Novotel

The Baird Hotel Stock Index was down -13.7% in March. But they were up modestly today. Goldman Sach re-rated a few hotel groups. And more news.

Seven new Marriott properties will open in Indonesia this year in Bali, Jakarta, Surabaya, Bekasi, Pontianak, and the Riau Islands.

Singapore’s hotel sector is experiencing steady growth driven by tourism, lifestyle brands, and evolving accommodation trends, though recovery is hampered by low visitor numbers from China.

India's organized hotel industry is set to exceed 3 million rooms by 2029, driven by religious tourism, rising incomes, infrastructure projects, and major airport developments.

Hilton has achieved 1,000 hotels in Asia Pacific ahead of its 2025 goal, with plans to double its portfolio and expand significantly in Greater China and Southeast Asia.

Italpinas Development Corp is partnering with Dusit Hotels to open Dusit-branded hotels in Mindanao by 2029, while Dusit also announces the soft opening of its first Malaysian hotel in Melaka on December 7.

Lodging Analytics Research & Consulting forecasts moderate growth in U.S. hotel performance, with rising RevPAR and hotel values through 2025, despite slight margin erosion.

Hyatt Hotels is experiencing strong growth in India, focusing on experiential luxury and strategic expansion, aiming to double its hotel portfolio within five to six years.

Hilton plans to double its mid-market hotel presence in Asia Pacific, aiming for over 1,000 properties by expanding its Hilton Garden Inn and Hampton by Hilton brands.

China's Golden Week started with 96,671 visitors to Macau on Monday, and despite last year's high numbers, the tourism office predicts a lower daily average of 100,000 arrivals from October 1-7.