Absolute Hotel Services

In the recently released Hotel Construction Pipeline Trend Report from Lodging Econometrics, Asia Pacific’s total construction pipeline, excluding China, continued to show steady year-over-year growth to end the third quarter of 2023 at 1,929 projects and 398,199 rooms, up 3% by projects year over year. The LE forecast for new hotel openings will rise in […]

The Thai Hotels Association said new ministerial regulations allowingplaces of accommodation with no more than eight rooms and 30 guests to be excluded from the hotel business would lead to a 15% to 20% loss of tourism revenue and an increase in safety risks. The regulation was recently published in the Royal Gazette, and THA believes this creates more […]

STR reported Chinese hotel data for the week ending August 12th. Hotel RevPAR in China was up 37%, up against a 107.7% comp a year ago. Compared to the week in 2019, RevPAR was still up 16.9%. If you are one of those wondering where all the Chinese travelers are, in July, most of them apparently went […]

Malaysia is expected to surpass its international tourist arrival target for the year by achieving an arrival of at least 18 million visitors, exceeding the initial target of 16.1 million tourists. They now expect to get 18 million as they recorded 4.5 million tourist arrivals in the first quarter. JLL’s Hotel Momentum India report showed that in 2Q 2023, RevPAR […]

According to a report by Morgan Stanley, Bloomberry Resorts’ new Quezon City integrated resort in the Philippines, Solaire Resort North, will be delayed even further. The opening had been pushed back to the first quarter of 2024, but Morgan Stanley thinks it will be pushed back to the second quarter but did not give any reasons for the likelihood of the […]

A white paper on the Corporate Travel Management Market said some 84.5% of companies in China are expecting an increase in domestic travel business budgets for 2023. 74.5% expect an increase in international business travel budgets. Trip.com’s Trip.Biz unit released the report with the study noting that business travelers are increasingly eager for a comfortable, safe and efficient […]

Hotels in Thailand still want the government to accelerate the launch of the new phase of the domestic stimulus scheme even with an influx of Chinese tourists expected to show up. The Thai Hotels Association said the “We Travel Together” hotel subsidy scheme provides integral support for hotels and domestic tourists in terms of spending but […]

Macau follows what China’s leadership tells them to and now it is confirmed that Zero Covid is dead. Macau’s Secretary for Social Affairs formally announced that Macau is undergoing a ‘gradual reopening’ as authorities realize they can no longer control the outbreak in the community and mainland Chinese policies shift towards a more open approach. The […]

STR reported China hotel RevPAR for the week ended 10/15. Hotel RevPAR in China was down -35.5% year over year while down -52.5% when up against the same week in 2019. Absolute occupancy for the week in 2022 was 46.2%. That compares with 65% during the comparable week in 2021. Hyatt Hotels announced the opening of […]

The Business Times of Singapore commented on the Fitch Solutions report saying Vietnam’s tourism sector is forecast to record US$11.1 billion in revenue in 2024, which would exceed the 2019 tourism revenue number of US$10.8 billion. They expect strong growth to continue with US$13.2 billion generated by tourism in 2026 with more than 22 million arrivals in the country. As we […]

Hong Kong announced plans to further ease its arrivals quarantine requirements. As of this Friday, overseas visitors will be subject to three days of compulsory hotel quarantine, down from the current seven. They will have to undergo a further four days of medical surveillance, during which they must test daily. If they test negative each day, they […]