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Hotel prices will surge for the upcoming Golden Week in popular cities. The Plus version of the Golden Week, including the Mid-Autumn Festival and National Day Holiday, drives this. Data from Qunar indicates that as of September 11, the top three cities for flight bookings during the holiday were Shanghai, Beijing, and Chengdu. A luxury suite at the Peninsula […]

Vietnam News said the condotel market remains in a slump due to excess inventory, with industry insiders warning that it will not recover until at least 2025. Only 122 units were sold in the second quarter of 2023, despite the government regulations granting land ownership titles to condotels. DKRA Group said the inventory of unsold units topped 42,300 in June, […]

VN Express said the hospitality market in Ho Chi Minh City remained gloomy in the first half of the year due to a slow recovery rate of international tourist arrivals. According to Savills Vietnam, the hotel occupancy rates in the first half of 2023 stood at 64%, 92% of pre-pandemic levels. HCMC welcomed 18 million visitors. In the second quarter, occupancy […]

Marriott International announced an agreement with Hiap Hoe Limited, through HH Properties Pte Ltd, to bring the Aloft Hotels brand to Singapore. There will be a strategic conversion of the 785 room hotel with the rebranding reopening to take place in Q3 2023, marking the Aloft brand’s debut in Singapore. This will be the largest Aloft branded hotel […]

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 […]

Foreign visitors to Indonesia in February were down -4.62% from January, recording 701,930 tourist arrivals, the lowest since December. Officials said this was a seasonal effect as February is the low season for tourism. Of course, the expectations for everyone in the Asia Pacific region was the reopening of China would cause a regional surge but […]

Savills Vietnam issued a report saying despite improvements in 2022, occupancy and room rates in Ho Chi Minh City have yet to recover to pre-pandemic levels. The occupancy rate of 45% last year was 20 percentage points higher year on year but was still 23 percentage points less than the figure in 2019. The average room rate reached 1.6 […]

Singapore has urged Chinese authorities to restore flight capacity between the two nations to pre-Covid levels as soon as possible in a bid to improve business and tourism ties. The Straits Times said Singapore’s Foreign Minister made the request to his Chinese counterpart during a meeting this week. The number of weekly flights between the two is […]

STR reported China hotel RevPAR for the week ended January 28 was up 177.8% year over year. When compared with the same week in 2019, China hotel RevPAR was up 66.6%. Helping the year over year and 2019 comparison results was the timing of Chinese New Year – January 22, 2023 versus February 1, 2021 and February 5, […]

Singapore said it is expecting between 12 million and 14 million international visitor arrivals in 2023. That would be more than double the 6.3 million final tally of visitors in 2022 but below the 19.1 million that visited in 2019. The Singapore Tourism Board expects tourism receipts to reach S$18 billion to S$21 billion, up from […]

STR reported China hotel RevPAR was down -17.7% year over year for the week ended 12/31/22. When compared to the same week in 2019, RevPAR was down -23.6%. Absolute occupancy for the week was 39.8%. A year ago, absolute occupancy was 51.3%. As of Sunday, the terrible hotel news of the past three years is just […]

STR said China hotel RevPAR the week ended 12/24 was down -21.9% year over year and down -38.9% versus the same week in 2019. Absolute occupancy was 41.4% versus 51.1% the year before week. For now, there are really only two things that matter. The first is getting Covid to peak and start to see cases […]