KSL Capital Partners Takes Majority Stake in Soneva
Small private equity firm KSL Capital Partners took a majority interest in sustainable luxury hotel brand Soneva.
Canberra
Accor Plans 30 New Hotels in India Within Five Years
Chinese tourists flocked to the Middle East during Golden Week, benefiting destinations like Dubai, Thailand, and Singapore.
Plans were unveiled for a hotel in Braddon, Australia, with a unique design inspired by canyons, featuring 119 suites and retail tenancies.
Accor plans to open 30 new properties in India, focusing on tier 2 and tier 3 cities, introducing additional brands like Swissotel, Movenpick, and Handwritten Collection.
Chiang Mai Tourism Bounces Back
China hotel RevPAR in the week ending June 10th: Up 66.7% YoY, down 2.6% compared to 2019.
Chiang Mai 's tourism industry recovering with increased hotel occupancy rates and visitor numbers.
New developments in the hospitality industry: Ritz-Carlton Reserve opens in Jiuzhaigou , Bookmark Resorts announces first wellbeing resort, and Karl Lagerfeld hotel in Malaysia .
Macau Marks Highest Visitation Numbers in 3 Years
Macau has received 245,000 visitors in the first four days of the Chinese New Year/Spring Festival holiday week.
Wyndham Hotels & Resorts announced the signing of The Earth Amritsar, Trademark Collection by Wyndham, its first hotel for the brand in India .
Sarovar Hotels and Resorts announced the opening of Shyama Sarovar Portico in the city of Orai, Uttar Pradesh in India.