Singapore Hotel Demand Rises, Profit Margins Decline
Singapore's hotel demand is strong, but profitability is under pressure due to labor and rate constraints, with Marina Bay leading performance.
Latest News
MGM Resorts CEO Named U.S. Travel Association Chair
Bill Hornbuckle, CEO of MGM Resorts International, was named the national chair of the U.S. Travel Association’s board for a two-year term, succeeding Hilton’s Chris Nassetta.
Thailand Leads Asia's Branded Residences Market With 23% Share
Thailand leads the Asia branded residences market with a 23.3% share, Phuket has the most units, and Singapore buyers dominate the region.
Hyatt Unveils Plans for New Brand Hyatt Select
Hyatt announced Hyatt Select, a new upper-midscale brand, and celebrated the opening of its first Hyatt Studios location.
Can Thailand Can Meet Its Tourism Goals This Year?
Bloomberg Intelligence doubts Thailand's 2025 tourism goals, citing a surge in Chinese flight cancellations and increased travel to Japan instead.
Canada's Average Daily Rates Go Up in January
In January, Toronto hotels charged slightly more than Vancouver’s amid rising rates and lower occupancy nationwide, with Edmonton notably lagging behind.
China's Hotels Had a Weaker Golden Week
China's hotel industry saw mixed performance during the Spring Festival, with some cities thriving despite an overall RevPAR decline, while Japan stood out among overseas destinations.
CBRE Projects U.S. RevPAR Growth of 2% This Year
CBRE predicts steady RevPAR growth of 2.0% in 2025, driven by urban market strength, increased travel, and economic recovery.
Accor and Choice Hotels Report Earnings
Choice Hotels beat earnings expectations due to "other revenues," boosted guidance, and repurchased shares, while Accor reported strong Q4 results, announced a major stock buyback, and considered selling its AccorInvest stake.
Hilton Promises 75 New Hampton Properties in India
Hilton partnered with NILE Hospitality to open 75 Hampton by Hilton hotels in India, expanding its presence in the upper-midscale segment.
U.S. Hotel Project Development Pipeline Reaches All-Time High
The Q4 2024 Global Hotel Construction Pipeline Trend Report shows a record-high global hotel construction pipeline, led by the U.S. and China, and forecasts continued growth through 2026.
Tokyo Leads Hotel Investment in Asia Pacific, Says CBRE
Hotel investment in the Asia Pacific region is rising, with Japan, Singapore, and Australia leading interest, while investors shift focus to upscale segments and await interest rate clarity.