APAC Hotel Construction Pipeline at End of Q4

• According to Lodging Econometrics’ Q4 Construction Pipeline Trend Report for the Asia Pacific region, excluding China, the region’s total construction pipeline stands at 1,903 projects/404,222 rooms, up 5% by projects and 2% by rooms YOY.
• South Korea’s government will remove its entry restrictions for short-term travelers from China.
• Singapore property tycoon Koh Wee Meng, via his entity JK Global Wealth, made an offer of 12 cents a share for the rest of developer Global Dragon.

South Korea’s government will remove its entry restrictions for short-term travelers from China. Associated Press said the South Korean officials believe the Covid situation in China is stabilizing. It will begin processing short-term visa applications again but will also maintain its testing requirements for now. All passengers from China, Hong Kong and Macau will need […]