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Asia-Pacific
Singapore’s 2023 Tourism Receipts Surpassed Forecast
The Singapore Tourism Board said tourism receipts in 2023 surpassed their forecast. This was driven by key markets such as Indonesia, China and Malaysia, the top three contributors in 2023 with 2.3 million, 1.4 million and 1.1 million visitors respectively. -
Asia-Pacific
Indians Cancelled 8,000 Bookings to Maldives
India has now slipped to the fifth position for tourist arrivals into Maldives in January, with just over 13,000 visitors. This is per the latest data from the Maldives tourism industry and is quite different than the commentary last week from the Maldives. -
Asia-Pacific
Taiwan to Get 5 New Luxury Hotels This Year
Taiwan’s travel industry expects inbound tourism to recover, with five new luxury hotels opening this first half of 2024. -
Asia-Pacific
Indian Hotels Company Signed 32 New Hotels in 2023
In 2023, the Taj brand strengthened its presence in key metro and commercial cities, including Delhi, Cochin, Dhaka, and Bhutan. Vivanta and SeleQtions collectively added 17 hotels while Ginger signed agreements for six new hotels. -
Asia-Pacific
Oyo Said to Seek $400 Million Fundraise
Khazanah Nasional Berhad, the sovereign wealth fund of Malaysia, is in discussions to lead a $400 million funding round for OYO Hotels & Homes Pvt. -
Asia-Pacific
Vietnam’s Hotel Room Supply Is on the Rise
Savills Vietnam predicts a substantial increase in hotel real estate supply in Vietnam, focusing on Hanoi and Ho Chi Minh City, due to new projects from 2024 to 2026. -
Asia-Pacific
Minor Is Bullish on Thailand
Minor International said they expect foreign tourist arrivals to Thailand to exceed 34 million, ahead of the government’s forecast. -
Asia-Pacific
Chinese Outbound Travel Expected to Surge to Visa-Free Destinations
China’s outbound travel bookings for the upcoming Chinese New Year holidays have surged more than 10 times compared to the previous year. -
Asia-Pacific
$750 Million Expansion of Las Vegas Sands’ Marina Bay Sands in Singapore
Las Vegas Sands’ Marina Bay Sands in Singapore’s expansion plans received another increase. Marina Bay Sands said they launched the second phase of its significant reinvestment program. -
Asia-Pacific
Marriott Debuts Moxy in India
Marriott International had the pleasure of debuting their Moxy Hotels brand in India while also expanding their JW Marriott brand to the city of Surat, Gujarat.