Shangri-La Group

The 2024 Philippines Accommodation Pipeline Report reveals 158 accommodation projects with 40,084 rooms in development, with Luzon leading, followed by Visayas and Mindanao, which is noted as an underserved market.

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.

Marriott International expands its presence in Seoul while luxury brands like Aman Group, Rosewood Hotels & Resorts, and IHG Hotels & Resorts are also entering the South Korean market.

Six Senses Kyoto, the brand's first urban hotel in Japan, has opened in Kyoto's Higashiyama district, featuring 81 rooms and suites, a spa with unique treatments, and diverse dining options.

Deutsche Hospitality has undergone a rebranding and is now known as H World International. The strategic move is aimed at bolstering the global expansion efforts of its parent company, H World,

Four Seasons announces two new hotels: Four Seasons Hotel Shanghai, opening in 2027 with 160 rooms and suites, and Four Seasons Hotel Suzhou, now open with 119 rooms, suites, and 11 villas. Marriott International expands in Sydney and Bangkok with the Moxy brand. Moxy Sydney Pitt Street, opening in 2025, will have 314 rooms and the city's highest rooftop bar. Moxy Bangkok Ratchaprasong, opening in 2024, starts its experience with a 9th-floor bar check-in. IHG Hotels & Resorts opens two new Holiday Inn resorts in Phuket, managed by Destination Group. Holiday Inn Resort Phuket Karon Beach and Holiday Inn Resort Phuket Surin Beach feature over 220 rooms each, with private balconies and extensive amenities.

International arrivals in the Asia Pacific region saw growth in 2022, reaching the strongest level since 2019, with the Pacific region having the highest growth rate. Macau received over five million visitors from Hong Kong in the first nine months of the year, nearing 2019 levels. Radisson Hotel Group announced the rebranding of Fridays Boracay into a Radisson Collection Resort, marking their entry into Boracay, Philippines.

American visitor arrivals to Japan increased by 3.6% in the first four months of 2023 compared to the same period in 2019, making the U.S. the only Western nation, apart from Mexico, to experience a rise in tourism to Japan. Hongkong Land unveiled its $8 billion Shanghai West Bund Financial Hub project, which will include office buildings, luxury residential apartments, hotels, a public art center, and retail spaces. The development will be completed in three phases by 2027, and Hongkong Land plans to roll out 10 new developments in China in the next five years. Macau Legend Development announced its intention to sell its Laos gaming operation for $45 million to a Japanese citizen, as the company has faced financial difficulties and its owner has been arrested. After the sale, Macau Legend will have remaining plans to build a hotel and casino in Cape Verde.

The Ministry of Culture and Tourism in China said domestic travelers reached 274 million during the recent Labour Day Golden Week holiday, topping 120% of pre-Covid levels . Hyatt Regency Danang Resort & Spa is set to introduce a new era of exciting hospitality to Vietnam’s central coast. Rosewood Hotels & Resorts has been appointed by Eleven D&C Co., Ltd. to manage Rosewood Seoul , a new build ultra-luxury hotel set to open in 2027.

STR reported China hotel RevPAR for the week ended April 29 was up 138.2% year over year. The Association of Macao Tourist Agents said the first Labor Day holiday after lifting all Covid curbs had exceeded expectations. The General Statistics Office of Vietnam said the number of Chinese citizens traveling to Vietnam is on the rise with 112,000 visiting in April, up 61.5% year on year.