Mercure Hotels

Indonesia is actively targeting Indian tourists with new flights, marketing campaigns, and visa-free entry to boost arrivals in 2025.

Asset World Corp partnered with Melia Hotels International to open the 234-room Melia Pattaya Hotel as part of a 30 million baht investment in Pattaya, featuring eco-friendly development, job creation, and luxury amenities.

Sri Lanka aims to attract three million tourists in 2024, with new hotel developments and significant growth in Indian visitors leading the way.

Australians are traveling internationally at record levels, with Japan, Vietnam, Indonesia, China, and South Korea all seeing substantial year-over-year increases in visitor numbers.

Singapore hotels maintain high occupancy rates despite rising costs, smaller room sizes, and surging prices, with future growth expected to slow due to limited new supply.

Melbourne's hotel performance in October surged due to concerts by Olivia Rodrigo and Coldplay, the Melbourne Marathon, and Melbourne Fashion Week, with occupancy, ADR, and RevPAR reaching record highs.

Global hotel investments are booming, with a 13% RevPAR increase, high cross-border deals, and $42.1B in transactions, driven by strong demand for luxury and select-service hotels.

Las Vegas Sands increased the Marina Bay Sands expansion budget to US$8 billion for a new fourth tower with its own casino, luxury suites, arena, and more, with construction starting in mid-2025 and opening in 2031.

Hyatt and China Resources Land have formed a joint venture to expand Hyatt’s hotel presence across Greater China, focusing on asset-light growth and developing several new and existing properties.

Hilton plans to double its mid-market hotel presence in Asia Pacific, aiming for over 1,000 properties by expanding its Hilton Garden Inn and Hampton by Hilton brands.