Ascott

STR reported China hotel data for the week ended June 17. China Hotel RevPAR was up 59.8% year over year, up against a -14.3% comp decline. When compared to the same week in 2019, China Hotel RevPAR was down -3.2%. The Ascott Ltd., lodging division of CapitaLand Investment Ltd., is set to increase its properties in Malaysia […]

A Crisil Market Intelligence report predicted the revenue of premium hotels in India will rise 80% this current fiscal year. The rise will be on the back of 19%-21% after a 13% jump in 2022. Occupancy levels for premium hotels are expected to rise from 50% in the last fiscal year to 67-72 percent in Fiscal […]