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Thailand's economy is getting a boost from young Chinese travelers looking to shop, eat and relax at spas. More than 1.12 million Chinese tourists visited Thailand in the first quarter of 2013, a 93 percent increase from the same period of 2012, according to Bloomberg. Read More »
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The rapid growth of gambling in China's Macau region is bolstering the bottom line of U.S. gaming companies. Sands China Ltd., the subsidiary of Las Vegas Sands, this week reported that net profit ros... Read More »
Global hotel chains reported a 5.1 percent increase in leisure bookings during the first quarter of 2013, according to new data from Pegasus Solutions. While bookings were aided by an early Easter hol... Read More »
With Europe still wallowing in recession and the U.S. economy only now showing signs of having turned, hoteliers continue to target Asia for new projects. China, India and Indonesia are driving record... Read More »
More than 211,000 hotel rooms are in development in China, a 13.9 percent increase from the current supply, according to a new report. China has almost four times the number of rooms in development th... Read More »
Aseana Porperties Limited is opening the world's largest Aloft hotel at its Kuala Lumpur Sentral development in Malaysia. Under the Aloft brand, the hotel is managed by Starwood Hotels & Resorts. It i... Read More »
China reported a steep drop in both occupancy rate and revenue per available room in February, according to the latest data from STR Global. Occupancy fell 19.9 percent to 48.9 percent, and revenue pe... Read More »
Shanghai-based resort owner Naked Retreat plans to invest more than $160 million in new projects as demand grows for eco-themed resorts in China. While Hyatt and other traditional international hotel ... Read More »
According to STR Global, Thailand's revenue per available room (RevPAR) grew 15.4 percent in 2012 to THB2,232. The returning demand levels (+13.3 percent) helped boost occupancy 10.0 percent to 69.2 p... Read More »
At the Americas Lodging Investment Summit (ALIS) last week in Los Angeles, Jones Lang LaSalle's (JLL) Hotels & Hospitality Group reported five forces which will drive the hotel investment market durin... Read More »
According to STR Global, the Asia-Pacific hotel region experienced positive results in the three key performance metrics in 2012 when reported in U.S. dollars. In 2012, the Asia-Pacific region's occup... Read More »
According to STR Global, the Asia/Pacific hotel industry opened 458 new hotels with 82,476 rooms in 2012. Among the Chain Scale segments, the Upscale segment opened the most new rooms with 17,050 room... Read More »
According to STR Global, India's hotel industry has reported year-to-date decreases in the three key performance metrics. For the period January-to-October 2012 YTD, India's hotels on an average saw o... Read More »
MGM Resorts International (NYSE: MGM) recently announced that MGM China Holdings Limited, a 51%-owned subsidiary, has formally accepted a Land Concession Contract in the form of a lease granted by the... Read More »
Four years ago, India's Tata Group paid $2.3 billion for British luxury car maker Jaguar and Land Rover. Now, India's multi-industry conglomerate is going after another luxury brand, Orient-Express, i... Read More »
Two of Australia's best road trips are in the state of South Australia. So, gas up the rental car, put the top down, and prepare to see South Australia from valley to vineyard. From the bustling capit... Read More »
The next step in Rosewood Hotels & Resorts' ambitious Asia expansion plan will take the Dallas-based company to Thailand. News of Rosewood's Thailand deal comes on the heels of the company's first Ros... Read More »
Hyatt Hotels Corporation recently announced the opening of Park Hyatt Chennai, marking the 30th hotel in the Park Hyatt collection and the first Park Hyatt hotel to be introduced in the city of Chenna... Read More »
According to Jones Lang LaSalle Hotels, Thailand, Indonesia and the Maldives are the next hotel investment markets to watch in the Asia Pacific region in coming years. "We are seeing fantastic potenti... Read More »
Rosewood Hotels & Resorts is bringing its upscale hotel brand to China. The Dallas-based company recently announced its first property, Rosewood Beijing, will be opening next summer. The 279-room Rose... Read More »
China's Forbidden City has a new neighbor. Or, 220 new neighbors, thanks to the opening of the Imperial Mansion, Beijing - Marriott Executive Apartments. Marriott International just opened the newest ... Read More »
