SJM Holdings Ltd

IHG is opening its first luxury InterContinental hotel in Australia's Barossa Valley under a 25-year deal, costing $100 million.

Japan's hotel business has seen impressive RevPAR growth over the past 15 months due to a late post-pandemic reopening, high inflation, international demand, and a depreciating yen – all despite minimal return of Chinese travelers.

In 2024, the Maldives surpassed 500,000 visitors, led by China as the top source, followed by Russia, Italy, and the UK, with an average stay of 7.8 days.

Khazanah Nasional Berhad, the sovereign wealth fund of Malaysia, is in discussions to lead a $400 million funding round for OYO Hotels & Homes Pvt.

China has a hotel construction pipeline of 3,666 projects with 678,965 rooms. Mid-level upscale and upper midscale projects are active. Hilton, IHG, and Marriott lead the franchise companies. Vietnam's luxury hotel supply grew 6.2% in H1 2023, with 235 five-star and 354 four-star hotels. The country served 4.3 million overnight visitors. Accor plans 10+ new hotels in India and supports unbranded hotels with the Cozzet Collection.

STR reported China hotel RevPAR for the week ended March 11. Hotel RevPAR in China was up 85% year over year for the week. STR said Sydney WorldPride 2023 drove the market’s hotel average daily rate and RevPAR above pre-pandemic levels while occupancy remained slightly below 2019. The director of the Macao Government Tourism Office told a tourism forum that Macau welcomed an average of around 57,000 visitor arrivals each day in February .

H ilton’s Asia Pacific president, Alan Watts , told Nikkei Asia that they expect hotel guest numbers in China to return to their pre-pandemic levels by year-end . The Macau Daily Times said they are being told the recent spike in hotel room prices in Macau is driving international visitors away. SJM Holdings Ltd said they plan to launch the remainder of the hotel room inventory at its Grand Lisboa Palace on Cotai in Macau  within the next quarter.