Cinnamon Hotels and Resorts

STR said China hotel RevPAR was up 93.8% year over year the week ended May 20. It was up against an easy comp of down -38.2%. When compared with the same week in 2019, China hotel RevPAR was down -2.4%. Minor International Pcl said they expect a record year for its hospitality business on pent-up travel demand […]

How high will be too high for May Day Golden Week in China as reports continue to pour in about terrific business, soaring room rates along with a report from Bloomberg that there were roughly 19.7 million railway trips made across the country on April 29. China Railway Group said they expect a record 120 million […]

Savills Vietnam issued a report saying despite improvements in 2022, occupancy and room rates in Ho Chi Minh City have yet to recover to pre-pandemic levels. The occupancy rate of 45% last year was 20 percentage points higher year on year but was still 23 percentage points less than the figure in 2019. The average room rate reached 1.6 […]