CapitaLand Deals Underscore Japan's Hospitality Boom
Skift Take
Tokyo Tatemono and The Ascott Limited will launch SEN/KA TOKYO, marking The Crest Collection's debut in Japan in 2029, while CapitaLand's strategic investments in Japanese hospitality signal robust growth opportunities.
From January 1 to December 7, Macau welcomed more than 32.5 million visitors, up 25.7% from the same period in 2023 and a recovery of 88.1% from the same period in 2019. Cumulative cross-border trips surpassed 200 million in that period, up 9.4%. That includes visitors and people living in Macau. Macau officials predict 35 million visitors will arrive next year.
Thailand's MICE industry had a 42% rise in overseas MICE travelers in fiscal 2024 – October 2023 to September 2024. That totaled 1.16 million travelers, just missing the record high of 1.2 million travelers achieved in 2019. The Thailand Convention and Exhibition Bureau is expecting to surpass that in 2025, pointing to a series of large-scale international events. In fiscal 2024, the top market sources included China, India, Malaysia, Vietnam, Korea, Singapore and Hong Kong. Germany, the UK, Russia, France, and Italy were the
