Tokyo

CoStar published an article on Swire Hotels and its plans to expand The House Collective to destinations like Tokyo and Shenzhen Bay in China. The House Collective currently comprises four hotels in China and Hong Kong. In July, Swire announced its first international hotel affiliated with The House Collective, a collaboration between L Catterton Real Estate and Tokyu Corporation and Tokyu Department Store, both under the […]

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 […]

STR’s global bubble chart for October 22 showed Singapore standing out in the Asia Pacific region while noting continued, steady recovery for most of the world. Among the 48 countries with room supply of more than 50,000 hotel rooms, 11 reported occupancy above 75%, one less than the previous 28-day period. Average daily rate was a bit softer […]

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 […]

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 […]

Marriott International announced it expects to open 14 additional luxury properties in Asia Pacific by the end of 2023. Marriott currently operates 156 luxury properties in the region. The Ritz-Carlton brand is set to expand in Japan with The Ritz-Carlton, Fukuoka opening in 2023. In Australia, the anticipated opening of The Ritz-Carlton, Melbourne will open in early 2023 […]

STR reported China hotel RevPAR results for the week ended September 10. RevPAR was down -12.3% year over year while down -29.3% when compared with a comparable week in 2019. Absolute occupancy was 48.2% in China for the week. That compares with 56.2% in the year ago week. Hong Kong hotels have been told to set aside just eight […]

Bloomberg reported that hotel rooms in Singapore are now the most expensive in almost a decade as the city-state seeks to position itself as the tourism and business destination in Asia. The average hotel room rate in Singapore rose nearly 70% year on year in July to S$259, the highest since September 2021. Visitor arrivals continue to […]

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 […]

STR reported China hotel RevPAR for the week ended August 20 was up 89.7% year over year, up against an easy -43.4%. When going against the week in 2019, China hotel RevPAR was down -21.5%. Absolute occupancy for the week was 64.6%, compared with only 38.1% in the year ago week. Cambodia’s Ministry of Tourism said that […]

Toyosu is a relatively quiet area compared to the rest of Tokyo, Japan. It does have the world’s largest seafood market, the teamLab Planets digital art museum, and Kidzania. Soon there will be an Ibiza-inspired resort opening, complete with a dining hall and outdoor barbeque facilities. The Kiranah Resort Toyosu will open on August 26. It will occupy a […]