The Indian Hotels Company Ltd

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 […]

Macau has received 245,000 visitors in the first four days of the first four days of the Chinese New Year/Spring Festival holiday week. The visitor numbers have increasing starting with close to 40,000 on Saturday, 51,000 on Sunday and then a big increase on Monday and Tuesday. This is the highest visitation Macau has seen in three years. Wyndham Hotels […]

Macau’s Statistics and Census Service said the SAR saw a total of 5,700,339 visitor arrivals in 2022, down 26% year on year. The 2022 figure compares with 7.7 million arrivals in 2021 and a record 39.4 million arrivals in 2019. The number of overnight visitors fell 32.8% to 2,484,028 while same day visitors fell 19.8% […]

Singapore said it is expecting between 12 million and 14 million international visitor arrivals in 2023. That would be more than double the 6.3 million final tally of visitors in 2022 but below the 19.1 million that visited in 2019. The Singapore Tourism Board expects tourism receipts to reach S$18 billion to S$21 billion, up from […]

Hotels in Thailand still want the government to accelerate the launch of the new phase of the domestic stimulus scheme even with an influx of Chinese tourists expected to show up. The Thai Hotels Association said the “We Travel Together” hotel subsidy scheme provides integral support for hotels and domestic tourists in terms of spending but […]

The Nation reported hotels in Thailand expect occupancy rates to start picking up in the second half of this year. China lifting restrictions is playing a big part in that projection. The Hotel Business Operator Sentiment Study is conducted by the Thai Hotels Association and Bank of Thailand. Last month’s study showed operators expect their revenue […]

Data from Tourism Western Australia shows Singapore is now the number one source of foreign visitors, with Singaporeans accounting for 24% of all international arrivals in the September quarter, despite Singapore’s relatively low population. Singapore arrivals are already back at 80% of pre-Covid numbers with 270 flights per week between Changi and Perth Airport. Before […]

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 […]

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 […]

Macau follows what China’s leadership tells them to and now it is confirmed that Zero Covid is dead. Macau’s Secretary for Social Affairs formally announced that Macau is undergoing a ‘gradual reopening’ as authorities realize they can no longer control the outbreak in the community and mainland Chinese policies shift towards a more open approach. The […]

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 […]

STR reported Melbourne, Australia’s hotel performance reached a pandemic era high, according to preliminary October 2022 data from STR. Occupancy for the month was 69.9%, ADR was A$232.07 and RevPAR was A$162.21. The market’s ADR level was the highest for any month on record while occupancy and RevPAR were the highest since February 2020 and November 2019 respectively. […]