Asia-Pacific

Hilton aims to triple its India portfolio to 75 hotels in three to four years, expanding into emerging markets like Ayodhya and introducing luxury brands, with a focus on tier-I markets and the growing wedding segment.

India's hospitality sector in 2023 saw a record investment of $401 million, marking a near fourfold increase from 2022, with robust growth in hotel transactions, signings, and openings, particularly in tier-two cities, and an optimistic revenue growth forecast for FY2025 driven by spiritual tourism.

Thailand's legislature is considering legalizing casino resorts, anticipating a potential increase of US$12 billion in tourism revenue.

Cambodia's tourism, rebounding to 82.5% of 2019 levels in 2023, aims to boost Chinese visitation, focusing on initiatives including potential mutual visa-free policies and increased flights.

Tishman Speyer partners with Diaoyutai MGM Hospitality to open Mirage by MGM Shanghai in 2027 within a new mixed-use tower at The Springs, featuring luxury rooms and upscale amenities.

In 2024, the Maldives surpassed 500,000 visitors, led by China as the top source, followed by Russia, Italy, and the UK, with an average stay of 7.8 days.

Berjaya Land Bhd plans to expand its presence in Japan by developing at least ten Four Seasons hotels and resorts, starting with the groundbreaking for the Four Seasons Resort & Private Residences Okinawa.

Oberoi Group plans to open 50 new hotels by 2030, doubling the number of rooms under management.

Hyatt aims to expand its presence in China's economy and midscale hotel segments, leveraging local partnerships and focusing on second and third-tier cities.

Hyatt Hotels said they plan to expand their footprint in India by opening seven new hotels and adding 1,115 keys across leisure and city destinations in 2024.