Phuket

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.

Colliers Philippines advises local hotel developers to partner with foreign brands to capitalize on tourism growth and airport modernization in the country.

IHG Hotels and Resorts is expanding in India with the Holiday Inn Resort Dharamshala opening in 2027 and the InterContinental Kodaikanal Resort debuting in 2028, featuring luxury amenities and strategic leisure offerings.

TPG Angelo Gordon, in partnership with Kenedix, is purchasing the Grand Nikko Tokyo Daiba hotel from Hulic Co. for $691 million as part of its strategy to invest in opportunistic real estate in Asia.

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

Indonesia has imposed a moratorium on hotel and nightclub construction in Bali to curb overdevelopment and protect the island’s culture and environment.

India, Vietnam, Indonesia, Thailand, and Japan lead this quarter’s hotel construction pipeline in the APEC region. China doesn’t make an appearance.

Wyndham Hotels & Resorts achieved record growth in Asia Pacific in the first half of 2024, signing over 120 hotels and opening 74 new ones, with an 8% year-on-year net room growth.

The majority of Thais plan to travel more this year, favoring bucket list trips and domestic destinations like Chiang Mai and Phuket, with Japan as the top international choice.