Hong Kong

December 2024 saw strong RevPAR growth across Asia Pacific, with Vietnam, Japan, Thailand, and India leading the region, signaling a positive trend for 2025.

In 2024, Thai luxury hotels experienced significant year-on-year increases in average daily rates and occupancy across key tourist cities.

Despite a single-day post-Covid high, Macau's Golden Week visitor arrivals are down year-over-year, with Mainland China visitation seeing a significant decline.

Asset World Corp partnered with Melia Hotels International to open the 234-room Melia Pattaya Hotel as part of a 30 million baht investment in Pattaya, featuring eco-friendly development, job creation, and luxury amenities.

Centara Hotels & Resorts has rebranded its boutique collection as The Centara Collection, featuring unique, one-of-a-kind properties in Thailand and the Maldives, including the newly renamed Machchafushi Island Resort & Spa Maldives.

Kyoto plans to introduce Japan's highest accommodation tax—up to 10,000 yen per night—by 2026 to curb overtourism and potentially double its annual revenue.

Vietnam welcomed over 17.5 million international visitors in 2024, a 39.5% increase from 2023, with South Korea and China as top sources.

JLL's new Hotel Operators Investment Survey highlights Asia Pacific's uneven hotel recovery, with disparities in regional growth, labor challenges, rising costs, and a positive 2025 outlook driven by MICE demand despite lingering tourist shortfalls.

Kuala Lumpur’s hotel pipeline features multiple new luxury developments—led by The Langham, Waldorf Astoria, Kimpton, and Conrad—that will add nearly 2,000 rooms in the coming years.

OYO has acquired G6 Hospitality from Blackstone and will focus on growing and enhancing the Motel 6 and Studio 6 brands through technology integration, property upgrades, and expanded distribution, while maintaining existing agreements and leadership changes.