DoubleDragon Corp.

STR reported China hotel data for the week ended June 3. Hotel RevPAR in China was up 60.4% year over year, up against a decline of -21.6% comparison. When compared with the same week in 2019, RevPAR was down -5.5%.  Hotel Morris Sydney – Handwritten Collection will be opening on June 14. The Sydney property originally opened […]

Dow Jones published an article on how foreign investors are taking advantage of the low prices of hospitality properties in Vietnam to acquire hotels and resorts. The article cited the Marriott International deal in April to operate seven hotels and resorts from Vinpearl, including three existing hotels in Nha Trang, Hoi An and Da Nang. In February Singapore’s Lodgis Hospitality […]

STR reported China hotel RevPAR was up 143.8% year over year for the week ended April 22. Results were up against an easy comparison of down -47.7%. When compared with the same week in 2019, RevPAR was up 1.9%. Radisson Hotel Group announced the latest phase of their expansion strategy in the Philippines with the signing of a deal […]

STR said China hotel RevPAR for the week ending December 10, was down -6.4% year over year. When compared with pre-pandemic, hotel RevPAR in China was down -37.4% against the same week in 2019. Absolute occupancy was 50.5%, compared with 49.7% during the comparable week in 2021. Accor announced its list of highly anticipated properties that will open in 2023. […]

The number of international tourists to Cambodia is expected to reach the pre-Covid-19 pandemic level in 2026. A senior official there said Cambodia’s tourism sector has significantly recovered and is forecast to attract about 7 million international tourists in 2026 or 2027 and up to 7.5 million in 2028. The Ministry of Tourism’s Secretary of State said […]