The heirs of Dusit Thani’s founder refused to approve audited 2024 financial statements, delaying auditor appointments and triggering a trading suspension.
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.
Minor International plans to expand in the U.S. with an Anantara hotel by early next year, driven by The White Lotus' success, which has boosted bookings at its Thai resorts.
India's organized hotel industry is set to exceed 3 million rooms by 2029, driven by religious tourism, rising incomes, infrastructure projects, and major airport developments.
Visitor arrivals to the Philippines increased in January, with South Korea remaining the top source despite a decline, while Cambodia expects more Chinese tourists in 2025.