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China hotel RevPAR increased by 30.7% YoY but was down by -6.8% compared to 2019. South Korea aims to attract 1.5 million Chinese tourists, lifting group visit bans with incentives. H World Group refines strategy for post-pandemic tourism in China, focusing on quality growth and lower-tier cities.

Radisson Hotel Group expands its portfolio in the Asia Pacific region, adding over 60 hotels in Vietnam , India , Thailand , the Philippines , and China . IHG Hotels & Resorts introduces Vignette Collection to Phnom Penh , Cambodia, with the upcoming opening of Vignette Collection Phnom Penh Odom, following the success of Six Senses Krabey Island. Hilton opens Conrad Shenzhen in China's Qianhai business district, featuring 300 rooms and providing elevated luxury accommodations in the city's financial center.

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.

Strong RevPAR growth observed in China, Singapore, and India, indicating recovery and resilience in the Asian hotel industry. Minor Hotels plans significant expansion across multiple countries, capitalizing on pent-up demand and strategic partnerships. Radisson Hotel Group signs multiple new hotels in India, while ITC considers a potential demerger of its hotel business, reflecting evolving strategies in the market.

China's hotel industry shows strong recovery with a significant increase in RevPAR, benefiting companies like STR and driving pent-up travel demand, particularly from Chinese tourists. Major developments in the hospitality sector are underway in various locations, including Thane (Maharashtra) where Oberoi Realty plans to develop a luxury hotel managed by Marriott International or Hyatt, and Dhaka (Bangladesh) with multiple new five-star hotels expected to open in the coming years. Hotel projects and expansions are also taking place in Nagoya (Japan), Tokyo's Shinjuku area, San Fernando (Pampanga, Philippines), and Nha Trang (Vietnam), indicating growth and investments in these respective regions.

Ayala Land Hotels and Resorts Corp. is pushing forward with plans of increasing the number of keys in its homegrown Seda-branded hotels. Suba Group of Hotels marked another milestone in India’s Tech City – Bengaluru with the launch of Click Hotel Ayra in Seshadripuram, Bengaluru . The Novotel Jodhpur ITI Circle marks the twenty-third Novotel property opening in India.

Golden Week started off with a bang in the SAR with Hong Kong reporting 165,000 people crossed the border into the city on the first day while more than 110,000 tourists from the Mainland left Hong Kong. In June,  SJM  will open the 271-room  Karl Lagerfeld Hotel  on  Cotai  in  Macau . The project was initially unveiled in 2014 but was delayed for various reasons including the pandemic. The Rosewood Ranfaru  in the  Maldives  is expected to open in 2027, stretched across a striking chain of private islands around a pristine lagoon in the South Male Atoll

An HVS Anarock report on the Indian hotel market shows the number of hotel rooms in tier-II and tier-III cities increased to 38% of the total inventory at the end of 2022 from 33% four years ago. Hyatt Hotels and Sun Hung Kai Properties announced the opening of Andaz Nanjing Hexi in Greater China . RCI , part of Travel + Leisure Co , announced its new affiliation with two luxurious resorts in Vietnam: APEC Mandala Phu Yen and APEC Mandala Retreat Kim Boi .

STR said China hotel RevPAR for the week ended April 15, was up 155.1% year over year. Marriott International announced it signed agreements with Vinpearl for an additional seven hotels and resorts in Vietnam , comprising more than 2,500 rooms. The Ascott Limited , a unit of CapitalLand Investment Limited, has achieved its target to secure 160,000 units by 2023 with the  signing of over 4,000 units in 1Q this year .

STR said the reopening of Japan’s international border several months ago, along with the National Travel Support campaign, have helped boost Tokyo’s hotel average daily rate beyond pre-pandemic comparables for two straight months. Nikkei reported that Japan will launch a project to encourage global hotel operators to open luxury properties in national parks as early as in 2024. Hong Kong’s Chief Executive John Lee announced the general requirement for indoor and outdoor masking has been lifted.