Auckland

YOTEL opened its first Japanese hotel in Tokyo’s Ginza and plans further growth across Asia and the Middle East, while The Standard launched its Singapore property offering stylish rooms, a rooftop pool, and signature dining.

Phuket and Bali are experiencing tourism growth with record hotel rates but face infrastructure challenges and have yet to return to pre-COVID arrival levels.

Colliers Philippines advises local hotel developers to partner with foreign brands to capitalize on tourism growth and airport modernization in the country.

Australians are traveling in record numbers in 2024, with significant growth in both outbound and inbound tourism, particularly between Indonesia, Japan, and 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.

The majority of Thais plan to travel more this year, favoring bucket list trips and domestic destinations like Chiang Mai and Phuket, with Japan as the top international choice.

Thailand is expected to reach pre-pandemic tourism levels of 40 million arrivals this year and potentially 50 million by 2028, contingent on avoiding global or local crises – not to mention whether or not they add casinos.

While The Standard International gets ready to open its first StandardX property, it's also in advanced stages as a takeover target by Hyatt.

International visitor arrivals to Vietnam increased by 58.4% to over 8.8 million in the first half of 2024, with South Korea being the largest source market.

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