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STR reported China hotel RevPAR for the week ended January 28 was up 177.8% year over year. When compared with the same week in 2019, China hotel RevPAR was up 66.6%. STR said Southeast Asia sits at the lower end of recovery compared to other STR-defined subcontinents. They are above Northeastern Asia in terms of occupancy and average daily rate in 2022. Dusit Hotels and Resorts will add 14 hotels and resorts to their portfolio this year across China, Greece, India, Japan, Kenya, Nepal and Thailand .

Citigroup upped their target price on Park Hotels & Resorts to $15 from $13 while maintaining their Neutral rating. They also upped their target price on Pebblebrook Hotel Trust to $16.50 from $15. They also maintained their Neutral rating on PEB. Accor’s private rental brand, onefinestay , has launched monthly stays in New York with 16 homes available to book and many more being added over the coming months.

The World Travel & Tourism Council’s Cities Economic Impact Report showed travel and tourism’s direct contribution to Sydney, Melbourne and Perth’s GDP and jobs continues to rise. KSL Capital Partners is among investors that are increasingly keen on acquiring hotels in remote destinations across Australia, New Zealand and the South Pacific. A resort in the Blue Mountains that was closed during the pandemic has reopened its doors and has been listed for commercial sale following a multi-million renovation.

Despite projections of persistent inflation and a moderate economic recession, CBRE’s November 2022 Hotel Horizons forecast calls for a 5.8% increase in RevPAR in 2023, up from CBRE’s previous forecast of a 5.6% increase. The hotel industry in 2023 is projected to surpass pre-pandemic levels of demand , nominal room revenue and state and local tax revenue, while inching closer to other key 2019 performance metrics. Starwood Capital Group , and Adventurous Journeys Capital Partners , announced the launch of Field & Stream Lodge Co., a branded hospitality platform aiming to create modern and affordable lifestyle lodging across the United States.

Singapore hotels’ average room rate was up 27.7% in December 2022 from a year ago to a new 14 year high of S$285.84. Philippines President Ferdinand Marcos has approved a value-added tax refund program for foreign tourists by 2024 to attract more visitors. The first Hilton hotel in Japan’s Hokuriku region has opened. The DoubleTree by Hilton Toyama is located within a three-minute walk of Toyama Station.

Deutsche Bank said they were a bit surprised at ALIS as they realized their views on 2023 RevPAR and margins were more measured than what they sensed from the companies. New York City’s latest plans to crack down on illegal short-term rentals , possibly removing as many as 10,0000 Airbnb listings later this year, is sparking furious debates about housing, hotels, the tourist market and residents’ rights. Buccini/Pollin Group is bringing the W Hotel brand to Orlando with plans for a 22-story hotel tower next door to Epic Universe.

Lodging stocks were modestly higher. The biggest movers included ABNB and SOHO both rising 5% while SONDwas down -6% on the day. Hotel Asset Value Enhancement gave their findings of the ALIS conference.Attendees believe the frustrating transaction market will change in the second half of this year and that there will be more transactions than foreclosures this year. A class-action lawsuit filed Wednesday alleges that four of the main Las Vegas Strip resort operators colluded, via data-sharing software, to artificially inflate the prices of their hotel rooms.

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%.

Macau has received 245,000 visitors in the first four days of the Chinese New Year/Spring Festival holiday week. Wyndham Hotels & Resorts announced the signing of The Earth Amritsar, Trademark Collection by Wyndham, its first hotel for the brand in India . Sarovar Hotels and Resorts announced the opening of Shyama Sarovar Portico in the city of Orai, Uttar Pradesh in India.

Truist said they are finding the sentiment at the ALIS Lodging Conference as mostly positive , with lots of “hope” that the most well-anticipated recession in the history of recessions will be a mild one. STR and Tourism Economics made a modest upgrade to the 2023 U.S. hotel forecast released at ALIS. Four Seasons said they started 2023 with new leadership, brand extensions and strategic portfolio growth.

Macau’s Statistics and Census Service said the SAR saw a total of 5,700,339 visitor arrivals in 2022, down 26% year on year. Hyatt Hotels Corporation announced a Hyatt affiliate entered into a management agreement with a Mori Building affiliate for Hotel Toranomon Hills. The Rydges Melbourne is undergoing a complete transformation and will re-open in Autumn 2023, positioned as a flagship property for the group.