Bhopal

Hilton plans to double its Indian presence, bringing Waldorf Astoria, Conrad, and LXR brands while DoubleTree remains its largest footprint.

Tourism is booming across Asia with hotels reporting high bookings for May Day Golden Week and companies like Ascott Limited expanding their portfolios. Thailand said it would continue its subsidy scheme for domestic tourists during the low season.

Major hotel chains including Hilton, Hyatt, IHG, and Dusit International are rapidly expanding their presence across Asia Pacific.

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.

China experiences a significant year-over-year increase in hotel **RevPAR**, while **India** anticipates robust growth in the hotel industry, driven by domestic and international tourism. Sri Lanka aims to revive its economy by offering free tourist visas to visitors from seven countries, as it targets five million foreign arrivals by 2026. Major hotel chains like Marriott, Hilton, and Red Planet are expanding their presence in Asia, while Sarovar Hotels opens an upscale Golden Tulip in Bhopal, India.

China hotel RevPAR rose 62.1% year over year, up against a 14% comp. Fiji ’s Deputy Prime Minister and Minister of Tourism announced they have recovered 71% of their tourist numbers since the reopening of their borders. Low-cost Singapore-based airline Scoot has outlined plans to triple the number of weekly flights to and from China by April.

The number of foreign visitors to Japan rose to nearly 500,000 in October, the first month it fully reopened to overseas visitors after more than two years of being closed due to Covid restrictions. Visitor arrivals to Macau in October totaled 580,333, up just 4% from September despite October being a month with a Golden Week. Radisson Hotel Group is planning to grow its portfolio in India from 140 hotels to 200 in FY24.