Hong Kong

Asia-Pacific

Indonesia Is 17% Below Its 2019 Level of Foreign Visitation

In May, Indonesia saw a 20.1% year-over-year rise in foreign tourist arrivals to 1.15 million, with hotel occupancy reaching 54%, the highest since December 2023.

Alan Woinski | 5 months ago

Asia-Pacific

Fitch Upgrades Its APAC Outlook

Fitch Ratings revised its 2024 outlook for APAC lodging to improving from neutral due to robust recovery in travel and RevPAR in 1Q24, anticipating strong rebound in China's outbound tourism to support overall APAC hotel occupancy and growth.

Alan Woinski | 6 months ago

Asia-Pacific

Full Tourism Recovery in APAC Forecast for Early 2025

Fitch Ratings projects China outbound tourism to the Asia Pacific region will recover to 86% of pre-Covid levels in 2024, with full APAC tourism recovery expected by the first half of 2025.

Alan Woinski | 6 months ago

Asia-Pacific

Hilton Garden Inn to Expand in China

Hilton plans to open around two dozen new Hilton Garden Inn hotels in China over the next year, including locations in Beijing, Nanjing, Chengdu, Chengde, and Jinan.

Alan Woinski | 6 months ago

Asia-Pacific

Vietnam’s Hotels Increasingly Face Financial Difficulties

Despite a rebound in tourism, many Vietnamese hotels face financial troubles and are being auctioned.

Alan Woinski | 6 months ago

Asia-Pacific

India Okays ITC Spinning Off Its Hotel Business

The Competition Commission of India approved ITC Ltd's demerger of its hotel business into the newly independent, publicly listed ITC Hotels Ltd, with ITC retaining a 40% stake and 60% distributed to shareholders.

Alan Woinski | 7 months ago

Asia-Pacific

Japan’s RevPAR Impresses Despite Yen Depreciation

Japan's hotel business has seen impressive RevPAR growth over the past 15 months due to a late post-pandemic reopening, high inflation, international demand, and a depreciating yen – all despite minimal return of Chinese travelers.

Alan Woinski | 7 months ago

Asia-Pacific

KKR and Marriott Do a 14-Hotel Deal in Japan

KKR and Marriott International announced their entry into Japan's midscale hospitality market, with the conversion of 14 acquired Unizo hotels into Four Points Express by Sheraton, marking Marriott's midscale debut in Asia Pacific.

Alan Woinski | 7 months ago

Asia-Pacific

China Tries to Reverse Weak Hong Kong and Macau Tourism

China introduces new measures to enhance travel flexibility and document processing for mainland citizens visiting Macau and Hong Kong, effective May 6.

Alan Woinski | 8 months ago

Asia-Pacific

Hyatt Introduces New Hotels in China

Hyatt Hotels launched Caption by Hyatt Zhongshan Park Shanghai, its new lifestyle brand in the Asia Pacific, and opened Hyatt Centric Zhongshan Park Shanghai, the first full-service Hyatt Centric hotel in downtown Shanghai.

Alan Woinski | 8 months ago