Sapporo

Asia-Pacific

Hotel Franchising Doubles in Southeast Asia

A new report says that hotel franchising is rapidly expanding in Southeast Asia, providing local hotel owners significant growth opportunities despite market challenges.
Asia-Pacific

Oyo Reported to Get More Financial Backing

Macau’s Golden Week holiday saw a surge in visitors, with over 932,000 arrivals and high hotel occupancy rates, mainly driven by mainland Chinese tourists. Indonesia plans a significant expansion in its tourism sector, aiming to attract up to $8 billion in investments for specific destinations. Several new hotel properties by Accor and Hilton are announced in countries including Australia, Vietnam, Sri Lanka, and Malaysia.
Asia-Pacific

China’s YoY RevPAR Growth Nearly Doubles

STR  reported China hotel RevPAR was up 99% year over year for the week ended May 13 . According to Lodging Econometrics’ latest China Construction Pipeline Trend Report , China’s total hotel construction pipeline stand sat at 3,659 projects/680,959 rooms at the end of Q1 2023. Macau visitor arrivals rose 16.2% in April from March, up 275% year over year, to 2,274,050.
Asia-Pacific

Foreigners Buying Japanese Hotels at a Higher-Than-Usual Rate

Bloomberg published an article saying foreign investors are buying up Japanese hotels at a scale unseen in almost a decade , as the nation’s tourism recovery, weak currency and low-interest rates drive an appetite from abroad. As expected, the Japanese government wasted no time in approving the Osaka prefecture Integrated Casino Resort plan once the Governor was reelected and the first poll came out showing a favorable view. Accor is expanding its presence in Japan with the signing of ibis Styles Tokyo Ginza East , centrally situated in the shopping and entertainment district of Ginza.
Asia-Pacific

Vietnam to Relax Visa Rules to Boost Visitors

Vietnam Prime Minister Pham Minh Chinh instructed his cabinet to relax certain visa requirements in a bid to attract more foreign tourists to the country. The Economic Times said many more hotels will be signed in India this year  compared to last year with some chains even considering doubling their signing numbers from last year. Wyndham Hotels & Resorts announced strong growth in Asia Pacific as it closed out 2022, diversifying its offerings for guests and owners across the region.
Asia-Pacific

More Covid Restrictions Fall Across Asia

Covid restrictions continue to fall like dominoes . Hong Kong came through with their plan to end their hotel quarantine policy, putting it into effect before October Golden Week, beginning today. Macau’s hotel occupancy rate fell to just 33.3% in August, down -1.1 percentage points year over year. DBS said Singapore’s hospitality industry is on track for a “spectacular” second half of 2022.