Ho Chi Minh City

Asia-Pacific

Minor Plans to Float a REIT in 2025

Minor International plans to reduce $7 billion in liabilities by launching a real estate investment trust, while expanding its global hospitality portfolio, including new ventures in Japan and Singapore.

Alan Woinski | 7 days ago

Asia-Pacific

IHG Plans Aggressive Growth in India and Vietnam

IHG Hotels and Resorts is expanding aggressively in Vietnam and India, aiming to significantly grow its luxury, premium, and midscale hotel portfolios across key destinations.

Alan Woinski | 1 week ago

Asia-Pacific

Japan and China Lead Global Hotel Investment Surge

Japan and China are emerging as top destinations for global hotel investments due to strong travel demand, economic optimism, and promising returns.

Alan Woinski | 2 months ago

Asia-Pacific

Vietnamese Hotels Face Occupancy Woes 

Vietnam's hotel industry is struggling due to slow tourism recovery, oversupply, and poor planning, despite near pre-pandemic room rates and increased interest in lifestyle and focused service hotels.

Alan Woinski | 3 months ago

Asia-Pacific

Hotel Transactions in Asia Pacific Hit $5.7 Billion

Hotel transactions in Asia Pacific surged 19% to $5.7 billion in the first half of the year, driven by Japan, with a projected annual total of $11.6 billion, indicating a robust recovery to pre-pandemic levels.

Alan Woinski | 4 months ago

Asia-Pacific

Macau to Add 3,000 Hotel Rooms

Nearly 3,000 new hotel rooms are under construction in Macau, with seven more projects planned, while neighboring Hengqin offers cheaper accommodation alternatives.

Alan Woinski | 4 months ago

Asia-Pacific

Bangladesh Hotels Face Booking Slump Amid Unrest

Luxury hotels in Bangladesh are facing a nearly 90% drop in guests and significant financial losses due to unrest, curfews, and travel warnings, with near-zero bookings reported for late July and August.

Alan Woinski | 4 months ago

Asia-Pacific

India Okays ITC Spinning Off Its Hotel Business

The Competition Commission of India approved ITC Ltd's demerger of its hotel business into the newly independent, publicly listed ITC Hotels Ltd, with ITC retaining a 40% stake and 60% distributed to shareholders.

Alan Woinski | 6 months ago

Asia-Pacific

APAC Hotel Construction Pipeline Rises 7% Year-Over-Year

The Q1 2024 Hotel Construction Pipeline Trend Report shows significant growth in the Asia Pacific region's hotel construction, with a 7% increase in projects and a 2% increase in rooms year-over-year, led by India, Vietnam, and Indonesia.

Alan Woinski | 7 months ago

Asia-Pacific

Brookfield to List The Leela Palaces

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.

Alan Woinski | 7 months ago