Thursday, June 22, 2023

Indian Hotels Company Has a New Wellness Brand

  • China hotel industry shows strong recovery with a 59.8% increase in RevPAR compared to last year.
  • Ascott Ltd. plans to expand its properties in Malaysia and diversify into the hotel business.
  • Raimon Land Plc announces three luxury projects in Phuket and Bangkok, targeting the luxury segment.

STR reported China hotel data for the week ended June 17. China Hotel RevPAR was up 59.8% year over year, up against a -14.3% comp decline. When compared to the same week in 2019, China Hotel RevPAR was down -3.2%. The Ascott Ltd., lodging division of CapitaLand Investment Ltd., is set to increase its properties in Malaysia […]