Asia-Pacific

Asia-Pacific

Australia Will Have Record Tourism Economic Impact in 2024

The World Travel & Tourism Council forecasts that Australia’s travel and tourism sector will contribute a record $265.5 billion to the economy in 2024, with expectations to surpass $345 billion by 2034.
Asia-Pacific

Hilton Promises Increased China Investment

Hilton will increase investment in China, continuing rapid expansion as their fastest-growing international market with 671 hotels and a strong pipeline of new properties.
Asia-Pacific

Full Tourism Recovery in APAC Forecast for Early 2025

Fitch Ratings projects China outbound tourism to the Asia Pacific region will recover to 86% of pre-Covid levels in 2024, with full APAC tourism recovery expected by the first half of 2025.
Asia-Pacific

Hilton Garden Inn to Expand in China

Hilton plans to open around two dozen new Hilton Garden Inn hotels in China over the next year, including locations in Beijing, Nanjing, Chengdu, Chengde, and Jinan.
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

ITC Shareholders Okay Hotel Spin-Off

ITC shareholders approved the company’s plan to spin off its hotel business, retaining a 40% stake, with overwhelming support from minority shareholders.
Asia-Pacific

Radisson to Open About 15 Hotels in India This Year

Radisson Hotel Group plans to open a new hotel in India every 20 days, aiming for widespread presence including religious destinations, with 180 hotels and 13,700 rooms in operation and in the pipeline.
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.