Earnings Dividends & Forecasts

New funding values Airbnb at US$30 billion

Airbnb is in talks for a new round of funding that would value the company at US$30 billion, according to… Read More »New funding values Airbnb at US$30 billion

Lotte IPO delay

Lotte Group’s initial public offering of its hotel unit, which may be South Korea’s largest listing on record, will be delayed… Read More »Lotte IPO delay

Notre Dame of Paris: Stryge and demon, most famous of all Chimeras, overlooking the skyline of Paris at a summer day (composition)

Paris tourism reeling

Already suffering from the impact of last year’s jihadist attacks, tourism in Paris faces a fresh challenge from the recent… Read More »Paris tourism reeling

Tian Tan Buddha (Hong Kong, Lantau Island)

HK hotel staff fear for their jobs

About a third of Hong Kong hotel staff fear they may lose their jobs and about 6 percent feel certain… Read More »HK hotel staff fear for their jobs

Peninsula HK feels the strain

The Hong Kong and Shanghai Hotels, operator of the landmark Peninsula Hotel Group, failed to improve its performance in the… Read More »Peninsula HK feels the strain

American visitors to Cuba surge 93pc

The number of Americans visiting Cuba surged 93 percent year-on-year in the first four months of 2016, the Cuban government… Read More »American visitors to Cuba surge 93pc

M&C cautions over revenue falls

Millennium & Copthorne Hotels cautioned on an uncertain trading environment as hotel revenue fell due to lower occupancy and room… Read More »M&C cautions over revenue falls

TripAdvisor revenue falls

TripAdvisor’s quarterly revenue fell 3 percent, missing analyst estimates, as a rise in hotel bookings on its websites hurt revenue… Read More »TripAdvisor revenue falls

Accor claims largest Asia Pacific hotel pipeline

AccorHotels issues a statement claiming the largest hotel pipeline in Asia Pacific outside of China, with more than 230 hotels… Read More »Accor claims largest Asia Pacific hotel pipeline

Japanese hotel firm targets Taipei

Japanese hotelier Fujita Kanko plans to open a 248-room hotel in Taipei in 2019. It will be Fujita Kanko’s second… Read More »Japanese hotel firm targets Taipei

Sands China results disappoint

Sands China’s shares dropped as much as 4.9 percent on Thursday after the Macau casino operator posted lower-than-expected first-quarter earnings.… Read More »Sands China results disappoint

Visitors to Asia Pacific set to grow 4.6pc

International visitor demand into the Asia Pacific region is forecast to grow at an average rate of 4.6 percent each… Read More »Visitors to Asia Pacific set to grow 4.6pc

China Lodging Group expands

China Lodging Group had 632 hotels in its pipeline as of March 31, 2016, it announced in its preliminary Q1… Read More »China Lodging Group expands

Marriott reaffirms Starwood commitment

Marriott International reaffirmed its commitment to acquire Starwood Hotels & Resorts Worldwide, saying it is confident that the previously announced… Read More »Marriott reaffirms Starwood commitment

Land boost for Japan hotels

Japan’s nationwide commercial land prices rose for the first time in eight years in 2015, driven by expectations that growing… Read More »Land boost for Japan hotels

Starwood accepts Marriott’s revised offer

Marriott International has made a roaring comeback in its battle to build the world’s biggest hotel group, winning Starwood’s green… Read More »Starwood accepts Marriott’s revised offer

The Peninsula and Sheraton Luxury Hotels on the Kowloon waterfront, Tsimshatsui, Hong Kong, China, Asia

Profit fall for Hong Kong and Shanghai Hotels

Hong Kong and Shanghai Hotels, operator of the Peninsula Hotel chain, said its net profit declined by 12.7 percent amid… Read More »Profit fall for Hong Kong and Shanghai Hotels

Erawan Group targets 15pc revenue growth

Thailand’s Erawan Group aims for 15 percent revenue growth this year. It projects an average occupancy rate of 80 percent… Read More »Erawan Group targets 15pc revenue growth