North Korea Opens Wonsan Kalma Coastal Tourist Zone
North Korea tourism is a topic again. China hotel RevPAR down 7.7% YoY. Thailand faces more tourist cancellations. Macau hotel sold. And more hotel news.
Lombok
Hyatt Launches Unscripted Brand for Essentials Portfolio
New Unscripted by Hyatt brand focuses on collection-style approach as company expands select service offerings.
Hyatt's Standard Acquisition Adds Properties in Bangkok and Singapore
Hyatt Hotels Corporation has acquired Standard International's brands, expanding its asset-light portfolio in Asia with upcoming properties such as The Standard, Singapore, and The StandardX in Bangkok Phra Arthit, along with Standard Residences under development in Phuket and Hua Hin.
Hyderabad and Mumbai Lead Indian Hotels' Growth
The Indian hotel industry saw a 4.8% RevPAR growth in 2Q24, with Hyderabad leading the gains, while Mumbai hotels topped in occupancy, ADR, and RevPAR, despite a dip in overall occupancy due to summer vacations and reduced corporate travel.