Goa

Attendance is expected to be down for this year’s Singapore Formula 1 Grand Prix, but receipts are expected to exceed pre-Covid levels and be up year over year. About 250,000 spectators are expected to attend the three-day night race, which starts February 15, down 17% from 2022’s record turnout of 302,000 attendees. The Bay Grandstand is […]

In the Q2 2023 Asia Pacific, excluding China, Hotel Construction Pipeline Trend Report from Lodging Econometrics, analysts state that the region is at an all-time project high of 1,936 with 401,766 rooms in the total pipeline at the quarter’s close. The Asia Pacific region, excluding China, had 172 hotel projects/26,748 rooms open in the first half of the year, […]

HVS Anarock released their Hotels & Hospitality Overview for India for the second quarter. While ADR was up 16%-18%, occupancy dropped 1-3 points. RevPAR was up 13%-15%. June saw the rates drop month on month but were still above pre-pandemic levels. For the month of June, the most growth in room occupancy was seen in the metro cities […]

Tourism officials in Thailand are hoping for 2 million Russian tourists to visit the Kingdom next year. The Director of the Tourism Authority of Thailand’s Moscow office believes they could hit this record number if Thailand maintains its friendly country status with Russian government officials. Russia’s military invasion of Ukraine has Russian tourists unwelcome in many […]

The China Tourism Academy released a report saying China’s summer resort tourism and related markets have reached 1.2 trillion yuan (US$168.26 billion) to 1.5 trillion yuan in value. With the heat wave in many cities in China, residents are escaping by traveling to cities with abundant summer tourism resources. The Ministry of Culture and Tourism said that in […]

STR reported China Hotel RevPAR data for the week ended June 24. China Hotel RevPAR was up 44% year over year for the week. When compared to that week in 2019, RevPAR was down -5.9%. Macau’s hotel occupancy rate rose by 44.6 percentage points year over year in May to reach 78.9%. The occupancy rate of three-star hotels reached […]

Chiang Mai’s tourism industry is continuing to recover as the Thai Hotels Association (Upper Northern Chapter) said the average occupancy rate of hotels in the province rose to 75% in the first five months of 2023. Hotels in the northern province were sitting with a comfortable 70% occupancy rate from January to March, but those numbers […]

Radisson Hotel Group announced the 133-room Radisson Hotel Ploenchit Bangkok will open in the second quarter of 2024. RHG signed the former Chateau de Bangkok and will rebrand the upscale hotel on Soi Ruamrudee, situated just 400 meters from the US Embassy. RHG plans to double its footprint in Thailand from five hotels in 2022 to ten by mid-2024. The […]

STR reported China hotel data for the week ended June 3. Hotel RevPAR in China was up 60.4% year over year, up against a decline of -21.6% comparison. When compared with the same week in 2019, RevPAR was down -5.5%.  Hotel Morris Sydney – Handwritten Collection will be opening on June 14. The Sydney property originally opened […]

A white paper on the Corporate Travel Management Market said some 84.5% of companies in China are expecting an increase in domestic travel business budgets for 2023. 74.5% expect an increase in international business travel budgets. Trip.com’s Trip.Biz unit released the report with the study noting that business travelers are increasingly eager for a comfortable, safe and efficient […]

STR reported China hotel RevPAR for the week ended April 29 was up 138.2% year over year. It was up against an easy -48.4 comp. When compared with the same week in 2019, hotel RevPAR was up 1.1%. The Association of Macao Tourist Agents said the first Labor Day holiday after lifting all Covid curbs had […]

Bloomberg published an article saying foreign investors are buying up Japanese hotels at a scale unseen in almost a decade, as the nation’s tourism recovery, weak currency and low-interest rates drive an appetite from abroad. MSCI Real Assets said overseas buyers were responsible for 47% of the 494.3 billion yen (US$3.7 billion) invested in hotel deals that closed […]