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Asian hospitality updates: Macau hotel occupancy rises, new openings in China/Japan, casino developments across region.

Hotel industry executives showed subdued optimism at NYU Conference amid macro uncertainty and flat transaction growth expectations.

The Crest Collection expands globally with new properties like Le Clef Bangkok and first Saudi Arabia location in 2028.

STR data indicates China's hotel market continues to struggle with a 3.1% RevPAR decline despite facing an easy comparison to last year's significant 21.1% drop.

Marriott Vacations, Hilton Grand Vacations, and Travel + Leisure saw their target prices cut by Goldman Sachs. Plus other industry news.

Richie Karaburun, clinical associate professor at NYU, is worried. But the hospitality industry continues growth with new hotels, acquisitions, and expansions across the US and Europe despite tariff concerns.

China rates soften while demand rises. Hotel groups expand across Asia-Pacific with new properties in India, China, Australia and Fiji amid mixed tourism trends.

CoStar forecasts modest U.S. RevPAR and ADR growth through 2027—with luxury and upper upscale segments leading—despite real RevPAR remaining below 2019 levels.

Singapore is on track to exceed pre-pandemic tourism spending in 2024 and expects up to 18.5 million visitors generating over S$30 billion in receipts by 2025.

Vietnam’s tourism sector saw a 41% year-over-year increase with over 14.1 million international visitors in the first 10 months of 2024, driven largely by air travel and arrivals from Asian markets.