Seven trending hotel news stories from the APAC region that will have an impact on your hotel Revenue Strategy.
1. Hotel construction in Asia up
STR’s July 2017 Pipeline Report for Asia Pacific shows 626,535 rooms in 2,834 hotel projects under contract, representing a 7% increase in rooms under contract compared with July 2016. Three key markets reporting more than 5,000 rooms under construction include Shanghai, Jakarta and Chengdu.
Full story at Hotel News Now.
2. Understanding the APAC traveller: Amadeus report
Amadeus released what it touts to be its most comprehensive study to date, involving interviews with 6,870 respondents in 14 key Asia Pacific markets. “Amadeus Journey of Me Insights: What Asia Pacific Travellers Want” is a data-driven look at the world’s largest travel market, Asia Pacific.
Full story at Web In Travel.Hotel rooms under contract to be built up 7%, plus six more hotel revenue strategy news articles. Click To Tweet
3. Korea’s first lifestyle hotel-plex opens
Korea’s first “lifestyle hotel-plex,” Seoul Dragon City, will open 1 October, featuring four AccorHotels brands, 1,700 rooms, 11 restaurants and bars, 17 meeting rooms, two multi-function grand ballrooms, and a world first: four full floors of entertainment in a Sky Bridge suspended between two of the towers. Featuring four distinct AccorHotels brands ranging from luxury to economy, Seoul Dragon City will cater to every demographic.
Full story at HospitalityNet.
4. Marriott enters JV with China’s Alibaba
Marriott has entered into a joint venture with Chinese e-commerce giant Alibaba Group, capitalising on the travel boom out of China which sees no signs of abatement. Chinese consumers will take 150 million trips — 15 million more than last year — and that number is expected to jump to 700 million trips over the next five years.
Full story at Lodging Magazine.
5. Australia’s Art Series Hotel Group acquired by Mantra
Mantra Group has acquired the Australian-owned Art Series Hotel Group for approximately $52.5 million (excluding transaction costs), subject to customary completion conditions.
The acquisition will see seven luxury hotels added to Mantra Group’s portfolio of 128 properties and more than 21,500 rooms in properties under management across Australia, New Zealand, Indonesia and Hawaii.
Full story at 4Hoteliers.com.
6. Ascott makes new investment, now largest in Singapore
Ascott, with its recent investment of S$170.3 million, through its serviced residence global fund with Qatar Investment Authority in the serviced residence component of the Funan integrated development, has become the largest serviced residence operator in Singapore.
Full story at 4Hoteliers.com.
7. Digital travel sales in India booms
Digital travel sales in India will total $22.52 billion in 2017, up 33% over the previous year, according to eMarketer’s latest forecast on worldwide digital travel sales. Online travel agencies such as MakeMyTrip and Yatra have not only managed to overcome the impact of demonetization, but have also capitalized on the changes to the currency laws. As a result, consumers in India have embraced buying their travel tickets online.
Full story at eMarketer.
Stay up on hotel Revenue Strategy news and discuss industry tech trends in the Hotel Revenue Strategy Leaders Group on LinkedIn.
RELATED APAC HOTEL REVENUE STRATEGY ARTICLES
- Are Hotels Using Big Data To Their Advantage?
- Boom Times In Australia, New Zealand Are Right Time For Hotels To Bolster Pricing Power
- Hotels’ Time To Talk About Chatbots Is Right Now
Latest posts by Vera Lye, Contributing Editor, APAC (see all)
- Remember that not all APAC travelers are the same - November 21, 2017
- IHG Bringing Even, Kimpton to APAC Markets - October 31, 2017
- How Technology Helps Tank Stream Hotel’s GM Also Run Revenue Strategy - October 5, 2017
Tags: 1:1 marketing, APAC, APAC hotels, asia hotel overview, asia hotel revenue strategy, asia hotel strategy, asia hotel update, asia hotels, big data, boost bookings, Duetto, hospitalitynet, hotel distribution, hotel pricing, Hotel Revenue Management, hotel revenue strategy, hotel sales and marketing, hotel technology, hotel yielding, Personalization, RMS