Banyan Group

Minor Hotels launched Colbert Collection, a new global premium soft brand for independent hotels. Plus, more hotel deal and development news.

Hilton Grand Vacations opened its first Kyoto resort as STR reported China hotel RevPAR rose 4.9% for the week ended March 14. Plus, more hotel deal and development news.

Indonesia’s central government has opposed Bali’s proposed Airbnb ban, citing tourism and SME risks. Plus, more hotel deal and development news.

Tokyo, Japan, unveiled a plan to overhaul its accommodation tax system, replacing the current flat-rate structure with a percentage-based model. In most cases it will boost what people pay. Plus, more hotel development news.

Banyan Group will soon hold the opening of its 100th hotel. Marriott is entering Laos. Plus, more hotel deal and development news.

Radisson Hotel Group’s CEO, Federico Gonzalez, discusses expansion plans in India (saying his group ranks second in India in terms of number of hotels). Plus, BWH Group expands in APAC, and more hotel news.

In New Zealand, only visitation from the U.S. has returned to pre-pandemic levels, but hotel supply is 13% above 2019's levels. That plus more hotel deals and development news.

Vietnam experienced a 30% increase in international tourist arrivals in 1Q25, year-over-year. That puts it sixth globally and first in the APAC region. Plus hotel development news...

STR data indicates China's hotel market continues to struggle with a 3.1% RevPAR decline despite facing an easy comparison to last year's significant 21.1% drop.

Canadian hotel investment surged in 2024, surpassing $2 billion, driven by strong market fundamentals, investor confidence, and heightened competition for quality assets.