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The hotel industry in the Asia Pacific region reported mostly positive results in the three key performance metrics during the first quarter of 2017, according to data from STR. U.S. dollar constant currency, Q1 2017 vs. Q1 2016 Asia Pacific Occupancy: +3.3% to 68.3% Average daily rate (ADR): -0.3% to US$104.00 Revenue per available room…

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The North Korean capital has seven hotels to which foreigners might be allocated; none can be booked through the OTAs. Although Pyongyang is not actually difficult to visit, tourists must be part of a group and are subject to close supervision. Every move is planned and controlled, and selection of the accommodation is the responsibility…

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Article By : Ivar Yuste , a Partner with hospitality consulting firm PHG (www.phghr.com) Last December, Singapore-based Banyan Tree opened its first property in Cuba. This will be the first resort operated in Cuba by an Asian company. The property will carry the Dhawa brand and will feature 516 rooms. This first development is the opening…

 Hilton Worldwide Holdings Inc. (NYSE: HLT) (“Hilton”), HNA Group (“HNA”) and Blackstone (NYSE: BX) announced today that HNA will acquire an approximate 25 percent equity interest in Hilton from affiliates of Blackstone, establishing a long-term strategic investment in Hilton and Hilton’s planned spin-offs of Park Hotels & Resorts (“Park”) and Hilton Grand Vacations (“HGV”). The…

According to Savills report Q3/2016 registered US$2.26 billion worth of investment    transactions, representing a 15.0% increase over Q3/2015 (US$1.96 billion). The number of transactions was also significantly lower. Forty transactions were closed this quarter, while 46 transactions were recorded over the same quarter the previous year. The average transaction price was US$56.4 million, which was…

Between the 22nd – 25th June, 2016, the Lao government played host to an ASEAN ‘Ecotourism’ forum in the Laotian city of of Pakse. The event was a great opportunity for many of the sandal clad, sarong wearing western NGO workers and people in the Ecotourism world to fly in on jets from all over…

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