Among the Chain Scale segments, the Upscale segment accounted for the largest portion of rooms Under Contract at 29.2% (162,938 rooms). Upper Upscale followed in rooms Under Contract at 24.6% (136,918 rooms).
Hotels in the Asia Pacific region experienced positive results in the three key performance metrics when reported in U.S. dollar constant currency, according to July 2015 data compiled by STR Global.
Trump Hotel Collection announced yesterday that they have reached an agreement with the MNC Group, Indonesia's leading investment group, to manage a six-star luxury resort and residential development in Bali.
Effective October 1st, Okura Nikko Hotel Management Co., Ltd. will operate three hotel groups, Okura Hotels & Resorts (26 luxury properties in 7 countries), Nikko Hotels International (37 luxury properties in 8 countries) and Hotel JAL City (11 mid-priced properties in Japan).
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