Lemon Tree Hotels

In Indonesia, hotel occupancy rates in several regions have plunged to as low as 20% as the budget cuts have stripped away a vital source of income for hotels.

OYO plans to add 500 hotels in key religious hubs across India this year, focusing on high-quality accommodations for pilgrims and visitors.

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.

Wyndham Hotels & Resorts, the largest U.S.-based hotel company in China, has signed nearly 600 franchise agreements and opened almost 300 hotels in China over five years.

Marriott's St. Regis brand has opened its 60th global property, The St. Regis on the Bund, Shanghai, offering luxury accommodations, butler service, and multiple dining and wellness amenities.

Australians are traveling in record numbers in 2024, with significant growth in both outbound and inbound tourism, particularly between Indonesia, Japan, and China.

Kamah Hotels & Resorts has partnered with Wyndham Hotels & Resorts in a $70 million deal to develop four new hotels in Dubai and India, focusing on luxury and wellness hospitality under the Trademark Collection by Wyndham brand.

Hyatt Hotels Corporation has acquired Standard International's brands, expanding its asset-light portfolio in Asia with upcoming properties such as The Standard, Singapore, and The StandardX in Bangkok Phra Arthit, along with Standard Residences under development in Phuket and Hua Hin.

Singapore's hotel market is thriving with high-end travelers and strong occupancy, while Hong Kong is focusing on budget-conscious visitors as its luxury sector struggles to recover.

Thai hotels are seeking compensation from the German Embassy and the Tourism and Sports Ministry for losses due to the collapse of German tour company FTI Group.