Small Luxury Hotels of the World

VN Express said the hospitality market in Ho Chi Minh City remained gloomy in the first half of the year due to a slow recovery rate of international tourist arrivals. According to Savills Vietnam, the hotel occupancy rates in the first half of 2023 stood at 64%, 92% of pre-pandemic levels. HCMC welcomed 18 million visitors. In the second quarter, occupancy […]

The DJIA gained about 1%, or about 270 points, while Nasdaq rallied 2.4%. The S&P 500 added about 1.7%, erasing an earlier decline of 0.7%, and the 10-year treasury yield climbed to 3.58%. It’s been a wild week. Baird upgraded their rating on Choice Hotels International to Outperform. They believe their earnings outlook is improving for 2023-2024 and uncertainties are moving to the rearview mirror. Baird […]

On Thursday, China’s new top leadership body reaffirmed Beijing’s “dynamic zero” Covid-19 policy in their first meeting since the Communist Party’s Congress last month. The Politburo Standing Committee said China’s epidemic prevention measures must not be relaxed. The meeting was chaired by President Xi Jinping. On Friday, Chinese regulators moved to relax Zero-Covid policies, changing the seven […]

The commentary from President Xi at the National Congress in Beijing certainly did not sound like the Zero-Covid policy that has hampered tourism and business travel in and outside of China is going to change anytime soon. President Xi celebrated the nation’s “zero Covid” pandemic response. He called it the best choice and that it is […]

STR said Melbourne, Australia’s hotel performance in August fell from the previous month. Preliminary August 2022 data shows occupancy at 59%, ADR at A$207.05 and RevPAR at A$122.10. STR said ADR was higher than August 2019 but the occupancy and RevPAR levels remained below the pre-pandemic comparables at -27.3% and -16.1% respectively. STR said the highest occupancy level […]