Rajasthan

Taylor Swift's concerts in Singapore led to record hotel performance in March, with significant increases in occupancy, average daily rate, and revenue per available room.

Hyatt aims to expand its presence in China's economy and midscale hotel segments, leveraging local partnerships and focusing on second and third-tier cities.

Hyatt Hotels Corporation announced the opening of Hyatt House Tokyo Shibuya. They reached an agreement with Tokyu Land Corporation earlier in the month for the 126-room hotel which includes 18 suites.

Minor International said they expect foreign tourist arrivals to Thailand to exceed 34 million, ahead of the government’s forecast.

Outbound travel from China surged significantly during the National Day Holiday, led by younger Chinese travelers. Indonesia became the top source market for Singapore's monthly visitor arrivals, with Chinese visitors staying longer on average. The Postcard Hotel is set to open India's most expensive hotel in Ranthambore and plans to launch several more hotels in 2024.

Global hotel businesses are rebounding to pre-pandemic levels except in Asia-Pacific. Vietnam lags in recovery with reduced Chinese tourism and increased flight costs, despite aggressive hotel development since 2016. Macau's August hotel occupancy averaged 88.7%, with significant visitor growth during the Golden Week, particularly from mainland China, showing signs of a robust recovery to near 2019 levels. Wyndham Hotels unveils its first Auckland hotel, Espire Hospitality launches the ZANA Forest Resort in India, and Ascott Limited partners with Vimut Hospital in Thailand to offer combined lodging and healthcare benefits.

Singapore Formula 1 Grand Prix expects lower attendance in 2023 but higher receipts compared to pre-Covid levels, with foreign attendees driving up hotel room rates. Rosewood Hotels & Resorts is expanding into New Zealand, adding three properties to its portfolio in the Oceania region. Mana Hotels expands beyond Rajasthan with a new homestay in Rishikesh, while IHG Hotels & Resorts plans to add more hotels to its Indian portfolio, with a focus on Holiday Inn and Holiday Inn Express brands.

Hotels in Vietnam, particularly in Ho Chi Minh City, are experiencing closures and are being listed for sale due to lower-than-expected visitors, revenue, and the need for capital expenditure. Centara Hotels & Resorts is entering the Japanese market with the opening of Centara Grand Hotel Osaka, featuring 515 rooms, world-class dining options, and extensive meeting facilities. The Philippines conglomerate Alliance Global Group plans to allocate Php4 billion for the expansion of Manila's Newport World Resorts, part of a broader Php70 billion investment for 2023.

Marriott International partners with Hiap Hoe Limited to bring the Aloft Hotels brand to Singapore, opening the largest Aloft branded hotel in the world with 785 rooms in Zhongshan Park. Pan Pacific Hotels Group unveils its flagship hotel, Pan Pacific Orchard, Singapore, featuring terraced greenery and a unique Atelier-in-Residence program, along with three dining concepts and a gin distillery. Gran Melia Nha Trang in Vietnam is set to open as an all-villa property with private pool villas, Asia's first outpost of the Spanish restaurant Hispania, and a range of wellness offerings.

STR gave their 2022 summary, saying among the global regions, Asia was the only one to see a decline in revenue per available room when compared with 2019. There seems to be a different in opinion about how Chinese New Year is going for the Asian region. Japan Today published an article saying Asia travel hotspots are quiet as Chinese tourists stay away, but the article seems to miss the true situation. Dow Jones, on the other hand, published an article saying China’s tourism sector has recovered to pre-pandemic levels with travelers venturing out during the Chinese New Year holidays.