Hilton’s Asia-Pacific Ambition

• Hilton’s Asia Pacific president, Alan Watts, told Nikkei Asia that they expect hotel guest numbers in China to return to their pre-pandemic levels by year-end.
• The Macau Daily Times said they are being told the recent spike in hotel room prices in Macau is driving international visitors away.
• SJM Holdings Ltd said they plan to launch the remainder of the hotel room inventory at its Grand Lisboa Palace on Cotai in Macau within the next quarter.

Hilton’s Asia Pacific president, Alan Watts, told Nikkei Asia that they expect hotel guest numbers in China to return to their pre-pandemic levels by year-end. By the fourth quarter, they are expecting to see regular 80% occupancies. Of the 7,000 hotels Hilton runs worldwide, Asia Pacific accounts for about 9% with 672 properties representing 12 brands. […]