Seoul

STR reported China hotel data for the week ended September 23rd. Hotel RevPAR was up 46.7% year over year, up against a 5.1% comp in 2022. Compared with 2019, RevPAR for the week in China was up 14%. Investment specialists at the Australia-New Zealand edition of the Hotel Investment Conference Asia Pacific said market conditions are stressing hotel […]

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 […]

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 […]

STR reported that China hotel RevPAR was up 22% year over year for the week ending August 5th. When compared with the same week in 2019, RevPAR was up 6.7%. China has lifted a ban on group tours to more than 70 locations. Group tours will resume to dozens of locations in Asia Pacific, Europe, Africa, […]

Radisson Hotel Group told the media they will open more premium and luxury hotels in Thailand over the next five years, taking advantage of a rapidly recovering tourism industry there. Radisson plans to open 12 to 15 hotels each year in Thailand, Cambodia, Laos and Vietnam. 70% of them will open in Thailand with the remaining 30% spread across the three […]

STR reported China hotel data for the week ended May 27. China hotel RevPAR was up 83.3% year over year while up 4.3% versus the same week in 2019. Singapore hotels’ average room rate and RevPAR were up in April with ARR up 3.3% to S$273.18 from March. Year over year, ARR was up 32.8%. Overall room […]

Trip.com data shows the global travel bookings for the summer (June 1 – August 31) already has surpassed the 2019 level with intra-regional travel leading the way. Overall bookings on the Trip.com platform for the summer increased by 170% when compared to the same period in 2022, up by 356% year over year in Asia. European markets are […]

The Singapore Tourism Board said 1.13 million tourist arrivals were recorded in April, the second consecutive month of more than a million arrivals. This was the highest monthly number of visitor arrivals since the start of the pandemic. January 2020 was the last big month of arrivals (1.7 million) and that is within reach. Indonesia was the […]

The Ministry of Culture and Tourism in China said domestic travelers reached 274 million during the recent Labour Day Golden Week holiday, topping 120% of pre-Covid levels. Chinese domestic tourism revenue reached US$21.4 billion during the period, up 128.9% yearly, recovering to 101% of the same period in 2019. International flights recovered to around 40% over the […]

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 […]

The World Travel & Tourism Council reported positive signs of recovery for the Asian travel and tourism sector with five major metropolises seeing a significant economic rebound. The highest-performing Asian cities in 2022 were Bangkok, Beijing, Seoul, Singapore and Tokyo. The report, in partnership with Oxford Economics, showed those five cities had a recovering direct contribution to GDP by […]

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 […]