Uttarakhand

STR reported China hotel data for the week ended August 26. China hotel RevPAR was up 50.4% year over year. It was up against a 48.2% comp. Compared with the same week in 2019, China hotel RevPAR was up 19%, a solid result once again. A survey by the Thai Hotels Association and Bank of Thailand found that 29% of hotels rated […]

STR reported China hotel data for the week ended June 17. China Hotel RevPAR was up 59.8% year over year, up against a -14.3% comp decline. When compared to the same week in 2019, China Hotel RevPAR was down -3.2%. The Ascott Ltd., lodging division of CapitaLand Investment Ltd., is set to increase its properties in Malaysia […]

A Crisil Market Intelligence report predicted the revenue of premium hotels in India will rise 80% this current fiscal year. The rise will be on the back of 19%-21% after a 13% jump in 2022. Occupancy levels for premium hotels are expected to rise from 50% in the last fiscal year to 67-72 percent in Fiscal […]

Nepal hotels are complaining they are not seeing the deluge of reservations they would expect at this time of year. The VP of Hotel Association Nepal said a quarter of the hotel rooms are vacant. The Association has 2,000 hotels as members. Only 25% of their 10,000 room nights have been sold. They claim nearly 20% of […]

China’s Foreign Ministry spokeswoman told the media that many foreign nations had responded warmly to the country’s newly relaxed Covid-19 regulations. Some countries were also said to have reacted to Beijing’s decision to ease its own health policies with ‘disproportionate’ and ‘unacceptable’ restrictions. The Chinese government threatened to retaliate after the United States and other nations […]

The Nation reported hotels in Thailand expect occupancy rates to start picking up in the second half of this year. China lifting restrictions is playing a big part in that projection. The Hotel Business Operator Sentiment Study is conducted by the Thai Hotels Association and Bank of Thailand. Last month’s study showed operators expect their revenue […]

Data from Tourism Western Australia shows Singapore is now the number one source of foreign visitors, with Singaporeans accounting for 24% of all international arrivals in the September quarter, despite Singapore’s relatively low population. Singapore arrivals are already back at 80% of pre-Covid numbers with 270 flights per week between Changi and Perth Airport. Before […]

Colliers is recommending developers in the Philippines line up various hotel projects in order to capture the surge in local and foreign tourists. Dept of Tourism data showed the first 10 months of 2022 recorded 1.9 million arrivals, beating the full year target of 1.7 million. In the first half of 2022, Colliers recorded the delivery of […]

STR reported China hotel RevPAR for the week ended 11/12 was up 17.5% year over year. While that sounds impressive given the surge in Covid cases, when compared with the same week in 2019, pre-pandemic, RevPAR for hotels in China was down -40.5%. Absolute occupancy last week was 51.4% versus absolute occupancy a year ago of 43.4%. China […]