Jakarta

Zero-Covid in China is definitely on life support as, despite a continuing steady stream of new cases, Beijing’s International Airport and Daxing Airport have dropped the requirement for a negative Covid-19 test result to enter their terminals. While some will say President Xi has blinked after the recent protests, financial markets around the world had the […]

STR reported China hotel RevPAR for the week ended November 26 was up 2.2% year over year. When compared with the same week in 2019, hotel RevPAR was down -33%. Absolute occupancy for hotels in China for the week was 53.7%, up from 50% during the comparable week in 2021. Macau hotels’ had average occupancy in October of 41.8%, up 4.2 […]

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 […]

Singapore’s Minister of State for Trade and Industry, and Culture, Community and Youth said Singapore’s visitor tally this year should be on the higher end of their 4 million to 6 million projection from July. They also expect their tourism receipts for 2022 to be between S$10 billion and S$20 billion. The figures are about 40% of […]

STR reported China lodging data for the week ended 9/24. Hotel RevPAR was up 5.1% year over year. When compared with the same week in 2019, RevPAR was down -21.5%. Absolute occupancy was 57.5% for the week compared with 52.1% in the comparable week last year. The St. Regis Jakarta is set to debut on November 10, […]

Marriott International announced it expects to open 14 additional luxury properties in Asia Pacific by the end of 2023. Marriott currently operates 156 luxury properties in the region. The Ritz-Carlton brand is set to expand in Japan with The Ritz-Carlton, Fukuoka opening in 2023. In Australia, the anticipated opening of The Ritz-Carlton, Melbourne will open in early 2023 […]

China reported 2,312 new Covid infections nationwide today, the first time in more than three months that cases topped 2,000 for three consecutive days. That was actually down a bit from Saturday’s 2,467 which was the highest since May. Protests and anger are exploding in places like in hotel resorts in Hainan and even in […]