Ascott to Double Over Five Years

• STR said China hotel RevPAR for the week ended April 15, was up 155.1% year over year.
• Marriott International announced it signed agreements with Vinpearl for an additional seven hotels and resorts in Vietnam, comprising more than 2,500 rooms.
• The Ascott Limited, a unit of CapitalLand Investment Limited, has achieved its target to secure 160,000 units by 2023 with the signing of over 4,000 units in 1Q this year.

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 […]