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The luxury hotel sector in Hong Kong has shown remarkable resilience, bouncing back stronger than the broader hospitality industry in the city. According to the property consultancy JLL, room rates have even surpassed those of 2018, indicating a significant…
In a proactive move to aid its beleaguered hospitality industry, Jakarta officials have unveiled a temporary tax reduction initiative for hotels and restaurants amid escalating costs and a dip in consumer demand. The new regulation introduces a hefty 50% tax…
Bangkok’s hotel market is seeing a shift as it navigates the complexities of 2025. According to a report from Knight Frank, average occupancy rates dipped to 75.1% in the first half of the year, marking a 3.7 percentage point decrease from the same period in…
Hotel development in Singapore is gearing down significantly in 2025, as the industry adapts to shifting market dynamics. The latest report from JLL highlights a stark trend: only the 338-key Mandai Rainforest Resort by Banyan Tree will debut in April 2025,…
According to a recent report by Colliers, the Philippine hospitality sector is on the upswing, bolstered by significant infrastructure improvements and an influx of international visitors. In 2024, the country welcomed nearly 5.95 million tourists, a figure…
The high-end hotel landscape in China is undergoing a vibrant transformation, with a flurry of new establishments rising from the urban skyline to serene natural retreats. This dynamic boom is creating fresh opportunities for travelers, especially those from…
Thailand is stepping into a new era for travelers, as the government embarks on a journey to boost tourism by allowing limited alcohol sales during five prominent Buddhist holidays. Specifically, from Saturday, international airports, hotels, venues hosting…
Hotels in Ho Chi Minh City are suffering from low occupancy rates due to a sharp drop in international visitor arrivals and domestic tourists’ preference for traveling to beaches. In May, amid a wave of hotel closures and conversions into office buildings,…
Some 10 percent of hotels in big cities are used exclusively for quarantining Covid-19 patients and those who were in close contact with patients, according to Savills. They include 25 in HCMC with more than 3,000 rooms, mostly in Districts 1 and Tan Binh, 20…
Hit hard by the successive waves of Covid-19, hotel owners in tourism hotspot Nha Trang are putting up their properties for sale on realty forums. They have price tags of VND20-300 billion ($0.9-13 million), but are mostly in the VND30-70 billion range. Most…
Vietnam’s third Covid-19 outbreak last month has exacerbated the problems of low occupancy and plunging revenues for hotels and resorts nationwide. Average daily rates in October slumped 25 percent year-on-year, said Mauro Gasparotti, director of real estate…
Hotels with ‘for sale’ signs have mushroomed across different parts of Vietnam, despite scarcity in buyers. The sales trend first kicked off in central areas of HCMC and Hanoi’s Old Quarter, but later spread to other tourism hotspots like Phu Quoc Island, Da…
Centara Hotels & Resorts, Thailand’s leading hotel operator, together with Taisei Corporation and Kanden Realty & Development, announced a landmark agreement to bring the Centara brand to Japan. The three companies signed an Investor Agreement for Centara…
Centara Hotels & Resorts, Thailand’s leading hotel operator, is marking its 36th anniversary milestone with a 36-day worldwide customer-focused celebration tied to the company’s 1983 founding. On this occasion, it also marks the 36th anniversary of Centara…
Centara Hotels & Resorts, Thailand’s leading hotel operator, is focusing on three key sustainability initiatives as part of the company’s recently announced 2019 Sustainability Plan: eliminating single-use plastic products; reducing its food waste footprint;…
The “golden age of tourism” in Vietnam presents robust hotel development opportunities in Vietnam’s biggest cities. Troy Griffiths, deputy managing director of real estate consultant Savills, said Ho Chi Minh and Hanoi are “under-hoteled per population, per…
