New Zealand

Australians are traveling in record numbers in 2024, with significant growth in both outbound and inbound tourism, particularly between Indonesia, Japan, and China.

CoStar's STR reports uneven growth across Asia-Pacific markets in 2024, with Japan and Vietnam showing the strongest potential for continued growth.

China has introduced a visa-free policy for citizens of 17 European countries, allowing short stays of up to 15 days to boost tourism and business travel until the end of 2025.

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

EIH Ltd plans to build new hotels in Pune and London, while facing a legal family dispute over the company.

Hilton plans to significantly expand its luxury hotel portfolio in Asia Pacific, aiming to surpass 150 properties by partnering with Small Luxury Hotels of the World and introducing new luxury brands to the market.

JLL's latest survey forecasts mixed fortunes for the Asia Pacific hotel sector in 2024/2025, with optimism in North, South, and Southeast Asia, caution in Australasia and Greater China, and varied expectations for revenue, occupancy, and Capex investments.

The Philippines aims for 7.7 million tourists in 2024 despite challenges, with South Korea as the top source market and a significant increase in visitor receipts this year.

Despite a rebound in tourism, many Vietnamese hotels face financial troubles and are being auctioned.

China introduces new measures to enhance travel flexibility and document processing for mainland citizens visiting Macau and Hong Kong, effective May 6.