According to STR analysts, Singapores decline in ADR can be attributed to an overall slowdown in economic growth. However, arrivals to the market remain strong, up 14.1% year to date through April, according to the Singapore Tourism Board. As a result, occupancy levels continue to grow, albeit marginally.
Owned by China Yintai Holdings Co., Ltd, Sheraton Grand Hangzhou Binjiang Hotel is recognized for its spectacular views of the city and the Qiantang River and its premium location.
The hotel, located at 161 Sussex Street and previously part of the Four Points by Sheraton brand, will be rebranded to Hyatt Regency Sydney at midnight on November 30, 2016, marking the Hyatt Regency brands return to Sydney.
Shanghai Disney Resort celebrated the global premiere of the first Mandarin production of Disney's THE LION KING Tuesday night in a gala affair at the Walt Disney Grand Theatre. The premiere launched the Grand Opening festivities for the new resort, which officially opens on June 16.
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