-
Asia-Pacific
$750 Million Expansion of Las Vegas Sands’ Marina Bay Sands in Singapore
Las Vegas Sands’ Marina Bay Sands in Singapore’s expansion plans received another increase. Marina Bay Sands said they launched the second phase of its significant reinvestment program. -
Asia-Pacific
China Sees RevPAR Surge 54% Year-Over-Year
STR reported a 54.2% increase in China’s hotel RevPAR compared to last year, with Jakarta hotels reaching record occupancy and RevPAR levels, boosted by events like a Coldplay concert. Accor announced the opening of five new properties in Asia, along with the first Movenpick by Accor destination in Qingdao, China, as part of a strategic alliance with Sunmei Group, planning over 400 new properties across China. IHG, Radisson, and Wyndham announced new hotel openings in Amritsar, Surat, Goa, and Cebu, with IHG’s voco Amritsar Airport and Radisson’s Uday Palace Navsari targeting diverse locations. -
Asia-Pacific
Las Vegas Sands’ $3.3 Billion Singapore Expansion
Cushman & Wakefield reported significant growth in China’s hotel industry, with domestic tourism on the rise and strong performance in the hotel market. Las Vegas Sands is embarking on a $3.3 billion expansion project in Singapore, while Wyndham Hotels & Resorts is expanding in Vietnam, including a massive complex on Bai Dai beach. Fine Acers Hotels and Resorts Pvt Ltd is partnering with Wyndham Hotels & Resorts to open a luxury Wyndham Grand Hotel & Branded Residences in Amer, Jaipur, India. -
Asia-Pacific
Accor to Debut 400 Movenpicks in China
China hotel RevPAR up 40.6% YoY, surpassing decline from a year ago. Philippines reaches 3 million international visitor arrivals, tourism receipts increase by 502%. Accor’s partnership with Sunmei Group plans to open over 400 Movenpick by Accor hotels in China. -
Asia-Pacific
Japan Sees American Visitor Count Top 2019 Levels
American visitor arrivals to Japan increased by 3.6% in the first four months of 2023 compared to the same period in 2019, making the U.S. the only Western nation, apart from Mexico, to experience a rise in tourism to Japan. Hongkong Land unveiled its $8 billion Shanghai West Bund Financial Hub project, which will include office buildings, luxury residential apartments, hotels, a public art center, and retail spaces. The development will be completed in three phases by 2027, and Hongkong Land plans to roll out 10 new developments in China in the next five years. Macau Legend Development announced its intention to sell its Laos gaming operation for $45 million to a Japanese citizen, as the company has faced financial difficulties and its owner has been arrested. After the sale, Macau Legend will have remaining plans to build a hotel and casino in Cape Verde. -
Asia-Pacific
India’s Hotel Demand Is Outpacing Supply
An HVS Anarock report on the Indian hotel market shows the number of hotel rooms in tier-II and tier-III cities increased to 38% of the total inventory at the end of 2022 from 33% four years ago. Hyatt Hotels and Sun Hung Kai Properties announced the opening of Andaz Nanjing Hexi in Greater China . RCI , part of Travel + Leisure Co , announced its new affiliation with two luxurious resorts in Vietnam: APEC Mandala Phu Yen and APEC Mandala Retreat Kim Boi . -
Asia-Pacific
Marriott’s India RevPAR at 120% of 2019
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.