Jaipur

Macau hotels experience high demand during Golden Week, with standard rooms sold out for at least three nights at 22 casino-associated properties, some offering rooms at around US$400 per night. Samhi Hotels raises Rs 1,370 crore through an IPO, with plans to use the proceeds for debt repayment and corporate purposes, resulting in a 7% trading increase from the IPO price. Blue Chandra Pte Ltd. also sells 50% of its equity holdings in SAMHI. Marriott International opens a Four Points by Sheraton resort in the Philippines and rebrands Le Meridien Phuket Mai Khao Beach Resort in Thailand, while Hilton debuts the Hilton Maldives Amingiri Resort & Spa. Hyatt announces the construction of the Hyatt House South Melbourne in Australia for a 2025 opening.

China hotel RevPAR increased by 50.4% YoY, outperforming a 48.2% comparison and growing 19% compared to 2019, driven by strong recovery. Thai hotels, especially those with three stars or less, faced severe impact from interest rate hikes, uncertain tourism outlook, and competition, prompting calls for regulatory changes. New luxury hotels are opening in historic Japanese and Vietnamese destinations, while major hotel chains like Accor and Melia are expanding their portfolios in Singapore and Vietnam. Additionally, Meriton Suites is expanding luxury offerings across Australia.

The FIFA Women's World Cup 2023 generated $2.98 billion in travel and retail spending in NSW, boosting the economy and drawing record audiences to hospitality venues. Hilton plans to open 25 new luxury hotels in the Asia Pacific region, including its Waldorf Astoria brand in countries like Malaysia, Vietnam, and India. Hotel Properties received approval for a S$1-2 billion project to redevelop prime properties on Orchard Road. The redevelopment includes twin skyscrapers, retail, office, residential spaces, and a performance theater, making it Orchard Road's largest property redevelopment.

China has a hotel construction pipeline of 3,666 projects with 678,965 rooms. Mid-level upscale and upper midscale projects are active. Hilton, IHG, and Marriott lead the franchise companies. Vietnam's luxury hotel supply grew 6.2% in H1 2023, with 235 five-star and 354 four-star hotels. The country served 4.3 million overnight visitors. Accor plans 10+ new hotels in India and supports unbranded hotels with the Cozzet Collection.

China's summer resort tourism market reaches 1.2-1.5 trillion yuan as residents seek refuge from heat waves. The Philippines Bureau of Immigration expects a 20% increase in tourist visa extensions with the launch of its electronic services platform. SC Capital Partners acquires a portfolio of 27 resort hotels in Japan , focusing on revenue increase and refurbishment works.

China Hotel RevPAR: China Hotel RevPAR increased by 44% YoY for the week, but compared to the same week in 2019, it was down by -5.9%. Macau Hotel Occupancy: Macau 's hotel occupancy rate in May rose by 44.6 percentage points YoY, reaching 78.9%. Three-star hotels had an 81% occupancy rate, while five-star hotels reached 79%. Boutique Hotel Market in Australia: Australia 's boutique hotel market is experiencing growth due to a travel evolution sparked by the pandemic. Boutique properties outperformed international hotels in occupancy, ADR, and RevPAR, driven by domestic, leisure-based tourism.

Japan's hotel sector has seen a significant increase in overseas investment, reaching $691 million year-to-date. Construction and finance costs have led to the cancellation or delay of hotel projects in Australia, resulting in a reduction of almost 1,000 planned hotel rooms. Macau experienced a 270% year-on-year increase in visitor arrivals in May, with Mainland China being the largest source of visitors.

The Ministry of Culture and Tourism in China said domestic travelers reached 274 million during the recent Labour Day Golden Week holiday, topping 120% of pre-Covid levels . Hyatt Regency Danang Resort & Spa is set to introduce a new era of exciting hospitality to Vietnam’s central coast. Rosewood Hotels & Resorts has been appointed by Eleven D&C Co., Ltd. to manage Rosewood Seoul , a new build ultra-luxury hotel set to open in 2027.

STR reported  China hotel RevPAR, the week ending April 8, was up 108.5% on a year-over-year basis. It was up against an easy -49.5% comparable in 2022. STR said Melbourne’s hotel occupancy was the highest for any month since February 2020 in March 2023. Marriott International CEO Anthony Capuano was interviewed at the HICSA Conference in Bengaluru, India this week. He said Marriott plans to expand to at least 10 new cities in the country in the next two years with over 100 properties .

Hotels were reported to be full in parts of the Philippines during the Holy Week break. The Commerce Federation of Macau Central and Southern District said Macau received over 300,000 visitors during the four-day Easter holiday period . Fosun Tourism expects a sustained boom in Chinese tourism in the second and third quarters. Fosun is planning expansions in resort projects in China’s tier I and tier II cities.