News

September 21, 2021

2020-21 Australian accommodation monitor shows performance divide between capitals and regional areas

Australian accommodation declines for the 2020-21 financial year were worse for capital markets than regional areas, according to STR’s collection of national accommodation statistics through the Australian Accommodation Monitor.

September 13, 2021

STR: Preliminary August data for Australia hotels

Amid increased COVID-19 cases and lockdowns across the country, Australia’s hotel industry reported lower performance levels, according to preliminary August 2021 data from STR.

August 31, 2021

India’s Different, Second Recovery

India’s progressive approach to vaccinations has led to an increase in travelers and hotel demand, especially in the leisure segment. Beyond the noticeable improvement, however, the country is showing a different trend in which markets are regaining occupancy.

India

August 26, 2021

WTTC warns Sri Lankan economy could suffer a shortfall of more than LKR8.2 billion every month it’s on the UK’s ‘red list’ for travel

Research conducted by the World Travel & Tourism Council (WTTC) has revealed Sri Lanka’s economy could face losses of more than LKR260 million each day it remains on the UK’s disruptive and damaging ‘red list’ for travel.

WTTC

Sri Lanka

August 20, 2021

A Quick Overview of China’s July Hotel Performance

With the help of summer vacation, Mainland China’s overall hotel occupancy rate showed a good upward trend in July, with the second and third week of the month reaching 2019 levels.

August 18, 2021

STR: Olympics lifted Tokyo hotel occupancy to 17-month high

As host to the delayed summer Olympics, Tokyo posted its highest hotel occupancy in 17 months and saw a pair of days with levels that approached the peak of the “Go To Travel” campaign in 2020, according to data and analysis from STR.

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Tokyo, Japan

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Opinion Article

August 16, 2021

In Focus: Maldives

The Republic of Maldives is located in the Indian Ocean, southwest of Sri Lanka and India. The country comprises 1,192 coral islands, which are divided into 26 major island rings, known as atolls. For administrative purposes, these 26 atolls are organised into nineteen administrative districts across an area of 90,000 square kilometres in the Indian Ocean.

By Hok Yean Chee, Chariss Kok Xin, and Peggy Lee

Maldives

External Article

August 13, 2021

China’s Hotel Recovery Evaporated in 2 Weeks

China, usually seen as the global leader in the hotel industry’s recovery from the pandemic, took a massive fall last week in its hospitality comeback due to the Delta variant. Prior industry optimism about the country’s ability to quickly rally after a setback doesn’t seem to apply this time around.

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August 13, 2021

STR: Preliminary July Data for Sydney Hotels

Reflecting the ongoing impact of the latest lockdowns, Sydney hotels showed significantly lower performance across the three key performance metrics, according to preliminary July 2021 data from STR.

Sydney, Australia

August 12, 2021

Karma Group Adds Karma Song Hoai In Vietnam To Resort Portfolio

The illustrious Karma Group has welcomed another elegant property into its luxury resort portfolio, this time in Vietnam. Sitting among the picturesque UNESCO World Heritage-listed town of Hoi An sits Karma Song Hoai.

Karma Group

Vietnam

August 11, 2021

IHCL Reports First Quarter FY 2021-22 Results

South Asia’s largest hospitality company, reported its consolidated financials for the first quarter ending June 30th, 2021.

IHCL

India

August 11, 2021

China Hotel Performance Update

All key markets in China showed June 2021 increases in hotel occupancy and average daily rate (ADR) compared to the same period last year, except for Guangzhou and Shenzhen.

August 11, 2021

STR: India’s Hotel Industry Continues To Regain Occupancy

After a rapid decline due to a second COVID-19 wave, India’s hotel industry has seen a continued increase in occupancy due to the progressive approach to vaccinations in key markets across the country, according to preliminary data and analysis from STR.

India

August 6, 2021

Australia’s Lockdowns Set To Weaken Domestic Travel Recovery, Says GlobalData

With Australia battling a rise in COVID-19 cases, domestic travel has reduced drastically. While Australia’s domestic recovery was strong in H1 2021, the reintroduction of lockdowns and state border closures will serve as a blow, and set to weaken and slow down the domestic travel recovery. Additionally, Qantas airline standing down its staff signals the prospect of a longer road to recovery, says GlobalData, a leading data and analytics company.

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August 6, 2021

STR: Australia Hotel Occupancy On A Steep Decline Amid Latest COVID-19 Lockdowns

After being one of the highest-performing countries during the early portion of 2021, Australia’s hotel occupancy has been on a rapid decline amid the latest COVID-19 lockdowns across the country, according to data from STR through 1 August.

August 5, 2021

Chengdu Hotel Market Performance Recovery

In 2020, Chengdu’s hospitality industry accounted for 65.7% of GDP, contributing 52.2% to the city’s economic growth and significantly increasing its contribution to the development of energy levels and economies.

July 13, 2021

Hotel Performance Recovery In China Isn’t Just Faster, It’s Different

Like many markets worldwide, Mainland China has worked diligently to establish a new, albeit temporary, normal. That has included tight border controls, enhanced testing measures and small but strict lockdowns to prevent new surges in COVID caseloads. As a result, travel in China has quickly rebounded in both the leisure and business travel segments. Sure, performance declines have occurred during lockdowns, but rebounds have quickly followed, and through the first half of 2021, hotel performance has remained pretty much near normal based on the market’s historical trends.

July 13, 2021

STR: Preliminary June Data For Beijing Hotels

Beijing’s hotel industry reported lower occupancy but higher room rates when compared with the month prior, according to preliminary June 2021 data from STR.

July 8, 2021

China: A Look Back and a Look Forward

After the outbreak of the epidemic in Guangdong at the end of May, the occupancy rates of the two major cities in Guangdong—Guangzhou, Shenzhen, and other parts of the province—have fallen to the bottom. As the center of this epidemic, Guangzhou hotels have been more severely affected. With the implementation of anti-epidemic measures and accelerated vaccination, the Guangzhou epidemic has gradually improved in mid-June. Not only has Fangcun been unblocked, high-risk areas have been downgraded, and the occupancy rate of Guangzhou hotels has also improved. In Shenzhen, affected by the new cases in the Bao’an District on 14 June, it may take some time to recover.