The Leela Palaces Hotels and Resorts

Hilton announces partnership with Delhi International Airport Limited to open Waldorf Astoria and Hilton Hotels at GMR Aerocity.

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.

In 2024, Thai luxury hotels experienced significant year-on-year increases in average daily rates and occupancy across key tourist cities.

OYO plans to add 500 hotels in key religious hubs across India this year, focusing on high-quality accommodations for pilgrims and visitors.

Phuket and Bali are experiencing tourism growth with record hotel rates but face infrastructure challenges and have yet to return to pre-COVID arrival levels.

Hilton plans to double its focused service presence in Asia Pacific by expanding its mid-market hotel portfolio to over 1,000 properties, with ongoing regionalized brand initiatives and franchising expansion in key markets.

Hyatt Hotels is experiencing strong growth in India, focusing on experiential luxury and strategic expansion, aiming to double its hotel portfolio within five to six years.

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.

Schloss Bangalore, owner of The Leela hotel chain, has filed for a US$599 million IPO to fund expansion and debt repayment, with Morgan Stanley, BofA Securities, JPMorgan, and Citi managing the issue.