Philippines Holds on to 2024 Tourist Targets
The Philippines aims for 7.7 million tourists in 2024 despite challenges, with South Korea as the top source market and a significant increase in visitor receipts this year.
Copthorne
Pebblebrook Boosts EBITDA Outlook
Pebblebrook Hotel Trust increased their 2024 EBITDA and AFFO outlook despite reducing their RevPAR outlook, anticipating a stronger 2025.
Kim Woinski and Alan Woinski |
China Tries to Reverse Weak Hong Kong and Macau Tourism
China introduces new measures to enhance travel flexibility and document processing for mainland citizens visiting Macau and Hong Kong, effective May 6.
Japan's Inbound Tourism Surges Thanks to Gulf Countries
China hotel RevPAR increased by 27.9% year over year and by 13.7% when compared to 2019.
Japan experienced a resurgence in inbound tourism, with GCC countries leading the way, and June 2023 saw 72% of the visitor numbers compared to June 2019.
Several hotels, including W Sydney , W Macao Studio City , and The Grand Copthorne Waterfront Hotel , have announced openings and renovations to cater to the recovering travel demand. Additionally, CapitaLand Ascott Trust signed a Memorandum of Understanding for acquiring lodging assets in the UK, Ireland, and Indonesia.