Hotel Transactions in Asia Pacific Hit $5.7 Billion

Skift Take

Hotel transactions in Asia Pacific surged 19% to $5.7 billion in the first half of the year, driven by Japan, with a projected annual total of $11.6 billion, indicating a robust recovery to pre-pandemic levels.

Malaysia's Tourism, Arts and Culture Minister reported that the country recorded 1,185,050 Chinese arrivals from January to May. That is up 194% from last year and was attributed to the implementation of visa-free travel arrangements between Malaysia and China. The Minister has called on airlines to expand their routes between the country and various global destinations.

The Beijing Municipal Bureau of Culture and Tourism said hotels in the city received 9.97 million visitors in July, an average of 320,000 visitors per day. This is 1.43 million more than in July 2023. At the end of 2023, there were 4,925 hotels operating normally in the city, with 435,700 rooms.

This past Saturday, Macau saw a new post-pandemic high of 717,197 people entering and exiting the SAR. That helped push total visitor arrivals for the year over 20 million. This is two months faster than that milestone was hit last year, according to the Public Security Police Force. Average daily vis