China

STR reported Chinese hotel data for the week ended September 16th. Chinese hotel RevPAR was up 59.6% year over year. The week’s RevPAR was up against an easy decline of -11.5% year over year in the comparable result in 2022. Versus the same week in 2019, RevPAR was down -5.1%. The Philippines has welcomed 3.87 […]

The World Travel & Tourism Council is predicting it will be a year before the world’s tourist hotspots see a massive return of Chinese visitors. The WTTC said difficulties in getting visas and passports are one key bottleneck. The WTTC predicts that Chinese cross-border travel could return to pre-pandemic levels by the end of 2024 and steadily grow […]

The Royal Thai Government announced a temporary tourist visa exemption scheme to passport holders of the People’s Republic of China and the Republic of Kazakhstan effective from September 25, 2023 to February 29, 2024. The government hopes this will get them to their tourism revenue target of 2.38 trillion baht. Chinese and Kazakhstani nationals will be granted […]

STR reported China hotel data for the week ended September 9th. China hotel RevPAR was up 58.1% year-over-year, up against a decline of -12.3% in the year-ago week. Compared with the same week in 2019, RevPAR was up 10.3%. The Hong Kong Tourism Board said HK recorded preliminary visitor arrivals of about 4.1 million in August, representing […]

Singapore visitation in August was down by -7.8% from July. The Singapore Tourism Board said they recorded 1.31 million visitor arrivals in August. That takes the eight-month total to 9.01 million, still nearly -30% lower than the same period of 2019. August showed 214,490 arrivals from mainland China, the second consecutive month they were the largest single […]

STR said China Hotel RevPAR the week ended 9/2 was up 30.7% year over year. The previous week’s RevPAR was up against a +19.3% year-over-year comp. Versus the same week in 2019, China hotel RevPAR was down -6.8%. South Korea aims to attract 1.5 million Chinese tourists by the end of the year. Pre-pandemic, nearly five million Chinese visitors […]

The Philippines Dept. of Tourism said foreign arrivals reached 3.3 million in the first eight months of 2023, approaching the government’s goal of 4.8 million arrivals for the full year. South Korea remains the top inbound tourist source, with over 940,000 visitor arrivals recorded in the eight months. The US was second with 17.31% of arrivals, or 632,687. […]

STR reported China hotel data for the week ended August 26. China hotel RevPAR was up 50.4% year over year. It was up against a 48.2% comp. Compared with the same week in 2019, China hotel RevPAR was up 19%, a solid result once again. A survey by the Thai Hotels Association and Bank of Thailand found that 29% of hotels rated […]

The DJIA was up 38 points, the Nasdaq was up 76, the S&P 500 was up 17 points, and the 10-year treasury yield was unchanged at 4.12%. Lodging stocks were modestly lower on the day. In the Q2 ’23 Global Construction Pipeline Trend Report from Lodging Econometrics, analysts state that the global construction pipeline is 14,572 projects/2,310,238. Worldwide, at the close of […]

STR reported China hotel data for the week ended August 19th. Hotel RevPAR in China rose 44.3% for the week. It was up against a tough 89.7% rise a year ago. Compared with the same week in 2019, China hotel RevPAR was up 12.3%. Savills Vietnam issued a report saying Vietnam still has been one of the destinations drawing great […]

The DJIA was down 175 points, Nasdaq was up 8 while the S&P 500 fell 12 points, and the 10-year treasury yield was down .01 to 4.33%. Lodging stocks were mixed. BHR, AHT, and VCSA set new lows. Pebblebrook Hotel Trust became the first to warn that Tropical Storm Hillary could hurt 3Q results. PEB said the storm did not cause any damage to PEB properties […]

Vietnam New Brief reported that the supply of four and five-star hotels inVietnam rose 6.2% year over year in the first half of 2023. They cited a report by Outbox Company saying that at the end of June, Vietnam had 235 five-star hotels with 77,895 rooms and 354 four-star hotels with 47,502 rooms. Compared to 2019, that was […]