The Asia Pacific region reported a 1.7% increase in occupancy to 66.6%. Average daily rate remained nearly flat (-0.2% to US$105.04). Revenue per available room rose 1.5% to US$69.93.
International visitor demand into the Asia Pacific region is forecast to grow at an average rate of 4.6 percent each year to reach in excess of 657 million by 2020.
For this edition of the HVI, HVS analyzed 32 top hotel markets in 13 countries with a total inventory of approximately 332,000 rooms in the mid-market and higher space (four star plus).
Hilton said it plans to set up 206 more hotels in China out of the total 266 in Asia-Pacific, while the hotel company currently has 71 hotels in Asia’s biggest economy.
Visa has announced the results of its Global Travel Intentions Study 2015, stating that travellers from the Asia Pacific regions are now leading the world in leisure travel.
This latest phase of refurbishments will enable Pan Pacific Hotels to be further distinguished by their premium class of hospitality and augment the significant customer affinity.
Wilson Shao’s vast sales experience in in Grand Hyatt, Renaissance and St. Regis has equipped him with the necessary skills to succeed in his new appointment.
Growing short-term visitor arrivals, a rise in Chinese visitors, greater spending and longer stays as well as high occupancy and returns bring more foreign investment to Sydney hotels.
Hotels in the Asia Pacific region experienced nearly flat performance in the three key performance metrics when reported in U.S. dollar constant currency.
Investors are bullish on Sydney, Australia, which continues to lure foreign investment, particularly into hotels.
South China Morning Post is reporting that Marriott International is pursuing a rapid expansion in Asia-Pacific.
The region’s occupancy for May increased 1.4 percent to 68.1 percent. However, average daily rate in the Asia Pacific region dropped 6.9 percent to US$105.54.
The total Asia Pacific construction pipeline is the largest regional pipeline in the world and has the highest number of projects and rooms.
Starwood Hotels & Resorts Worldwide has announced the debut of its eco-conscious Element brand in Asia Pacific.
Mr. Smithhas previously worked in Hong Kong serving as Chief Operations Officer for Marriott International’s APAC region.
Meliá Yangon, scheduled to be opened in 2016, will bring Spanish Passion for Service to the former Burmese capital.
There are 2,403 hotels totaling 553,895 rooms under contract in the Asia/Pacific region, according to the April 2015 STR Global Construction Pipeline Report.
The region’s occupancy for March fell 0.3% to 68.7%. Affected by the continued devaluation of the Japanese yen.
Shangri-La, Meritus, and Pan Pacific Hotels & Resorts Embrace TravelClick’s Demand360 Business Intelligence Product.
Marriott International has announced its Asia Pacific (APAC) operation has won a series of prestigious workplace awards within the first four months in 2015.
The region’s occupancy for February fell 3.6% to 64.6%; its ADR dropped 3.6% to $117.64; and its RevPAR decreased 7% to $75.97.
Hotels in the Asia Pacific region experienced negative year-over-year results in the three key performance metrics during February 2015 when reported in US dollars.
Driven by stable economic performance and relatively high yielding assets, many investors over the past two years have been attracted to opportunities across Asia Pacific.
Accor’s network of Mercure hotels continues to grow with the announcement of four new Mercure hotels joining the group.
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