Singapore

Asia-Pacific

Growth Disparity in Asia-Pacific Hotel Markets

CoStar's STR reports uneven growth across Asia-Pacific markets in 2024, with Japan and Vietnam showing the strongest potential for continued growth.

Alan Woinski | 13 hours ago

Asia-Pacific

India Leads Asia Pacific Hotel Growth

India is poised to lead Asia Pacific's hotel market in 2024, with record-breaking hotel investments and signings, particularly in Tier-2 cities.

Alan Woinski | 1 week ago

Asia-Pacific

Leela Owner Files for an IPO

Schloss Bangalore, owner of The Leela hotel chain, has filed for a US$599 million IPO to fund expansion and debt repayment, with Morgan Stanley, BofA Securities, JPMorgan, and Citi managing the issue.

Alan Woinski | 2 weeks ago

Asia-Pacific

Singapore, Hong Kong Hotel Markets Competition Intensifies

Singapore's hotel market is thriving with high-end travelers and strong occupancy, while Hong Kong is focusing on budget-conscious visitors as its luxury sector struggles to recover.

Alan Woinski | 3 weeks ago

Asia-Pacific

Oberoi Family Fight Hasn’t Stopped Hotel Growth

EIH Ltd plans to build new hotels in Pune and London, while facing a legal family dispute over the company.

Alan Woinski | 3 weeks ago

Asia-Pacific

Business Travel Grows in APAC

Strong passenger demand, in-person events, and positive industry momentum are driving business travel growth, with global passenger demand up 9.1%, hotel occupancy nearing 70%, and steady travel demand expected through the next quarter.

Alan Woinski | 4 weeks ago

Asia-Pacific

APAC Hotel Management Terms Rise to 17 Years on Average

The Hotel Management Contract Survey 2024 by JLL and Baker McKenzie found that the average term of hotel management agreements in Asia Pacific increased to 17.4 years, with varying durations by market, declining base fees, rising sales and marketing fees, and a growing focus on performance-based incentive fees and termination provisions.

Alan Woinski | 1 month ago

Asia-Pacific

PATA’s Tourism Recovery Scenarios for Asia Pacific

The Pacific Asia Travel Association (PATA) laid out tourism recovery scenarios for the Asia Pacific, predicting a slow recovery with 2024 arrivals still 31% below 2019 levels, and a range of outcomes for Thailand by 2026.

Alan Woinski | 1 month ago

Asia-Pacific

Japan Sets New Visitor Record for Second Consecutive Month

Japan set a new monthly record of 3.29 million foreign visitors in July, driven by the weak yen and summer holidays.

Alan Woinski | 2 months ago

Asia-Pacific

Philippines Holds on to 2024 Tourist Targets

The Philippines aims for 7.7 million tourists in 2024 despite challenges, with South Korea as the top source market and a significant increase in visitor receipts this year.

Alan Woinski | 2 months ago