North Korea Opens Wonsan Kalma Coastal Tourist Zone
North Korea tourism is a topic again. China hotel RevPAR down 7.7% YoY. Thailand faces more tourist cancellations. Macau hotel sold. And more hotel news.
Thailand
Megaworld Signs Philippines Hotel Deal With Accor
In the Philippines, Megaworld Corporation announced an agreement with Accor to improve its local hotel operations.
Vietnam to Get $1.6 Billion Coastal Resort and New Five-Star Hotel
Vingroup Corporation started construction of Lang Van resort at the foot of Hai Van pass (DaNang, Vietnam) with an investment capital reported at about $1.6 billion USD.
Wyndham Opens 100th Days Inn Property in China
The 100th property in China is the Days Inn by Wyndham Shantou Jinping. Plsu, more hotel development news.
Subdued Tone Among Hotel REITs at Nareit Conference
Hotel REIT executives at Nareit showed caution due to transaction market weakness and uncertainty, with Truist citing stock frustration.
India International Visitor Spending Hits Record High
International tourism revenue in India soared to $36.8 billion in 2024, marking a 9% increase above pre-pandemic levels.
Hilton Signs Two Hotels at Delhi International Airport
Hilton announces partnership with Delhi International Airport Limited to open Waldorf Astoria and Hilton Hotels at GMR Aerocity.
Ascott Limited Expands Crest Collection Across East Asia and Middle East
The Crest Collection expands globally with new properties like Le Clef Bangkok and first Saudi Arabia location in 2028.
RJJ Hotels Partners with Jin Jiang for Southeast Asia Growth
Fliggy forecasts strong Dragon Boat Festival travel rebound while Accor transforms Shanghai's Peace Hotel into Raffles.
Choice Hotels Adds 9,500 High-End Rooms in China
Choice Hotels International is expanding in China, announcing a distribution and franchise agreement with SSAW Hotels & Resorts Group.