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.
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.
NTTO forecasts the total volume of international visitors to the U.S. will increase to 77.1 million in 2025, up 6.5% from 72.4 million visitors in 2024.
Savills Vietnam predicts a substantial increase in hotel real estate supply in Vietnam, focusing on Hanoi and Ho Chi Minh City, due to new projects from 2024 to 2026.
CapitaLand Investment's the Ascott Limited, is adding eight new properties to its lyf brand portfolio. The additions mark Ascott’s expansion into various global city and resort destinations including Bali, Penang, and Sydney.
Accor is rebranding 23 Daiwa Resorts properties in Japan as Mercure and Grand Mercure hotels in 2024.
The first Hyatt Place hotel in Johor Bahru, Malaysia, is now open, connected to Paradigm Mall.
Swiss-Belhotel International rebranded an upscale property in Surabaya, Indonesia, as the Grand Swiss-Belhotel Darmo.
Choice Hotels to integrate nearly 600 Radisson Americas hotels onto its reservation delivery engine and loyalty program.
Dauntless Capital Partners purchases Hilton Garden Inn Bethesda Downtown for immediate renovation.
Excel Hotel Group plans to build a 130-room SpringHill Suites Hotel in Grover Beach, California.