Cygnett Hotels & Resorts

STR reported Sydney’s hotel industry recorded its highest performance levels of the pandemic-era. The preliminary November 2022 data shows occupancy averaging 79.8% for the month, ADR at A$273.07 resulting in RevPAR of A$217.79.  STR said the market’s ADR level was the highest for any month on record except for September 2000 when it hosted the Sydney […]

The Business Times of Singapore commented on the Fitch Solutions report saying Vietnam’s tourism sector is forecast to record US$11.1 billion in revenue in 2024, which would exceed the 2019 tourism revenue number of US$10.8 billion. They expect strong growth to continue with US$13.2 billion generated by tourism in 2026 with more than 22 million arrivals in the country. As we […]