Chinese domestic market rebounds

Leading Chinese hotel operators are seeing a return to previous levels of business, as 2021 unfolds. But their overseas holdings dragged down performance in the last year, and are still acting as a brake as pandemic lockdowns remain in place.   Fast-growth budget hotel operator Huazhu saw overall net revenues down 9% for the full year, but up 6% in […]

Cross Hotels & Resorts Debuts In Japan With 7-Hotel Deal

In a landmark development for Asia’s hospitality sector, Cross Hotels & Resorts is pleased to announce it has expanded its regional footprint with entry into the Japanese market in a master franchise agreement with AB Accommo Company Limited. The company anticipates a rewarding future initially with seven properties with a total of 844 keys within […]

Fairfield by Marriott to open 6 hotels in Japan by August 2021

Fairfield by Marriott, part of Marriott Bonvoy’s portfolio of 30 extraordinary brands, today announced the planned openings of six new Fairfield properties in Japan. The new hotels slated to open in 2021 are:  Fairfield by Marriott Mie Odai Fairfield by Marriott Kyoto Minamiyamashiro Fairfield by Marriott Tochigi Nikko Fairfield by Marriott Wakayama Kushimoto Fairfield by […]

Mandarin Oriental signs for new hotel in Hangzhou, China

Mandarin Oriental will manage a new luxury hotel in Hangzhou, China. The property is scheduled to open in 2025. Hangzhou is a leading centre of tourism, culture, science and education in the province of Zhejiang, and is undergoing significant expansion and rejuvenation. Mandarin Oriental, Hangzhou will be part of the Westlake 66 mixed-use commercial and […]

The Hong Kong Tourism Board Announces Strategies To Drive Tourism Recovery And Sustainable Development

The Hong Kong Tourism Board (HKTB) announced a series of flexible short-term and medium-to-long-term strategies to prepare for the return of tourists, attract high-yield visitors, and drive the sustainable growth of the tourism industry. “Despite the start of vaccinations against COVID-19 worldwide, the pandemic situation remains volatile and unpredictable,” said HKTB Executive Director Mr. Dane […]

AirAsia calls itself an “OTA challenger” amid big digital travel ambitions

AirAsia is forging ahead with its goal to challenge existing online travel agents in the Asia Pacific via its platform. The company describes itself as an “OTA challenger” and has set itself a target of 50% of revenue on the platform to be from non-AirAsia flights by the end of 2024. AirAsia has been […]

Asset World Corporation And Hyatt Sign Framework Agreement To Develop Hotels In Thailand

Asset World Corporation (AWC), Thailand’s leading integrated lifestyle real estate group and Hyatt Hotels Corporation (NYSE:H), today announced their affiliates have signed a Framework Agreement for the development and management of new hotels under various Hyatt brands in locations across Thailand. The Framework Agreement outlines the expected development of more than 1,000 new rooms across […]