SeleQtions

Asia-Pacific

Hilton and Juniper Opening Bengaluru Properties

Hilton and Juniper Hotels are expanding their presence in Bengaluru with new hotel acquisitions and developments, offering upscale accommodations and extensive amenities in key city locations.
Alan Woinski | 4 weeks ago
Asia-Pacific

India Hotel Investments Rebound to Pre-Covid Levels

The Indian hospitality industry is experiencing strong investment growth in greenfield hotel developments, particularly in tier 2 and 3 cities, with investments rebounding to pre-Covid levels and expected to surge further in 2024.
Alan Woinski | 2 months ago
Asia-Pacific

Capella Hotels to Open First Resort in Taiwan

Capella Hotels announced the opening of Capella Kenting, a world-class resort in Southern Taiwan, set for 2028, featuring Taiwan's largest hotel rooms and extensive luxury amenities.
Alan Woinski | 4 months ago
Asia-Pacific

Australia Will Have Record Tourism Economic Impact in 2024

The World Travel & Tourism Council forecasts that Australia's travel and tourism sector will contribute a record $265.5 billion to the economy in 2024, with expectations to surpass $345 billion by 2034.
Alan Woinski | 5 months ago
Aerial view of a four-story hotel surrounded by green trees
Asia-Pacific

Banyan Group to Open Kyoto Hotel in Q3 2024

Banyan Tree Higashiyama Kyoto, opening Q3 2024, will be Banyan Tree's first Japan hotel, featuring 52 guestrooms, a spa, and two dining options.
Alan Woinski | 6 months ago
Asia-Pacific

India Okays ITC Spinning Off Its Hotel Business

The Competition Commission of India approved ITC Ltd's demerger of its hotel business into the newly independent, publicly listed ITC Hotels Ltd, with ITC retaining a 40% stake and 60% distributed to shareholders.
Alan Woinski | 6 months ago
Asia-Pacific

India Sees Double-Digit Room Rate Growth

In February 2024, major Indian hotel markets experienced near double-digit ADR growth and slightly higher occupancy rates, with notable increases in Hyderabad and Goa despite occupancy dips, and overall performance surpassing February 2019 levels.
Alan Woinski | 8 months ago
Asia-Pacific

Taylor Swift Concerts Break Hotel Records in Australia

In February 2024, Sydney and Melbourne, Australia, experienced record hotel occupancy and rates, attributed to Taylor Swift's Eras tour, with significant yearly increases in occupancy, average daily rates, and revenue per available room.
Alan Woinski | 9 months ago
Asia-Pacific

Accor Buys Back Some Shares from Jinjiang

Accor announced a share repurchase agreement was reached to buy back a block of seven million of its own shares as part of the €400 million share buyback program of Accor for 2024.
Alan Woinski | 9 months ago