Asset World Public Company Limited

The winning streak for the DJIA ended with a 237-point drop today while Nasdaq was down 77, the S&P 500 fell 29 points, and the 10-year treasury yield surged .16 to close at a yield of 4.01%. Lodging stocks were mixed. MAR traded up to a new high, and SOHO was up 8%. Wyndham reported a slight beat, and while the debate is whether […]

Accor Pacific announced that its partners have invested more than $300 million in hotel renovations and refurbishments since the beginning of 2022. Extensive renovations and refurbishments have occurred in various locations throughout the Pacific region, including Australia, New Zealand, Fiji, and French Polynesia. The investment aims to enhance guest satisfaction, elevate property amenities and ensure Accor’s 400 hotels, apartments, […]

The DJIA rose 429 points, Nasdaq was up 156, the S&P 500 was up 53 points, the 10-year treasury yield was down .07 to 3.73% but lodging stocks were lower. Soho House (SHCO) was the biggest mover, down -9% but VCSA was up 7% and SLNA and Sotherly Hotels (SOHO) were both up 5%. Host Hotels & Resorts announced their board of directors authorized […]

Hotels were reported to be full in parts of the Philippines during the Holy Week break. The Tourism Congress of the Philippines said an increase in tourist volume was observed in top destinations such as Boracay, Mactan in Cebu, Siargao, Bohol and Palawan. The Philippine Hotel Owners Association to Bworld that domestic tourism will bounce back […]

Nepal hotels are complaining they are not seeing the deluge of reservations they would expect at this time of year. The VP of Hotel Association Nepal said a quarter of the hotel rooms are vacant. The Association has 2,000 hotels as members. Only 25% of their 10,000 room nights have been sold. They claim nearly 20% of […]

Thailand celebrated the arrival of its 10 millionth international visitor of 2022 on Saturday, according to the tourism authority. While that is strong, post-Covid, Thailand welcomed 40 million people in 2019.  The government expects to generate nearly $16 billion in tourism revenue this year. Next year Thailand is expecting roughly 23 million tourists and possibly a full recovery in […]

STR reported China hotel RevPAR results for the week ended September 10. RevPAR was down -12.3% year over year while down -29.3% when compared with a comparable week in 2019. Absolute occupancy was 48.2% in China for the week. That compares with 56.2% in the year ago week. Hong Kong hotels have been told to set aside just eight […]