Radisson Hotel Group

YOTEL opened its first Japanese hotel in Tokyo’s Ginza and plans further growth across Asia and the Middle East, while The Standard launched its Singapore property offering stylish rooms, a rooftop pool, and signature dining.

Hilton has achieved 1,000 hotels in Asia Pacific ahead of its 2025 goal, with plans to double its portfolio and expand significantly in Greater China and Southeast Asia.

Italpinas Development Corp is partnering with Dusit Hotels to open Dusit-branded hotels in Mindanao by 2029, while Dusit also announces the soft opening of its first Malaysian hotel in Melaka on December 7.

Lodging Analytics Research & Consulting forecasts moderate growth in U.S. hotel performance, with rising RevPAR and hotel values through 2025, despite slight margin erosion.

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.

Hotel construction in the Asia-Pacific region (excluding China) reached record highs in Q3 2024, with India, Vietnam, and Thailand leading the market, and a robust forecast for new openings through 2026.

Marina Bay Sands in Singapore launched a new brand vision, "Above Beyond," as part of a $1.75 billion transformation to elevate its hospitality, including revamped suites, expanded butler services, and upgraded facilities across its three hotel towers.

Business travel is set to surpass pre-pandemic levels in 2024, with global spending projected to reach $1.5 trillion, driven by strong growth in the U.S. and China.

Golden Week saw a significant boost in tourism in China, with passenger trips and travel orders surpassing pre-pandemic levels, reflecting growing confidence in the economy.

Hyatt has launched Alila Shanghai in the Jing'an area, marking the first Urban Alila Resort-style hotel in Greater China, featuring 186 rooms, luxury amenities, and exclusive access to Zhangyuan.