North Korea tourism is a topic again. China hotel RevPAR down 7.7% YoY. Thailand faces more tourist cancellations. Macau hotel sold. And more hotel news.
Exclusive Resorts reached a strategic agreement with Accor to take a significant minority stake in the French hotel giant’s OneFineStay luxury vacation rental brand.
By expanding its exclusive Centara Grand and Centara Reserve brands, the group is advancing its goal to be a top 100 hotel company worldwide by 2027. And other hotel news.
The latest CBRE U.S. Hotels State of the Union report reveals a modest recovery in hotel performance, plus more hotel development news from Peachtree and other leaders.
Vingroup Corporation started construction of Lang Van resort at the foot of Hai Van pass (DaNang, Vietnam) with an investment capital reported at about $1.6 billion USD.
In Coronado, California, the Hotel del Coronado announced the completion of the revitalization of its iconic Victorian building, the final milestone in Blackstone Real Estate's more than $550 million restoration plan to enhance the hotel.