Ovolo Group's founder & CEO, Girish Jhunjhnuwala, has called on the Hong Kong Government for assistance for the local hospitality industry given the current economic downturn in the region. The situation in Hong Kong has hit been felt across all corners of the city including the retail, aviation and financial sectors, with the tourism industry being the hardest hit.
STR's preliminary August 2019 data for hotels in Melbourne, Australia, indicates lower overall performance, but higher room rates.Based on daily data from the month, Melbourne reported the following .
STR's preliminary August 2019 data for hotels in Hong Kong indicates all-time low occupancy levels amid ongoing protests in the region.Based on daily data from the month, Hong Kong reported the follo.
Asia Pacific’s Hotel Construction Pipeline, Excluding China, Rises to a Record High in the Second Quarter of 2019
According to the recent report from analysts at Lodging Econometrics (LE), Asia Pacific’s total construction pipeline, excluding China, is at an all-time high and stands at 1,793 projects/393,732 rooms, up 3% and 7% respectively, year-over-year (YOY).
China’s Hotel Construction Pipeline Continues to Expand, Setting an All-Time High, Despite Economic Slowdown
Analysts at Lodging Econometrics (LE) report that at the end of the first half of 2019, China's total construction pipeline swelled to 2,991 projects/592,884 rooms, up 19% by projects and 7% by rooms year-over-year (YOY), both at all-time highs, amidst an economic slowdown.
Hotels in the Asia Pacific region reported mostly negative results across the three key performance metrics during July 2019, according to data from STR.U.S. dollar constant currency, July 2019 vs. J.
ARTOTEL Group and Sinar Mas Land Established Joint Venture for Rooms Inc. Brand
City Developments Limited Acquires Full Control of W Singapore-Sentosa Cove and Quayside Isle, Crystalbrook Collection Acquires The Byron at Byron Resort and Spa for AUD41.7 Million, 2019 Asia Cruise Deployment and Capacity Report Released, Cebu Pacific Launched New Flights from Clark to Bacolod, Iloilo and Tokyo, China’s Domestic Tourism Revenue Continues to Grow in H1 2019.
STR's hotel pipeline data for the Asia Pacific region shows 2,109 projects accounting for 470,650 rooms in construction as of July 2019.
AccorHotels Announces Franchising Deal with Global Premium Hotels Limited