Hotel 101


Banyan Group to Open Kyoto Hotel in Q3 2024

Banyan Tree Higashiyama Kyoto, opening Q3 2024, will be Banyan Tree’s first Japan hotel, featuring 52 guestrooms, a spa, and two dining options.
North America

A&O to Invest €500 Million in Hostels

Europe hostel chain A&O is set to invest €500 million to aid its expansion across Europe. The company is seeking to expand its presence in European city centers.

Las Vegas Sands’ $3.3 Billion Singapore Expansion

Cushman & Wakefield reported significant growth in China’s hotel industry, with domestic tourism on the rise and strong performance in the hotel market. Las Vegas Sands is embarking on a $3.3 billion expansion project in Singapore, while Wyndham Hotels & Resorts is expanding in Vietnam, including a massive complex on Bai Dai beach. Fine Acers Hotels and Resorts Pvt Ltd is partnering with Wyndham Hotels & Resorts to open a luxury Wyndham Grand Hotel & Branded Residences in Amer, Jaipur, India.

Accor Plans 30 New Hotels in India Within Five Years

Chinese tourists flocked to the Middle East during Golden Week, benefiting destinations like Dubai, Thailand, and Singapore. Plans were unveiled for a hotel in Braddon, Australia, with a unique design inspired by canyons, featuring 119 suites and retail tenancies. Accor plans to open 30 new properties in India, focusing on tier 2 and tier 3 cities, introducing additional brands like Swissotel, Movenpick, and Handwritten Collection.

Macau and Hong Kong Boom While Vietnam Slumps

Vietnam’s condotel market remains sluggish with excess inventory, unlikely to recover before 2025. Grand Ho Tram Strip casino resort introduces Ixora Ho Tram Fusion luxury residences to boost sales. Guangdong , China experiences high visa applications for Macau and Hong Kong due to increased tourism.

Sydney’s Newest Boutique Hotel

Hotel industry in China shows strong recovery with a 60.4% increase in RevPAR compared to the previous year, despite a slight decline of -5.5% compared to 2019. Prominent hotel openings and expansions include Hotel Morris Sydney in Australia, JW Marriott Auckland in New Zealand, Hotel101 projects in Metro Manila and Cebu-Mactan in the Philippines, and Mondrian brand’s global expansion. Anantara unveils luxurious villas in Qasr Al Sarab Desert Resort in the UAE, while IHG Hotels & Resorts announces the first voco resort in Egypt’s North Coast, and Six Senses Amaala prepares to launch a captivating resort in Saudi Arabia as part of the Vision 2030 program.

Vietnam’s Booming Hotel Sector

The global hotel industry is seeing increased activity with notable transactions in Vietnam, Macau, Japan, Sri Lanka, the Philippines, Thailand, and India. Key deals include Marriott International’s operation of seven hotels from Vinpearl in Vietnam, Accor’s new Novotel in Nara, Japan, and DoubleDragon’s launch of the largest hotel in Bonifacio Global City in the Philippines. Several hotel brands are expanding their footprints, with Wyndham Hotels & Resorts signing two agreements with Fulcrum Ventures Asia and Marriott International’s Fairfield brand entering Agra, India.

Cambodia Says It Will Hit Pre-Pandemic Levels in 2026

The number of international tourists to Cambodia  is expected to reach the pre-Covid-19 pandemic level in 2026. Indian Hotels  and other hospitality firms in India have said they are eyeing price rate hikes. IHCL recently went back on that, saying the price hikes will have to wait until November. Hyatt Hotels Corp  announced the opening of Hyatt Centric Sector 17 Chandigarh, marking the debut of the Hyatt Centric brand there.