At the end of Q1 ‘22, China’s total hotel construction pipeline reached record high project and room counts.
Hotel grew revenue by almost 9Million RMB with IDeaS
IDeaS Consulting helps build revenue culture within the International Youth Convention Hotel leading to revenue growth of 8.64Million RMB.
Asia Pacific hospitality update – Week ending 25 March 2022
Ascott Acquires Two Properties in Ningbo China and Amsterdam for around USD190 million.
China Tourism sector could reach CNY 11 trillion this year
Sector’s contribution to the GDP could be just 5.2% behind pre-pandemic levels.
China hotel rates higher than 2019 level during Lunar New Year
Mainland China’s hotel industry surpassed its 2019 comparable in Lunar New Year ADR even with substantially lower occupancy.
China’s hotel construction pipeline closes 2021 at record high
China’s total hotel construction pipeline at the end of the fourth quarter was up 9% by projects and rooms year-over-year.
APAC hotel construction pipeline ends 2021 with record highs
Asia Pacific’s total construction pipeline, excluding China, ended 2021 with Project counts up 5% year-over-year.
Conrad Hotels & Resorts debuts in Shanghai
Conrad Shanghai is poised to herald a new era of modern luxury in Shanghai.
Mandarin Oriental Shanzhen opening soon
Mandarin Oriental, Shenzhen, the Group’s newest luxury hotel in China’s Greater Bay Area, is scheduled to open on 20 January 2022.
Dusit signs Dusit Thani Tianmu Mountain Hangzhou
Dusit Thani Tianmu Mountain, Hangzhou is slated to open in 2Q 2022.
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