Asia-Pacific

Asia-Pacific

Macau Visitors Still Down YoY

Macau’s tally of visitors reached 81,798 for the seven days from August 12 to August 18 inclusive, a daily average of about 11,685. According to the latest Construction Pipeline Trend Report from Lodging Econometrics , the total China hotel construction pipeline is at 3,693 projects/701,974 rooms. Hilton signed six new luxury hotels in Asia Pacific which will open over the next four years.
Alan Woinski | 2 years ago
Asia-Pacific

China Covid Infections Hit 3-Month High

China reported 2,181 new Covid cases on Saturday , with infections surging to a three month high. Real Commercial said Sydney hotel occupancies are beginning to slip but hoteliers are still charging higher room rates. Tuan Sing Holdings is close to announcing plans to redevelop its 550 room Grand Hyatt Hotel in Melbourne’s Collins Street into a major mixed-use development.
Alan Woinski | 2 years ago
Asia-Pacific

Latest APAC Hotel Construction Pipeline Data

STR said China RevPAR for the week ended August 13 was up 107.7% year over, up against a -28.9% comparison. According to the recent Asia Pacific, excluding China, Hotel Construction Pipeline Trend Report from Lodging Econometrics , at the end of the second quarter the region’s total construction pipeline grew to 1,891 projects/396,517. Trip.com said that off-season travel between July to September for both Australia and Southeast Asian countries showed an increase as borders reopen.
Alan Woinski | 2 years ago
Asia-Pacific

Amen Receives $900m Investment to Expand

Sterling Holiday Resorts , a subsidiary of Thomas Cook , said they will double its pan-India inventory to 5,000 rooms in the next three years. Saudi Arabia’s Public Investment Fund and Cain International have invested $900 million in Aman Group to help accelerate the global expansion of the company. The City of Dreams Manila integrated resort welcomed Singapore’s famous restaurant brand TungLok Signatures to Manila, Philippines.
Alan Woinski | 2 years ago
Asia-Pacific

Macau’s Occupancy Rate Continues to Fall

The average occupancy rate of Macau’s hotels and guesthouses fell by -6.3 percentage points year over year in June to a very weak 39.1%. Ascott Residence Trust is proposing to acquire nine quality serviced residences, rental housing and student accommodation properties across five countries from its sponsor, The Ascott Limited. Accor , Ennismore , and Funyard shared the early progress of their recently announced strategic partnership to develop the international lifestyle brand, JO&JOE, across China.
Alan Woinski | 2 years ago
Asia-Pacific

Singapore’s Changi Remains the Busiest in Asia

China reported 2,312 new Covid infections nationwide today , the first time in more than three months that cases topped 2,000 for three consecutive days. Singapore’s Changi Airport emerged as the busiest airport in Asia in the three months to June 30, 2022, recording more than double the number of passenger movements than its nearest rival. The newly built 229 keys midscale Mercure Kuala Lumpur Glenmarie managed by Accor has officially opened in Shah Alam, Selangor in Malaysia.
Alan Woinski | 2 years ago
Asia-Pacific

Australia Hotel Occupancy Dips Between June and July

STR reported Sydney, Australia hotel occupancy dipped in July from June. Occupancy in July 2022 was 65.8% while ADR was A$239.96 resulting in RevPAR of A$157.80. The Business Times reported business has picked up so much in Singapore that hotels are frantically looking for employees as staffing levels have yet to match the tourism pickup. Choice Hotels Asia Pacific said corporate travel has returned to a new normal with guests seeking value for money as work trips merge into leisure.
Alan Woinski | 2 years ago
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.
Alan Woinski | 2 years ago
Asia-Pacific

Hong Kong Will Ease Quarantine on International Arrivals

Hong Kong announced plans to further ease its arrivals quarantine requirements . More than 50 luxury hotels are set to open in Jakarta and Bangkok within the next five years , highlighting the expectations of a strong economic recovery. Accor is teaming up with PT. Mega Hotel Lestari in introducing the first ibis Styles in Semarang in Indonesia .
Alan Woinski | 2 years ago
Asia-Pacific

Waning Covid Spurs Some YoY Growth in China

STR said things really improved in China following the belief that the Covid outbreaks were over. Hotel RevPAR for the week ended July 30 th in China was up 8.5% year over year while down only -10.3% versus the same week in 2019. Travelers from Japan, Taiwan and Macau will be temporarily allowed to enter South Korea without a visa this month. Baring Private Equity Asia announced its affiliated real estate funds completed the acquisition of the Sydney Hilton hotel for A$530 million.
Alan Woinski | 2 years ago