Spree Hospitality


Hyatt Plans 7 New Hotels in India

Hyatt Hotels said they plan to expand their footprint in India by opening seven new hotels and adding 1,115 keys across leisure and city destinations in 2024.

Minor Is Bullish on Thailand

Minor International said they expect foreign tourist arrivals to Thailand to exceed 34 million, ahead of the government’s forecast.
North America

Vietnamese Hotel Closures and Sales Amidst Tourism Challenges

Hotels in Vietnam, particularly in Ho Chi Minh City, are experiencing closures and are being listed for sale due to lower-than-expected visitors, revenue, and the need for capital expenditure. Centara Hotels & Resorts is entering the Japanese market with the opening of Centara Grand Hotel Osaka, featuring 515 rooms, world-class dining options, and extensive meeting facilities. The Philippines conglomerate Alliance Global Group plans to allocate Php4 billion for the expansion of Manila’s Newport World Resorts, part of a broader Php70 billion investment for 2023.