Ramada

In the Q2 2023 Asia Pacific, excluding China, Hotel Construction Pipeline Trend Report from Lodging Econometrics, analysts state that the region is at an all-time project high of 1,936 with 401,766 rooms in the total pipeline at the quarter’s close. The Asia Pacific region, excluding China, had 172 hotel projects/26,748 rooms open in the first half of the year, […]

The FIFA Women’s World Cup 2023 in Australia and New Zealand generated $2.98 billion in travel and retail spending in NSW, boosting the economy and drawing record audiences to hospitality venues. Nikkei Asia published an article on Hilton planning to expand its luxury offerings in Asia. Hilton will be bringing its Waldorf Astoria brand to Malaysia, Vietnam, India, and other countries for the first time […]

The DJIA was up 247 points on Friday, while Nasdaq was up 127, the S&P 500 rose 29 points, and the 10-year treasury yield was basically flat at 4.24%. Lodging stocks were modestly higher, with the two movers being SLNA, rising a whole 6 cents, which was 12.5%, and AHT bouncing 5%. Morgan Stanley upped their price target on CHH to $137 from $127 […]

The DJIA fell 361 points while Nasdaq was down 157, the S&P 500 fell 52 points, and the 10-year treasury yield rose another .04 to 4.22%. Lodging stocks were lower. BHR traded down to a new low. Bernstein downgraded their rating on Marriott International to Market Perform from Outperform. They raised their price target to $218 from $204. Bernstein also upped their price target on Hyatt to $147 […]

STR reported China hotel RevPAR for the week ending July 29th. Hotel RevPAR in China was up 27.9% year over year. It was up against a positive 8.5% comp in the year-ago week. When compared with the week in 2019, RevPAR was up 13.7%. Japan National Tourism Organization announced the resurgence of inbound tourism to Japan, with the Gulf […]

STR reported China Hotel RevPAR data for the week ended June 24. China Hotel RevPAR was up 44% year over year for the week. When compared to that week in 2019, RevPAR was down -5.9%. Macau’s hotel occupancy rate rose by 44.6 percentage points year over year in May to reach 78.9%. The occupancy rate of three-star hotels reached […]

The Thai Hotels Association said hotel occupancy rates in Thailand plunged to below 50% during May to June, an immediate fallout of the termination of the government’s “Let Us Travel Together” phase 5 campaign in April. The THA predicts less than 50% occupancy rates for June after experiencing a full-scale slowdown in both domestic and international markets. This […]

H World Group, formerly known as China Lodging, has sold one-fifth of its holdings in Indian hospitality company OYO to a United Arab Emirates-based buyer. The transactions were done over the course of 2022 in multiple tranches with about US$9 million going to H World. The return on H World’s investment is 500% and that also values the rest of […]

Dow Jones published an article on how foreign investors are taking advantage of the low prices of hospitality properties in Vietnam to acquire hotels and resorts. The article cited the Marriott International deal in April to operate seven hotels and resorts from Vinpearl, including three existing hotels in Nha Trang, Hoi An and Da Nang. In February Singapore’s Lodgis Hospitality […]

STR reported China hotel RevPAR for the week ended April 29 was up 138.2% year over year. It was up against an easy -48.4 comp. When compared with the same week in 2019, hotel RevPAR was up 1.1%. The Association of Macao Tourist Agents said the first Labor Day holiday after lifting all Covid curbs had […]

STR reported China hotel RevPAR, the week ending April 8, was up 108.5% on a year-over-year basis. It was up against an easy -49.5% comparable in 2022. When compared with the same week in 2019, China hotel RevPAR was down -16.4%. The results cannot be viewed as apples to apples as it includes a holiday week shift. […]

Hotels were reported to be full in parts of the Philippines during the Holy Week break. The Tourism Congress of the Philippines said an increase in tourist volume was observed in top destinations such as Boracay, Mactan in Cebu, Siargao, Bohol and Palawan. The Philippine Hotel Owners Association to Bworld that domestic tourism will bounce back […]