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Asia-Pacific
Hyatt Unveils Tokyo Shibuya Hotel
Hyatt Hotels Corporation announced the opening of Hyatt House Tokyo Shibuya. They reached an agreement with Tokyu Land Corporation earlier in the month for the 126-room hotel which includes 18 suites. -
Asia-Pacific
India’s Hotel Sector to Hit Decade-High for Revenue
The Indian hotel industry is expecting to report a 7-9 percent revenue growth in FY2025 with occupancy likely to be at decade highs. -
Asia-Pacific
Hilton to Open 730 Properties in China
The Philippines Department of Tourism anticipates surpassing industry targets for tourism recovery this year, with foreign tourism receipts of Php 286 billion from January to July, reflecting over 66% international arrivals recovery, outperforming the ASEAN average of 54%. Macau experienced a significant 24.9% increase in visitor arrivals in July, totaling 2,759,544, with mainland China contributing 1,910,371 arrivals. The Philippines led the source market for foreign arrivals, contributing to Macau’s total of 14,405,421 visitors for the first seven months of 2023, marking a 310% YoY growth. Hilton plans to open over 730 properties in mainland China in the next decade, capitalizing on rising demand from the middle class amid a tourism rebound. Hilton achieved a 69.9% occupancy rate in the Asia Pacific region during Q2 2023, with a remarkable 79% year-on-year increase in Revenue Per Available Room (RevPAR). -
Asia-Pacific
Banyan Tree to Double by 2025
Banyan Tree Group , closing out the 2022 fiscal year with 63 properties across its global portfolio of 10 hospitality brands, expects to get to 113 hotels by the end of 2025 . Radisson Hotel Group announced the opening of Lewit Hotel Pattaya , a member of Radisson Individuals in the beach resort town of Pattaya. The grand opening of Ember Hotel , a boutique lifestyle hotel located at Khao San Road in Bangkok, Thailand was announced. -
Asia-Pacific
Marriott’s India RevPAR at 120% of 2019
China hotel RevPAR rose 62.1% year over year, up against a 14% comp. Fiji ’s Deputy Prime Minister and Minister of Tourism announced they have recovered 71% of their tourist numbers since the reopening of their borders. Low-cost Singapore-based airline Scoot has outlined plans to triple the number of weekly flights to and from China by April. -
Asia-Pacific
Relaxed Covid Restrictions Buoy Singapore, Taiwan and Australia
Singapore signaled an end to the Covid-19 era restrictions , removing nearly all remaining mask rules as well as all border restrictions for arrivals who are not fully vaccinated. All travel restrictions for residents of Hong Kong and Macau wishing to go to Taiwan will be lifted on February 20, three years after they were imposed. STR said Australia’s hotel performance turned a massive corner during the first half of 2022 as the Omicron wave subsided and governments relaxed travel restrictions around the country. -
Asia-Pacific
Philippines to Start Tax Refunds for Tourists
Singapore hotels’ average room rate was up 27.7% in December 2022 from a year ago to a new 14 year high of S$285.84. Philippines President Ferdinand Marcos has approved a value-added tax refund program for foreign tourists by 2024 to attract more visitors. The first Hilton hotel in Japan’s Hokuriku region has opened. The DoubleTree by Hilton Toyama is located within a three-minute walk of Toyama Station. -
Asia-Pacific
India’s Hotel Sector Grows in First Three Quarters
Looking at India’s hotel sector , JLL said contracts in mid-market and budget brands grew 74% between January and September 2022 as compared to the same period in 2019. Marriott International’s St. Regis Hotels and Resorts brand announced the opening of the St. Regis Goa Resort. Bengaluru-based real estate developer MS Ramaiah Developers and Builders plans to invest about Rs 1,100 crore over two years across real estate sectors in Karnataka, Goa, and Andhra Pradesh . -
Asia-Pacific
Singapore Leads Way on Room Cost
Bloomberg reported that hotel rooms in Singapore are now the most expensive in almost a decade. Radisson Hotel Group said they are aiming to accelerate growth across Thailand. The Tongsai Bay, the first five-star luxury hotel to be built on Koh Samui, has embarked on an innovative refurbishment and development program to celebrate its 35th anniversary as a luxury eco-haven. -
Asia-Pacific
Australians Increasingly Traveling Abroad
China’s southern city of Shenzhen has three neighborhoods that are the latest to be locked down due to the spread of Covid. June data from the Australian Bureau of Stations reveals outbound travelers are growing at almost three times the rate of inbound as Australians continue to flock overseas . Macau’s hotel occupancy rate fell by -25.6 percentage points year on year on July to 38.1%. That was down a percentage point from June.