Swissotel

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 […]

Bloomberg reported on the boom in hotel investment in Japan. We recently reported on the appetite Blackstone has for Japanese real estate, particularly hotels. The Bloomberg article expanded on that, saying foreign investors, including Goldman Sachs Group, KKR & Co, and Blackstone, have spent a combined $2 billion on hotel deals in Japan so far this year, the most compared […]

STR said China hotel RevPAR was up 93.8% year over year the week ended May 20. It was up against an easy comp of down -38.2%. When compared with the same week in 2019, China hotel RevPAR was down -2.4%. Minor International Pcl said they expect a record year for its hospitality business on pent-up travel demand […]

STR reported China hotel data for the week ended May 6. Hotel RevPAR in China was up 140.9% year over year. When compared with the same week in 2019, hotel RevPAR was up 21.2%. The South China Morning Post said Macau’s casinos are still struggling with finding labor as hotel rooms stay shut and the resorts are unable […]

STR said China hotel RevPAR for the week ended April 15, was up 155.1% year over year. When compared with the same week in 2019, RevPAR was down -3.8%. The year over year results were up against an easy comp of -50.6%. Marriott International announced it signed agreements with Vinpearl for an additional seven hotels and resorts in Vietnam, comprising […]

STR reported China hotel RevPAR the week ended September 17 fell -11.5% year over year. When compared with the same week in 2019, China hotel RevPAR was down -40.1%. Absolute occupancy for the week was 49.7% in China, down from 57.1% in the same week in the previous year. Despite STR reporting week after week for the past several […]