Bangkok

Vietnam welcomed over 17.5 million international visitors in 2024, a 39.5% increase from 2023, with South Korea and China as top sources.

Hotel Okura Co. Ltd. and Asset World Corporation have signed a new management agreement to open two Okura-branded hotels in Thailand by 2028, expanding Hotel Okura’s Thai portfolio to seven properties.

JLL's new Hotel Operators Investment Survey highlights Asia Pacific's uneven hotel recovery, with disparities in regional growth, labor challenges, rising costs, and a positive 2025 outlook driven by MICE demand despite lingering tourist shortfalls.

Hotel room rates in India are expected to rise significantly in 2025 due to strong travel demand, limited new supply, and inflationary pressures, with predictions ranging from a 7% to 15% increase across segments.

OYO has acquired G6 Hospitality from Blackstone and will focus on growing and enhancing the Motel 6 and Studio 6 brands through technology integration, property upgrades, and expanded distribution, while maintaining existing agreements and leadership changes.

Australians are traveling internationally at record levels, with Japan, Vietnam, Indonesia, China, and South Korea all seeing substantial year-over-year increases in visitor numbers.

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.

Italpinas Development Corp is partnering with Dusit Hotels to open Dusit-branded hotels in Mindanao by 2029, while Dusit also announces the soft opening of its first Malaysian hotel in Melaka on December 7.

Rosewood Hotels is expanding globally in 2025 with new luxury properties in Japan, Mexico, Qatar, Amsterdam, and London, offering luxury accommodations, dining, and wellness experiences.

Singapore hotels maintain high occupancy rates despite rising costs, smaller room sizes, and surging prices, with future growth expected to slow due to limited new supply.