RevPAR fell by double digits in Hong Kong and Macau, which led to a 0.7% drop in RevPAR in Greater China where “trading conditions remain challenging.”
Mövenpick Hotels & Resorts announced an extensive growth programme in Thailand and across Asia at the Asia Pacific Hotel Investment Conference 2015 held in Bangkok.
Dusit International half a decade ago decided it would go global. It’s making good on that promise today.
India Poised to Be Leader in Business Travel in Coming Decades - Business Travel Spending Forecasted to Grow 9.8% in 2015, 10.9% in 2016.
Unit growth is a key phrase at Starwood Hotels in 2015 as the company looks to capitalize on the progress made during 2014.
Preliminary passenger traffic results for 2014 showed continued moderate growth from last year in Asia-Pacific airports at +5.9%.
French hotel group, Accor yesterday announced its revenue remained ‘favorable’ for the company in Q1 and Q2 of this year.
The probability of the hotel industry being in recession, which is detected in real-time from HIP, registered 4.3 % in April, down from 4.8% reported in March.
Considering the large room for growth and development potential for midscale hotels in China, branded hotel groups are trying to seize China s midscale hotel market.
With the robust growth of its national economy and an emerging tourism industry, China’s hotel sector has experienced rapid development in recent years.
This was the second consecutive month with a declining growth rate and heralds the impact of the various economic contagions across the globe. For the first five months of 2012, the average growth in international visitor arrivals into Asia Pacific destinations was 6% up year-on-year.
These four words reminded me of some hotel projects I have been involved with in the past and what it means for hotel operators with regards to new opportunities to expand their brand in one of the largest and fastest growing markets in the world.
The Chinese hotel market’s performance has remained positive year-to-November, with RevPAR growing 2.8% compared with the previous year, according to STR Global, the leading provider of market data to the hotel industry.
Rapid growth for China’s domestic hotel chains continued in the third quarter and is expected to accelerate into 2012, but shifts in business models have brands approaching growth differently.
Rapid growth for China’s domestic hotel chains continued in the third quarter and is expected to accelerate into 2012, but shifts in business models have brands approaching growth differently.
Bookassist CEO Dr Des O"Mahony shares some data on hotel booking performance on mobile platforms, showing the clear and growing opportunities in the area and some surprises in the user patterns.
Bookassist CEO Dr Des O"Mahony shares some data on hotel booking performance on mobile platforms, showing the clear and growing opportunities in the area and some surprises in the user patterns.
According to the latest Pegasus data, GDS channel results show corporate travel recovery keeping a firm footing and forging onward. Overall, bookings, ADR and revenue are still gaining additional ground over and above the progress made last year.
According to the latest Pegasus data, GDS channel results show corporate travel recovery keeping a firm footing and forging onward. Overall, bookings, ADR and revenue are still gaining additional ground over and above the progress made last year.
LONDON— STR Global’s Market Forecast is projecting mostly year-on-year improvements in revenue per available room for the remainder of 2011 with some slowdown expected in 2012 for the 45 markets available.
LONDON— STR Global’s Market Forecast is projecting mostly year-on-year improvements in revenue per available room for the remainder of 2011 with some slowdown expected in 2012 for the 45 markets available.
Rates at Houston-area hotel are on the rise, but nationwide economic uncertainty is slowing demand, a hotel consultant said Thursday.
Rates at Houston-area hotel are on the rise, but nationwide economic uncertainty is slowing demand, a hotel consultant said Thursday.
It’s not too often a hotel is in the position of saying occupancy DECLINED to 99% during a quarter, but that’s what China Lodging Group reported in its second quarter earnings earlier this month.
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