Best Western

Hotel Equities and Springboard Hospitality merged, plus other hotel news.

International visitor arrivals, under PATA's medium scenario, to Asia Pacific are projected to reach 813 million by 2027.

Canadian hotel investment surged in 2024, surpassing $2 billion, driven by strong market fundamentals, investor confidence, and heightened competition for quality assets.

In 2025,STR and Tourism Economics forecast moderate RevPAR growth across Europe (2.4%), Asia Pacific (4.7%), the Middle East (2.8%), and the U.S. (1.8%), driven by market shifts and supply dynamics.

Singapore’s sovereign wealth fund GIC secured priority rights to acquire three South Korean hotels from DL Group for $413 million.

Minor International plans to reduce $7 billion in liabilities by launching a real estate investment trust, while expanding its global hospitality portfolio, including new ventures in Japan and Singapore.

Hyatt Hotels is expanding its select service pipeline by 25% in the Americas, with significant global growth of its Caption by Hyatt and Hyatt Studios brands, while also upgrading its Hyatt House and Hyatt Place brands for better efficiency and guest experience.

IHG Hotels & Resorts is expanding its presence in Thailand by introducing its new brand, Garner, and aiming to double its hotel portfolio in the country.

Vietnam's hotel industry is struggling due to slow tourism recovery, oversupply, and poor planning, despite near pre-pandemic room rates and increased interest in lifestyle and focused service hotels.

Hilton is dramatically expanding its portfolio of luxury hotel experiences with the addition of nearly 400 boutique properties from the Small Luxury Hotels of the World collection.