Wyndham Partners With Ovolo Group for Five-Property Deal
Wyndham and Ovolo said five Ovolo hotels across Australia and Hong Kong will become Wyndham franchises. Plus, more hotel deals and development news.
Tokyo
Thailand Delays Tourist Fee Implementation Until 2026
Thailand's Ministry of Tourism and Sports delays tourist fee until 2026, citing external uncertainties and tourism demand assessment.
Fairmont Enters Japan Market With Tokyo Property
Fairmont Tokyo celebrated its grand opening as the brand's first Japan property, occupying the upper floors of the Blue Front Shibaura tower.
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.
Thailand Commits to Tourism Subsidy Despite Delay
Tourism is booming across Asia with hotels reporting high bookings for May Day Golden Week and companies like Ascott Limited expanding their portfolios. Thailand said it would continue its subsidy scheme for domestic tourists during the low season.
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.
Cambodia Forecasts Its Tourism to Grow 7% This Year
Cambodia saw a 13.3% year-on-year rise in January tourist arrivals, led by Thailand, Vietnam, and China, with a 2025 forecast of up to 7.5 million visitors.