Philippines

Cambodia 's international airports experienced a significant increase in passengers, with a 270% year-on-year growth in the first half of 2023. IHG Hotels & Resorts signed agreements for new hotels in Bhutan and Thailand , expanding its presence in these countries. Radisson Hotel Group achieved strategic growth in the APAC region, adding over 60 hotels to its portfolio, including milestone openings and signings.

The Philippines Department of Tourism surpasses its tourist arrival target for 2022 and sets a higher goal of 4.8 million tourists for 2023. Banyan Tree Group expands its portfolio with new hotel openings in Vietnam and Japan , along with plans for future properties in various countries. ITC considers demerging its hotels business and exploring alternative business structures after a strong recovery in the industry, with plans for separate listing of the hotel section.

Philippines aims to become a tourism powerhouse with a new slogan "Love the Philippines" and a five-year plan to boost visitor numbers. Mandarin Oriental in Guangzhou introduces child-friendly MiniMO Jungle Suites and Rooms with themed decor and exclusive amenities. Pan Pacific Hotels Group plans to open Pan Pacific Serviced Suites Bangkok in 2026, featuring 191 suites and leisure spaces.

Vietnam hotels face challenges: Recession and sluggish tourism lead to hotel sales and closures. High demand in Fiji tourism: Shortage of 4,000 hotel rooms, increased spending. New hotel developments in Asia: 25hour hotel in Jakarta , Lanson Place in the Philippines , Hilton Garden Inn in Islamabad .

Japan's hotel sector has seen a significant increase in overseas investment, reaching $691 million year-to-date. Construction and finance costs have led to the cancellation or delay of hotel projects in Australia, resulting in a reduction of almost 1,000 planned hotel rooms. Macau experienced a 270% year-on-year increase in visitor arrivals in May, with Mainland China being the largest source of visitors.

American visitor arrivals to Japan increased by 3.6% in the first four months of 2023 compared to the same period in 2019, making the U.S. the only Western nation, apart from Mexico, to experience a rise in tourism to Japan. Hongkong Land unveiled its $8 billion Shanghai West Bund Financial Hub project, which will include office buildings, luxury residential apartments, hotels, a public art center, and retail spaces. The development will be completed in three phases by 2027, and Hongkong Land plans to roll out 10 new developments in China in the next five years. Macau Legend Development announced its intention to sell its Laos gaming operation for $45 million to a Japanese citizen, as the company has faced financial difficulties and its owner has been arrested. After the sale, Macau Legend will have remaining plans to build a hotel and casino in Cape Verde.

Radisson Hotel Group will open the Radisson Hotel Ploenchit Bangkok in Q2 2024, aiming to double its footprint in Thailand by mid-2024. The Laguna, a Luxury Collection Resort & Spa, Nusa Dua, Bali , will open in July 2023 after a year of renovations, including the addition of new facilities and restaurants. Legoland Shenzhen Resort , the largest Legoland Resort in the world, is set to open in 2024, featuring theme parks, water parks, and three themed hotels.

Hotel industry in China shows strong recovery with a 60.4% increase in RevPAR compared to the previous year, despite a slight decline of -5.5% compared to 2019. Prominent hotel openings and expansions include Hotel Morris Sydney in Australia, JW Marriott Auckland in New Zealand, Hotel101 projects in Metro Manila and Cebu-Mactan in the Philippines, and Mondrian brand's global expansion. Anantara unveils luxurious villas in Qasr Al Sarab Desert Resort in the UAE, while IHG Hotels & Resorts announces the first voco resort in Egypt's North Coast, and Six Senses Amaala prepares to launch a captivating resort in Saudi Arabia as part of the Vision 2030 program.

Hilton, InterContinental, Melia, Wyndham, Accor, Hyatt, and Marriott are among the hotel chains expanding their presence in various cities across Asia-Pacific. New hotel openings and renovations are bringing luxury accommodations and unique experiences to destinations like Hainan Island, Bangkok, Singapore, Tokyo, Sydney , and more. From all-women managed hotels to rooftop pools and innovative dining options, these developments cater to the diverse needs of travelers seeking comfort, convenience, and memorable stays.

H World Group sells one-fifth of its OYO stake, generating 500% return on investment. Dalian Wanda Group seeks to offload assets amid financial challenges, including selling a Shanghai hotel and shopping malls. IHG Hotels opens new Holiday Inn property in Melbourne, featuring modern amenities and conference facilities.