Hotel Okura Co. Ltd.

JLL recently increased its 2025 forecast for Vietnamese hotel investment volume by 25% to $125 million, reflecting a strong belief in the market’s growth. Plus, more hotel development news.

North Korea tourism is a topic again. China hotel RevPAR down 7.7% YoY. Thailand faces more tourist cancellations. Macau hotel sold. And more hotel news.

Vietnam surpassed Singapore to become the third-most-visited country in Southeast Asia, with 17.5 million international arrivals in 2024.

Hotel Okura Co. Ltd. and Asset World Corporation have signed a new management agreement to open two Okura-branded hotels in Thailand by 2028, expanding Hotel Okura’s Thai portfolio to seven properties.

The South China Morning Post painted a picture in Hong Kong of hotels slashing rates to fill rooms now that quarantine stays are gone. Accor announced the signing of a management agreement for a new dual-branded hotel in Thailand’s capital. A new $35 million hotel on Kaikoura’s waterfront has launched. The four-story, 120-room hotel in the New Zealand town has a restaurant and art gallery open to the public, located on the town’s esplanade.