Rydges Hotels & Resorts

China's hotel construction pipeline reached 3,853 projects with 703,312 rooms in Q3 2024, showing steady growth, with significant openings forecast for 2025 and 2026.

The Philippine government is enhancing flight availability and establishing new routes to boost tourism from key and emerging markets.

China hotel RevPAR up 40.6% YoY, surpassing decline from a year ago. Philippines reaches 3 million international visitor arrivals, tourism receipts increase by 502%. Accor's partnership with Sunmei Group plans to open over 400 Movenpick by Accor hotels in China.

Macau’s Statistics and Census Service said the SAR saw a total of 5,700,339 visitor arrivals in 2022, down 26% year on year. Hyatt Hotels Corporation announced a Hyatt affiliate entered into a management agreement with a Mori Building affiliate for Hotel Toranomon Hills. The Rydges Melbourne is undergoing a complete transformation and will re-open in Autumn 2023, positioned as a flagship property for the group.