Vietnam is expected to have 25 million tourists in 2025, up from 17.6 million last year, and it's been building hotels to keep up. Plus, other hotel 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.
Accor Greater China announced a dual-branded project on Banping Island in Wenzhou, featuring the debut of Peppers Edge and an MGallery luxury resort, both opening in late 2027.
Japan's hotel business has seen impressive RevPAR growth over the past 15 months due to a late post-pandemic reopening, high inflation, international demand, and a depreciating yen – all despite minimal return of Chinese travelers.
Chinese domestic tourism rebounds strongly, reaching 119% of pre-pandemic levels during the May Day holiday, while international travel remains slow.
Fitch Ratings highlights the encouraging recovery trajectory of the domestic tourism industry, driven by pent-up demand and limited outbound flight options.
Despite the increase in domestic trips, spending remains nearly flat due to factors such as low-income travelers, visits to lower-tier cities, and short-distance trips.
Colliers is recommending developers in the Philippines line up various hotel projects in order to capture the surge in local and foreign tourists.
Alliance Global Group, Inc. will accelerate expansion plans in the Philippines as they bet on a second wave of spending with the expected opening of the Chinese economy.
The Clarks Hotels & Resorts strengthened its international footprint by opening Clarks Exotica Kamadhoo Maldives .
STR reported Sydney’s hotel industry recorded its highest performance levels of the pandemic-era.
Chinese aviation data company VariFlight said domestic flight activity jumped to around 65% of pre-pandemic levels in China yesterday.
OYO announced a new program ranking hotels that provide consistent and high-quality customer experience .
Hotel RevPAR in China was down -35.5% year over year while down -52.5% when up against the same week in 2019.
Hyatt Hotels announced the opening of Hyatt Centric Kota Kinabalu , marking the debut of the lifestyle brand in Malaysia and Southeast Asia.
Absolute Hotel Services Group announced the first Absolute Collection property in Vietnam with the signing of Lamia Bao Loc Resort.