What started out as a promising rebound day fizzled by the close with the DJIA up 15, Nasdaq down 20, the S&P 500 down 5 points and the 10-year treasury yield up .08 to 4.57%. Lodging…
Tokyo Tatemono and The Ascott Limited will launch SEN/KA TOKYO, marking The Crest Collection's debut in Japan in 2029, while CapitaLand's strategic investments in Japanese hospitality signal robust growth opportunities.
IHG Hotels and Resorts is expanding aggressively in Vietnam and India, aiming to significantly grow its luxury, premium, and midscale hotel portfolios across key destinations.
The Oberoi family is embroiled in a legal dispute over the hotel company’s board and inheritance, with Anastasia Oberoi challenging her step-siblings over a contested will from 2021.
Vietnam's hotel industry is struggling due to slow tourism recovery, oversupply, and poor planning, despite near pre-pandemic room rates and increased interest in lifestyle and focused service hotels.
Nearly 3,000 new hotel rooms are under construction in Macau, with seven more projects planned, while neighboring Hengqin offers cheaper accommodation alternatives.
Hilton will increase investment in China, continuing rapid expansion as their fastest-growing international market with 671 hotels and a strong pipeline of new properties.
In the first quarter of 2024, South Korea’s hotel industry saw significant growth in average daily rates and RevPAR, driven by key tourist destinations, but investment activity remained subdued despite limited future supply and expected continued success in luxury and upscale segments.
Wyndham Hotels and Decameron have formed an alliance to expand all-inclusive offerings with nine new resorts in Mexico, Panama, and Jamaica, with some joining the Trademark Collection and others joining the Ramada brand.
The Wyndham Orlando Resort on International Drive is set to close on April 30, with potential plans for partial preservation and redevelopment by owner Unicorp National Developments Inc.