Taiwan

Accor joins hotel groups across Asia in expanding their portfolios in Taiwan, Singapore, Malaysia, India, and Japan.

Singapore’s hotel sector is experiencing steady growth driven by tourism, lifestyle brands, and evolving accommodation trends, though recovery is hampered by low visitor numbers from China.

Kyoto plans to introduce Japan's highest accommodation tax—up to 10,000 yen per night—by 2026 to curb overtourism and potentially double its annual revenue.

Marriott International is expanding its luxury portfolio with new brand extensions, experiential travel offerings, and over 260 properties in development, solidifying its leadership in high-end hospitality.

Colliers Philippines advises local hotel developers to partner with foreign brands to capitalize on tourism growth and airport modernization in the country.

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.

Capella Hotels announced the opening of Capella Kenting, a world-class resort in Southern Taiwan, set for 2028, featuring Taiwan's largest hotel rooms and extensive luxury amenities.

Fitch Ratings revised its 2024 outlook for APAC lodging to improving from neutral due to robust recovery in travel and RevPAR in 1Q24, anticipating strong rebound in China's outbound tourism to support overall APAC hotel occupancy and growth.

In the first quarter of 2024, South Korea’s hotel industry saw significant growth in average daily rates and RevPAR, driven by key tourist destinations, but investment activity remained subdued despite limited future supply and expected continued success in luxury and upscale segments.

The tensions with the Maldives have Indian tourists diverting to other coastal tourist destinations and Sri Lanka is already reaping the benefits, surpassing Maldives in the number of tourists for the first time.