Hyderabad

International visitor arrivals to Vietnam increased by 58.4% to over 8.8 million in the first half of 2024, with South Korea being the largest source market.

In February 2024, major Indian hotel markets experienced near double-digit ADR growth and slightly higher occupancy rates, with notable increases in Hyderabad and Goa despite occupancy dips, and overall performance surpassing February 2019 levels.

Berjaya Land Bhd plans to expand its presence in Japan by developing at least ten Four Seasons hotels and resorts, starting with the groundbreaking for the Four Seasons Resort & Private Residences Okinawa.

Radisson signed a deal to expand in Cambodia and announced even larger growth on its own across India.

Nomura reports that China's outbound tourism faces significant recovery challenges through 2024-2025, due to eased supply constraints but hampered by economic issues and reduced consumer demand, with a forecasted recovery to 73% of 2019's travel levels by year-end.

China's hotel Revenue Per Available Room (RevPAR) increased by 46.5% for the week ending November 25, 2023, compared to a 2.2% increase year-over-year but was down 2.8% compared to 2019. Curio Collection by Hilton is set to reach its 150th opening by the end of 2023, with 19 new properties, including 10 first-in-market hotels, such as in Kenya, Vietnam, Monaco, Australia, Argentina, and Curacao. Courtyard by Marriott Bangkok Suvarnabhumi Airport opened on December 1, being the largest in Thailand with 468 rooms and multiple dining options.

79% of markets showed growth in Revenue Per Available Room (RevPAR) compared to 2019, with countries like the United Arab Emirates, South Korea, and Singapore leading. Wyndham Hotels & Resorts is set to open over 10 new hotels in Malaysia, and BWH Hotels announced a new upscale hotel in Vietnam, indicating significant growth and investment in the Asian hospitality market. Chinese airlines are canceling flights to Thailand amidst decreasing traveler numbers, despite visa waivers. Meanwhile, the Philippines surpassed its target for international visitor arrivals, with South Korea being the top source market.

Chinese Hotel Performance: Hotel RevPAR in China increased by 37% compared to the same week last year, despite a strong 107.7% increase from a year ago. In comparison to 2019, RevPAR rose by 16.9%. Chinese Travelers in Singapore : Chinese tourists were the largest source of visitors to Singapore in July, doubling their numbers from June. Singapore experienced a 104.2% increase in visitor arrivals from China, contributing to a 95.3% year-on-year rise in total arrivals for the month. Hotel Openings and Expansions : Accor is partnering with Sarin Hotels for a new Sebel hotel in Wellington, New Zealand; Hotel Marvell, Byron Bay's first five-star hotel, is opening with luxurious amenities; Melco Resorts' W Macau hotel will open in Macau's Studio City with 557 rooms; and Narai Hospitality Group is set to open Lub d Japan Osaka Honmachi, expanding their presence globally.

HVS Anarock  released their Hotels & Hospitality Overview for  India for the second quarter. The Macao Government Tourism Office said Macau received over 93,000 daily visitors in the first three days of August, up from an average of 89,000 daily visitor arrivals in July. The Tourism Authority of Thailand is turning its focus to the Middle East with the goal of attracting 400,000 visitors from the region this year

China's summer resort tourism market reaches 1.2-1.5 trillion yuan as residents seek refuge from heat waves. The Philippines Bureau of Immigration expects a 20% increase in tourist visa extensions with the launch of its electronic services platform. SC Capital Partners acquires a portfolio of 27 resort hotels in Japan , focusing on revenue increase and refurbishment works.