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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 […]

The DJIA was down 175 points, Nasdaq was up 8 while the S&P 500 fell 12 points, and the 10-year treasury yield was down .01 to 4.33%. Lodging stocks were mixed. BHR, AHT, and VCSA set new lows. Pebblebrook Hotel Trust became the first to warn that Tropical Storm Hillary could hurt 3Q results. PEB said the storm did not cause any damage to PEB properties […]

AvantStay confirmed late Tuesday afternoon it cut 37 employees, or nearly 10% of its workforce. Responding to a Skift inquiry, the Los Angeles-based vacation rental property manager tied the layoffs to platform and tech improvements, adding that the company is profitable. Presented by You’re reading a free version of the new Skift Short-Term Rental Report. To […]

New This Morning: Following extensive discussions within the community spanning almost four years regarding short-term rental homes, the Dallas City Council implemented zoning limitations to prohibit their presence in single-family neighborhoods last week. However, as a middle ground, short-term rentals will still be permitted in commercial areas and multi-family neighborhoods.  Presented by You’re reading a […]

You read it here first: We’re halfway into the year, and the short-term rental industry has been buoyed by summer travel picking up, despite prevailing economic uncertainty.   Presented by The Skift Short-Term Rental Report is the latest addition to Skift’s premium newsletter lineup. Stay on top of the latest sector news directly in your inbox […]

STR reported China hotel data for the week ended June 3. Hotel RevPAR in China was up 60.4% year over year, up against a decline of -21.6% comparison. When compared with the same week in 2019, RevPAR was down -5.5%.  Hotel Morris Sydney – Handwritten Collection will be opening on June 14. The Sydney property originally opened […]

The Fitch Ratings agency said the number of domestic tourism trips taken by Chinese consumers reached 119% of 2019 levels during the recent May Day holiday, aided by strong pent-up demand and the slower return of international flight capacity. Fitch said the domestic recovery trajectory was encouraging for the tourism industry but domestic tourism also benefits […]

How high will be too high for May Day Golden Week in China as reports continue to pour in about terrific business, soaring room rates along with a report from Bloomberg that there were roughly 19.7 million railway trips made across the country on April 29. China Railway Group said they expect a record 120 million […]

STR reported China hotel RevPAR was up 143.8% year over year for the week ended April 22. Results were up against an easy comparison of down -47.7%. When compared with the same week in 2019, RevPAR was up 1.9%. Radisson Hotel Group announced the latest phase of their expansion strategy in the Philippines with the signing of a deal […]

STR reported China hotel RevPAR, the week ending April 8, was up 108.5% on a year-over-year basis. It was up against an easy -49.5% comparable in 2022. When compared with the same week in 2019, China hotel RevPAR was down -16.4%. The results cannot be viewed as apples to apples as it includes a holiday week shift. […]

STR gave China hotel data for the week ended March 25th. Hotel RevPAR in China was up 159.2% year over year, up against an easy decline of -51% comparison. When compared with the same week in 2019, hotel RevPAR was down -6.2%. STR released their global bubble chart update through March 18th. It showed growing momentum in […]

Nepal hotels are complaining they are not seeing the deluge of reservations they would expect at this time of year. The VP of Hotel Association Nepal said a quarter of the hotel rooms are vacant. The Association has 2,000 hotels as members. Only 25% of their 10,000 room nights have been sold. They claim nearly 20% of […]