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Asia-Pacific
Malaysian Budget Hotels to Raise Rates 30%
Malaysian budget hotel owners are raising room rates due to increasing operational costs and taxes, amidst pressures from unlicensed accommodations. -
Asia-Pacific
Taylor Swift Concerts Boost Singapore Hotel Performance
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. -
Asia-Pacific
Gaming in Thailand Wouldn’t Bring Immediate Benefits to Hotels
Maybank Securities forecasts significant revenue potential for Thai gambling complexes, but warns of initial profitability challenges and limited tourism industry benefits. -
Asia-Pacific
Shanghai Will Get a Mirage by MGM Hotel
Tishman Speyer partners with Diaoyutai MGM Hospitality to open Mirage by MGM Shanghai in 2027 within a new mixed-use tower at The Springs, featuring luxury rooms and upscale amenities. -
Asia-Pacific
Hyatt Plans 7 New Hotels in India
Hyatt Hotels said they plan to expand their footprint in India by opening seven new hotels and adding 1,115 keys across leisure and city destinations in 2024. -
Asia-Pacific
Accor Buys Back Some Shares from Jinjiang
Accor announced a share repurchase agreement was reached to buy back a block of seven million of its own shares as part of the €400 million share buyback program of Accor for 2024. -
Asia-Pacific
Philippines Begins 2024 With a 23% Tourism Bump
The Philippines Dept. of Tourism reported that from January to March 4 this year, over 1.23 million international travelers visited. -
Asia-Pacific
China Announces New Visa-Free Entry Rules
China introduces 15-day visa-free entry for citizens of six European countries, extending from March 14 to November 30, alongside existing visa agreements with other nations. -
North America
Wyndham Hotels’ Instant Group Booking Windows
Group bookings across the industry’s largest portfolio of economy and midscale hotels will soon take minutes, not days, thanks to Groups360 and the rapid rollout at over 5,600 Wyndham hotels. -
Asia-Pacific
Sri Lanka Steals Tourism Share From Maldives
The tensions with the Maldives have Indian tourists diverting to other coastal tourist destinations and Sri Lanka is already reaping the benefits, surpassing Maldives in the number of tourists for the first time.