Is a cloud of pessimism hanging over Asian hotels?, Hyatt announce plans for new hot spring Ryokan brand and more...

Is a cloud of pessimism hanging over Asian hotels?
Tuesday, 28th May 2024

The sentiment across Asia-Pacific hoteliers seems to be turning downward, but hotel performance data isn't following that trend quite yet, according to STR's Jesper Palmqvist.

The weaker-than-expected performance in China around the Golden Week and Labour Day holidays is a big part of that sentiment shift, which is unwelcome news for the many international destinations still awaiting the return of outbound Chinese travelers >>

Hyatt announce plans for new luxury hot spring Ryokan brand in locations across Japan
28 May 2024 : The first round of funding secured 10 billion yen for the Atona Impact Fund >>

Mama Shelter is heading for Cape Town
28 May 2024 : Ennismore and Kasada sign the first Mama Shelter Hotel in South Africa, marking a major milestone for Ennismore as its first hotel signing in the country >>

IHG adds 380+ rooms to its Staybridge Suites in Europe
28 May 2024 : IHG Hotels & Resorts announces its growth in the European upscale extended stay segment with the signing of Staybridge Suites Budapest - Parkside, Hungary; Staybridge Suites Antwerp, Belgium; and Staybridge Suites Belfast, Northern Ireland >>

HIGHLIGHT ARTICLE

The Clock is Ticking on TikTok – How Employers Can Prepare for TikTok Ban
Tuesday, 28th May 2024

Employers and businesses are in limbo on how to prepare for a post-TikTok world after Congress passed legislation giving the social media app’s Chinese owner nine months to either sell the company or be banned throughout the country.

TikTok’s parent company, ByteDance, has been clear that a sale is not on the table and pushed back by filing a May 7 lawsuit claiming the law is unconstitutional >>

The Ultimate China’s Consumers Report 2024
Everything brands need to know to breakthrough and dominate the Chinese Market in 2024, our China Consumers Report is the ultimate guide to success in China in 2024 >>

In case you've missed it: Global eNewsletter of May 27, 2024
HSMAI revealed the hot topics shaping the future of the hospitality sales industry, Accor introduces new rewards program and more >>