Brisbane

Brookfield Asset Management is planning to list its luxury hotel chain, The Leela Palaces, Hotels & Resorts, which represents the largest-ever foreign investment in the Indian hospitality sector.

Selina Hospitality received a delisting notice from Nasdaq due to its low stock price, but plans to implement a reverse stock split to regain compliance.

Marriott International and HMI Hotel Group are rebranding seven HMI properties across five major Japanese cities to align with global hospitality trends.

Accor has opened the world's largest Mercure hotel in Singapore, featuring extensive amenities and a prime location between Chinatown and the CBD.

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.

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.

A recent implementation of unilateral visa exemptions for 13 European countries was credited for the strong growth in arrivals from the UK, France, Germany, and Russia in January.

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.

Philippines sees over 4 million foreign tourist arrivals in 9 months, exceeding tourism spending targets. Thailand's visa-free travel policy for Chinese tourists results in a 30% increase in hotel bookings, approaching 2019 levels. Various developments in the hotel and tourism industry, including a new skyscraper in Tokyo and changes in travel intentions worldwide.

In Vietnam, foreign tourist arrivals for the first nine months of 2023 increased significantly by 4.7 times compared to the previous year, with a 13.4% decrease in September from August. Cambodia witnessed a 251% year-on-year increase in foreign visitors for the first eight months of the year, targeting 4.5 to 5 million arrivals in total for the year. Macau's visitor arrivals during Golden Week exceeded 150,000 on the third day, with plans for Galaxy Macau Phase 4 to open in 2026 with fewer hotel rooms than initially planned.