Bahrain

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

China hotel RevPAR increased by 27.9% year over year and by 13.7% when compared to 2019. Japan experienced a resurgence in inbound tourism, with GCC countries leading the way, and June 2023 saw 72% of the visitor numbers compared to June 2019. Several hotels, including W Sydney , W Macao Studio City , and The Grand Copthorne Waterfront Hotel , have announced openings and renovations to cater to the recovering travel demand. Additionally, CapitaLand Ascott Trust signed a Memorandum of Understanding for acquiring lodging assets in the UK, Ireland, and Indonesia.

STR  said  Sydney’s monthly hotel performance  reached a pandemic-era high, according to preliminary September 2022 data from STR. Singapore   international visitor arrivals  continue to be strong but The Business Times said the momentum appears to have slowed down in recent months. InterContinental Sydney  announced the completion of its extensive renovation program to welcome the hotel’s next chapter.

Japan Prime Minister Fumio Kishida  is pledging to increase inbound tourism spending to more than 5 trillion yen per year. OYO  has introduced an improved flagship  patron-facing app – CO-OYO . The Economic Times reported on  the comeback of “big fat weddings” in India .