Hotel101 Becomes First Filipino Company to List on Nasdaq
Asian hospitality updates: Macau hotel occupancy rises, new openings in China/Japan, casino developments across region.
Sri Lanka
KSL Capital Partners Takes Majority Stake in Soneva
Small private equity firm KSL Capital Partners took a majority interest in sustainable luxury hotel brand Soneva.
Philippines Reports Decline in Tourist Arrivals for Early 2025
Sri Lanka tourism hits 900,000 arrivals in early May, while Galaxy Entertainment soft-launches Capella at Galaxy Macau with 36 villas.
Thailand Expects 38 Million Tourists Despite Myanmar Earthquake
Thailand’s tourism ministry is maintaining its forecast for foreign tourist arrivals at 38 million for 2025.
Asia Pacific to See 813 Million International Travelers a Year by 2027
International visitor arrivals, under PATA's medium scenario, to Asia Pacific are projected to reach 813 million by 2027.
Marriott to Add 7 Properties Across Indonesia
Seven new Marriott properties will open in Indonesia this year in Bali, Jakarta, Surabaya, Bekasi, Pontianak, and the Riau Islands.
Philippines Tourism Inches up in Early 2025
Visitor arrivals to the Philippines rose by 1% in early 2025, driven by returning overseas Filipinos despite declines in South Korean and Chinese tourists.
Tokyo Leads Hotel Investment in Asia Pacific, Says CBRE
Hotel investment in the Asia Pacific region is rising, with Japan, Singapore, and Australia leading interest, while investors shift focus to upscale segments and await interest rate clarity.
Asia-Pacific Hotel Market Ended 2024 Strong
December 2024 saw strong RevPAR growth across Asia Pacific, with Vietnam, Japan, Thailand, and India leading the region, signaling a positive trend for 2025.
Asset World Partners With Melia in Thailand
Asset World Corp partnered with Melia Hotels International to open the 234-room Melia Pattaya Hotel as part of a 30 million baht investment in Pattaya, featuring eco-friendly development, job creation, and luxury amenities.