Chalet Hotels

BWH Hotels has expanded in Vietnam with the opening of the Imperial Dalat Hotel, BW Premier Collection. Plus, more hotel development news.

Plus, more hotel deal news...

OYO said they have recorded a 20% year-over-year rise in summer bookings in India, driven by family travel, religious tourism, and strong demand during long weekends. 

Sri Lanka tourism hits 900,000 arrivals in early May, while Galaxy Entertainment soft-launches Capella at Galaxy Macau with 36 villas.

Singapore’s sovereign wealth fund GIC secured priority rights to acquire three South Korean hotels from DL Group for $413 million.

Singapore is on track to exceed pre-pandemic tourism spending in 2024 and expects up to 18.5 million visitors generating over S$30 billion in receipts by 2025.

Indonesia has imposed a moratorium on hotel and nightclub construction in Bali to curb overdevelopment and protect the island’s culture and environment.

Accor announced a share repurchase agreement was reached to buy back a block of seven million of its own shares as part of the €400 million share buyback program of Accor for 2024.

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.

The GBTA Business Travel Outlook shows Asia Pacific is forecast for significant growth, with travel spending gaining 41% to US$567 billion this year. Trip.com said outbound travel order for the upcoming Golden Week increased nearly 20 times, and domestic travel increased more than four times over the Golden Week period last year. Accor announced their Novotel brand’s fiftieth hotel opening in Greater China with its newest destination, Novotel Xi’an Aden.