Shangri-La Hotels & Resorts

Macau is showing resilience. Thai-listed Minor International is seeking to list a REIT in Singapore before year-end. Plus, more hotel deal and development news.

Hyatt Hotels is actively looking at opportunities to introduce its The Standard and UrCove brands in India, including through the help of partners. Plus, more hotel deal news.

Marriott plans to debut St. Regis Hotels & Resorts in Queenstown, New Zealand. Plus, more hotel deal and development news.

Hyatt Place Dhaka Uttara will be the group's first hotel in Bangladesh. Plus, more hotel deal and development news.

Accor said its strategic growth in Asia continues with a diverse pipeline of more than 230 hotels representing close to 60,000 keys in development. Plus more hotel deal news.

Kimpton Naluria Kuala Lumpur will debut by end of 2025. The hotel industry sees major renovations with Hyatt Regency Austin's $150M upgrade and a Barbados luxury relaunch.

YOTEL opened its first Japanese hotel in Tokyo’s Ginza and plans further growth across Asia and the Middle East, while The Standard launched its Singapore property offering stylish rooms, a rooftop pool, and signature dining.

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.

Cambodia's tourism, rebounding to 82.5% of 2019 levels in 2023, aims to boost Chinese visitation, focusing on initiatives including potential mutual visa-free policies and increased flights.

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.