Travelodge Hotels Asia

Bloomberg published an article saying foreign investors are buying up Japanese hotels at a scale unseen in almost a decade, as the nation’s tourism recovery, weak currency and low-interest rates drive an appetite from abroad. MSCI Real Assets said overseas buyers were responsible for 47% of the 494.3 billion yen (US$3.7 billion) invested in hotel deals that closed […]

Foreign visitors to Indonesia in February were down -4.62% from January, recording 701,930 tourist arrivals, the lowest since December. Officials said this was a seasonal effect as February is the low season for tourism. Of course, the expectations for everyone in the Asia Pacific region was the reopening of China would cause a regional surge but […]

Covid restrictions continue to fall like dominoes. Hong Kong came through with their plan to end their hotel quarantine policy, putting it into effect before October Golden Week, beginning today. Arrivals will no longer need to isolate themselves in a hotel, instead being on the honor system with a three-day self-monitoring period. There will be no more […]

STR reported China hotel RevPAR for the week ended September 3. Year over year, hotel RevPAR was up 19.3%, still up against easier year-over-year comps. When compared to the similar week in 2019, hotel RevPAR was down -28.2%. Absolute occupancy for the week was 52.7%. That compares with absolute occupancy of 46.65 during the same week in 2021. […]