STR: Positive Outlook For Hanoi Hotel Industry
Rapid growth in international tourist arrivals to Vietnam has contributed to a positive short- to mid-term outlook for the Hanoi hotel industry, according to data and analysis from STR.
Press Releases
STR: Unfavorable Outlook For Kuala Lumpur Hotel Industry
Early 2019 performance levels and profitability fundamentals produce an unfavorable short- to mid-term outlook for Kuala Lumpur’s hotel industry, according to data and analysis from STR.
Horwath HTL Industry Report: Singapore Hotel Market Review March 2019
Singapore's tourism industry performed significantly better in 2018, with visitor arrivals exceeding earlier forecasts and its hotels reversing a persistent downward trend. Visitor arrivals hit a record 18.5 million, driving occupancy levels (86 percent) that helped raise RevPAR to SGD189. As the market enters a period of compression and supply growth remains slow, how will the market respond to the changed dynamics? Benjamin Oh from Horwath HTL Singapore provides the lowdown.
STR: Preliminary February Data For Melbourne Hotels
STR's preliminary February 2019 data for hotels in Melbourne indicates a significant occupancy level. Based on daily data from February, Melbourne reported the following in year-over-year comparisons:
Centara On Track To Realising Five-Year Strategic Vision After Securing 10 Hotels In 2018
Bangkok, Thailand - Centara Hotels & Resorts, Thailand's leading hotel operator, has revealed that it is on track to achieve its strategic vision, which includes the goal of doubling its global hotel portfolio by 2022.
India Hotel Survey Reveals Key Findings Regarding Performance Opportunities, Profitability
India's hotels are heavily dependent on food and beverage (F&B) as a revenue generator, and have a significant opportunity to boost foreign and leisure demand, according to findings from the 21st edition of the Federation of Hotel & Restaurant Associations of India (FHRAI) Survey report.
Gold Coast Shines As Australia’s Top Hotel Market For 2018
Brisbane - The Gold Coast continues to ride a wave of growth following the 2018 Commonwealth Games, with the coastal city emerging as Australia's best performing hotel market over the past 12 months.
Horwath HTL Industry Report: India Hotel Market Review 2018
The India Hotel Market Review 2018 is a collaboration between Horwath HTL and STR. In this report, we examine Occupancy, Average Daily Rate and Revenue Per Available Room for several key markets. We have concentrated upon all-India numbers and 13 key markets, which carry 67% of total chain-owned/managed/affiliated inventory.
STR: Preliminary January Data For Sydney Hotels
STR's preliminary January 2019 data for hotels in Sydney indicates lower occupancy and room rates influenced by supply growth. Based on daily data from January, Sydney reported the following in year-over-year comparisons:
PolyU Study Finds Backpackers Make a Difference
Targeting the backpacker segment may be an effective means of diversifying Hong Kong's tourism market and promoting sustainable tourism, according to Dr Wantanee Suntikul, Dr Denis Tolkach, Dr Elizabeth Agyeiwaah (Ph.D. graduate) and Mr Ching-Nok Lung (BSc graduate) of the School of Hotel and Tourism Management (SHTM) at The Hong Kong Polytechnic University. In a recently published article, the researchers revealed that, according to survey results, "backpackers are pushed by the search for new ideas and pulled by the unique food culture of Hong Kong". Destination marketers in the city should also be aware that backpackers are more likely to support the local economy than other types of tourists, many of whom visit because of its reputation as an international shopping destination.
Vietnam Hospitality Market: 2018 Overview and 2019 Outlook
2018 has been an excellent year for Vietnam Real Estate market with positive signs coming from all sectors, among which hospitality stands out as one of the main sectors drawing enormous attention from international and local developers and investors. The market has exhibited many projects that are being planned, developed, and opened with the presence of new brands and products. Demand also experienced a remarkable growth of 21% in international tourist arrivals (within 11 months of 2018 compared to the same period in 2017), which is slightly lower than that of last year but still considered impressive when compared to other destinations in the region. In addition to its strong growth in the last two years, Vietnam has grown tremendously within the last decade as the average growth rate of international arrivals to Vietnam amounted to three times the global CAGR (Compound Annual Growth Rate) and two times the Asia Pacific CAGR.
Aussie Travellers Predicted To Holiday At Home In 2019, According To Oaks
As Australians ring in 2019, goals are being set for the New Year, and without a doubt, 'work less; travel more' will be the resolution topping many of these lists. So where are Aussie holidaymakers headed this year? Leading accommodation provider Oaks Hotels & Resorts is lifting the lid on some of the hottest trends in travel for 2019, along with the destinations that are set to benefit the most from domestic tourism, according to the hotelier.
