Read the latest news from around the Asia Pacific region.

During Hilton’s fourth quarter earnings call, the company reported its performance has neared 2019 levels, with revenue per available room down 13.5% for the quarter and 30% for the full year, writes HNN’s Stephanie Ricca.

Omicron weighed on regional hotel performance, most heavily in Asia-Pacific, said Kevin Jacobs, chief financial officer and president of global development. RevPAR fell 24% in China during the quarter compared to the same period in 2019 due to COVID-related restrictions.

Wyndham Hotels & Resorts reported during its recent fourth quarter earnings call that its hotel revenue has already surpassed its pre-pandemic levels, reports HNN’s Robert McCune. Wyndham Chief Financial Officer Michele Allen said all international regions experienced significant sequential improvement from the third quarter despite COVID-19 spikes and new variants.

"Recovery in China continued to moderate during the fourth quarter at 77% of 2019 levels, as a result of sustained lockdowns, and we anticipate that this trend will continue until restrictions are once again lifted following the Beijing Olympics," she said.

Marriott International reported during its fourth quarter earnings call that its performance neared the benchmark year of 2019, writes HNN’s Bryan Wroten. With the exception of Greater China, each of Marriott’s international regions posted sequential RevPAR recovery from the third quarter.

In Greater China, RevPAR declined 27% in the fourth quarter compared to 2019, which was in line with the decline in the third quarter due to the country’s COVID-19 policies and lockdowns of several cities, Marriott CEO Tony Capuano said.

In its recent fourth quarter earnings call, MGM Resorts International executives said that despite choppiness in the Macau’s operating environment, MGM China achieved a record 14% in market share, reports HNN’s Bryan Wroten.

“Travel restrictions are still the greatest bottlenecks to a more meaningful recovery in the region, but we remain encouraged by the clear signs of demand for our offerings,” Chief Financial Officer Jonathan Halkyard said. “In fact, for the recently ended Chinese New Year holiday period, total visitor counts to our properties were up 30% over the prior year, with our mass segment showing healthy year-over-year growth and recovery.”

• Japan's Seibu Holdings agreed to sell 15 Prince hotels and 16 leisure properties to Government of Singapore Investment Corporation for 150 billion Japanese yen ($1.3 billion).
• Singapore-based Genting Singapore Limited will refurbish its Hard Rock Hotel Singapore, Hotel Michael, Festive Hotel and convention center in Resorts World Sentosa as part of a 400 million Singapore dollar ($297.3 million) upgrade.
• Singapore's Eagle Hospitality Trust sold the 292-room Hilton Houston Galleria for $14 million.
• The 2,561-room Marina Bay Sands Resort in Singapore will receive a $1 billion renovation.
• Hong Kong-based Shimao Group Holdings sold the Hyatt on the bund in Shanghai to China's Shanghai Land Group for 4.5 billion Chinese yuan ($711.3 million).
• Singapore's Well Smart International Investment sold the Ibis Budget Melbourne CBD to Australia-based Capit.el Group for approximately 25 million Australian dollars ($18 million).
  
• Sydney-based Universal Hotels Group acquired the 15-room Bats & Ball Hotel for 10 million Australian dollars.

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