Wyndham Hotels & Resorts

Macau saw over 93,000 tourists come to the SAR on Saturday over the Easter weekend. Macau tourism officials continue to try to narrow the gap between current visitation and 2019. Macau average hotel occupancy was about 75% in March . Officials are expecting up to 90% occupancy during the upcoming Labor Day holiday. Accor has 56 operating hotels in India . They entered the country almost two decades ago in 2004. Accor’s vision is to have 200 in five years’ time.

Rosewood Hotels & Resorts  announced Rosewood Residences Hillsboro Beach , located two miles from both Boca Raton and Pompano Beach, Florida . The Vinoy Resort and Golf Club, Autograph Collection has completed the initial phase of a comprehensive renovation led by Rockwell Group . Simon Property Group purchased the Hampton Inn & Suites at Phillips Place from Phillips Place Hotel Investors for $42 million.

The Bulgari Hotel Tokyo has opened its doors. The hotel is located on floors 40-45 of Tokyo Midtown Yaesu, a new skyscraper overlooking the Tokyo Station, the Imperial Palace Gardens and the city. The Singapore Tourism Board said the number of visitors arriving in the first quarter of 2023 reached 2.9 million, representing 62% of its 1Q19 visitation figure . STR reported on China hotel data for the week ended April 1. China hotel RevPAR rose 153.9% year over year for the week against easy comps.

Club Med said it was beginning a new chapter. Taking inspiration from the original Club Med philosophy, creating simple moments of happiness, the lifestyle brand will be providing a more premium, family-friendly and eco-conscious experience. Deutsche Bank initiated coverage on Wyndham Hotels & Resorts with a Buy rating and $79 price target. STR reported US lodging data for the week ended April 1. US hotel RevPAR was up 10.9% year over year.

Chinese hotels experience 20% increase in revenue per available room compared to pre-pandemic levels Domestic tourism boom and successful virus containment measures contribute to the rise in hotel occupancy and revenue High-end and luxury hotels see the most significant growth in revenue per available room, with some reporting up to a 50% increase

Malaysia reopened its borders nearly a year ago and finally its hotel industry is getting back to pre-pandemic occupancy levels. The resort island of Phuket in Thailand has seen a surge of Russian travelers in the high season. That adds to a jump in regional visitation from India , Malaysia and Singapore . Reuters published an article on how the belief that airline stocks and online travel agencies would be the best Chinese travel reopening play was wrong.

The DJIA rose 75 points, Nasdaq was up 117, the S&P 500 gained 12 points and the 10-year treasury yield was down another .09 to 3.41%. Lodging stocks were mixed. Pebblebrook Hotel Trust gave a 1Q operating update, showing the quarter is in line with their recent guidance. Tourism to and from the U.S . has gradually recovered in 2022 without fully returning to pre-pandemic levels, according to the Commerce Department.

Aimbridge Hospitality has acquired the management arm of Terrapin Hospitality , with 71 hotels located in 21 states. This aggregates to over 8,100 keys transitioning to Aimbridge management. B.Riley lowered their price target on Ashford Inc. to $14 from $18, they maintained their Neutral rating on the stock. IHG Hotels & Resorts announced the opening of a new Holiday Inn Express & Suites Hotel in Glendale, California .

Vietnam Prime Minister Pham Minh Chinh instructed his cabinet to relax certain visa requirements in a bid to attract more foreign tourists to the country. The Economic Times said many more hotels will be signed in India this year  compared to last year with some chains even considering doubling their signing numbers from last year. Wyndham Hotels & Resorts announced strong growth in Asia Pacific as it closed out 2022, diversifying its offerings for guests and owners across the region.

Despite the jitters and dire predictions we have been hearing for getting close to a year, lodging demand remains consistent with any concern of deterioration stemming from headline economic risk not yet manifesting in fundamentals. Baird reported on something we touched on recently, insider buying at lodging companies . A majority of the U.S. corporate travel buyers expect their company’s business travel to ramp up and return to pre-pandemic levels by the end of 2023