Asia Hotel Market News
Accor Readies Vietnam Expansion
Accor announced its strategic expansion plans for Vietnam. This plan includes additional hotels within the Novotel, Mercure hotel brand, launching of the ibis brand and MGallery label and the ambitious goal of doubling the number of rooms under management in the Vietnam by 2012.
Hotels in Asia Pacific Lead Global Occupancy Recovery
According to data compiled by STR Global, hotels in the Asia Pacific region experienced increases in all three key performance metrics for January 2010 when reported in U.S. dollar. In year-on-year measurements, the Asia Pacific region’s OR rose 13.9% to 61%, ADR increased 5.6% to US$130.75, and RevPAR jumped 20.3% to US$79.81.
Life Resort Danang Eyes April 4 Launch on Storied China Beach
First Hotel on the Hoi An-Danang Strip Marks a Reawakening in the Region
BTN spotlight: Charles de Foucault, AYANA
Charles de Foucault is the General Manager of Bali’s incredible AYANA Resort and Spa, where sumptuous luxury blends with nature to create the ultimate escape from the stresses of modern living. So what goes into creating a resort where guests feel they are the only people on earth? BTN delves deeper.
STR Global posts June 2009 results for Asia/Pacific region
Hotels in the Asia/Pacific region experienced double-digit decreases when reported in U.S. dollars for all three key performance metrics for June 2009, according to data compiled by STR Global.