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457. Sofitel Luxury Hotels Expanding Portfolio in Asia Pacific
Sofitel Luxury Hotels Expanding Portfolio in Asia Pacific. Since the announcement three years ago of its move upscale, more than 80 hotels have left the Sofitel Luxury Hotels network from the original count of over 200 hotels. Together with the introduction of two sister brands, Sofitel Legend in 2009 and Sofitel So in 2010, Accor believes that Sofitel Luxury Hotels is now in a str
458. Reed Travel Exhibitions appoints Ian Dockrill as Director of Global Industry Relations & Str
Reed Travel Exhibitions appoints Ian Dockrill as Director of Global Industry Relations & Strategic Development
459. Smith Travel Research launches Hotel Data Conference
Smith Travel Research launches Hotel Data Conference. Smith Travel Research is to hold an Hotel Data Conference scheduled for August 4-5, 2009 in Nashville, Tennessee. The inaugural two-day conference will include presentations from the leading data providers and will cover issues affecting the industry while providing important hotel market data and useful performance benchmarking
460. 458 Hotels Comprising 82,476 Rooms Opened in Asia Pacific in 2012
Among the Chain Scale segments, the Upscale segment opened the most new rooms with 17,050 rooms in 79 hotels, followed by the Upper Upscale segment (45 hotels with 15,463 rooms) and the Economy segment (156 hotels with 14,194 rooms). The Midscale segment (33 hotels with 7,253 rooms) and the Upper Midscale segment (34 hotels with 7,031 rooms) added the fewest number of new rooms.
461. Hotels in Asia Pacific Report February 2016 Increase in ADR, OR and RevPAR
Compared with February 2015, hotels in the Asia Pacific region reported a 0.3% increase in OR to 64.2%, a 0.6% rise in ADR to US$109.42 and an 1.0% increase in RevPAR to US$70.28. Indonesia experienced a 2.5% increase in occupancy to 56.3% but decreases in ADR (-4.7% to IDR 1,045,671.00) and RevPAR (-2.3% to IDR 588,469.78). Hong Kong reported decreases across the three key perform
462. Airbnb Represents Significant Share of Accommodation Market in London
When looking at the overall number of hotel rooms and Airbnb listings by borough, Westminster holds 27% of all London hotel rooms and 17% of all Airbnb listings. The three largest boroughs (Westminster, Camden, and Kensington and Chelsea) combine to hold 51% of Londons hotel supply and 38% of Airbnbs listings. Notably, 11% of Airbnbs London listings are in Hackney, while only 1%
463. Hotels in Asia Pacific Report Q1 2018 Increase in ADR, OR and RevPAR
In local currency, Q1 2018 vs. Q1 2017, hotels in Hong Kong reported a 3.8% increase in Occupancy to 90.1%, ADR increased by 10.7% to HKD1,482.02 while RevPAR jumped 14.9% to HKD1,335.10.
464. Hotels in Asia Pacific Report May 2016 Decline in ADR and RevPAR
Compared with May 2015, hotels in the Asia Pacific region reported nearly flat occupancy (+0.1% to 67.6%), ADR was down 1.8% to US$95.50, and RevPAR dipped 1.7% to US$64.57. Indonesia posted increases in occupancy (+7.2% to 64.5%) and RevPAR (+5.4% to IDR641,737.24). ADR in the country was down 1.7% to IDR995,519.71. According to the Indonesia Ministry of Culture and Tourism, touri

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