CBRE Hotels

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 […]

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 […]

The Philippines Dept. of Tourism said foreign arrivals reached 3.3 million in the first eight months of 2023, approaching the government’s goal of 4.8 million arrivals for the full year. South Korea remains the top inbound tourist source, with over 940,000 visitor arrivals recorded in the eight months. The US was second with 17.31% of arrivals, or 632,687. […]

The DJIA fell 291 points while Nasdaq was down 158, the S&P 500 fell 34 points, and the 10-year treasury yield was up another .05 to 4.31%. Lodging stocks were lower. SLNA traded down to an all-time low, down -12%. Also hitting another new low was BHR. Truist held a conference call with JP Ford of Lodging Econometrics. They see steady year-over-year growth in supply in the […]

HVS Anarock released their Hotels & Hospitality Overview for India for the second quarter. While ADR was up 16%-18%, occupancy dropped 1-3 points. RevPAR was up 13%-15%. June saw the rates drop month on month but were still above pre-pandemic levels. For the month of June, the most growth in room occupancy was seen in the metro cities […]

The DJIA was down 67 points, Nasdaq was down 14, the S&P 500 was down 12 points, and we may as well just get it over with and get to 4.50% on the 10-year, with the yield rising another .11 today to 4.19%. Lodging stocks were lower, weighed down by a tough day of earnings reports. SLNA, after that ridiculous trading yesterday, was […]

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, […]

Cambodia’s international airports in Phnom Penh, Siem Reap and Sihanoukville welcomed a combined 2.48 million passengers in the first six months of 2023, representing a 270% year on year increase. The State Secretariat of Civil Aviation said the airports combined on an average of 404 flight movements per week with Phnom Penh the busiest with 602 […]

STR reported China hotel data for the week ended July 1. The end of the first half of the calendar year 2023 was a week that had China hotel RevPAR up 50.4% year over year, up against a decline of -7.6% comp. When compared to the same week in 2019, China hotel RevPAR was up 13.2%. Vietnam’s General […]

STR reported China Hotel RevPAR data for the week ended June 24. China Hotel RevPAR was up 44% year over year for the week. When compared to that week in 2019, RevPAR was down -5.9%. Macau’s hotel occupancy rate rose by 44.6 percentage points year over year in May to reach 78.9%. The occupancy rate of three-star hotels reached […]

The DJIA ended Friday down 109 points while Nasdaq was down 31, the S&P 500fell 6 points and the 10-year treasury yield was up .04 to 3.69%. Lodging stocks were modestly lower. SOND was down -14% after rising in the past week on heavy insider buying. SLNA traded down -8% to another all-time low. STR reported US RevPAR for the week ended May 13 […]

STR reported China hotel data for the week ended May 6. Hotel RevPAR in China was up 140.9% year over year. When compared with the same week in 2019, hotel RevPAR was up 21.2%. The South China Morning Post said Macau’s casinos are still struggling with finding labor as hotel rooms stay shut and the resorts are unable […]