Brookfield

Truman and Marriott International, Inc. announced plans to open three hotels in Calgary, including W Calgary, JW Marriott Calgary, and an Autograph Collection Hotel on Stampede Park.

New Unscripted by Hyatt brand focuses on collection-style approach as company expands select service offerings.

The Leela owner, Schloss Bangalore’s IPO dreams are still alive, but not as grand as before.

Brookfield Asset Management has acquired the Generator Hostels' European brand and hotels for €776 million from Queensgate Investments.

Macau's hotel occupancy rate rose to 86.4% in 2024, with five-star hotels leading at 88.6%, despite a decline in available guest rooms.

The Indian hospitality industry is experiencing strong investment growth in greenfield hotel developments, particularly in tier 2 and 3 cities, with investments rebounding to pre-Covid levels and expected to surge further in 2024.

The World Travel & Tourism Council forecasts that Australia's travel and tourism sector will contribute a record $265.5 billion to the economy in 2024, with expectations to surpass $345 billion by 2034.

ITC shareholders approved the company's plan to spin off its hotel business, retaining a 40% stake, with overwhelming support from minority shareholders.

Aman Group is launching a new brand, Janu, in Tokyo with its flagship property featuring luxury amenities, including a large wellness center and various dining options. Several hotel management changes and expansions are announced: Rosewood Hotels & Resorts in New Zealand, The Leela Palaces, Hotels and Resorts in Sikkim, India, and Ramee Group of Hotels entering Tamil Nadu, India. New developments and reimaginings in the hospitality industry include Megaworld's new township in Puerto Princesa, Palawan, Townplace West Kowloon in Hong Kong launching a new social club, and SAii Resorts in Thailand undergoing extensive renovations.

International arrivals in the Asia Pacific region saw growth in 2022, reaching the strongest level since 2019, with the Pacific region having the highest growth rate. Macau received over five million visitors from Hong Kong in the first nine months of the year, nearing 2019 levels. Radisson Hotel Group announced the rebranding of Fridays Boracay into a Radisson Collection Resort, marking their entry into Boracay, Philippines.