Asia-Pacific

Asia-Pacific

Growth Disparity in Asia-Pacific Hotel Markets

CoStar's STR reports uneven growth across Asia-Pacific markets in 2024, with Japan and Vietnam showing the strongest potential for continued growth.

Alan Woinski | 1 day ago

Asia-Pacific

China Expands Visa-Free Policy to More European Travelers

China has introduced a visa-free policy for citizens of 17 European countries, allowing short stays of up to 15 days to boost tourism and business travel until the end of 2025.

Alan Woinski | 5 days ago

Asia-Pacific

Hyatt’s Standard Acquisition Adds Properties in Bangkok and Singapore

Hyatt Hotels Corporation has acquired Standard International's brands, expanding its asset-light portfolio in Asia with upcoming properties such as The Standard, Singapore, and The StandardX in Bangkok Phra Arthit, along with Standard Residences under development in Phuket and Hua Hin.

Alan Woinski | 6 days ago

Asia-Pacific

Macau Expects Fewer Visitors for China’s Golden Week

China's Golden Week started with 96,671 visitors to Macau on Monday, and despite last year's high numbers, the tourism office predicts a lower daily average of 100,000 arrivals from October 1-7.

Alan Woinski | 1 week ago

Asia-Pacific

India Leads Asia Pacific Hotel Growth

India is poised to lead Asia Pacific's hotel market in 2024, with record-breaking hotel investments and signings, particularly in Tier-2 cities.

Alan Woinski | 1 week ago

Asia-Pacific

Hyatt Opens Its First Urban Alila Resort in China

Hyatt has launched Alila Shanghai in the Jing'an area, marking the first Urban Alila Resort-style hotel in Greater China, featuring 186 rooms, luxury amenities, and exclusive access to Zhangyuan.

Alan Woinski | 2 weeks ago

Asia-Pacific

India Hotel Investments Rebound to Pre-Covid Levels

The Indian hospitality industry is experiencing strong investment growth in greenfield hotel developments, particularly in tier 2 and 3 cities, with investments rebounding to pre-Covid levels and expected to surge further in 2024.

Alan Woinski | 2 weeks ago

Asia-Pacific

Asia’s Largest Hard Rock Hotel Will Open in Malaysia

Asia's largest Hard Rock Hotel will open in 2027 at Genting Highlands' King's Park, featuring 1,001 rooms and various amenities as part of a larger entertainment and business district project.

Alan Woinski | 2 weeks ago

Asia-Pacific

Leela Owner Files for an IPO

Schloss Bangalore, owner of The Leela hotel chain, has filed for a US$599 million IPO to fund expansion and debt repayment, with Morgan Stanley, BofA Securities, JPMorgan, and Citi managing the issue.

Alan Woinski | 2 weeks ago

Asia-Pacific

Singapore, Hong Kong Hotel Markets Competition Intensifies

Singapore's hotel market is thriving with high-end travelers and strong occupancy, while Hong Kong is focusing on budget-conscious visitors as its luxury sector struggles to recover.

Alan Woinski | 3 weeks ago