Sydney

Asia-Pacific

Sydney Hotels Mark Highest ADR Since Olympics Era

STR reported Sydney’s hotel industry recorded its highest performance levels of the pandemic-era. Chinese aviation data company VariFlight said domestic flight activity jumped to around 65% of pre-pandemic levels in China yesterday. OYO announced a new program ranking hotels that provide consistent and high-quality customer experience .
Asia-Pacific

Macau's October Hotel Occupancy Underwhelms

STR reported China hotel RevPAR for the week ended November 26 was up 2.2% year over year. Macau hotels’ had average occupancy in October of 41.8%, up 4.2 percentage points from September. Accor announced details on some of its newest properties across Australia and New Zealand that will be opening in 2023.
Asia-Pacific

Pan Pacific Hotels to Double Serviced Suites Portfolio

Pan Pacific Hotels Group announced it will double its serviced suites portfolio in 2023. Mandarin Oriental Hotel Group announced it will manage a new resort with branded residences in Phu Yen province, one of Vietnam’s coastal regions. InterContinental Khao Yai Resort in Thailand has unveiled 19 Suites and Villas, housed within repurposed heritage railcars marking the final phase of its opening journey.
Asia-Pacific

Accor to Add Five-Star Property in Sydney

Accor said they signed an agreement with Panthers Group for a new five-star Pullman hotel at the Penrith Panthers precinct in Western Sydney . InterContinental Khao Yai is a new resort in Thailand , located in Nakhon Ratchasima province in Khao Yai National Park . IHG , in cooperation with Bao Quan Investment & Construction Joint Stock Company , will open its first Crowne Plaza hotel in Vinh Yen City in the northern province of Vinh Phuc this November.
Asia-Pacific

China Won’t Ease Zero-Covid Policy Anytime Soon

The commentary from President Xi at the National Congress in Beijing certainly did not sound like the Zero-Covid policy that has hampered tourism and business travel in and outside of China is going to change anytime soon. Anantara Chiang Mai Resort recently hosted an event to celebrate the renovations at the property. Chatrium Hospitality is set to unveil Chatrium Grand Bangkok on November 28, 2022. The hotel is located in the city’s Siam area and is an enhanced version of Chatrium’s luxury collection.
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

Sydney Hotel ADR Highest Since February 2018

STR  said  Sydney’s monthly hotel performance  reached a pandemic-era high, according to preliminary September 2022 data from STR. Singapore   international visitor arrivals  continue to be strong but The Business Times said the momentum appears to have slowed down in recent months. InterContinental Sydney  announced the completion of its extensive renovation program to welcome the hotel’s next chapter.
Asia-Pacific

Golden Week Covid Outbreaks Slow Recovery

While  Golden Week was a bit tarnished for hoteliers in China , it created a breeding ground for Covid cases and that was not a disappointment. The number of Adelaide hotel rooms filled in one night  hit a new high last month. For Macau , a Covid boom means new quarantine and other measures, bringing down the mood after there were 163,000 mainland visitors entering the city during the seven days of Golden Week.
Asia-Pacific

Europe Will Supersede APAC as Leading Travel Region

A new report from international travel industry analysts, the  Centre for Aviation , predicts the  Asia Pacific region  will no longer be the world’s largest travel region by the end of 2022. Hyatt Hotels  announced the opening of the  Fuji Speedway Hotel  in  Shizuoka, Japan , the first property within  The Unbound Collection by Hyatt  brand in Japan. Business Line reported  Accor   plans to divest its stake in Indian ventures , opting to go asset-light through management contract deals.
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.