Cebu

Asia-Pacific

China Expands Visa-Free Policy to More European Travelers

China has introduced a visa-free policy for citizens of 17 European countries, allowing short stays of up to 15 days to boost tourism and business travel until the end of 2025.

Alan Woinski | 3 days ago

Asia-Pacific

Leela Owner Files for an IPO

Schloss Bangalore, owner of The Leela hotel chain, has filed for a US$599 million IPO to fund expansion and debt repayment, with Morgan Stanley, BofA Securities, JPMorgan, and Citi managing the issue.

Alan Woinski | 2 weeks ago

Asia-Pacific

Philippine Hotel Pipeline Reaches 40,000 Rooms

The 2024 Philippines Accommodation Pipeline Report reveals 158 accommodation projects with 40,084 rooms in development, with Luzon leading, followed by Visayas and Mindanao, which is noted as an underserved market.

Alan Woinski | 3 weeks ago

Asia-Pacific

Business Travel Grows in APAC

Strong passenger demand, in-person events, and positive industry momentum are driving business travel growth, with global passenger demand up 9.1%, hotel occupancy nearing 70%, and steady travel demand expected through the next quarter.

Alan Woinski | 4 weeks ago

Asia-Pacific

The Philippines Plan to Expand Air Travel

The Philippine government is enhancing flight availability and establishing new routes to boost tourism from key and emerging markets.

Alan Woinski | 3 months ago

Asia-Pacific

One of the Worst Hotel Ideas in Macau Ever

Alongside a relatively strong projected occupancy rate this summer, one of Macau’s most notable hotel failures has reopened its doors despite bankruptcy.

Alan Woinski | 3 months ago

Asia-Pacific

Indonesia Is 17% Below Its 2019 Level of Foreign Visitation

In May, Indonesia saw a 20.1% year-over-year rise in foreign tourist arrivals to 1.15 million, with hotel occupancy reaching 54%, the highest since December 2023.

Alan Woinski | 3 months ago

Asia-Pacific

Thailand Extends Hotel Fee Waiver to Boost Tourism

Thailand's cabinet extended a waiver on operating fees for hoteliers for two more years to support the tourism sector's recovery from Covid-19.

Alan Woinski | 3 months ago

Asia-Pacific

Australia Will Have Record Tourism Economic Impact in 2024

The World Travel & Tourism Council forecasts that Australia's travel and tourism sector will contribute a record $265.5 billion to the economy in 2024, with expectations to surpass $345 billion by 2034.

Alan Woinski | 3 months ago

Asia-Pacific

Vietnam’s Hotels Increasingly Face Financial Difficulties

Despite a rebound in tourism, many Vietnamese hotels face financial troubles and are being auctioned.

Alan Woinski | 4 months ago