilton said their Hilton Garden Inn brand is poised to triple its portfolio in Greater China and offer travelers an expanded network of 135 properties in the coming years. Louvre Hotels Group , an affiliate of Jin Jiang International , the second largest hotel group in the world, has begun construction of its five hundredth project in China. -
Asia-Pacific
Hong Kong Hotels Set Aside Rooms for Positive Covid Cases
STR reported China hotel RevPAR results for the week ended September 10. RevPAR was down -12.3% year over year while down -29.3% when compared with a comparable week in 2019. Hong Kong hotels have been told to set aside just eight or 3% of their rooms, whichever is lower, to house travelers who test positive for Covid, raising the risk of insufficient space for infected people if the easing of travel curbs come into effect. Asset World Public Company Limited said they are strengthening their long term partnership with Marriott International with an agreement to launch a new Ritz-Carlton hotel in Bangkok’s heritage riverside district. -
Asia-Pacific
Accor’s Optimism in Australia and India
Accor said they are experiencing a sustained recovery in their Western Australia hotel, apartment, and resorts network . Accor also said they are bullish on India , with plans to open mid-level hotels across metros and budget brands in tier-2 and tier-3 cities but also adds to its luxury portfolio with another Raffles property in Jaipur soon. The Park Hotels will run a 65-room hotel at the Digha Convention Centre. An agreement was signed with the Kolkata Metropolitan Development Authority. -
Asia-Pacific
China RevPAR Up YOY
STR reported China hotel RevPAR for the week ended September 3 rd . Year over year, hotel RevPAR was up 19.3%, still up against easier year-over-year comps. The DuGhassan Aboud Group has acquired Sydney, Australia’s Rydges Sydney Harbour Hotel for approximately $100 million. Radisson Hotel Group announced the continued expansion of their brand footprint with Radisson Resort & Suites Phuket . -
Asia-Pacific
Foreign Tourists Buoy Thailand
A rebound in foreign tourist arrivals into Thailand is pushing up the nation’s hotel occupancy rate from a record low during the pandemic. Hotel industry experts are predicting an influx of international tourists in the Philippines in the final quarter of 2022, particularly in Manila, Cebu and Clark. ITC Hotels in India could soon be spun out of conglomerate ITC. The chairman of the parent company told reporters they are exploring alternate structures for ITC Hotels, in line with industry recovery dynamics. -
Asia-Pacific
Hyatt Hotels’ Asia Pacific Property Pipeline
Hyatt Hotels Corp announced plans for its continued growth in the Asia Pacific market. They unveiled a robust pipeline of landmark luxury and lifestyle hotels and resorts. CEL Australia has listed The Sebel Hotel Mandurah for sale as Western Australia reopens to the world post-pandemic. Andrew Tan’s flagship property firm Megaworld is opening a new Belmont Hotel within the 30-hectare Mactan Newtown in Lapu-Lapu City, Cebu. -
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.