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.
JLL's new Hotel Operators Investment Survey highlights Asia Pacific's uneven hotel recovery, with disparities in regional growth, labor challenges, rising costs, and a positive 2025 outlook driven by MICE demand despite lingering tourist shortfalls.
IHG Hotels and Resorts is expanding in India with the Holiday Inn Resort Dharamshala opening in 2027 and the InterContinental Kodaikanal Resort debuting in 2028, featuring luxury amenities and strategic leisure offerings.
The Philippines aims for 7.7 million tourists in 2024 despite challenges, with South Korea as the top source market and a significant increase in visitor receipts this year.
Thailand is expected to reach pre-pandemic tourism levels of 40 million arrivals this year and potentially 50 million by 2028, contingent on avoiding global or local crises – not to mention whether or not they add casinos.
Marriott International expands its presence in Seoul while luxury brands like Aman Group, Rosewood Hotels & Resorts, and IHG Hotels & Resorts are also entering the South Korean market.
Taylor Swift's concerts in Singapore led to record hotel performance in March, with significant increases in occupancy, average daily rate, and revenue per available room.