Dubai

JLL’s Hotels & Hospitality Group’s  latest  Hotel Investor Sentiment Survey suggests hotel investment in  Asia Pacific  will continue to recover in the fourth quarter of 2022 and into 2023 with more investors looking to deploy the highest levels of capital since the pandemic started. Fortune Park Hotels , a unit of ITC Ltd ., said they are growing upwards of 20% in revenues over 2019-2020 numbers. Accor announced further expansion in India with the signing of Mercure Chandigarh Tribune Chowk , scheduled to open late 2023 and Novotel Mohali Airport Road, scheduled to open in 2026.

Marriott International  announced it expects to open  14 additional luxury properties   in Asia Pacific by the end of 2023 . Marriott currently operates 156 luxury properties in the region. Construction of the long-awaited resort at  Kalgoorlie Golf Course  in the city of  Kalgoorlie-Boulder  in  Australia  has finally begun. PT Platnet Properindo Jaya Tbk will initiate the operation of Citi Hub Hotel, Kelapa Gading in Indonesia in 2023.

A rebound in foreign tourist arrivals into Thailand  is pushing up the nation’s hotel occupancy rate from a record low during the pandemic. Hotel industry experts are predicting an influx of international tourists in the Philippines in the final quarter of 2022, particularly in Manila, Cebu and Clark. ITC Hotels in India could soon be spun out of conglomerate ITC. The chairman of the parent company told reporters they are exploring alternate structures for ITC Hotels, in line with industry recovery dynamics.

Tomorrow is the first day that foreign citizens from 41 countries will be allowed to enter Macau  since the start of this crisis. The travelers will still have to undergo seven days of quarantine in a designated hotel followed by another three days of self-health monitoring. Control of theme park  Huis Ten Bosch Park in Japan  is being transferred to Hong Kong-based asset management firm  PAG . IHG Hotels & Resorts  announced the opening of its  600th hotel in Greater China with the debut of Kimpton Bamboo Grove Suzhou.

Sterling Holiday Resorts , a subsidiary of Thomas Cook , said they will double its pan-India inventory to 5,000 rooms in the next three years. Saudi Arabia’s Public Investment Fund and Cain International have invested $900 million in Aman Group to help accelerate the global expansion of the company. The City of Dreams Manila integrated resort welcomed Singapore’s famous restaurant brand TungLok Signatures to Manila, Philippines.