Thursday, October 19, 2023

The Ascott Limited Unveils The Crest Collection in Asia

  • China hotel RevPAR for the week ending October 14th increased by 73.4% YoY, with a -35.5% comp from 2022, but was still down -18.3% compared to the same week in 2019.
  • The Ascott Limited introduced The Crest Collection brand in Asia, opening three properties in Singapore, Indonesia, and Malaysia with heritage-themed hospitality experiences.
  • Various hotel developments and transactions include Royal Orchid & Regenta’s new property in Mysuru, a 4-star hotel sale in Vadodara, Lemon Tree Hotels’ franchise agreement in Vadodara, Kenilworth Hotel’s upcoming project in Coimbatore, Bong Sen Corp’s plan to sell assets in Vietnam, and BWHSM Hotels’ expansion in Bangkok. Pride Hotels Group appointed Chandrashekhar Belose as Corporate Chief Engineer, focusing on sustainability measures.

STR reported China hotel data for the week ending October 14. China hotel RevPAR was up 73.4% year over year for the week, up against an easy negative -35.5% comp from 2022. When compared with the same week in 2019, China hotel RevPAR was down -18.3%. The Ascott Limited has debuted The Crest Collection brand in Asia with the opening of three properties in Singapore, Indonesia and Malaysia between August and October. The Crest Collection is […]