Banyan Tree

Banyan Tree Group, closing out the 2022 fiscal year with 63 properties across its global portfolio of 10 hospitality brands, expects to get to 113 hotels by the end of 2025. They added eight newly built or converted hotels in 2022 and the Singapore-based group is on track to double its footprint by 2025, expanding its presence in 23 […]

The Hong Kong Tourism Board announced Hong Kong saw a provisional visitor arrival of 1.462 million in February, three times what arrived in January. This is the first time there were more than 1 million arrivals in a month since the Covid-19 pandemic was declared and it happened in the shortest month of the year. While a very […]

The DJIA rose 5 points, Nasdaq was down 76, the S&P 500 was down 19 points and the 10-year treasury yield managed to stay under 4%, up .08 to 3.994%. Lodging stocks were mixed but the big movers were all to the downside. SLNA traded down another -7% to another all-time low. VCSA and MCG were both down -6%. Service Properties Trust kept its […]

UNWTO’s forward-looking scenarios for 2023 suggests global international tourist arrivals could reach 80%-95% of pre-pandemic levels this year, depending on the extent of the economic slowdown, the ongoing recovery of travel in Asia and the Pacific and the evolution of the Russian offensive in Ukraine. UNWTO anticipates a strong year for the sector even in the […]

Goldman Sachs said the Chinese government still needs to keep its Zero-Covid policy until probably the April-June quarter. This follows the commentary over the weekend, once again, that the government will maintain the policy even as global stock markets buy China-related stocks in hopes of a reopening soon. China reported its highest number of Covid-19 infections in six months on […]

STR reported China hotel data for the week ending 10/8. China hotel RevPAR was down -16.5% year over year (Golden Week). When compared with the same week in 2019, RevPAR was down -12.7%. Absolute occupancy for the week was 47.1%. That compares with absolute occupancy of 54.8% during the same week last year. People’s Daily, considered the […]

Toyosu is a relatively quiet area compared to the rest of Tokyo, Japan. It does have the world’s largest seafood market, the teamLab Planets digital art museum, and Kidzania. Soon there will be an Ibiza-inspired resort opening, complete with a dining hall and outdoor barbeque facilities. The Kiranah Resort Toyosu will open on August 26. It will occupy a […]

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 […]