Accor

The DJIA fell 107 points, the Nasdaq was down 32, the S&P 500 fell 10 points, and the 10-year treasury yield was up .05 to 4.37%. Lodging stocks were lower on the day. Sonder announced its reverse split. Interested in attending the Skift Global Forum in NYC September 26-28? As a Daily Lodging Report subscriber, you receive 15%-off full-price tickets. Register here. (You must […]

Hotel prices will surge for the upcoming Golden Week in popular cities. The Plus version of the Golden Week, including the Mid-Autumn Festival and National Day Holiday, drives this. Data from Qunar indicates that as of September 11, the top three cities for flight bookings during the holiday were Shanghai, Beijing, and Chengdu. A luxury suite at the Peninsula […]

The DJIA rose 6 points, the Nasdaq was up 2, the S&P 500 was up 3 points, and the 10-year treasury yield barely budged at 4.32%. Was it a holiday, and nobody publicly declared it? Lodging stocks were lower. The movers of note included VCSA with an 8% rise, SHCO up 5%, and BHR fell -7% on the day.  Interested in attending the Skift Global Forum in […]

The Royal Thai Government announced a temporary tourist visa exemption scheme to passport holders of the People’s Republic of China and the Republic of Kazakhstan effective from September 25, 2023 to February 29, 2024. The government hopes this will get them to their tourism revenue target of 2.38 trillion baht. Chinese and Kazakhstani nationals will be granted […]

STR reported China hotel data for the week ended September 9th. China hotel RevPAR was up 58.1% year-over-year, up against a decline of -12.3% in the year-ago week. Compared with the same week in 2019, RevPAR was up 10.3%. The Hong Kong Tourism Board said HK recorded preliminary visitor arrivals of about 4.1 million in August, representing […]

Attendance is expected to be down for this year’s Singapore Formula 1 Grand Prix, but receipts are expected to exceed pre-Covid levels and be up year over year. About 250,000 spectators are expected to attend the three-day night race, which starts February 15, down 17% from 2022’s record turnout of 302,000 attendees. The Bay Grandstand is […]

Singapore visitation in August was down by -7.8% from July. The Singapore Tourism Board said they recorded 1.31 million visitor arrivals in August. That takes the eight-month total to 9.01 million, still nearly -30% lower than the same period of 2019. August showed 214,490 arrivals from mainland China, the second consecutive month they were the largest single […]

The DJIA rose 76 points on Friday while Nasdaq was up 13, the S&P 500 was up 6 points, and the 10-year treasury yield was flat at 4.26%. Lodging stocks were modestly higher. AHT surged 14% to lead the group. AINC traded down another -5% to another new low. SLNA was down another -9%, and SOND fell another – 6%. A new Marriott […]

Both Thailand and South Korea are aggressively trying to lure back Chinese tourists. The initiatives involve visa exemptions, tax refunds, and rewards for Chinese travelers. The Thai government has introduced visa exemptions for Chinese tourists, with plans for those exemptions to go into effect in October. The move comes as a response to a noticeable drop in Chinese tourist arrivals in the year’s […]

STR reported China hotel data for the week ended August 26. China hotel RevPAR was up 50.4% year over year. It was up against a 48.2% comp. Compared with the same week in 2019, China hotel RevPAR was up 19%, a solid result once again. A survey by the Thai Hotels Association and Bank of Thailand found that 29% of hotels rated […]

In the Q2 2023 Asia Pacific, excluding China, Hotel Construction Pipeline Trend Report from Lodging Econometrics, analysts state that the region is at an all-time project high of 1,936 with 401,766 rooms in the total pipeline at the quarter’s close. The Asia Pacific region, excluding China, had 172 hotel projects/26,748 rooms open in the first half of the year, […]

The DJIA rose 213 points while Nasdaq was up 114, the S&P 500 was up 28 points, and the 10-year treasury yield was down .03 to 4.21%. Lodging stocks jumped on the Hersha Hospitality buyout news, led by the REITs. HT was up 56%, BHR rose 16%, AHT was up 10%, and then CLDT, INN, XHR, and SHCO were up 6% each. On the […]