The Ascott Limited signed a record 19,000 units across 102 properties in 2025, a year-on-year growth of 27% in new signings. Plus, more hotel deal news.
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'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 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.
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.
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.