ibis Budget

Hilton announced the opening of The Mermoon Resort Hainan Tufu Bay, Tapestry Collection by Hilton. This marks the entry of Hilton’s lifestyle brand into the vacation destination of Hainan Island, China’s southernmost point. The resort is owned by China Energy Construction Group Co. Ltd and is managed by Hilton. The hotel includes 116 guest rooms and suites all […]

STR reported China hotel RevPAR, the week ending February 11, was up 61.6% year over year. That was despite being up against a 54% comp result in 2022. When going up against the same week in 2019, pre-pandemic, RevPAR last week was up 1.3% despite tough Chinese New Year comps due to the timing of […]

STR reported China hotel RevPAR was down -17.7% year over year for the week ended 12/31/22. When compared to the same week in 2019, RevPAR was down -23.6%. Absolute occupancy for the week was 39.8%. A year ago, absolute occupancy was 51.3%. As of Sunday, the terrible hotel news of the past three years is just […]

The equity markets made a dramatic recovery considering investors in Treasuries gave the Fed a no-confidence raspberry, not liking the comments from one of the Governors today at all. The DJIA rebounded from losses to end the day up 146 points while Nasdaq nearly came all the way back, down only 31 by the close. The S&P 500 was up 12 points […]