Hyatt Plans 90 Asia Pacific Hotels Over 5 Years
Asia hotels report: India down 20% because of spring jitters. Across APAC, Hyatt, Hilton, and IHG expand with 90+ properties.
Asset World Public Company Limited
Vietnam to Get $1.6 Billion Coastal Resort and New Five-Star Hotel
Vingroup Corporation started construction of Lang Van resort at the foot of Hai Van pass (DaNang, Vietnam) with an investment capital reported at about $1.6 billion USD.
Thailand Hotel Investment to Grow This Year, Says JLL
Thailand's hotel investment market is poised for continued growth in 2025, following a report of record-breaking THB 22.3 billion in transactions for 2024.
Asset World Partners With Melia in Thailand
Asset World Corp partnered with Melia Hotels International to open the 234-room Melia Pattaya Hotel as part of a 30 million baht investment in Pattaya, featuring eco-friendly development, job creation, and luxury amenities.
Five-Star Hotels in Macau Lead Occupancy Rates at 88.6%
Macau's hotel occupancy rate rose to 86.4% in 2024, with five-star hotels leading at 88.6%, despite a decline in available guest rooms.
Hotel Okura Signs Deal for Two Thailand Properties
Hotel Okura Co. Ltd. and Asset World Corporation have signed a new management agreement to open two Okura-branded hotels in Thailand by 2028, expanding Hotel Okura’s Thai portfolio to seven properties.
Oyo in Talks to Raise up to $90 Million
Oyo is seeking to raise $80-$90 million from InCred's family offices at a reduced valuation to pay off debt and refile for an IPO.
Thailand’s PM Pushes for Six-Nation Visa for Southeast Asia
Thailand's Prime Minister proposes a six-nation visa to enhance regional tourism, potentially extending visa validity to 90 days, with a target of 80 million foreign tourist arrivals by 2027.
New Four Seasons Properties in Dalian, China and Okinawa, Japan
The all-new Four Seasons Hotel Dalian is the first international luxury brand to open in the Chinese city in the past decade, while the forthcoming property in Okinawa will open in 2027.
OYO Plans to Repay Debt Prior to IPO
IHG Hotels & Resorts ventures into Thailand’s Golden Triangle with luxury properties, while Courtyard by Marriott Bangkok undergoes extensive renovations. Six Senses opens a new resort in the Maldives, and Accor expands its portfolio across the Pacific region.
OYO plans to alleviate debt through a buyback process before its long-anticipated IPO, while Indian Hotels Company inaugurates Ginger Mumbai Airport and Sarovar Hotels & Resorts debuts in Gujarat.
Atmosphere Core introduces new hires and strategic shifts in the Maldives, emphasizing culinary strategies and upcoming projects across various brands and locations.