China

The Royal Thai Government is granting temporary tourist visa exemptions to Chinese and Kazakhstani passport holders from September 25, 2023, to February 29, 2024, to boost tourism revenue. Macao expects a high number of visitors during the upcoming Golden Week, with hotels projected to have near-full occupancy due to the Mid-Autumn Festival and National Day Holiday. Galaxy Macau has opened Andaz Macau, the largest Andaz hotel in the Hyatt brand's portfolio, featuring 700 rooms, artworks, and a direct connection to the Galaxy International Convention Center and Galaxy Arena.

China's hotel industry saw a significant year-over-year increase in RevPAR, up 58.1% compared to a decline in the previous year. Hong Kong's tourism sector experienced a gradual recovery, with August visitor arrivals reaching 84% of pre-pandemic levels. Wharf Hotels introduced Maqo, a new premium lifestyle brand, expanding its portfolio and aligning with its "25 by 2025" growth vision. Maqo's inaugural hotel will be in Changsha, China, and it aims to provide unique, edited experiences for its guests.

Singapore's August visitation decreased by -7.8% compared to July, with 1.31 million visitors. Total eight-month arrivals remain nearly -30% lower than 2019. Accor SA aims to sign approximately 125 hotel partnership projects in China this year, with plans to introduce the Orient Express brand. Hilton plans to expand its Hilton Garden Inn brand throughout the Asia Pacific region, with a new regional room prototype introduced in Australia and New Zealand.

China hotel RevPAR increased by 30.7% YoY but was down by -6.8% compared to 2019. South Korea aims to attract 1.5 million Chinese tourists, lifting group visit bans with incentives. H World Group refines strategy for post-pandemic tourism in China, focusing on quality growth and lower-tier cities.

Foreign arrivals in the Philippines reached 3.3 million in the first eight months of 2023, approaching the government's annual goal of 4.8 million. South Korea was the top source of inbound tourists. Trip.com Group reported robust recovery in domestic and international business in 2Q23, with strong growth in domestic hotel bookings in China. However, outbound hotel and air reservations remained down compared to pre-Covid levels. Wyndham Hotels & Resorts signed three new agreements with Indonesia Hospitality Group, expanding its presence in Indonesia. This follows the earlier launch of the Howard Johnson by Wyndham brand in Indonesia.

China hotel RevPAR increased by 50.4% YoY, outperforming a 48.2% comparison and growing 19% compared to 2019, driven by strong recovery. Thai hotels, especially those with three stars or less, faced severe impact from interest rate hikes, uncertain tourism outlook, and competition, prompting calls for regulatory changes. New luxury hotels are opening in historic Japanese and Vietnamese destinations, while major hotel chains like Accor and Melia are expanding their portfolios in Singapore and Vietnam. Additionally, Meriton Suites is expanding luxury offerings across Australia.

Q2 '23 saw 14,572 global hotel projects. Luxury and upscale chains dominate, led by Hilton, Marriott, and IHG. Urban hotels lag in post-pandemic recovery compared to resorts and suburban counterparts, with rate management playing a vital role. Notable new hotels, rebranding, and appointments are taking place, with Hilton, Riu Caribe, Choice Hotels, and Sonder making moves. London's Broadwick Soho hotel is set to open with unique additions.

China's hotel RevPAR rose 44.3% in a week, compared to a strong 89.7% rise a year ago. RevPAR also increased by 12.3% compared to 2019. Vietnam's flexible economy attracts investors despite short-term challenges. M&A deals increased, supported by lowered interest rates, with a positive medium-term outlook. Macao's daily visitor arrivals exceeded expectations in August, reaching 139,000 in a day. Hotel occupancy rates rebounded, hosting numerous MICE events, and a new Andaz hotel is set to open.

Pebblebrook Hotel Trust warns of 3Q impact from Tropical Storm Hillary. CoStar's July 2023 report shows mixed U.S. hotel performance. Global travel deal activity down -35.7%. Travel & Tourism investment grows 11.1% in 2022, below 2019 levels. WTTC forecasts 11.5% growth in 2023, warns of challenges from interest rate hikes. Ashford converts hotel, St. Joe builds new property. Personnel changes across industry, Alberto Pirozzini joins Pellicano Hotels as COO.

China has a hotel construction pipeline of 3,666 projects with 678,965 rooms. Mid-level upscale and upper midscale projects are active. Hilton, IHG, and Marriott lead the franchise companies. Vietnam's luxury hotel supply grew 6.2% in H1 2023, with 235 five-star and 354 four-star hotels. The country served 4.3 million overnight visitors. Accor plans 10+ new hotels in India and supports unbranded hotels with the Cozzet Collection.