Galaxy Entertainment Group

After numerous attempts and obstacles, OYO parent Prism may finally have its long-awaited IPO. Plus, more hotel deal and development news from APAC.

South Korea exceeded pre-pandemic levels in April, welcoming more than two million international visitors. Plus, more hotel deal and development news from APAC.

Hyatt Place Butwal opened in western Nepal with 109 guestrooms, marking the third Hyatt-branded hotel in the country. Plus, more hotel deal and development news for APAC.

Radisson Hotel Group plans to open eight new hotels in Uttar Pradesh, including the 108-room Radisson Prayagraj. Plus, more hotel deal and development news.

Chengdu has the greatest number of projects in China's total hotel construction pipeline, with 25,331 rooms under construction. Outside of China, India has the most hotel rooms under development (99,195 rooms) in Asia Pacific.

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

International visitor arrivals, under PATA's medium scenario, to Asia Pacific are projected to reach 813 million by 2027.

Sri Lanka aims to attract three million tourists in 2024, with new hotel developments and significant growth in Indian visitors leading the way.

Many U.S. hotel companies reported earnings, with RLJ Lodging Trust beating estimates but giving a softer forecast, Xenia Hotels missing across the board, and Host Hotels posting a modest beat despite hurricane impacts.

Las Vegas Sands increased the Marina Bay Sands expansion budget to US$8 billion for a new fourth tower with its own casino, luxury suites, arena, and more, with construction starting in mid-2025 and opening in 2031.