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Asia-Pacific
Oberoi to Double Its Hotel Room Count by 2030
Oberoi Group plans to open 50 new hotels by 2030, doubling the number of rooms under management. -
Asia-Pacific
Hyatt’s Pipeline is 40% in China
Hyatt aims to expand its presence in China’s economy and midscale hotel segments, leveraging local partnerships and focusing on second and third-tier cities. -
Asia-Pacific
Sri Lanka Steals Tourism Share From Maldives
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. -
Asia-Pacific
Chinese Outbound Travel Expected to Surge to Visa-Free Destinations
China’s outbound travel bookings for the upcoming Chinese New Year holidays have surged more than 10 times compared to the previous year. -
Asia-Pacific
Sydney Hotels Achieve Record-Breaking Occupancy and Rates
Sydney hotels achieved their highest occupancy levels on New Year’s Eve at 94% followed by 93.8% on December 2nd. There were only two days in the month when occupancy was not above the 60% mark. -
Asia-Pacific
China and Singapore to Launch Bilateral Visa-Free Policy
IHG chose Kuala Lumpur as the site of its 150th Hotel Indigo. The new hotel features unique amenities like a living vertical garden and a large-scale installation made from recycled plastic bottles. Pro-invest is preparing to sell an $800 million hotel portfolio, including eight Holiday Inn Express properties across Australia and New Zealand. Best Western is launching its first Aiden property in Southeast Asia in Phu Yen, Vietnam. -
North America
Morgan Stanley Is Bullish on Hotel Sector
Morgan Stanley remains optimistic about the hotel industry’s growth, forecasting a 2% RevPAR growth globally for next year, with potential for higher growth. Selina Hospitality faces stock value decline and plans for delisting from Nasdaq. The Leading Hotels of the World welcomed new members, including newly opened or renovated hotels in New York, California, China, France, Greece, Spain, Italy, and Venice. -
Asia-Pacific
New StandardX Brand Will Debut in Melbourne
Singapore saw a significant rise in international visitor arrivals in October, notably from China and Indonesia. Meanwhile, The Philippines plans to develop 48 new hotels by 2028. Several hospitality brands announced major expansions, including The Standard International’s new The StandardX in Melbourne, Australia, and Accor opening Mercure Tokyo Haneda Airport. Indian Hotels Company formalized a partnership for a new Vivanta hotel in Kochi, India, and Crowne Plaza in Chennai, India will be replaced by luxury apartments. -
North America
Wyndham Wants No Part of Choice’s Hostile Takeover Bid
Short of taking out a billboard or skywriting, we have no idea how much more Wyndham Hotels & Resorts can do to tell Choice Hotels to go away on its bid. With the Fed expected to be done with its interest rate hike cycle, we expect the attention will turn to the Lodging REITs shortly. Marriott International’s Aloft Hotels said Aloft Lake Nona announced its December opening in the Lake Nona community of Orlando, Florida. -
North America
Marriott Is Upgrading Caribbean Properties
Marriott International, Hyatt, CBRE, Xenia Hotels & Resorts, Airbnb, and others, experienced shifts in ratings, acquisitions, and expansions. Renovations & Openings: Numerous hotels underwent renovations, expansions, and rebranding across cities like Boca Raton, Key West, and Tempe. Ongoing projects in Virginia, Alabama, and Texas showcase substantial financial commitments, indicating growth and expansion in these regions.