Lifestyle Concepts Group Ltd’s Post

Macau recorded an average hotel occupancy rate of 85.5 per cent for the first eight months of 2024 – up 4.6 percentage points compared to last year.

Macau recorded an average hotel occupancy rate of 85.5 per cent for the first eight months of 2024 – up 4.6 percentage points compared to last year.

The total number of hotel rooms in Macau has risen to 47,000 in June, a yearly increase of 9.1 percent. According to the most recent data from the SAR’s Statistics and Census Service (DSEC), some 143 hotel establishments were operating in the city in June, up by 12 yearly.

International brands to manage new hotel projects in Hanoi In 2024, Hanoi is set to welcome an additional 68 hotel projects, with approximately 12,115 rooms. It is noteworthy that a five-star hotel is expected to commence operation this year, adding 207 rooms to the market. For the 2025-2026 period, the market is projected to supply 3,035 rooms from 12 new projects. Five-star hotels will dominate, accounting for 77% of the supply, and the rest are four-star. According to Savills, the inner-city area is expected to make up 41% of the total new supply, equivalent to 5,027 rooms from 22 projects. International brands such as Hilton, Fusion, Accor, and Four Seasons are to manage 66% of the new supply, while the remaining 34% will be overseen by domestic management units, offering travelers a diverse range of brand options. Thanks to stimulus programs, the local tourism sector recorded positive growth in the third quarter, with total revenue reaching approximately 81.93 trillion VND (3.24 billion USD)—an increase of 18.5% year over year. During this period, the city welcomed 21.1 million visitors, up 11.7% year-on-year, among them 4.4 million international visitors, a 40.8% year-on-year rise. Read more: https://lnkd.in/gS6fqeRe

German hotel group Deutsche Hospitality has officially rebranded, aligning it with the name of its Chinese parent company. The announcement of the new H World International comes as the group reveals it is already acting on plans to take more of the Deutsche brands into new international markets. #DeutscheHospitality #Rebranding #hospitalityindustry #hotelindustry #hotelprojects #hoteldevelopment #hotelnews

HOTEL MARKET UPDATE SEP/24 👉 RevPAR increased significantly in Stockholm in July compared to the same month in 2023, while it sharply decreased in Gothenburg. 👉 The hotel market statistics for Sweden in July 2024 were practically identical to July 2023 for the main key metrics. The number of rooms sold increased by almost 2 percent while occupancy rate, ADR and RevPAR remained the same. 👉 However, we saw larger variations among the 25 largest hotel municipalities in Sweden. Gothenburg for example saw a 2.1 percent increase in the number of rooms sold despite the fact that there were no concerts at Ullevi. Stockholm and neighboring municipality Solna saw single-digit increases in the number of rooms sold and occupancy rate and larger increases in ADR and RevPAR. 👉 Furthermore, none of the Nordic countries and capitals saw a decrease in any of the main key metrics compared to July 2023, nor were there any significant increases. 👉 Please read the full report here: https://buff.ly/3ZlMa0n #annordia #hotels #markettrends

JLL Q1 Bangkok Hotel report “More than 1,100 new rooms in Q1 2024 Five new hotels opened in the first quarter, adding a total of 1,144 rooms to the existing supply in Bangkok. The midscale segment represented the majority of the new opening, with three hotels representing almost 87% of the new rooms. The most notable midscale project is the Moxy Hotel Bangkok Ratchaprasong which alone add more than 500 rooms to the market. As a result of multiple delayed projects with the pandemic, Bangkok is expected to count 4,950 new rooms at the end of 2024. Notable projects include the 512-key Grande Centre Point Lumpini, the 456-key Eastin Hotel Harbour Bangkok, and the 332-key Queenland Hotel Bangkok.” https://lnkd.in/eBNi823i

Budapest May Add 22 Hotels and 3,000 Rooms in 5 Years The hotel and hospitality sector is once again regarded as an attractive development and investment option. Hungary, and particularly Budapest, is seen as a popular tourist destination, with guest nights in the capital set to return to and exceed pre-pandemic levels. #Hungary #Hotel #Business #Hospitality Check out our article below to see what the future prospects of the hotel industry in Hungary look like:

Excited to share our latest case study showcasing the successful implementation of the Hoteza Guest App at the prestigious Strand Palace Hotel. Discover how this innovative solution revolutionised guest experiences and learn why the Hoteza Guest App is a must-have for any modern hotel. Click the link below to dive in! 👇 #hospitality #hoteltechnology #guestexperience #webapp #hotels

Macau Hotels Receive 1.15 Million Guests in April In the month under review, the territory had 143 hotel establishments, 13 more than in the same period last year, offering 47,000 rooms, according to a statement from the Statistics and Census Services Directorate (DSEC). In April, the average occupancy rate of hotel guest rooms stood at 83.3%, up four percentage points year-on-year, the DSEC said in the same press release. Of the total of 1,159,000 guests, 823,000 arrived from mainland China, or 11.8% more year-on-year, while those from Taiwan (34,000) and South Korea (24,000) rose 96.1% and 245.2% respectively. The number of guests from Hong Kong (165,000) fell by 35%. In the first four months of 2024, the average occupancy rate of hotel rooms was 84.5%, 8.4 percentage points more than in the same period last year. At that time, hotel establishments hosted around 4.93 million people, 29.8% more than in the same period in 2023. The Chinese special administrative region received 11.47 million visitors between January and April this year, an increase of 58.9% year-on-year, according to DSEC data. https://ift.tt/5QmFXi1