Taj

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.

Centara Hotels & Resorts announced its expansion plans at ITB Berlin. Their sustainable strategy is to introduce its style of family-centric hospitality to multiple new markets, striving to become one of the planet’s top 100 hotel operators by 2027.

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,

Marriott International said they signed 28 deals in South Asia in 2023 and so far in 2024, adding over 4,500 rooms to its development pipeline.

In 2023, the Taj brand strengthened its presence in key metro and commercial cities, including Delhi, Cochin, Dhaka, and Bhutan. Vivanta and SeleQtions collectively added 17 hotels while Ginger signed agreements for six new hotels.

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

Banyan Tree Group is celebrating its 30th anniversary with the change in name to Banyan Group. The company said the brand shift reflects the group’s evolution into a dynamic, multi-brand hospitality powerhouse.

The Philippine Department of Tourism achieved over 5 million international visitors in 2023, nearing pre-pandemic levels, with a focus on their National Tourism Development Plan 2023-2028. China's tourism rebound is driven by domestic demand, though sustainability into the next year is uncertain. The Hongkong and Shanghai Hotels announced executive changes effective 2024, with a formal search for a new CEO.

Wyndham Grand debuts in Kuala Lumpur and Hilton's Curio Collection enters India, while Hotel Indigo Sydney Potts Point launches after a significant refurbishment. Hyatt and IHCL plan extensive expansions in India, while Genting invests in Sentosa. The Westin Tokyo undergoes a major makeover, and Candeo Hotels integrates a historic temple in Osaka.

Accor is rebranding 23 Daiwa Resorts properties in Japan as Mercure and Grand Mercure hotels in 2024. The first Hyatt Place hotel in Johor Bahru, Malaysia, is now open, connected to Paradigm Mall. Swiss-Belhotel International rebranded an upscale property in Surabaya, Indonesia, as the Grand Swiss-Belhotel Darmo.