Ginger

Tourism officials in Thailand are hoping for 2 million Russian tourists to visit the Kingdom next year. The Director of the Tourism Authority of Thailand’s Moscow office believes they could hit this record number if Thailand maintains its friendly country status with Russian government officials. Russia’s military invasion of Ukraine has Russian tourists unwelcome in many […]

The Ritz-Carlton in Melbourne and the one in Perth are being sold for about $500 million, according to various Australian news sources. The Australian Financial Review predicted ultra-high net worth Australians and offshore investors are expected to bid for the hotels after Far East Consortium put them on the market with price expectations of about $500 million. This follows the opening of […]

STR reported China hotel data for the week ended May 27. China hotel RevPAR was up 83.3% year over year while up 4.3% versus the same week in 2019. Singapore hotels’ average room rate and RevPAR were up in April with ARR up 3.3% to S$273.18 from March. Year over year, ARR was up 32.8%. Overall room […]

Golden Week started off with a bang in the SAR with Hong Kong reporting 165,000 people crossed the border into the city on the first day while more than 110,000 tourists from the Mainland left Hong Kong, complaining of soaring hotel prices and praising the convenience of the high-speed rail for making short visits. The South […]

An HVS Anarock report on the Indian hotel market shows the number of hotel rooms in tier-II and tier-III cities increased to 38% of the total inventory at the end of 2022 from 33% four years ago. The share of hotel rooms in metros went down to 19% during the same period. In 2022, 166 new […]

The Hong Kong Tourism Board announced Hong Kong saw a provisional visitor arrival of 1.462 million in February, three times what arrived in January. This is the first time there were more than 1 million arrivals in a month since the Covid-19 pandemic was declared and it happened in the shortest month of the year. While a very […]

STR said during the seven-day Lunar New Year holiday period, China’s hotel average daily rate surpassed 2019 levels. Occupancy edged closer to the comparable before eventually surpassing it on day seven. Also different from pre-pandemic normal years, many opted for trips to their hometowns as opposed to international travel. Overall 36 of 43 markets in China saw […]

Tour groups from mainland China to 20 countries have restarted, 11 of which are in Asia Pacific. This includes Singapore, Philippines, Cambodia, South Korea, Australia, New Zealand, Sri Lanka and Macau and Hong Kong. Countries that are not on the list include Japan, South Korea and the US. The battle already is fierce for these low-margin […]

Singapore hotels’ average room rate was up 27.7% in December 2022 from a year ago to a new 14 year high of S$285.84. Tourist arrivals rose to 931,337, the highest since the onset of the pandemic.  Philippines President Ferdinand Marcos has approved a value-added tax refund program for foreign tourists by 2024 to attract more visitors. The government collects […]

Colliers is recommending developers in the Philippines line up various hotel projects in order to capture the surge in local and foreign tourists. Dept of Tourism data showed the first 10 months of 2022 recorded 1.9 million arrivals, beating the full year target of 1.7 million. In the first half of 2022, Colliers recorded the delivery of […]

CoStar published an article on Swire Hotels and its plans to expand The House Collective to destinations like Tokyo and Shenzhen Bay in China. The House Collective currently comprises four hotels in China and Hong Kong. In July, Swire announced its first international hotel affiliated with The House Collective, a collaboration between L Catterton Real Estate and Tokyu Corporation and Tokyu Department Store, both under the […]

Bloomberg reported that hotel rooms in Singapore are now the most expensive in almost a decade as the city-state seeks to position itself as the tourism and business destination in Asia. The average hotel room rate in Singapore rose nearly 70% year on year in July to S$259, the highest since September 2021. Visitor arrivals continue to […]