Movenpick

Accor said they are gearing towards a record-breaking year in signings in the Premium, Midscale and Economy Divisions across Asia. As of September, Accor has already signed management agreements for a total of 42 properties, adding over 11,000 keys to its robust portfolio. The outlook for the remainder of 2023 includes plans to sign an additional 20 projects, bringing […]

Trip.com Group said Chinese tourists flocked to the Middle East during the eight-day Golden Week holiday. After rolling out free visas and increasing flight capacity, Dubai was a big beneficiary. Trip.com told Bloomberg that year-on-year visitation to the region climbed three digits, again a comparison we don’t understand why it gets so much traction since the Zero Covid policy from China had 2021 and 2022 not even worth comparing to. Trip.com also […]

China wrapped up its Golden Week holiday with Macau’s sensational week being tempered somewhat due to a Typhoon heading towards them. We went from an average of 128,000 visitors a day on day 6 to ending the 8-day holiday with over 932,000 visitor arrivals, an average of close to 117,000 a day. Executives have mentioned 90%+ hotel occupancy […]

STR reported that China hotel RevPAR was up 22% year over year for the week ending August 5th. When compared with the same week in 2019, RevPAR was up 6.7%. China has lifted a ban on group tours to more than 70 locations. Group tours will resume to dozens of locations in Asia Pacific, Europe, Africa, […]

STR reported that China hotel RevPAR for the week ending July 15 was up 40.6% year over year. The results were up against a decline of -18.3% a year ago. When compared to the week in 2019, RevPAR was up 8.3%. The Philippines has reached its 3 million international visitor arrivals mark as of July 19. The Department of Tourism […]

More reports are coming out of Vietnam about hotels closing or being put up for sale. The latest article said a Google search “for sale hotels in Ho Chi Minh City” brought up hundreds of results. The Ho Chi Minh City Department of Tourism said in District 1 there are 308 tourist establishments and about 20 have closed, […]

The DJIA was down 51 points but Nasdaq was up 42, the S&P 500 was flat and the 10-year treasury yield was down .11 to 3.70%. Lodging stocks were mixed. SOND was up 15% (0.0817) while SOHO jumped 12% as they announced the payment of some special preferred dividends, trying to get preferred shareholders whole again on their past dividends. AHT was up 8% […]

The DJIA ended the day down 58 points while Nasdaq was up 46, the S&P 500rose 6 points and the 10-year treasury yield was flat at 3.98%. Lodging stocks were modestly higher. The only mover of note was MCG, up 18%. Membership Collective Group reported strong 4Q results, a profitable quarter, today. In the earnings report they disclosed they would be changing their […]

STR reported hotel RevPAR in China rose 31.5% the week ended January 14. When compared with the same week in 2019, RevPAR was down -28.1%. The Chinese Ministry of Culture and Tourism announced the country has decided to resume outbound group travel to selected countries including Sri Lanka early next month. The pilot program will take effect on February 6 to […]

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 commentary from President Xi at the National Congress in Beijing certainly did not sound like the Zero-Covid policy that has hampered tourism and business travel in and outside of China is going to change anytime soon. President Xi celebrated the nation’s “zero Covid” pandemic response. He called it the best choice and that it is […]

STR reported China hotel data for the week ending 10/8. China hotel RevPAR was down -16.5% year over year (Golden Week). When compared with the same week in 2019, RevPAR was down -12.7%. Absolute occupancy for the week was 47.1%. That compares with absolute occupancy of 54.8% during the same week last year. People’s Daily, considered the […]