-
Asia-Pacific
Japan Bets on Increased International Tourism Spending
Japan Prime Minister Fumio Kishida is pledging to increase inbound tourism spending to more than 5 trillion yen per year. OYO has introduced an improved flagship patron-facing app – CO-OYO . The Economic Times reported on the comeback of “big fat weddings” 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. -
Asia-Pacific
Hong Kong Hotels Set Aside Rooms for Positive Covid Cases
STR reported China hotel RevPAR results for the week ended September 10. RevPAR was down -12.3% year over year while down -29.3% when compared with a comparable week in 2019. Hong Kong hotels have been told to set aside just eight or 3% of their rooms, whichever is lower, to house travelers who test positive for Covid, raising the risk of insufficient space for infected people if the easing of travel curbs come into effect. Asset World Public Company Limited said they are strengthening their long term partnership with Marriott International with an agreement to launch a new Ritz-Carlton hotel in Bangkok’s heritage riverside district. -
Asia-Pacific
China RevPAR Up YOY
STR reported China hotel RevPAR for the week ended September 3 rd . Year over year, hotel RevPAR was up 19.3%, still up against easier year-over-year comps. The DuGhassan Aboud Group has acquired Sydney, Australia’s Rydges Sydney Harbour Hotel for approximately $100 million. Radisson Hotel Group announced the continued expansion of their brand footprint with Radisson Resort & Suites Phuket . -
Asia-Pacific
Foreign Tourists Buoy Thailand
A rebound in foreign tourist arrivals into Thailand is pushing up the nation’s hotel occupancy rate from a record low during the pandemic. Hotel industry experts are predicting an influx of international tourists in the Philippines in the final quarter of 2022, particularly in Manila, Cebu and Clark. ITC Hotels in India could soon be spun out of conglomerate ITC. The chairman of the parent company told reporters they are exploring alternate structures for ITC Hotels, in line with industry recovery dynamics. -
Asia-Pacific
Macau Reopens to Foreign Citizens
Tomorrow is the first day that foreign citizens from 41 countries will be allowed to enter Macau since the start of this crisis. The travelers will still have to undergo seven days of quarantine in a designated hotel followed by another three days of self-health monitoring. Control of theme park Huis Ten Bosch Park in Japan is being transferred to Hong Kong-based asset management firm PAG . IHG Hotels & Resorts announced the opening of its 600th hotel in Greater China with the debut of Kimpton Bamboo Grove Suzhou. -
Asia-Pacific
Singapore Eases Rules for Same-Day Visitors
The Singapore government said indoor masks will no longer be mandatory from August 29 on and that masks will only be worn in medical facilities and on public transport. The bigger… -
Asia-Pacific
China Covid Infections Hit 3-Month High
China reported 2,181 new Covid cases on Saturday , with infections surging to a three month high. Real Commercial said Sydney hotel occupancies are beginning to slip but hoteliers are still charging higher room rates. Tuan Sing Holdings is close to announcing plans to redevelop its 550 room Grand Hyatt Hotel in Melbourne’s Collins Street into a major mixed-use development.