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Asia-Pacific
Seoul Plans a Floating Hotel
Seoul plans to develop floating office and hotel buildings with leisure facilities on the Han River by 2030 to enhance the river’s potential and attractiveness. -
Asia-Pacific
India Hotel Investment Activity Recap
India’s hospitality sector in 2023 saw a record investment of $401 million, marking a near fourfold increase from 2022, with robust growth in hotel transactions, signings, and openings, particularly in tier-two cities, and an optimistic revenue growth forecast for FY2025 driven by spiritual tourism. -
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
Taylor Swift Concerts Break Hotel Records in Australia
In February 2024, Sydney and Melbourne, Australia, experienced record hotel occupancy and rates, attributed to Taylor Swift’s Eras tour, with significant yearly increases in occupancy, average daily rates, and revenue per available room. -
Asia-Pacific
Centara Aims to Be a Global Hotel Operator
Centara Hotels & Resorts announced its expansion plans at ITB Berlin. Their sustainable strategy is to introduce its style of family-centric hospitality to multiple new markets, striving to become one of the planet’s top 100 hotel operators by 2027. -
Asia-Pacific
Marriott Points to Its South Asia Development Pipeline
Marriott International said they signed 28 deals in South Asia in 2023 and so far in 2024, adding over 4,500 rooms to its development pipeline. -
Asia-Pacific
Hyatt Unveils Tokyo Shibuya Hotel
Hyatt Hotels Corporation announced the opening of Hyatt House Tokyo Shibuya. They reached an agreement with Tokyu Land Corporation earlier in the month for the 126-room hotel which includes 18 suites. -
Asia-Pacific
Hilton Reports 42% Uptick in Asia-Pacific RevPar for Latest Quarter
Hilton reported a solid earnings report yesterday and said full year APAC RevPAR was up 587% versus 2022. It also said Beijing, Tokyo and Kuala Lumpur were standout markets for them. -
Asia-Pacific
Marriott Debuts Moxy in India
Marriott International had the pleasure of debuting their Moxy Hotels brand in India while also expanding their JW Marriott brand to the city of Surat, Gujarat. -
Asia-Pacific
Ascott to Add 8 Lyf-Branded Properties
CapitaLand Investment’s the Ascott Limited, is adding eight new properties to its lyf brand portfolio. The additions mark Ascott’s expansion into various global city and resort destinations including Bali, Penang, and Sydney.