Manila

Asia-Pacific

China and Singapore to Launch Bilateral Visa-Free Policy

IHG chose Kuala Lumpur as the site of its 150th Hotel Indigo. The new hotel features unique amenities like a living vertical garden and a large-scale installation made from recycled plastic bottles. Pro-invest is preparing to sell an $800 million hotel portfolio, including eight Holiday Inn Express properties across Australia and New Zealand. Best Western is launching its first Aiden property in Southeast Asia in Phu Yen, Vietnam.
Asia-Pacific

China to Drop Visa Requirement for Select Countries

China launches a pilot project allowing visa-free travel for visitors from several countries, with Malaysia reciprocating for Chinese and Indian visitors. IHG, Accor, SM Hotels, Hilton, and Artyzen Hospitality Group announce new properties and partnerships across Asia. The former Palazzo Versace in Australia is up for sale with a $100 million price tag.
Asia-Pacific

New StandardX Brand Will Debut in Melbourne

Singapore saw a significant rise in international visitor arrivals in October, notably from China and Indonesia. Meanwhile, The Philippines plans to develop 48 new hotels by 2028. Several hospitality brands announced major expansions, including The Standard International’s new The StandardX in Melbourne, Australia, and Accor opening Mercure Tokyo Haneda Airport. Indian Hotels Company formalized a partnership for a new Vivanta hotel in Kochi, India, and Crowne Plaza in Chennai, India will be replaced by luxury apartments.
Asia-Pacific

China YoY RevPAR Growth up 103% but Still Short of 2019

China experiences a significant year-over-year increase in hotel **RevPAR**, while **India** anticipates robust growth in the hotel industry, driven by domestic and international tourism. Sri Lanka aims to revive its economy by offering free tourist visas to visitors from seven countries, as it targets five million foreign arrivals by 2026. Major hotel chains like Marriott, Hilton, and Red Planet are expanding their presence in Asia, while Sarovar Hotels opens an upscale Golden Tulip in Bhopal, India.
Asia-Pacific

Marriott’s Northern Marianas Venture Marks Milestone Expansion

Marriott expands into CNMI with the first Marriott hotel in the Northern Marianas Islands in 2025, partnering with Honest Profit International Ltd for management. YOHO Treasure Island Resorts World Hotel in Macau announces its official opening after a four-month soft opening period, offering 600 rooms initially, and Melia Hotels International plans to open ME by Melia hotel in Guangzhou, Asia Pacific, in 2027. DigiPlus Interactive Corp backpedals on plans to develop land in Boracay, Philippines, after a public dispute with former partner Galaxy Entertainment Group.
Asia-Pacific

Macau Casinos Experience High Demand as Golden Week Approaches

Macau hotels experience high demand during Golden Week, with standard rooms sold out for at least three nights at 22 casino-associated properties, some offering rooms at around US$400 per night. Samhi Hotels raises Rs 1,370 crore through an IPO, with plans to use the proceeds for debt repayment and corporate purposes, resulting in a 7% trading increase from the IPO price. Blue Chandra Pte Ltd. also sells 50% of its equity holdings in SAMHI. Marriott International opens a Four Points by Sheraton resort in the Philippines and rebrands Le Meridien Phuket Mai Khao Beach Resort in Thailand, while Hilton debuts the Hilton Maldives Amingiri Resort & Spa. Hyatt announces the construction of the Hyatt House South Melbourne in Australia for a 2025 opening.
Asia-Pacific

Foreign Investment to Japan’s Hotels Top $2 Billion This Year to Date

Foreign investors like Goldman Sachs, KKR, and Blackstone have invested $2 billion in Japanese hotel deals this year, driven by a hotel business rebound and favorable exchange rates. Hilton plans substantial growth in Southeast Asia, introducing a new Hilton Garden Inn prototype and adding seven new hotels in Malaysia, including new brands like Curio Collection and Waldorf Astoria. Accor expands across Asia with 30 new hotels, focusing on markets like Japan, Vietnam, Indonesia, and India, while also partnering to introduce the Swissotel brand to Malaysia with Swissotel Genting Highlands.
Asia-Pacific

China’s Hotel Construction Pipeline Soars With 678,965 Rooms

China has a hotel construction pipeline of 3,666 projects with 678,965 rooms. Mid-level upscale and upper midscale projects are active. Hilton, IHG, and Marriott lead the franchise companies. Vietnam’s luxury hotel supply grew 6.2% in H1 2023, with 235 five-star and 354 four-star hotels. The country served 4.3 million overnight visitors. Accor plans 10+ new hotels in India and supports unbranded hotels with the Cozzet Collection.
Asia-Pacific

The Women’s World Cup Hotel Booking Bounce

Australia and New Zealand hotels saw revenue rise during FIFA Women’s World Cup, especially in Wellington and Auckland. Singapore Expands Hotel Hiring: Singapore permits hiring from six new countries to meet growing hotel sector demands. Macau’s tourism recovers with high visitor counts and new hotel offerings, including Raffles Hotel.
Asia-Pacific

Accor’s $300 Million in APAC Hotel Renos and Refurbs

Accor Pacific’s partners have invested over $300 million in hotel renovations and refurbishments across various locations in the Pacific region to enhance guest satisfaction and maintain a leading position in the industry. Centara Udon in Thailand underwent renovations and now offers remodeled facilities, new dining options, and event spaces. S Hotels and Resorts PCL is set to open SO/ Maldives , a new resort on a private island with beachfront and over-water pool villas, and various dining venues in November 2023.