Siem Reap

Hyatt Hotels plans to expand its Asia-Pacific portfolio by 67% with over 200 new hotels to meet rising demand from young, affluent travelers.

Las Vegas Sands’ Marina Bay Sands in Singapore’s expansion plans received another increase. Marina Bay Sands said they launched the second phase of its significant reinvestment program.

Banyan Tree Group is celebrating its 30th anniversary with the change in name to Banyan Group. The company said the brand shift reflects the group’s evolution into a dynamic, multi-brand hospitality powerhouse.

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.

STR reported China hotel RevPAR for the week ended 8/20 was up 89.7% year over year, up against an easy -43.4%. Cambodia’s Ministry of Tourism said that while tourism is recovering, almost 50% of businesses in Cambodia’s main tourism hub of Siem Reap are still closed . In India, mid-sized hotel brands have embarked on aggressive plans and are signing up hotels at a record pace, encouraged by a major turnaround in performance across the country.