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Asia-Pacific

China’s Hotel Construction Pipeline Soars With 678,965 Rooms

Vietnam New Brief reported that the supply of four and five-star hotels inVietnam rose 6.2% year over year in the first half of 2023. They cited a report by Outbox Company saying that at the end of June, Vietnam had 235 five-star hotels with 77,895 rooms and 354 four-star hotels with 47,502 rooms. Compared to 2019, that was […]

August 22nd, 2023

Asia-Pacific

Borneo to Get a Club Med and a Sheraton

STR reported China hotel RevPAR for the week ended March 11. Hotel RevPAR in China was up 85% year over year for the week. While a great showing, when compared with the same week in 2019, RevPAR was still down -10%. STR said Sydney WorldPride 2023 drove the market’s hotel average daily rate and RevPAR above pre-pandemic levels while […]

March 16th, 2023

Asia-Pacific

Hilton’s Asia-Pacific Ambition

Hilton’s Asia Pacific president, Alan Watts, told Nikkei Asia that they expect hotel guest numbers in China to return to their pre-pandemic levels by year-end. By the fourth quarter, they are expecting to see regular 80% occupancies. Of the 7,000 hotels Hilton runs worldwide, Asia Pacific accounts for about 9% with 672 properties representing 12 brands. […]

March 13th, 2023

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