Hyatt Plans 90 Asia Pacific Hotels Over 5 Years
Skift Take
Asia hotels report: India down 20% because of spring jitters. Across APAC, Hyatt, Hilton, and IHG expand with 90+ properties.
HVS Anarock’s latest report shows a rare downturn in India’s hotel business in May, most likely due to the short battle with Pakistan. RevPAR for hotels in May was down by over 20% from April, according to the latest data from HVS Anarock. Occupancy was down to 58%-60% in May, a year-over-year drop as well. Room rates were still up 6%-8% compared to May 2024, increasing RevPAR by 4%-6%. As for the occupancy decline year-over-year, there is a lot more supply, and it will continue to increase. In the first five months of the year, over 5,300 branded keys came online, up 46% over last year. We will see if there is a bounce back in June.
Thailand hotel operators are seeing delays in the approval process for the initial phase of the 1.7 billion baht co-payment scheme, while online travel agents are offering prices lower than those under the government’s subsidy. The scheme is aimed at local tourists and opened for registration for the public on July 1. Only 2,00
