Singapore Tourism Projects 18.5 Million Visitors for 2025
Singapore is on track to exceed pre-pandemic tourism spending in 2024 and expects up to 18.5 million visitors generating over S$30 billion in receipts by 2025.
Alan Woinski
Alan is the founder of the Daily Lodging Report, now owned by Skift, and remains editor. He also founded the Gaming Industry Daily Report and Gaming Industry Weekly Report which remains under the ownership of Gaming USA Corporation, owned by Alan and his wife Kim. Alan and Kim recently moved from Bergen County, NJ to Southwest, Florida and are loving the SWFL lifestyle. Both Alan and Kim recently became grandparents for the first time to a beautiful baby girl.
Truist Lays Out Projections for Earnings Season
Vacasa is reviewing an unsolicited $5.25-per-share acquisition proposal while maintaining its existing merger with Casago at $5.02 per share, with its board recommending the merger as it evaluates whether the new bid is superior.
Alan Woinski and Kim Woinski |
Thai Luxury Hotel Rates Rose 5% Last Year
In 2024, Thai luxury hotels experienced significant year-on-year increases in average daily rates and occupancy across key tourist cities.
Alan Woinski and Kim Woinski |
Peachtree Group Has 48 Properties in Development
Peachtree Group has surpassed $2 billion in hotel development across 48 nationwide projects, including new builds in Alabama, Dallas, and multiple Qualified Opportunity Zone developments.
Alan Woinski and Kim Woinski |
Golden Week Visitors to Macau Drop 8% From 2024
Despite a single-day post-Covid high, Macau's Golden Week visitor arrivals are down year-over-year, with Mainland China visitation seeing a significant decline.
Omni Signs $575 Million New Orleans Hotel Deal
Omni Atlanta Hotel announced renovations, while Omni Hotels & Resorts secured approval for a $575 million headquarters hotel in New Orleans.
Alan Woinski and Kim Woinski |
Sonesta’s $850 Million Development Deal in Miami
Sonesta International Hotels Corporation has partnered with Mint Developers to build The James Hotel & Residences Downtown Miami, an $850 million, 82-story tower set to open in 2028.
Macau Set to Gain Over 4,000 New Hotel Rooms
Macau had 2,928 hotel rooms under construction by the end of 2024, with a total of 4,229 potential new rooms if all planned projects are approved.
Hotel Investors Beam With Optimism
The ALIS Conference reflected cautious optimism about the hotel industry's future, with hopes for policy changes, modest RevPAR growth, transaction market challenges, and a suggestion that Taylor Swift could boost travel demand.
Alan Woinski and Kim Woinski |
IHCL Signs 300-Room Taj in Ayodhya
Indian Hotels Company announced a new Tajhotel in Ayodhya, set to open in 2026 with 300 rooms, luxury villas, extensive amenities, and event space, expanding IHCL’s footprint in Uttar Pradesh to 31 hotels.