Wyndham's Record Room Growth in Asia Pacific
Skift Take
Wyndham Hotels & Resorts achieved record growth in Asia Pacific in the first half of 2024, signing over 120 hotels and opening 74 new ones, with an 8% year-on-year net room growth.
Thailand's Council of State surprised everyone by releasing a detailed draft of the casino law. It was confirmed that the casinos would have to be part of a larger Entertainment Complex that includes a MICE area, amusement park and other facilities, a basic Integrated Resort. Potential locations named to host the Entertainment Complexes include Greater Bangkok, Phuket, Chiang Mai, and Chonburi (Pataya). They would be established within 100 kilometers of major airports with an investment of at least $283 million. Following the Singapore model, Thailand will have a reasonable entry levy for Thai nationals. Once the Cabinet approves, the bill will go for debate and amendment in Parliament. We have a feeling that 17% tax on casino gross gaming revenue may be up for debate as being low compared with Macau, Singapore and other successful gaming markets.
Thailand appears to be eager to beat Japan to the punch with new casinos. While MGM/Orix do not p
