Prism Moves Toward IPO After SEBI Approval
After numerous attempts and obstacles, OYO parent Prism may finally have its long-awaited IPO. Plus, more hotel deal and development news from APAC.
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Hyatt Place Butwal Marks Third Hyatt Hotel in Nepal
Hyatt Place Butwal opened in western Nepal with 109 guestrooms, marking the third Hyatt-branded hotel in the country. Plus, more hotel deal and development news for APAC.
Choice Hotels to Expand MainStay Suites Brand to Australia
Choice Hotels launches MainStay Suites in Australia with seven hotels planned, marking the brand's first expansion outside North America. Plus, more hotel deal and development news.
Aman Plans Singapore Debut at Nation's Tallest Building
Aman is making its Singapore debut at The Skywaters at 8 Shenton Way, a 63-story skyscraper, in 2028. Plus more hotel deal news.
Macau Set to Gain Over 4,000 New Hotel Rooms
Macau had 2,928 hotel rooms under construction by the end of 2024, with a total of 4,229 potential new rooms if all planned projects are approved.
IHCL Signs 300-Room Taj in Ayodhya
Indian Hotels Company announced a new Tajhotel in Ayodhya, set to open in 2026 with 300 rooms, luxury villas, extensive amenities, and event space, expanding IHCL’s footprint in Uttar Pradesh to 31 hotels.
Japan's Tourism Boom Is Pushing Rates Higher
Japan’s booming tourism, driven by a weak yen and rising demand, has pushed hotel costs so high that even business travelers are priced out, prompting shifts to alternatives like Airbnb and further tax hikes in places like Kyoto.