Vivanta

Asia-Pacific

Banyan Group to Open Kyoto Hotel in Q3 2024

Banyan Tree Higashiyama Kyoto, opening Q3 2024, will be Banyan Tree’s first Japan hotel, featuring 52 guestrooms, a spa, and two dining options.
Asia-Pacific

India Okays ITC Spinning Off Its Hotel Business

The Competition Commission of India approved ITC Ltd’s demerger of its hotel business into the newly independent, publicly listed ITC Hotels Ltd, with ITC retaining a 40% stake and 60% distributed to shareholders.
Asia-Pacific

IHG Plans to Run 100 Hotels in India by 2029

IHG Hotels & Resorts plans to double its presence in India to 100 hotels over the next five years, expanding in key cities and introducing the InterContinental brand in Telangana by 2029.
Asia-Pacific

Seoul Plans a Floating Hotel

Seoul plans to develop floating office and hotel buildings with leisure facilities on the Han River by 2030 to enhance the river’s potential and attractiveness.
Asia-Pacific

India Sees Double-Digit Room Rate Growth

In February 2024, major Indian hotel markets experienced near double-digit ADR growth and slightly higher occupancy rates, with notable increases in Hyderabad and Goa despite occupancy dips, and overall performance surpassing February 2019 levels.
Asia-Pacific

Taylor Swift Concerts Break Hotel Records in Australia

In February 2024, Sydney and Melbourne, Australia, experienced record hotel occupancy and rates, attributed to Taylor Swift’s Eras tour, with significant yearly increases in occupancy, average daily rates, and revenue per available room.
Asia-Pacific

Accor Buys Back Some Shares from Jinjiang

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.
Asia-Pacific

Centara Aims to Be a Global Hotel Operator

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.