Asian hospitality sector experiences mixed performance with China hotel RevPAR declining, while MGM debuts new brand MGM Reserve and Minor International, Four Seasons, and OYO-parent Oravel Stays announce expansion plans.
Domestic Chinese hotel chains are expanding internationally, with notable investments in Malaysia, Japan, South Korea, and Southeast Asia, driven by the rising number of Chinese travelers.
STR reported China hotel data for the week ended May 6. Hotel RevPAR in China was up 140.9% year over year.
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 to fully satiate the booming demand from mainland China tourists .
Araiya Hotels and Resorts and Kamakhya Hospitality Services Private Limited announced plans for a new urban resort Soul by Araiya, Dharamshala, A Kamakhya Hotel , anticipated to open in Q4 2023.