Atmosphere Hotels and Resorts

Minor Hotels announced it is rebranding its Anantara Vacation Club to Minor Vacation Club. Plus, more hotel deal and development news from APAC.

Accor opened its 800th hotel in China and plans to add 800 more in five to six years, focusing on midscale and premium brands. Plus, more hotel deal and development news.

Accor opened its 800th hotel in Greater China as Vietnam's hotel market gains ground on rivals like Phuket across Asia. Plus, more hotel deal and development news.

Hilton announced multiple property agreements across Vietnam with existing partners Sun Group. Plus, other hotel deal news.

Tourism is booming across Asia with hotels reporting high bookings for May Day Golden Week and companies like Ascott Limited expanding their portfolios. Thailand said it would continue its subsidy scheme for domestic tourists during the low season.

Hotels in Vietnam, particularly in Ho Chi Minh City, are experiencing closures and are being listed for sale due to lower-than-expected visitors, revenue, and the need for capital expenditure. Centara Hotels & Resorts is entering the Japanese market with the opening of Centara Grand Hotel Osaka, featuring 515 rooms, world-class dining options, and extensive meeting facilities. The Philippines conglomerate Alliance Global Group plans to allocate Php4 billion for the expansion of Manila's Newport World Resorts, part of a broader Php70 billion investment for 2023.

STR said Southeast Asia’s hotel industry is seeing the return of MICE . While leisure travel has shown the most resilience in the region, much of the recent demand in Southeast Asia can be linked to MICE travel and events. The Singapore Tourism Board said the number of visitors from India rose by 3.5x in the first quarter of 2023, year over year. IHG Hotels & Resorts announced plans to expand its presence in Asia through developments in Nepal and Indonesia .