Vietnam experienced a 30% increase in international tourist arrivals in 1Q25, year-over-year. That puts it sixth globally and first in the APAC region. Plus hotel development news...
STR data indicates China's hotel market continues to struggle with a 3.1% RevPAR decline despite facing an easy comparison to last year's significant 21.1% drop.
Riyaz partners with Jin Jiang Hotels to expand five brands across Southeast Asia, signing first management agreement for Metropolo in Luang Prabang, Laos.
Cambodia saw a 13.3% year-on-year rise in January tourist arrivals, led by Thailand, Vietnam, and China, with a 2025 forecast of up to 7.5 million visitors.
Minor International plans to expand in the U.S. with an Anantara hotel by early next year, driven by The White Lotus' success, which has boosted bookings at its Thai resorts.
Ayala Land Inc. plans to invest over $500 million in expanding its hotel portfolio to 8,000 rooms by 2030, focusing on new developments, international partnerships, and upgrading existing properties.