Lord Hotels and Resorts

Banyan Tree Group is celebrating its 30th anniversary with the change in name to Banyan Group. The company said the brand shift reflects the group’s evolution into a dynamic, multi-brand hospitality powerhouse.

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.

In Q2 2023, the Asia Pacific hotel construction pipeline reached a record high of 1,936 projects with 401,766 rooms. Luxury, upper upscale, and upscale projects dominated the pipeline. Countries with the largest pipelines are India, Vietnam, Thailand, Indonesia, and Japan. Macau has surpassed Hong Kong as the preferred travel destination for mainland Chinese travelers in 2023, receiving nearly twice as many visitors. Around 50.9% of outbound Chinese travelers chose Macau, while Hong Kong received about 26.7%. Mainland Chinese tourists prefer destinations in East Asia and Southeast Asia. Accor is expanding its hotel offerings. They are introducing the Handwritten Collection in Thailand with the Andaman Beach Hotel Phuket, opening a Mercure hotel in Lucknow, India, and launching Lords Inn hotels in Jamnagar, Gujarat, and Kanki, West Bengal. Accor has also partnered with Reliance Industries and Renest Hotels & Resorts for new properties.