Guangzhou

Note: Due to the Thanksgiving Holiday in the US, there will be no Daily Lodging Report – Asia Pacific on Thursday, November 23, 2023. Trip.com said global search results for China inbound travel improved by nearly 40% in 3Q23 compared to the previous quarter. They expect the demand for travel to China to rise in […]

Amara Holdings received a voluntary cash offer at 60 cents per share from a consortium linked to Albert Teo, Amara’s CEO, other members of his family, and private equity investor Dymon Asia. The offer is final and is a 53.8% premium over Amara’s price on June 15th, before the company announced its key shareholders were […]

STR reported China hotel data for the week ended October 28th. Chinese hotels’ RevPAR was up 88.7% year over year for the week, up against a decline of -17.1% as a comp. When compared with the same week in 2019, RevPAR was up 3.4%. STR said the Asia Pacific region is accelerating its post-pandemic recovery […]

Cushman & Wakefield released its Hotels – Checking Out boutique neighborhood hotels in mainland China report. The National Bureau of Statistics and China Tourism Academy reported that in the first half of the year, the total number of domestic tourists reached 2.384 billion. This was up 929 million year over year and represents annual growth […]

Marriott International announced its expansion into the CNMI, expecting to open the first Marriott hotel in the Northern Marianas Islands in 2025. Honest Profit International Ltd announced its partnership with Marriott through a hotel management agreement. The Marriott Resort Saipan will be a 300-room hotel, the one that was supposed to be Honest Profit’s Saipan Resort Hotel in San Antonio that was expected to cost $130 million […]

The Thai Hotels Association said new ministerial regulations allowingplaces of accommodation with no more than eight rooms and 30 guests to be excluded from the hotel business would lead to a 15% to 20% loss of tourism revenue and an increase in safety risks. The regulation was recently published in the Royal Gazette, and THA believes this creates more […]

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 […]

Philippines president Ferdinand Marcos Jr said he is aiming to transform the country into a tourism powerhouse in the coming year, unveiling a new tourism slogan “Love the Philippines”. The nation embarked on a five-year plan to boost visitor numbers and experiences across the country. International tourist arrivals so far this year have reached over 2.02 million with […]

STR reported China hotel RevPAR was up 99% year over year for the week ended May 13. When compared to the same week in 2019, RevPAR was down -7%. STR said Jakarta, Indonesia’s preliminary April 2023 data showed its highest monthly ADR since August 2019. Occupancy was down -1.7% to 45% but ADR was up 32.9% to IDR1,015,991.89 […]

IHG Hotels & Resorts said the are pursuing an ambitious expansion plan in Greater China that explores popular and emerging destinations. IHG currently has more than 1,000 hotels operating or under the pipeline. This year they will continue to expand their footprint in Greater China, covering more than 200 cities. In their Luxury & Lifestyle brands segment, Regent received a […]

STR reported China RevPAR for the week ending 2/18. China hotel RevPAR rose 62.1% year over year, up against a 14% comp. Versus a similar week in 2019, RevPAR was up 8.8%. Fiji’s Deputy Prime Minister and Minister of Tourism announced they have recovered 71% of their tourist numbers since the reopening of their borders. In January, […]

STR said during the seven-day Lunar New Year holiday period, China’s hotel average daily rate surpassed 2019 levels. Occupancy edged closer to the comparable before eventually surpassing it on day seven. Also different from pre-pandemic normal years, many opted for trips to their hometowns as opposed to international travel. Overall 36 of 43 markets in China saw […]