Surabaya

Accor has sent an email blast to all its members about 23 Mercure and Grand Mercure hotels in Japan joining the system in 2024. There are the current Daiwa Resorts properties joining the Mercure and Grand Mercure brands in 2024 after renovations, not new hotels. Japan Hotel REIT Advisors is the firm that is Daiwa Resort’s asset manager, working to revitalize the properties. The 23 hotels are located in scenic spots across Japan and […]

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 […]

More reports are coming out of Vietnam about hotels closing or being put up for sale. The latest article said a Google search “for sale hotels in Ho Chi Minh City” brought up hundreds of results. The Ho Chi Minh City Department of Tourism said in District 1 there are 308 tourist establishments and about 20 have closed, […]

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 […]

JLL’s Hotels & Hospitality Group’s latest Hotel Investor Sentiment Survey suggests hotel investment in Asia Pacific will continue to recover in the fourth quarter of 2022 and into 2023 with more investors looking to deploy the highest levels of capital since the pandemic started. The survey shows approximately 80% of investors plan to be net buyers in 2022. Approximately […]