Melbourne

Asia-Pacific

Melbourne Hotels See Lift From Major Concerts

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.

Alan Woinski | 3 weeks ago

Asia-Pacific

Vietnam Sees 41% YoY International Visitor Bump Over First 10 Months

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.

Alan Woinski | 3 weeks ago

Asia-Pacific

Marina Bay Sands Completes Latest Phase of Reinvestment Plan

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.

Alan Woinski | 4 weeks ago

Asia-Pacific

Grand Nikko Tokyo Daiba Sold for $691 Million

TPG Angelo Gordon, in partnership with Kenedix, is purchasing the Grand Nikko Tokyo Daiba hotel from Hulic Co. for $691 million as part of its strategy to invest in opportunistic real estate in Asia.

Alan Woinski | 1 month ago

Asia-Pacific

Philippines Adds 40,000 Hotel Rooms

Leechiu Property Consultants reported 158 new hotel projects across the Philippines, adding 40,084 rooms, with full recovery in foreign arrivals expected by 2026, generating PHP250 billion in investments and 57,000 jobs.

Alan Woinski | 2 months ago

Asia-Pacific

India Leads Asia Pacific Hotel Growth

India is poised to lead Asia Pacific's hotel market in 2024, with record-breaking hotel investments and signings, particularly in Tier-2 cities.

Alan Woinski | 2 months ago

Asia-Pacific

IHG Debuts Garner Brand in Thailand

IHG Hotels & Resorts is expanding its presence in Thailand by introducing its new brand, Garner, and aiming to double its hotel portfolio in the country.

3 months ago

Asia-Pacific

PATA’s Tourism Recovery Scenarios for Asia Pacific

The Pacific Asia Travel Association (PATA) laid out tourism recovery scenarios for the Asia Pacific, predicting a slow recovery with 2024 arrivals still 31% below 2019 levels, and a range of outcomes for Thailand by 2026.

Alan Woinski | 3 months ago

Asia-Pacific

Asia-Pacific’s Record Hotel Pipeline – Minus China

India, Vietnam, Indonesia, Thailand, and Japan lead this quarter’s hotel construction pipeline in the APEC region. China doesn’t make an appearance.

Alan Woinski | 4 months ago

Asia-Pacific

Amex Reports on Thai Travel Plans for 2024

The majority of Thais plan to travel more this year, favoring bucket list trips and domestic destinations like Chiang Mai and Phuket, with Japan as the top international choice.

Alan Woinski | 4 months ago