Dusit International

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

Dusit International will manage two new Dusit Princess hotels in Northern Mindanao, Philippines, set to open in late 2029 through a partnership with IDC Prime.

Banyan Group is expanding globally with its 100th resort debuting in Singapore, new openings in Tanzania and the Dominican Republic, and record multi-brand growth across Asia, including highlights in Japan.

Italpinas Development Corp is partnering with Dusit Hotels to open Dusit-branded hotels in Mindanao by 2029, while Dusit also announces the soft opening of its first Malaysian hotel in Melaka on December 7.

Marina Bay Sands in Singapore launched a new brand vision, "Above Beyond," as part of a $1.75 billion transformation to elevate its hospitality, including revamped suites, expanded butler services, and upgraded facilities across its three hotel towers.

Hyatt Hotels is experiencing strong growth in India, focusing on experiential luxury and strategic expansion, aiming to double its hotel portfolio within five to six years.

Hyatt has launched Alila Shanghai in the Jing'an area, marking the first Urban Alila Resort-style hotel in Greater China, featuring 186 rooms, luxury amenities, and exclusive access to Zhangyuan.

The Indian hospitality industry is experiencing strong investment growth in greenfield hotel developments, particularly in tier 2 and 3 cities, with investments rebounding to pre-Covid levels and expected to surge further in 2024.

Asia's largest Hard Rock Hotel will open in 2027 at Genting Highlands' King's Park, featuring 1,001 rooms and various amenities as part of a larger entertainment and business district project.

IHG Hotels & Resorts is expanding its presence in Thailand by introducing its new brand, Garner, and aiming to double its hotel portfolio in the country.