Macau

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

Macau had 2,928 hotel rooms under construction by the end of 2024, with a total of 4,229 potential new rooms if all planned projects are approved.

Macau's hotel occupancy rate rose to 86.4% in 2024, with five-star hotels leading at 88.6%, despite a decline in available guest rooms.

Minor Hotels plans to exceed 850 properties by 2027, expanding globally with nearly 300 new hotels, a more balanced portfolio, and a focus on key markets like North America, North Asia, and India.

Sri Lanka aims to attract three million tourists in 2024, with new hotel developments and significant growth in Indian visitors leading the way.

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.

Japan’s booming tourism, driven by a weak yen and rising demand, has pushed hotel costs so high that even business travelers are priced out, prompting shifts to alternatives like Airbnb and further tax hikes in places like Kyoto.

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.

Thailand welcomed over 35 million tourists in 2024 with record-high occupancy rates, and aims for even more arrivals and revenue in 2025.