Prism Moves Toward IPO After SEBI Approval
After numerous attempts and obstacles, OYO parent Prism may finally have its long-awaited IPO. Plus, more hotel deal and development news from APAC.
Centara Life
Hyatt Opens First Bangladesh Hotel in Dhaka
Hyatt Place Dhaka Uttara will be the group's first hotel in Bangladesh. Plus, more hotel deal and development news.
Hilton Plans Asia Pacific Expansion
Hilton plans to double its mid-market hotel presence in Asia Pacific, aiming for over 1,000 properties by expanding its Hilton Garden Inn and Hampton by Hilton brands.
Hyderabad and Mumbai Lead Indian Hotels' Growth
The Indian hotel industry saw a 4.8% RevPAR growth in 2Q24, with Hyderabad leading the gains, while Mumbai hotels topped in occupancy, ADR, and RevPAR, despite a dip in overall occupancy due to summer vacations and reduced corporate travel.
Centara Aims to Be a Global Hotel Operator
Centara Hotels & Resorts announced its expansion plans at ITB Berlin. Their sustainable strategy is to introduce its style of family-centric hospitality to multiple new markets, striving to become one of the planet’s top 100 hotel operators by 2027.