Shanghai Land Group acquired Hyatt on the Bund, Shanghai for RMB4.5 Billion.
Asia Pacific hospitality industry update
Key updates in the APAC hospitality industry in January 2022.
Emma Todd named CAO at Wyndham Destinations APAC
The move is designed to support the company’s recent initiative to enhance guest and club member stays with the introduction of a raft of activities at its managed Club Wyndham South Pacific, Wyndham, Wyndham Grand and Ramada by Wyndham resorts.
APAC tourism sector set to recover by nearly 40%
If key measures are followed the sector could restore more than 47 million jobs by 2022.
Marriott appoints new Global Development leadership in Asia
Shawn Hill will take on the role of Chief Development Officer for Asia Pacific (excluding Greater China) and Gavin Yu will become the Chief Development Officer for Greater China.
Profitability in APAC well below pre-pandemic levels
The hotel industries in seven key Asia Pacific markets reported profitability levels well below pre-pandemic levels, with only Beijing above 40% of the 2019 comparable.
Unleash your curiosity
W Hotels collaborates with LUXE City Guides to uncover the hottest hangouts, must-eats, and must-do lists across APAC.
Coordinated restart of tourism across APAC
Tourism leaders from across Asia and the Pacific have met to plan the sector’s restart and recovery even as borders remain closed throughout the region.
Report reveals COVID-19’s dramatic impact on global tourism
COVID-19 pandemic saw Asia-Pacific region suffer the greatest GDP losses America’s the least hit, saved by a strong domestic recovery.
2021 results tracking projections, bright spots to emerge in 2022
The new mid-year revision of the ‘Asia Pacific Visitor Forecasts 2021-2023’ from the Pacific Asia Travel Association (PATA) indicates a hard year ahead in 2021 but with recovery occurring thereafter, albeit in a very uneven fashion.
