DAMAC Properties

Asia-Pacific

Jumeirah Group CEO Will Depart

Katerina Giannouka has left Jumeirah Group, one year into her time as CEO. Thomas Meier, CEOO, will serve as Interim CEO again.
Asia-Pacific

Malaysia and Hong Kong See Significant MoM Tourism Bumps

Malaysia is on track to surpass its international tourist target with an expected 18 million visitors, while Hong Kong saw a significant MoM increase in July, driven largely by visitors from Mainland China. Key developments include the Marriott's expansion in China and India , the transformation of Sydney's former Department of Education building into a luxury hotel, and Damac International's progress on its Maldives resort. JLL India reported mixed hotel performance, Blackstone is reinvesting in Japanese real estate due to favorable market conditions, and A bsolute Hotel Services has made key management appointments.
Asia-Pacific

Macau Announces End to Zero-Covid Policy

Macau follows what China’s leadership tells them to and now it is confirmed that Zero Covid is dead. ONYX Hospitality Group unveiled plans to strengthen its serviced apartment brand, Shama . The Novotel Bali Benoa has reopened following a major renovation that will reposition the beachfront resort.