Tryp

The DJIA ended Friday with a decline of 385 points while Nasdaq was down 87, the S&P 500 fell 44 points, capping another week of lower equity indexes. The 10-year treasury yield was down .19 to 3.40%. Lodging stocks were lower, once again led by the lodging REITs. INN and AHT both fell -7% and CLDT, VCSA, SVC and PK were each down […]

Oxford Economics said tourist arrivals into the Asia Pacific region are tipped to reach around 50% of pre-Covid levels in 2023, only fully recovering in 2025 or 2026. Oxford also said Asia Pacific economies still rely too heavily on Chinese tourists who have been slow to return since China reopened on January 8. The tourism outlook was presented as […]

Mandarin Oriental Singapore is temporarily closing its doors to undergo a six-month transformation. The Marina Bay property will reopen in September 2023, offering a brand new look and feel. The property has 527 rooms, seven food and beverage outlets, a full service luxury spa and many other facilities. The hotel’s multi-million dollar transformation is set to take place […]

The Nation reported hotels in Thailand expect occupancy rates to start picking up in the second half of this year. China lifting restrictions is playing a big part in that projection. The Hotel Business Operator Sentiment Study is conducted by the Thai Hotels Association and Bank of Thailand. Last month’s study showed operators expect their revenue […]

The DJIA surged 749 points on Friday while Nasdaq was up 245, the S&P 500 rose 87 points and the 10 year treasury yield was down .01 to 4.21%. Lodging stocks were modestly higher. The biggest mover was to the downside with SOND down -6%. According to September 2022 data from STR, Middle East & Africa was the only world region to show an increase in overall […]