Tokyo

STR reported China hotel data for the week ended September 9th. China hotel RevPAR was up 58.1% year-over-year, up against a decline of -12.3% in the year-ago week. Compared with the same week in 2019, RevPAR was up 10.3%. The Hong Kong Tourism Board said HK recorded preliminary visitor arrivals of about 4.1 million in August, representing […]

CoStar and STR analysis show Australia’s recent hotel performance represents normalization as leisure demand has peaked and corporate business is now strengthening. They will be presenting this at the NoVacancy Hotel + Accommodation Industry Expo. Through the first seven months of the year, Australia’s hotel occupancy was 68.2%, up 9.8% from last year but still down -6 points from 2019. ADR […]

The FIFA Women’s World Cup 2023 in Australia and New Zealand generated $2.98 billion in travel and retail spending in NSW, boosting the economy and drawing record audiences to hospitality venues. Nikkei Asia published an article on Hilton planning to expand its luxury offerings in Asia. Hilton will be bringing its Waldorf Astoria brand to Malaysia, Vietnam, India, and other countries for the first time […]

Bloomberg reported on the boom in hotel investment in Japan. We recently reported on the appetite Blackstone has for Japanese real estate, particularly hotels. The Bloomberg article expanded on that, saying foreign investors, including Goldman Sachs Group, KKR & Co, and Blackstone, have spent a combined $2 billion on hotel deals in Japan so far this year, the most compared […]

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, […]

VN Express said the hospitality market in Ho Chi Minh City remained gloomy in the first half of the year due to a slow recovery rate of international tourist arrivals. According to Savills Vietnam, the hotel occupancy rates in the first half of 2023 stood at 64%, 92% of pre-pandemic levels. HCMC welcomed 18 million visitors. In the second quarter, occupancy […]

Tokyo media reports suggest the number of domestic tourists who visited Japan’s capital in 2022 has bounced back to pre-pandemic levels. The Tokyo Metropolitan Government estimated that about 542.67 million Japanese tourists visited Tokyo last year, down only -0.1% compared to 2019, NHK reported. Japanese domestic tourists are estimated to have spent roughly 4.62 trillion yen (US$32.7 billion) which […]

Hilton announced the opening of The Mermoon Resort Hainan Tufu Bay, Tapestry Collection by Hilton. This marks the entry of Hilton’s lifestyle brand into the vacation destination of Hainan Island, China’s southernmost point. The resort is owned by China Energy Construction Group Co. Ltd and is managed by Hilton. The hotel includes 116 guest rooms and suites all […]

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 […]

STR said China hotel RevPAR was up 93.8% year over year the week ended May 20. It was up against an easy comp of down -38.2%. When compared with the same week in 2019, China hotel RevPAR was down -2.4%. Minor International Pcl said they expect a record year for its hospitality business on pent-up travel demand […]

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 […]

Golden Week started off with a bang in the SAR with Hong Kong reporting 165,000 people crossed the border into the city on the first day while more than 110,000 tourists from the Mainland left Hong Kong, complaining of soaring hotel prices and praising the convenience of the high-speed rail for making short visits. The South […]