Sapporo

China wrapped up its Golden Week holiday with Macau’s sensational week being tempered somewhat due to a Typhoon heading towards them. We went from an average of 128,000 visitors a day on day 6 to ending the 8-day holiday with over 932,000 visitor arrivals, an average of close to 117,000 a day. Executives have mentioned 90%+ hotel occupancy […]

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 […]

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 […]

Vietnam Prime Minister Pham Minh Chinh instructed his cabinet to relax certain visa requirements in a bid to attract more foreign tourists to the country. Bloomberg said Chinh wants to offer visa waivers to more countries, expand their e-Visa program and allow foreigners to stay for longer. Vietnam is targeting 8 million visitor arrivals in 2023. They attracted 18 […]

Covid restrictions continue to fall like dominoes. Hong Kong came through with their plan to end their hotel quarantine policy, putting it into effect before October Golden Week, beginning today. Arrivals will no longer need to isolate themselves in a hotel, instead being on the honor system with a three-day self-monitoring period. There will be no more […]