Six Senses

Both Thailand and South Korea are aggressively trying to lure back Chinese tourists. The initiatives involve visa exemptions, tax refunds, and rewards for Chinese travelers. The Thai government has introduced visa exemptions for Chinese tourists, with plans for those exemptions to go into effect in October. The move comes as a response to a noticeable drop in Chinese tourist arrivals in the year’s […]

Luxury vacation homes and villas subscription service Inspirato and Capital One are working on a commercial deal and strategic partnership, and once that has been negotiated, then Capital One Ventures would provide Inspirato with a $25 million convertible note, the companies announced Tuesday. “The capital is expected to provide broad operating flexibility to Inspirato as […]

Hotel Properties Limited co-founder and managing director Ong Beng Seng had a notice of arrest and then bail set. While no charges were filed against Ong, he was detained so he could be asked by the Corrupt Practices Investigation Bureau to provide information on his interactions with Singapore Minister for Transport S Iswaran. The minister is on leave of absence […]

Cambodia’s international airports in Phnom Penh, Siem Reap and Sihanoukville welcomed a combined 2.48 million passengers in the first six months of 2023, representing a 270% year on year increase. The State Secretariat of Civil Aviation said the airports combined on an average of 404 flight movements per week with Phnom Penh the busiest with 602 […]

Chiang Mai’s tourism industry is continuing to recover as the Thai Hotels Association (Upper Northern Chapter) said the average occupancy rate of hotels in the province rose to 75% in the first five months of 2023. Hotels in the northern province were sitting with a comfortable 70% occupancy rate from January to March, but those numbers […]

STR reported China hotel data for the week ended June 3. Hotel RevPAR in China was up 60.4% year over year, up against a decline of -21.6% comparison. When compared with the same week in 2019, RevPAR was down -5.5%.  Hotel Morris Sydney – Handwritten Collection will be opening on June 14. The Sydney property originally opened […]

Ahead of the long holiday weekend, the DJIA was up 329 points on Friday while Nasdaq was up 278, the S&P 500 was up 54 points and the 10-year treasury yield was somewhat flat at 3.81%. Lodging stocks were higher. SOND popped by 13% but SLNA dropped another -10% to another all time low. VCSA was up 5%. In observance of Memorial […]

The DJIA was down 222, Nasdaq was up 22, the S&P 500 was down 7% and the 10-year treasury yield was down .05 to 3.40%. Lodging stocks were lower. SLNA traded down to a new low, down another -6% but SOND was down -20% and AHT was down -5%. Hyatt Hotels held an Investor Day today. They are forecasting $650 to $850 […]

The DJIA ended Friday with a gain of 22 points while Nasdaq was up 13, the S&P 500 rose 4 points and the 10-year treasury yield was down .03 to 3.57%. Lodging stocks were lower with AINC and VCSA both hitting new lows. SOND was the big percentage gainer, up 8% but that was not even a gain of $0.04 in share price. […]

The DJIA rose 75 points, Nasdaq was up 117, the S&P 500 gained 12 points and the 10-year treasury yield was down another .09 to 3.41%. Lodging stocks were mixed. SLNA had the best day in a month or so, up 14% while SOND was down another -6% to another new low. Pebblebrook Hotel Trust gave a 1Q operating update, showing the quarter is […]

The DJIA rose 336 points today while Nasdaq was up 239, the S&P 500 was up 65 points and the 10-year treasury yield bounced back .12 to 3.64%. Lodging stocks were higher. VCSA led with a gain of 6% while SLNA was up 5%. BVH continued its decline, down another -6% today. Raines announced they acquired HP Hotels, a full-service, third party hotel […]

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 […]