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Asia-Pacific
Singapore Expects to Recover 80% of Pre-Covid Visitors
Singapore’s Minister of State for Trade and Industry, and Culture, Community and Youth said Singapore’s visitor tally this year should be on the higher end of their 4 million to 6 million projection from July. According to September 2022 data from STR , Middle East & Africa was the only world region to show an increase in overall hotel pipeline activity at the end of the third quarter. JLL Hotels & Hospitality Group’s Hotel Investment Highlights Asia Pacific 2H22 said a combination of pent-up demand, a resurgence of cross-border transactions, and a buoyant travel industry will lift Asia Pacific hotel investment to over US$10.7 billion in 2022. -
Asia-Pacific
China RevPAR Last Week Down YoY
Hotel RevPAR in China was down -35.5% year over year while down -52.5% when up against the same week in 2019. Hyatt Hotels announced the opening of Hyatt Centric Kota Kinabalu , marking the debut of the lifestyle brand in Malaysia and Southeast Asia. Absolute Hotel Services Group announced the first Absolute Collection property in Vietnam with the signing of Lamia Bao Loc Resort. -
Asia-Pacific
China Won’t Ease Zero-Covid Policy Anytime Soon
The commentary from President Xi at the National Congress in Beijing certainly did not sound like the Zero-Covid policy that has hampered tourism and business travel in and outside of China is going to change anytime soon. Anantara Chiang Mai Resort recently hosted an event to celebrate the renovations at the property. Chatrium Hospitality is set to unveil Chatrium Grand Bangkok on November 28, 2022. The hotel is located in the city’s Siam area and is an enhanced version of Chatrium’s luxury collection. -
Asia-Pacific
China Likely to Keep Zero-Covid Strategy in Place
STR reported China hotel data for the week ending 10/8. China hotel RevPAR was down -16.5% year over year (Golden Week). When compared with the same week in 2019, RevPAR was down -12.7%. People’s Daily , considered the Communist Party’s way of getting the message out to the Chinese, said China should stick with its zero-Covid strategy . Hyatt Place Huangshan Train Station , the first Hyatt-branded hotel in Huangshan, is officially open. -
Asia-Pacific
Europe Will Supersede APAC as Leading Travel Region
A new report from international travel industry analysts, the Centre for Aviation , predicts the Asia Pacific region will no longer be the world’s largest travel region by the end of 2022. Hyatt Hotels announced the opening of the Fuji Speedway Hotel in Shizuoka, Japan , the first property within The Unbound Collection by Hyatt brand in Japan. Business Line reported Accor plans to divest its stake in Indian ventures , opting to go asset-light through management contract deals. -
Asia-Pacific
New Maldives Premium Properties in Pipeline for 2023 Openings
Enova Estates SL issued a press release on new resorts expected to open in 2023 in the Maldives . They currently have over 160 island resorts. The Lee family has offered a takeover bid for Mulpha International Bhd, a continuation of a trend of privatizations and buyouts of public listed companies in Malaysia. Marriott International announced the signing of an agreement with Yuexiu Property to bring its Ritz-Carlton brand to downtown Wuhan in China. -
Asia-Pacific
Cambodia Says It Will Hit Pre-Pandemic Levels in 2026
The number of international tourists to Cambodia is expected to reach the pre-Covid-19 pandemic level in 2026. Indian Hotels and other hospitality firms in India have said they are eyeing price rate hikes. IHCL recently went back on that, saying the price hikes will have to wait until November. Hyatt Hotels Corp announced the opening of Hyatt Centric Sector 17 Chandigarh, marking the debut of the Hyatt Centric brand there. -
Asia-Pacific
China RevPAR Improves YoY But Falls Short of 2019
STR reported China lodging data for the week ended 9/24. Hotel RevPAR was up 5.1% year over year. When compared with the same week in 2019, RevPAR was down -21.5%. The St. Regis Jakarta is set to debut on November 10, 2022, within Jakarta, Indonesia’s Golden Triangle District. Club Med said their three Japan properties are ready to welcome back guests. That includes the brand new Club Med Kiroro Peak, opening in December 2022. -
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
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.