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Asia-Pacific
Accor Has a Record 42 Signed Deals in Asia
Accor aims for a record year in hotel signings across Asia, focusing on Premium, Midscale, and Economy divisions. Thailand offers visa waivers to Indian and Taiwanese tourists to boost its tourism sector. Macau experiences increased hotel occupancy rates, with significant construction plans for additional rooms. -
Asia-Pacific
Marriott Adds 3 Premium Hotels in Vietnam
ForwardKeys data reveals that Asia Pacific destinations have seen a travel recovery of over 50% of pre-pandemic international arrivals in the first three quarters of the year, with fourth-quarter bookings improving. Marriott International has opened three premium brand hotels in Vietnam, expanding its portfolio to 19 hotels in the country. S Hotels and Resorts will invest $27 million in renovating resorts in Thailand and Fiji, including upgrades to three SAii Resorts and Outrigger Fiji Beach Resort, with renovations starting in 2023 and premium rooms available for booking from December 2023. -
Asia-Pacific
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. -
Asia-Pacific
China’s Domestic Travel Tops 2019 in Trips and Spending
Outbound travel from China surged significantly during the National Day Holiday, led by younger Chinese travelers. Indonesia became the top source market for Singapore’s monthly visitor arrivals, with Chinese visitors staying longer on average. The Postcard Hotel is set to open India’s most expensive hotel in Ranthambore and plans to launch several more hotels in 2024. -
Asia-Pacific
Thailand’s Ambitious Plan to Attract 40 Million Tourists in 2023
Chinese hotel RevPAR surged by 59.6% YoY but remained 5.1% below 2019 levels for the week ending September 16th. The Philippines is close to surpassing its 2023 tourist arrival target, with 3.87 million foreign visitors contributing Php316.9 billion in revenue. Thailand aims to attract a record 40 million tourists in 2023 through visa-free systems, promotional efforts, and expanding direct flights, targeting international travelers with a focus on Chinese visitors. -
Asia-Pacific
China Outbound Tourism to Fully Rebound by Late 2024
The World Travel & Tourism Council predicts that it will take about a year for popular tourist destinations worldwide to see a significant return of Chinese visitors, with challenges like visa and passport difficulties slowing the process. IPK’s survey indicates a strong travel recovery from China, particularly to Europe, in 2024, with around 50% of respondents planning to travel abroad in the next year. Europe is the preferred destination, while travel to the US is less frequent due to limited flight options and geopolitical factors. Dusit International announces the launch of two new hotel brands, Dusit Collection and Devarana – Dusit Retreats, aiming to offer unique and authentic travel experiences and expand into untapped markets. Additionally, Lemon Tree Hotels opens a new property in Haridwar, Uttarakhand, featuring suites and rooms, a restaurant, bar, banquets, and a fitness center. -
Asia-Pacific
Marriott Expands Into Indonesia’s New Capital
China’s hotel industry saw a significant year-over-year increase in RevPAR, up 58.1% compared to a decline in the previous year. Hong Kong’s tourism sector experienced a gradual recovery, with August visitor arrivals reaching 84% of pre-pandemic levels. Wharf Hotels introduced Maqo, a new premium lifestyle brand, expanding its portfolio and aligning with its “25 by 2025” growth vision. Maqo’s inaugural hotel will be in Changsha, China, and it aims to provide unique, edited experiences for its guests. -
Asia-Pacific
Many of Thailand’s Budget Hotels Are Struggling
China hotel RevPAR increased by 50.4% YoY, outperforming a 48.2% comparison and growing 19% compared to 2019, driven by strong recovery. Thai hotels, especially those with three stars or less, faced severe impact from interest rate hikes, uncertain tourism outlook, and competition, prompting calls for regulatory changes. New luxury hotels are opening in historic Japanese and Vietnamese destinations, while major hotel chains like Accor and Melia are expanding their portfolios in Singapore and Vietnam. Additionally, Meriton Suites is expanding luxury offerings across Australia. -
Asia-Pacific
Foreign Investment to Japan’s Hotels Top $2 Billion This Year to Date
Foreign investors like Goldman Sachs, KKR, and Blackstone have invested $2 billion in Japanese hotel deals this year, driven by a hotel business rebound and favorable exchange rates. Hilton plans substantial growth in Southeast Asia, introducing a new Hilton Garden Inn prototype and adding seven new hotels in Malaysia, including new brands like Curio Collection and Waldorf Astoria. Accor expands across Asia with 30 new hotels, focusing on markets like Japan, Vietnam, Indonesia, and India, while also partnering to introduce the Swissotel brand to Malaysia with Swissotel Genting Highlands. -
Asia-Pacific
The Women’s World Cup Hotel Booking Bounce
Australia and New Zealand hotels saw revenue rise during FIFA Women’s World Cup, especially in Wellington and Auckland. Singapore Expands Hotel Hiring: Singapore permits hiring from six new countries to meet growing hotel sector demands. Macau’s tourism recovers with high visitor counts and new hotel offerings, including Raffles Hotel.