Egypt

STR reported China hotel RevPAR was up 143.8% year over year for the week ended April 22. Results were up against an easy comparison of down -47.7%. When compared with the same week in 2019, RevPAR was up 1.9%. Radisson Hotel Group announced the latest phase of their expansion strategy in the Philippines with the signing of a deal […]

The Tourism Authority of Thailand expects the country’s tourism sector to generate up to 2.4 trillion baht in revenue this year, or 80% of earnings in 2019. 880 billion baht would come from Thai tourists while the other 1.5 trillion would be from foreigners. The TAT said the big issue continues to be airlines as they have […]

Marriott International announced it signed an agreement with China Central Place, Suzhou to bring the Ritz-Carlton and Marriott Executive Apartmentsbrands to Suzhou, a major city in Eastern China. The two complex properties are expected to open at the end of 2024 and the middle of 2025, respectively. The dual-branded properties will open in partnership with Suzhou Chunji Real Estate Development. They will […]

Macau has received 245,000 visitors in the first four days of the first four days of the Chinese New Year/Spring Festival holiday week. The visitor numbers have increasing starting with close to 40,000 on Saturday, 51,000 on Sunday and then a big increase on Monday and Tuesday. This is the highest visitation Macau has seen in three years. Wyndham Hotels […]

STR reported China hotel RevPAR rose 6.9% year over year the week ended January 7. RevPAR, when compared to the same week in 2019, was down -39.6%. The results should start to change with the next report due to the removal of most of the restrictions, offset by what is still being reported by some media […]

The DJIA fell 195 points, Nasdaq was up 14, the S&P 500 fell 4 points and the 10 year treasury yield was down .17 to 3.53%. How is that for a weird market? Lodging stocks were mixed. VCSA was down -5% while SLNA traded down to another new low. Truist gave their observations on the latest forward-looking booking and pricing trends for US hotels and checks with contacts. […]