Melbourne

Savills reported hotel business activities in most countries worldwide are gradually returning to pre-pandemic levels, but not the Asia-Pacific region. Savills said Singapore is leading the recovery process in Southeast Asia, led by growth in ADR. Thailand is also experiencing a good level of recovery. Savills said business activities in the Vietnamese market still lag behind pre-pandemic levels in both room occupancy […]

GGRAsia said that 22 hotels associated with Macau casino complexes have their standard rooms sold out for at least three nights of the upcoming Golden Week. That was as of last Thursday. The rooms that are still being listed as available in some properties have hefty room prices of around US$400 a night. Samhi Hotels […]

The Royal Thai Government announced a temporary tourist visa exemption scheme to passport holders of the People’s Republic of China and the Republic of Kazakhstan effective from September 25, 2023 to February 29, 2024. The government hopes this will get them to their tourism revenue target of 2.38 trillion baht. Chinese and Kazakhstani nationals will be granted […]

Singapore visitation in August was down by -7.8% from July. The Singapore Tourism Board said they recorded 1.31 million visitor arrivals in August. That takes the eight-month total to 9.01 million, still nearly -30% lower than the same period of 2019. August showed 214,490 arrivals from mainland China, the second consecutive month they were the largest single […]

STR said China Hotel RevPAR the week ended 9/2 was up 30.7% year over year. The previous week’s RevPAR was up against a +19.3% year-over-year comp. Versus the same week in 2019, China hotel RevPAR was down -6.8%. South Korea aims to attract 1.5 million Chinese tourists by the end of the year. Pre-pandemic, nearly five million Chinese visitors […]

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 […]

Yesterday we wrote about Airbnb’s sweet deals with developers in Florida – where the company is partnering with developers to allow apartment tenants to rent out their units for up to 75 days per year. Airbnb would handle pricing, security, access for guests, and cleaning. Let’s get into why this could be happening: the company […]

CoStar and STR analysis show Australia’s recent hotel performance represents normalization as leisure demand has peaked and corporate business is now strengthening. They will be presenting this at the NoVacancy Hotel + Accommodation Industry Expo. Through the first seven months of the year, Australia’s hotel occupancy was 68.2%, up 9.8% from last year but still down -6 points from 2019. ADR […]

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, […]

STR reported China hotel data for the week ended August 19th. Hotel RevPAR in China rose 44.3% for the week. It was up against a tough 89.7% rise a year ago. Compared with the same week in 2019, China hotel RevPAR was up 12.3%. Savills Vietnam issued a report saying Vietnam still has been one of the destinations drawing great […]

Bloomberg reported on the boom in hotel investment in Japan. We recently reported on the appetite Blackstone has for Japanese real estate, particularly hotels. The Bloomberg article expanded on that, saying foreign investors, including Goldman Sachs Group, KKR & Co, and Blackstone, have spent a combined $2 billion on hotel deals in Japan so far this year, the most compared […]

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, […]