STR: Preliminary December data for Sydney hotels
STR's preliminary December 2018 data for hotels in Sydney, Australia, indicates performance declines. Based on daily data from December, Sydney reported the following in year-over-year comparisons:
STR: Preliminary November data for Melbourne hotels
STR's preliminary November 2018 data for hotels in Melbourne, Australia, indicates performance declines. Based on daily data from November, Melbourne reported the following in year-over-year comparisons:
Horwath HTL Industry Report: Koh Samui Top-tier Hotels
The emergence of Koh Samui as an alternative playground for well-heeled beach vacationers has led to the recent blossoming of five star and luxury resorts. New wealth has shifted east towards China and so does a surge of outbound getaway travellers. An upmarket position of Bangkok Airways and its control over the charming resort-like Samui International Airport present a good contrast to mass market orientation of Asian beach destinations like Phuket and Bali, and match well with a boutique concept and design of sprawling high-end resorts on the tropical paradise island. This latest report by Horwath HTL Thailand provides great insight into trends and outlook of Koh Samuis top-tier hotel market.
STR: Preliminary October data for Sydney hotels
STR's preliminary October 2018 data for hotels in Sydney, Australia, indicates an occupancy-driven performance decline.
China will overtake France, says Euromonitor International
China will overtake France as the world's largest tourist destination by 2030, a leading research firm has predicted at the Europe Inspiration Zone on the first day of WTM in London, 2018.
Ramada by Wyndham Hits 100-Hotel Milestone in China
Expanding its established presence of over 1,400 hotels in China, Wyndham Hotels & Resorts, the world's largest hotel franchisor with nearly 9,000 hotels and 20 iconic brands and the largest U.S.-based hotel company in China, recently marked its landmark 100th Ramada® by Wyndham location in the country with the opening of the 194-room Ramada Plaza Fuxian Lake. Wyndham, which acquired the international rights to the Ramada flag in 2004 with just 14 hotels in China, has steadily grown the brand's presence in key business and leisure travel markets there - including Shanghai, Beijing, Xiamen, and Chongqing, among others - offering a globally-recognized and trusted hotel name to the country's ever-growing base of travelers. Today, the brand's footprint consists of over 850 locations in more than 60 countries around the world. "The increasing travel habits and spending among China's burgeoning middle class - which is expected to grow to more than 500 million people by 2022 - continues to drive the need for a range of quality, value-driven accommodations throughout the country, from urban to rural destinations," said Bob Loewen, executive vice president and chief operating officer, Wyndham Hotels & Resorts. "Ramada has delivered sought-after lodging options and high-caliber service around the world for six-plus decades. Reaching this milestone of 100 hotels in China signifies the confidence and trust hotel owners and guests have in the internationally renowned brand, and highlights the vast opportunities to continue expanding Ramada even further in the region," he continued. Located in Yunnan Province's Changjiang County, the newly constructed Ramada Plaza Fuxian Lake is situated within Southwest China's mountain landscape close to the Lucong Scenic Area, Maotianshan Mountain National Geo-Park, and Kunming International Airport. The tranquility of nearby Fuxian Lake - a popular attraction located just five kilometers away - inspired the hotel's relaxing design elements, like its wavy exterior and neutral color palettes. Services and amenities at China's newest Ramada include two eateries, daily free breakfast offering traditional Sichuan and Yunnan cuisine, a heated indoor pool, a fitness center, and free Wi-Fi. The hotel's 760 square meters of meeting and event space comprises five meeting rooms accommodating up to 600 guests. Wyndham Hotels & Resorts currently has seven brands spanning all segments operating in China, including Ramada, Super 8® by Wyndham, Days Inn® by Wyndham, and its flagship Wyndham® chain. The Company debuted two of its brands in the country in the past year - the lifestyle TRYP by Wyndham flag and the award-winning midscale Wingate by Wyndham® name - with the openings of new hotels in Xian and Sanya. As of September, 30, 2018, Wyndham had more than 90 Ramada hotels in its pipeline in China.
STR: Preliminary September data for Sydney hotels
LONDON — STR's preliminary September 2018 data for hotels in Sydney, Australia, indicates performance declines.
From Asia’s finest tropical islands to Japan’s finest snow: Elite Havens expands into Niseko
Elite Havens, the leading provider of high-end vacation rentals in Asia, owned by Dusit International, has expanded its luxury villa portfolio by acquiring the 17 beautiful properties of Niseko Boutiques, located in the picturesque wintery wonderland of Japan's most famous ski resort.