IHG to Debut Kimpton Brand in Malaysia
Kimpton Naluria Kuala Lumpur will debut by end of 2025. The hotel industry sees major renovations with Hyatt Regency Austin's $150M upgrade and a Barbados luxury relaunch.
Sydney
India International Visitor Spending Hits Record High
International tourism revenue in India soared to $36.8 billion in 2024, marking a 9% increase above pre-pandemic levels.
Ascott Limited Expands Crest Collection Across East Asia and Middle East
The Crest Collection expands globally with new properties like Le Clef Bangkok and first Saudi Arabia location in 2028.
KSL Capital Partners Takes Majority Stake in Soneva
Small private equity firm KSL Capital Partners took a majority interest in sustainable luxury hotel brand Soneva.
Dusit Thani Misses Filing Deadline as Family Dispute Escalates
The heirs of Dusit Thani’s founder refused to approve audited 2024 financial statements, delaying auditor appointments and triggering a trading suspension.
Riyaz Forms Joint Venture with Jin Jiang Hotels for Southeast Asia Expansion
Riyaz partners with Jin Jiang Hotels to expand five brands across Southeast Asia, signing first management agreement for Metropolo in Luang Prabang, Laos.
Hilton to Open a Nomad in Singapore
Hilton partners with UOL Group to bring the first NoMad hotel to Singapore, opening on Orchard Road in 2027.
India's Hotel Occupancy to Reach 70% This Year
Industry forecasts suggest India's hotel occupancy will reach 70% this year, with room rates set to to cross the INR 10,000 mark in 2026.
Kempinski and BTG Hotels Launch Partnership Growth Plan in China
Kempinski launched a multi-year investment plan to support the growth of the partnership with BTG focusing on expanding in China.
Indonesian Hotels Hit by Government Spending Cuts
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.