Bangkok

CoStar published an article on Swire Hotels and its plans to expand The House Collective to destinations like Tokyo and Shenzhen Bay in China. The House Collective currently comprises four hotels in China and Hong Kong. In July, Swire announced its first international hotel affiliated with The House Collective, a collaboration between L Catterton Real Estate and Tokyu Corporation and Tokyu Department Store, both under the […]

Pan Pacific Hotels Group announced it will double its serviced suites portfolio in 2023 with openings in key gateway cities such as Bangkok, Hanoi, Jakarta, Kuala Lumpur and Nairobi. Its developments are under parent company UOL Group Limited. The Group’s latest wave of expansion will increase its global development portfolio by 50%, adding more than 4,000 keys by 2023. Parkroyal Suites Bangkoklaunched on […]

STR reported China hotel RevPAR for the week ended 11/19. RevPAR was up 9.8% year over year in China while down -37.6% versus the same week in 2019. Absolute occupancy was 53.3% for the week, up from 46.6% during the comp week last year. CapitaLand’s Ascott Limited unveiled its refreshed Somerset brand. This is the second largest brand in Ascott’s Global […]

The supposed reopening trade for China stocks hit a speed bump as the realization set in with investors that Covid cases are not going down, in fact they continue to go up. For the sixth straight day, the number of new cases topped 20,000 with a new seven month high today of more than 26,000. Guangdong is once again […]

STR reported China hotel RevPAR for the week ended 11/12 was up 17.5% year over year. While that sounds impressive given the surge in Covid cases, when compared with the same week in 2019, pre-pandemic, RevPAR for hotels in China was down -40.5%. Absolute occupancy last week was 51.4% versus absolute occupancy a year ago of 43.4%. China […]

STR’s global bubble chart for October 22 showed Singapore standing out in the Asia Pacific region while noting continued, steady recovery for most of the world. Among the 48 countries with room supply of more than 50,000 hotel rooms, 11 reported occupancy above 75%, one less than the previous 28-day period. Average daily rate was a bit softer […]

The rumors about Covid in China have reached epic proportions including 20,000 people testing positive at the Foxconn plant, thousands of holidaymakers locked in Shanghai Disney and more. We can’t tell you what is true, what is fiction but we have always followed a belief that where there is smoke, there is fire and although the […]

The commentary from President Xi at the National Congress in Beijing certainly did not sound like the Zero-Covid policy that has hampered tourism and business travel in and outside of China is going to change anytime soon. President Xi celebrated the nation’s “zero Covid” pandemic response. He called it the best choice and that it is […]

Enova Estates SL issued a press release on new resorts expected to open in 2023 in the Maldives. They currently have over 160 island resorts. In spring 2023 the five-star Six Senses Kanuhura will open with 80 private overwater, beach and spacious family villas. Also expected to open in 2023 will be the SO/Maldives from Accor and S Hotels […]

The number of international tourists to Cambodia is expected to reach the pre-Covid-19 pandemic level in 2026. A senior official there said Cambodia’s tourism sector has significantly recovered and is forecast to attract about 7 million international tourists in 2026 or 2027 and up to 7.5 million in 2028. The Ministry of Tourism’s Secretary of State said […]

Dajia Insurance Group Co has put three hotels in the U.S. up for sale, hoping to generate US$1.3 billion to take advantage of an expected surge in leisure travel and resort business. The Wall Street Journal reported Dajia put up for sale the Montage in Laguna Beach, California; the Four Seasons resort in Jackson Hole, Wyoming; and the Four Seasons in […]

STR reported China hotel RevPAR the week ended September 17 fell -11.5% year over year. When compared with the same week in 2019, China hotel RevPAR was down -40.1%. Absolute occupancy for the week was 49.7% in China, down from 57.1% in the same week in the previous year. Despite STR reporting week after week for the past several […]