APA Group's goal is to double its overseas hotel room count to 10,000 and increase revenue by more than 30% by fiscal year 2030. Plus, more hotel deal and development news from APAC.
Hilton, Marriott and IHG sign hotels across Asia-Pacific, including Marriott's debut of The Luxury Collection in Cambodia and Laos. Plus, more hotel deal and development news.
Recent openings in Hong Kong, Qingdao, and Osaka have seen Hilton surpass 160 trading hotels across its luxury and lifestyle categories in Asia Pacific. (Minus one that got torched in Kathmandu and needs repairs.) Plus, more hotel deal and development news.
STR reported China hotel RevPAR was up 48.2% year over year against very easy comps. When compared with this week in 2019, RevPAR was down -20.4%. Absolute occupancy in China last week was 59.1% versus 43.1% in the same week last year.
Chengdu reported 1,000 Covid cases and the Southwestern city in China has pretty much been sealed off. About 70% of the flights have been suspended to and from the city.
Hong Kong is targeting an end to hotel quarantine in November , ahead of a summit of global bankers and an international rugby competition.