ITC Hotels

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 […]

A white paper on the Corporate Travel Management Market said some 84.5% of companies in China are expecting an increase in domestic travel business budgets for 2023. 74.5% expect an increase in international business travel budgets. Trip.com’s Trip.Biz unit released the report with the study noting that business travelers are increasingly eager for a comfortable, safe and efficient […]

The Ministry of Culture and Tourism in China said domestic travelers reached 274 million during the recent Labour Day Golden Week holiday, topping 120% of pre-Covid levels. Chinese domestic tourism revenue reached US$21.4 billion during the period, up 128.9% yearly, recovering to 101% of the same period in 2019. International flights recovered to around 40% over the […]

Macau saw over 93,000 tourists come to the SAR on Saturday over the Easter weekend. Macau tourism officials continue to try to narrow the gap between current visitation and 2019, announcing plans to launch “Macau Treat”, a new version of its transport subsidy that will now encompass all international visitors coming to Macau from Hong Kong, […]

Malaysia reopened its borders nearly a year ago and finally its hotel industry is getting back to pre-pandemic occupancy levels. The Malaysian Association of Hotels said the country recovered well in 2022 with the occupancy rate going from 36% to 54%. In 2019, the rate was around 60%, according to Tourism Malaysia data. The average room rate […]

Singapore has urged Chinese authorities to restore flight capacity between the two nations to pre-Covid levels as soon as possible in a bid to improve business and tourism ties. The Straits Times said Singapore’s Foreign Minister made the request to his Chinese counterpart during a meeting this week. The number of weekly flights between the two is […]

The Philippines Hotel Sales and Marketing Association said hotels in the country remain optimistic of the industry’s performance this year as the average occupancy has already surpassed pre-pandemic levels. For the month of January, hotels were hitting 80% occupancy as compared with 60% to 70% pre-pandemic.  The association attributed the higher occupancy to the strong domestic tourism market, which covers […]

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 […]

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 […]

Thailand celebrated the arrival of its 10 millionth international visitor of 2022 on Saturday, according to the tourism authority. While that is strong, post-Covid, Thailand welcomed 40 million people in 2019.  The government expects to generate nearly $16 billion in tourism revenue this year. Next year Thailand is expecting roughly 23 million tourists and possibly a full recovery in […]

STR reported China hotel RevPAR for the week ended 11/19. RevPAR was up 9.8% year over year in China while down -37.6% versus the same week in 2019. Absolute occupancy was 53.3% for the week, up from 46.6% during the comp week last year. CapitaLand’s Ascott Limited unveiled its refreshed Somerset brand. This is the second largest brand in Ascott’s Global […]