Cygnett Hotels & Resorts

Thailand’s legislature is considering legalizing casino resorts, anticipating a potential increase of US$12 billion in tourism revenue.

Deutsche Hospitality has undergone a rebranding and is now known as H World International. The strategic move is aimed at bolstering the global expansion efforts of its parent company, H World,

Taiwan’s travel industry expects inbound tourism to recover, with five new luxury hotels opening this first half of 2024.

Nomura reports that China’s outbound tourism faces significant recovery challenges through 2024-2025, due to eased supply constraints but hampered by economic issues and reduced consumer demand, with a forecasted recovery to 73% of 2019’s travel levels by year-end.

China has a hotel construction pipeline of 3,666 projects with 678,965 rooms. Mid-level upscale and upper midscale projects are active. Hilton, IHG, and Marriott lead the franchise companies. Vietnam’s luxury hotel supply grew 6.2% in H1 2023, with 235 five-star and 354 four-star hotels. The country served 4.3 million overnight visitors. Accor plans 10+ new hotels in India and supports unbranded hotels with the Cozzet Collection.

Vietnam hotels face challenges: Recession and sluggish tourism lead to hotel sales and closures. High demand in Fiji tourism: Shortage of 4,000 hotel rooms, increased spending. New hotel developments in Asia: 25hour hotel in Jakarta , Lanson Place in the Philippines , Hilton Garden Inn in Islamabad .

Hotels in Vietnam, particularly in Ho Chi Minh City, are experiencing closures and are being listed for sale due to lower-than-expected visitors, revenue, and the need for capital expenditure. Centara Hotels & Resorts is entering the Japanese market with the opening of Centara Grand Hotel Osaka, featuring 515 rooms, world-class dining options, and extensive meeting facilities. The Philippines conglomerate Alliance Global Group plans to allocate Php4 billion for the expansion of Manila’s Newport World Resorts, part of a broader Php70 billion investment for 2023.

STR reported Sydney’s hotel industry recorded its highest performance levels of the pandemic-era. Chinese aviation data company VariFlight said domestic flight activity jumped to around 65% of pre-pandemic levels in China yesterday. OYO announced a new program ranking hotels that provide consistent and high-quality customer experience .

Vietnam’s tourism sector  is forecast to record US$11.1 billion in revenue in 2024, which would  exceed the 2019 tourism revenue number  of US$10.8 billion. Hotelivate said Tier-III cities with resort locations in India have seen the strongest recovery amid a rebound in leisure tourism. Accor is expanding its presence in the Philippines  with the signing of two new properties in Clark City.