Bangkok

IHG Hotels and Resorts is expanding aggressively in Vietnam and India, aiming to significantly grow its luxury, premium, and midscale hotel portfolios across key destinations.

Thailand aims to invest $2.86 billion to double passenger capacity at six major airports to 246.5 million by 2032 to support tourism growth.

Hyatt Hotels plans to expand its Asia-Pacific portfolio by 67% with over 200 new hotels to meet rising demand from young, affluent travelers.

Hilton and Juniper Hotels are expanding their presence in Bengaluru with new hotel acquisitions and developments, offering upscale accommodations and extensive amenities in key city locations.

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.

Ascott and Jin Jiang Hotels have formed a joint venture to expand their apartment hotel brands in China, aiming to grow Quest and Tulip LODJ across upscale and midscale segments.

Hilton plans to double its mid-market hotel presence in Asia Pacific, aiming for over 1,000 properties by expanding its Hilton Garden Inn and Hampton by Hilton brands.

Kamah Hotels & Resorts has partnered with Wyndham Hotels & Resorts in a $70 million deal to develop four new hotels in Dubai and India, focusing on luxury and wellness hospitality under the Trademark Collection by Wyndham brand.

CoStar's STR reports uneven growth across Asia-Pacific markets in 2024, with Japan and Vietnam showing the strongest potential for continued growth.

Hyatt Hotels Corporation has acquired Standard International's brands, expanding its asset-light portfolio in Asia with upcoming properties such as The Standard, Singapore, and The StandardX in Bangkok Phra Arthit, along with Standard Residences under development in Phuket and Hua Hin.