Bhutan

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

Accor Welcomes 23 Mercure and Grand Mercure Hotels in Japan

Accor is rebranding 23 Daiwa Resorts properties in Japan as Mercure and Grand Mercure hotels in 2024. The first Hyatt Place hotel in Johor Bahru, Malaysia, is now open, connected to Paradigm Mall. Swiss-Belhotel International rebranded an upscale property in Surabaya, Indonesia, as the Grand Swiss-Belhotel Darmo.
Asia-Pacific

Philippines Sees Strong Tourism Rebound with 3.3 Million Foreign Arrivals in 2023

Foreign arrivals in the Philippines reached 3.3 million in the first eight months of 2023, approaching the government’s annual goal of 4.8 million. South Korea was the top source of inbound tourists. Trip.com Group reported robust recovery in domestic and international business in 2Q23, with strong growth in domestic hotel bookings in China. However, outbound hotel and air reservations remained down compared to pre-Covid levels. Wyndham Hotels & Resorts signed three new agreements with Indonesia Hospitality Group, expanding its presence in Indonesia. This follows the earlier launch of the Howard Johnson by Wyndham brand in Indonesia.
Asia-Pacific

IHG Hotels Expands in Bhutan and Bangkok

Cambodia ‘s international airports experienced a significant increase in passengers, with a 270% year-on-year growth in the first half of 2023. IHG Hotels & Resorts signed agreements for new hotels in Bhutan and Thailand , expanding its presence in these countries. Radisson Hotel Group achieved strategic growth in the APAC region, adding over 60 hotels to its portfolio, including milestone openings and signings.
Asia-Pacific

Maldives’ Outlook Downgraded Despite Tourism Recovery

Fitch Ratings revised the Maldives’ outlook to Negative from Stable while affirming its Long Term Currency Issuer Default Rating at B-. Hilton announced plans to expand the presence of Conrad Hotels & Resorts through Conrad Singapore Orchard . Singapore’s Far East Organization is planning to develop a new hotel in Sydney’s Rocks district , with a proposal to redevelop the Clocktower Square with a luxury new property.