Kyoto

Asia-Pacific

Chinese Outbound Travel Continues to Expand

Singapore has urged Chinese authorities to restore flight capacity between the two nations to pre-Covid levels as soon as possible in a bid to improve business and tourism ties. South Korea will increase the number of flights into the country from China to 80 from 62 per week by the end of this month. European Union countries have agreed to phase out pre-departure Covid testing for travelers from China by the end of the month.
Asia-Pacific

China Ends January With Weekly RevPAR up 67% Over 2019

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 .
Asia-Pacific

Singapore’s Optimistic Tourism Forecast

Singapore said it is expecting between 12 million and 14 million international visitor arrivals in 2023. That would be more than double the 6.3 million final tally of visitors in 2022. Sortis Holdings, Inc. is acquiring boutique hotel company Ace Group International and its management company, Atelier Ace. Yesterday we reported on the Wyndham Danang Golden Bay in Vietnam and today we cover the Wyndham Vuon Vua Thanh Thuy .
Asia-Pacific

China’s Travel Rebound May Speed Up

STR reported China hotel RevPAR was down -17.7% year over year for the week ended 12/31/22. When compared to the same week in 2019, RevPAR was down -23.6%. As of Sunday, the terrible hotel news of the past three years is just that, in the past as borders were reopened in China . The Philippines and China signed a new comprehensive tourism agreement that aims to strengthen mutual development in areas such as hotels, resorts, cruise ships, ports, tourism products and other related industries.
Asia-Pacific

TFE Hotels, ShriGo Hotels and Grand Amanta Expand

STR said China hotel RevPAR the week ended 12/24  was down -21.9% year over year and down -38.9% versus the same week in 2019. Marriott International said its transformation of the Sheraton Hotels & Resorts brand  continues to build momentum across the globe. TFE Hotels  will launch into 2023,  opening three new-build hotels  in the first half. The  Adina Apartment Hotel Pentridge Melbourne  will open in Australia in February.
Asia-Pacific

Poll Reveals Japan Interest Among U.S. Travelers

Adelaide hosting the Australian Football League’s Gather Round and LIV Golf in April 2023 has resulted in a boost in the market’s hotel occupancy on the books. 35.7% of Americans surveyed are aware that Japan is now open for travel with Asian Americans at 57% and 41.3% of those living in Western US. BWH Hotels Group said they are continually expanding with six new signings of properties in Pakistan and Vietnam .
Asia-Pacific

India Hotels Projected to See 23% Growth Over Pre-Pandemic Levels

STR reported China hotel RevPAR for the week ended 11/19. RevPAR was up 9.8% year over year in China while down -37.6% versus the same week in 2019. CapitaLand’s Ascott Limited unveiled its refreshed Somerset brand. This is the second largest brand in Ascott’s Global Portfolio. Crisil Ratings said the Indian hotel industry is likely to witness 23% growth in revenue this fiscal over the pre-pandemic level, driven by a strong recovery in business travel and continued traction in leisure travel.