Marriott Promises 100 Properties in India by 2025
Skift Take
- STR reported China hotel RevPAR, the week ending April 8, was up 108.5% on a year-over-year basis. It was up against an easy -49.5% comparable in 2022.
- STR said Melbourne’s hotel occupancy was the highest for any month since February 2020 in March 2023.
- Marriott International CEO Anthony Capuano was interviewed at the HICSA Conference in Bengaluru, India this week. He said Marriott plans to expand to at least 10 new cities in the country in the next two years with over 100 properties.
STR reported China hotel RevPAR, the week ending April 8, was up 108.5% on a year-over-year basis. It was up against an easy -49.5% comparable in 2022. When compared with the same week in 2019, China hotel RevPAR was down -16.4%. The results cannot be viewed as apples to apples as it includes a holiday week shift.
STR said Melbourne’s hotel occupancy was the highest for any month since February 2020 in March 2023. Preliminary results showed occupancy averaging 77.3% while average daily rate was A$245.13. ADR, and RevPAR were at their highest levels for any month on record while occupancy was still down by -9.8% below the pre-pandemic comp. The highest occupancy level was recorded on March 31st at 90.7%, the first day of the Australian Grand Prix weekend. That means April was off to a great start.
Cebu Landmasters Inc is set to open its first mountain resort project, the MagsPeak Mountain Resort and Villas, in 2025. The 21-hectare mountain estate located in Magsaysay Peak, Brgy Sunog, Balamban, Cebu, Philippines will have 12 exclusive mountain villas,
