-
Asia-Pacific
Macau Announces End to Zero-Covid Policy
Macau follows what China’s leadership tells them to and now it is confirmed that Zero Covid is dead. ONYX Hospitality Group unveiled plans to strengthen its serviced apartment brand, Shama . The Novotel Bali Benoa has reopened following a major renovation that will reposition the beachfront resort. -
Asia-Pacific
Asia-Pacific Construction Pipeline at Close of Q3
The supposed reopening trade for China stocks hit a speed bump as the realization set in with investors that Covid cases are not going down, in fact they continue to go up. ONYX Hospitality Group said they reinforced their expansion plan with a strategic focus on its home territory of Thailand and neighboring destination, Malaysia . According to the recent Q3 2022 close of the Construction Pipeline Trend Report , Asia Pacific’s total construction pipeline, excluding China, stands at 1,881 projects. -
Asia-Pacific
Singapore Is a Regional Recovery Standout
STR’s global bubble chart for October 22 showed Singapore standing out in the Asia Pacific region while noting continued, steady recovery for most of the world. HG Hotels & Resorts announced a partnership with Shenzhen Bay Area Urban Construction and Development Co. Ltd. to develop a new luxury and lifestyle hotel. The Fullerton Ocean Park Hotel Hong Kong officially opened The Fullerton Spa , offering best-in-class wellness treatments for Hong Kong guests and travelers.7 -
Asia-Pacific
Maldives’ Outlook Downgraded Despite Tourism Recovery
Fitch Ratings revised the Maldives’ outlook to Negative from Stable while affirming its Long Term Currency Issuer Default Rating at B-. Hilton announced plans to expand the presence of Conrad Hotels & Resorts through Conrad Singapore Orchard . Singapore’s Far East Organization is planning to develop a new hotel in Sydney’s Rocks district , with a proposal to redevelop the Clocktower Square with a luxury new property. -
Asia-Pacific
Macau Arrivals Highest Since June Outbreak
Macau saw 65,677 visitor arrivals over the weekend in the first two days of the National Day Golden Week. Marriott International announced their JW Marriott brand opened the JW Marriott Khao Lak Resort Suites, an all-suite luxury retreat nestled in a serene beachside setting on southern Thailand’s Andaman coast. Hilton Grand Vacations announced the grand opening ceremony for The Beach Resort Sesoko, a Hilton Club. -
Asia-Pacific
New Maldives Premium Properties in Pipeline for 2023 Openings
Enova Estates SL issued a press release on new resorts expected to open in 2023 in the Maldives . They currently have over 160 island resorts. The Lee family has offered a takeover bid for Mulpha International Bhd, a continuation of a trend of privatizations and buyouts of public listed companies in Malaysia. Marriott International announced the signing of an agreement with Yuexiu Property to bring its Ritz-Carlton brand to downtown Wuhan in China. -
Asia-Pacific
Accor’s Optimism in Australia and India
Accor said they are experiencing a sustained recovery in their Western Australia hotel, apartment, and resorts network . Accor also said they are bullish on India , with plans to open mid-level hotels across metros and budget brands in tier-2 and tier-3 cities but also adds to its luxury portfolio with another Raffles property in Jaipur soon. The Park Hotels will run a 65-room hotel at the Digha Convention Centre. An agreement was signed with the Kolkata Metropolitan Development Authority. -
Asia-Pacific
Australia Hotel Occupancy Dips Between June and July
STR reported Sydney, Australia hotel occupancy dipped in July from June. Occupancy in July 2022 was 65.8% while ADR was A$239.96 resulting in RevPAR of A$157.80. The Business Times reported business has picked up so much in Singapore that hotels are frantically looking for employees as staffing levels have yet to match the tourism pickup. Choice Hotels Asia Pacific said corporate travel has returned to a new normal with guests seeking value for money as work trips merge into leisure.