LONDON – Hotels in the Asia Pacific region recorded positive April 2016 results in the three key performance metrics when reported in U.S. dollar constant currency, according to data from STR.
Compared with April 2015, the Asia Pacific region reported a 2.0% increase in occupancy to 70.5%. Average daily rate was up 1.5% to US$102.34. Revenue per available room rose 3.6% to US$72.13.
Performance of featured countries for April 2016 (local currency, year-over-year comparisons):
Japan experienced relatively flat occupancy performance (-0.6% to 83.3%), […]
As a hospitality market, Malaysia is as complex as it is compelling. Vibrant, pulsating and full of potential, it has soared over recent years in the upscale tiers. Now it is facing a period of change.
The opportunism and entrepreneurialism that has defined the market faces a less certain future as the issue of oversupply looms.
Its an understandable concern when you look at the numbers. With almost 1,000 hotels in KL, including more than 400 budget hotels, totalling around 56,000 rooms, […]Read more
Famous for not doing things in halves and boasting the biggest lineups each and every night they are open, Hakkasan has stamped their authority on the nightlife market both in the US and globally. Securing the services of artist such as Tiesto, Hardwell & Calvin Harris as their resident DJS is just a part of their operation since opening in 2013.
As the company continues to grow Hakkasan Group’s CEO Neil Moffitt has told Vegas Seven the club will be continuing […]Read more
Hyatt and Boutique Corporation Ltd. announce the opening of Hyatt Place Phuket, Patong on the island of Phuket, Thailand. The 161-room beachside hotel marks the first Hyatt Place hotel in Southeast Asia, and features the Hyatt Place brand’s stylish design, casual atmosphere and practical amenities such as free Wi-Fi and 24-hour food offerings.
The Hyatt Place brand is rooted in extensive consumer insights indicating that guests seek stylish, comfortable, seamless experiences that accommodate their lifestyles and familiar routines. To embody this, […]Read more
A 5-Star Hotel in Bogor Ciawi, Royal Tulip Gunung Geulis Resort & Golf is the perfect place for good golf and a great holiday. Royal Tulip Bogor Hotel offers offers 173 luxury hotel rooms with a sweeping vista and fresh mountain air. The sprawling 450 hectares of mountain terrain blends naturally into the golf course, giving an ambience that is both tranquil and rewarding.
Gunung Geulis, (meaning beautiful mountain in the Indonesian language,) rises to an elevation of 500 meters above […]Read more
The Golden Tulip Bay View Hotel and Convention Center is now open for business.
Louvre Hotel International – the owner of the 270-room hotel – hosted the inauguration of the new hotel on May 9, 2016, attended by the Indonesian Minister of Tourism, Arief Yahya.
Also in attendance was Phileas Law, Senior Vice President Louvre Hotels Group China and Edhiyanto, CEO of Selaras Holdling – the owning company of PT Tunas Cahaya Dewata.
The Golden Tulip Bay View Hotel and Convention Center is […]Read more