India's organized hotel industry is set to exceed 3 million rooms by 2029, driven by religious tourism, rising incomes, infrastructure projects, and major airport developments.
December 2024 saw strong RevPAR growth across Asia Pacific, with Vietnam, Japan, Thailand, and India leading the region, signaling a positive trend for 2025.
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.
Hilton has achieved 1,000 hotels in Asia Pacific ahead of its 2025 goal, with plans to double its portfolio and expand significantly in Greater China and Southeast Asia.
Colliers Philippines advises local hotel developers to partner with foreign brands to capitalize on tourism growth and airport modernization in the country.
Melbourne's hotel performance in October surged due to concerts by Olivia Rodrigo and Coldplay, the Melbourne Marathon, and Melbourne Fashion Week, with occupancy, ADR, and RevPAR reaching record highs.
Vietnam’s tourism sector saw a 41% year-over-year increase with over 14.1 million international visitors in the first 10 months of 2024, driven largely by air travel and arrivals from Asian markets.
Marina Bay Sands in Singapore launched a new brand vision, "Above Beyond," as part of a $1.75 billion transformation to elevate its hospitality, including revamped suites, expanded butler services, and upgraded facilities across its three hotel towers.