Sydney

STR reported China hotel RevPAR for the week ended November 26 was up 2.2% year over year. When compared with the same week in 2019, hotel RevPAR was down -33%. Absolute occupancy for hotels in China for the week was 53.7%, up from 50% during the comparable week in 2021. Macau hotels’ had average occupancy in October of 41.8%, up 4.2 […]

Pan Pacific Hotels Group announced it will double its serviced suites portfolio in 2023 with openings in key gateway cities such as Bangkok, Hanoi, Jakarta, Kuala Lumpur and Nairobi. Its developments are under parent company UOL Group Limited. The Group’s latest wave of expansion will increase its global development portfolio by 50%, adding more than 4,000 keys by 2023. Parkroyal Suites Bangkoklaunched on […]

Accor said they signed an agreement with Panthers Group for a new five-star Pullman hotel at the Penrith Panthers precinct in Western Sydney. The upper upscale 153-room Pullman Sydney Penrith hotel, slated to open in the fourth quarter of 2023, forms part of Panthers Group’s landmark transformation of the Penrith Panthers precinct to create a new state-of-the-art business and entertainment destination. The hotel […]

The commentary from President Xi at the National Congress in Beijing certainly did not sound like the Zero-Covid policy that has hampered tourism and business travel in and outside of China is going to change anytime soon. President Xi celebrated the nation’s “zero Covid” pandemic response. He called it the best choice and that it is […]

Fitch Ratings revised the Maldives’ outlook to Negative from Stable while affirming its Long Term Currency Issuer Default Rating at B-. The outlook revision reflects Fitch’s assessment that tightening global financial conditions are intensifying the Maldives’ external liquidity strains, even though tourism has recovered to pre-pandemic levels. Fitch believes a sharp decline in foreign-exchange buffers, if sustained, could complicate the […]

STR said Sydney’s monthly hotel performance reached a pandemic-era high, according to preliminary September 2022 data from STR. Occupancy was 71.8%, average daily rate was A$252.13 and RevPAR was A$181.05. The market’s occupancy and RevPAR levels were the highest since February 2020 while ADR was the highest since February 2018. The highest occupancy level was recorded on Saturdays […]

The number of Adelaide hotel rooms filled in one night hit a new high last month. On September 27, World Tourism Day, there were 9,001 CBD hotel rooms occupied of the total 9,911 available. This broke the previous record of 8,967 rooms occupied, reached the week prior. Nightly occupancy hit its highest since the start of […]

A new report from international travel industry analysts, the Centre for Aviation, predicts the Asia Pacific region will no longer be the world’s largest travel region by the end of 2022, ceding the title to Europe. They discussed how aviation in the region remains down by 45% compared to pre-pandemic levels while European air travel has recovered to roughly 85% […]

Enova Estates SL issued a press release on new resorts expected to open in 2023 in the Maldives. They currently have over 160 island resorts. In spring 2023 the five-star Six Senses Kanuhura will open with 80 private overwater, beach and spacious family villas. Also expected to open in 2023 will be the SO/Maldives from Accor and S Hotels […]

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 […]

STR reported China hotel RevPAR for the week ended September 3. Year over year, hotel RevPAR was up 19.3%, still up against easier year-over-year comps. When compared to the similar week in 2019, hotel RevPAR was down -28.2%. Absolute occupancy for the week was 52.7%. That compares with absolute occupancy of 46.65 during the same week in 2021. […]

STR reported China hotel RevPAR was up 48.2% year over year against very easy comps. When compared with this week in 2019, RevPAR was down -20.4%. Absolute occupancy in China last week was 59.1% versus 43.1% in the same week last year. It never is good for the hotel space when a city of 21 million […]