Thailand's regional markets are booming, MO signs Zurich, AirAsia Group confident of returning stronger post pandemic despite setbacks in its overseas units and tenancy reimagined.

Thailand's regional markets are booming
Wednesday, 25th November 2020

While the country’s doors remain firmly shut to international tourists, Thailand’s domestic travel wanderlust has turned Khao Lak into an Instagram hero.

With the COVID-19 lockdowns occupancy plunged in April and May, but as domestic travel re-started mid-year on the back of government-initiated 'We Travel Together' incentive, the destination has slowly but surely gained traction from both fly and drive-in Thai markets >>

MO signs historical hotel in Zurich
25 Nov 2020 : Mandarin Oriental Hotel Group announced that it will manage and re-brand the historic Savoy Baur en Ville hotel in Zurich, from 2024 >>

Hyatt grows Thompson Hotels brand with opening of Dallas
25 Nov 2020 : The first Thompson Hotels property in Texas opens in restored $460 million historic downtown building, The National and celebrates with exclusive David Yarrow Exhibition >>

News from around the APAC region
25 Nov 2020 : Hotel industry and travel news from around the Asia Pacific region: South Korea to boost investment and tourism in Central Vietnam, Odyssey Capital launches second Japan hospitality fund and more >>

China’s hotel pipeline continues to remain robust
25 Nov 2020 : According to the latest China Construction Pipeline Trend Report, China’s total hotel construction pipeline remains robust at 3,409 projects/634,119 rooms, up 1% by projects and rooms year-over-year (YOY) >>

HIGHLIGHT ARTICLE

AirAsia Group Confident of Returning Stronger Post Pandemic Despite Setbacks
Wednesday, 25th November 2020

AIRASIA Japan, a unit of Malaysia-based AirAsia Group (33% stake), which shut down its operations October 5, filed for bankruptcy.

Despite these setbacks the group remains 'confident of returning stronger, more robust and faster than many competitors in this new world of travel.' >>

Asia Pacific Hotel Market Update
Average hotel occupancy in Asia Pacific recovered to 51% in October 2020, most countries’ effective containment of the pandemic will lend support to a regional economic recovery in 2021 >>

Tenancy Reimagined
The way forward may well be the membership ecosystem, which can break down the rigid siloes between working, dining and relaxing and creates a feature-rich workplace experience that is powered by technology and an enabler of flexibility >>

In case you've missed it: Global eNews of November 24, 2020
Full recovery still unlikely until 2024, APAC reports its best performance, the 8-point cross border ecommerce consumer journey and how your LinkedIn is ruining your hiring chances >>