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Asia-Pacific
Vietnam Hits a New Post-Pandemic Tourism High
Sri Lanka Tourism outlined key strategies to double the arrivals to 1.5 million and generate an income of over $5 billion highlighting the sector as a major economic driver. The number of international tourists arriving in Vietnam reached 596,900 in November, the highest monthly total since the start of the Covid-19 pandemic. Marriott International announced the opening of Le Meridien Seoul Myeongdong and Moxy Seoul Myeongdong , showing how they continue to expand their lifestyle offering in Seoul, South Korea . -
Asia-Pacific
Asia-Pacific Construction Pipeline at Close of Q3
The supposed reopening trade for China stocks hit a speed bump as the realization set in with investors that Covid cases are not going down, in fact they continue to go up. ONYX Hospitality Group said they reinforced their expansion plan with a strategic focus on its home territory of Thailand and neighboring destination, Malaysia . According to the recent Q3 2022 close of the Construction Pipeline Trend Report , Asia Pacific’s total construction pipeline, excluding China, stands at 1,881 projects. -
Asia-Pacific
Europe Will Supersede APAC as Leading Travel Region
A new report from international travel industry analysts, the Centre for Aviation , predicts the Asia Pacific region will no longer be the world’s largest travel region by the end of 2022. Hyatt Hotels announced the opening of the Fuji Speedway Hotel in Shizuoka, Japan , the first property within The Unbound Collection by Hyatt brand in Japan. Business Line reported Accor plans to divest its stake in Indian ventures , opting to go asset-light through management contract deals.