Absolute Hotel Services

The Laurus has joined the Luxury Collection brand as the first property in Singapore. And more hotel deal news.

Asian hospitality updates: Macau hotel occupancy rises, new openings in China/Japan, casino developments across region.

Recent hotel industry updates include new properties, international tourism growth, and executive appointments across Asia-Pacific and India.

Ayala Land Inc. plans to invest over $500 million in expanding its hotel portfolio to 8,000 rooms by 2030, focusing on new developments, international partnerships, and upgrading existing properties.

Italpinas Development Corp is partnering with Dusit Hotels to open Dusit-branded hotels in Mindanao by 2029, while Dusit also announces the soft opening of its first Malaysian hotel in Melaka on December 7.

Melbourne's hotel performance in October surged due to concerts by Olivia Rodrigo and Coldplay, the Melbourne Marathon, and Melbourne Fashion Week, with occupancy, ADR, and RevPAR reaching record highs.

Melbourne has experienced a 21% increase in hotel rooms since 2019, with 22 new hotels and a rise in occupancy rates, making it the top city in Australia for interstate overnight trips.

Fitch Ratings projects China outbound tourism to the Asia Pacific region will recover to 86% of pre-Covid levels in 2024, with full APAC tourism recovery expected by the first half of 2025.

Six Senses Kyoto, the brand's first urban hotel in Japan, has opened in Kyoto's Higashiyama district, featuring 81 rooms and suites, a spa with unique treatments, and diverse dining options.

The report outlines growth in hotel construction in the Asia Pacific region, highlighting leading countries and cities outside China and forecasts for new hotel openings. The Maldives sees significant international tourist numbers from Russia, India, and China, while Thailand explores controversial plans involving Chinese police presence at tourist spots. Various hotel chains including YOTEL, Radisson, Katrina Group, and Sage Hospitality announce new projects, expansions, or management agreements across Asia Pacific regions.