Royal Orchid Hotels Limited

Attendance is expected to be down for this year’s Singapore Formula 1 Grand Prix, but receipts are expected to exceed pre-Covid levels and be up year over year. About 250,000 spectators are expected to attend the three-day night race, which starts February 15, down 17% from 2022’s record turnout of 302,000 attendees. The Bay Grandstand is […]

STR reported Chinese hotel data for the week ending August 12th. Hotel RevPAR in China was up 37%, up against a 107.7% comp a year ago. Compared to the week in 2019, RevPAR was still up 16.9%. If you are one of those wondering where all the Chinese travelers are, in July, most of them apparently went […]

The China Tourism Academy released a report saying China’s summer resort tourism and related markets have reached 1.2 trillion yuan (US$168.26 billion) to 1.5 trillion yuan in value. With the heat wave in many cities in China, residents are escaping by traveling to cities with abundant summer tourism resources. The Ministry of Culture and Tourism said that in […]

Philippines president Ferdinand Marcos Jr said he is aiming to transform the country into a tourism powerhouse in the coming year, unveiling a new tourism slogan “Love the Philippines”. The nation embarked on a five-year plan to boost visitor numbers and experiences across the country. International tourist arrivals so far this year have reached over 2.02 million with […]

The South China Morning Post said Japan’s hotel sector drew a fivefold increase in overseas investment to US$691 million a year to date. A 3.4 billion yen deal by Hong Kong-listed Golden Resources Corporation for Japan’s Ni Corporation is likely to close as soon as the end of this month. Ni Corp owns 133 parcels of land […]

Radisson Hotel Group announced the 133-room Radisson Hotel Ploenchit Bangkok will open in the second quarter of 2024. RHG signed the former Chateau de Bangkok and will rebrand the upscale hotel on Soi Ruamrudee, situated just 400 meters from the US Embassy. RHG plans to double its footprint in Thailand from five hotels in 2022 to ten by mid-2024. The […]

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 […]

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 […]

The Singapore Tourism Board said the number of visitors arriving in the first quarter of 2023 reached 2.9 million, representing 62% of its 1Q19 visitation figure. That exceeds the 1.5 million visitor arrivals STB reported in the entire first half of 2022. The average length of stay of each visitor during the quarter grew from 3.34 days […]

Finn Partners released the results of their latest report, Outbound Rebound: The Return of Chinese Travelers. The survey was conducted in mid to late-January, started days after the Chinese government lifted international travel restrictions after 3 years. Over 2,000 affluent Chinese in first, second and third tier cities were interviewed. The findings included that one in two affluent […]

Reuters published an article on how the hoped for, fast out of the gate, revenge travel by the Chinese following the demise of Zero-Covid has not occurred. Instead of a stampede, it has been more like a fast walk. Reuters described Chinese consumers as returning to hotels, restaurants and some shops, but they are choosy about what they buy. […]

UNWTO’s forward-looking scenarios for 2023 suggests global international tourist arrivals could reach 80%-95% of pre-pandemic levels this year, depending on the extent of the economic slowdown, the ongoing recovery of travel in Asia and the Pacific and the evolution of the Russian offensive in Ukraine. UNWTO anticipates a strong year for the sector even in the […]