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Industry News

Ritz-Carlton & JW Marriott checking in to Sri Lanka

Come 2021, the Ritz-Carlton and JW Marriott brands will make their Sri Lanka debut in Colombo, set to be part of a new luxury mixed-use complex that will also house the tallest building in South Asia.

Three glass towers will rise within the luxury project, named The One, set on 37.2ha of prime property at Transworks Square, Colombo 1.

In addition to The Ritz-Carlton, Colombo and JW Marriott Colombo, the complex will include a combination of offices and residences, high-end retail, a […]

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APAC arrivals continue to outstrip global average

Foreign arrivals into Asia-Pacific destinations continued to grow faster than the global average in 2017, reaching a record volume high of more than 646 million arrivals relative to 2016.

According to the Annual Travel Monitor 2018 Final Edition released by PATA today, international visitor arrivals into 47 destinations in Asia-Pacific covered in the report increased by 5.7 per cent, or close to 35 million additional arrivals.

In percentage increase terms between 2016 and 2017, the Pacific had the strongest annual increase at […]

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Boracay reopening lashed by deluge of criticism

It looks like Boracay’s reopening is going to be as chaotic as its closure six months ago.

With just 18 days to the announced reopening, the travel trade is bemoaning unresolved issues, among which are how to implement the island’s newfound carrying capacity, the absence of an official advisory, and unfinished construction of the main and other roads.

Jojo Clemente, president of the Tourism Congress of the Philippines (TCP), the only stakeholder to have been invited to the recent inter-agency committee meeting of the Departments of […]

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Hyatt acquires Two Roads Hospitality

Hyatt Hotels Corporation is acquiring Two Roads Hospitality, taking in its lifestyle brands Alila, Destination, Joie de Vivre, Thompson and tommie.

Through the addition of Two Roads, its established lifestyle brands and the management agreements for the majority of its 85 properties in eight countries, Hyatt will expand its brand presence into 23 new markets.

The acquisition consists of a base purchase price of US$480 million, with the potential for Hyatt to invest up to an additional US$120 million in the aggregate, […]

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Minor Hotels adds 2 new Chinese resorts under the M Collection brand

Minor Hotels—a Bangkok-based hotel owner, operator and investor with 162 hotels and resorts in 25 countries across Asia Pacific, the Middle East, Europe, South America, Africa and the Indian Ocean—has signed two new management contracts in China under the company’s M Collection brand.

Hengqin Zhuhai

Partnering with Zhuhai Da Heng Qin Company Limited, the Hengqin Zhuhai will be the first M Collection-branded hotel in China. Scheduled to open in 2020, the M Collection Hengqin Zhuhai is located at the heart of Pearl […]

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Bali’s Carrying Capacity: The Ultimate Test

From October 8 – 14, 2018, the Island of Bali will host the largest conference ever held ub Bali when world leaders, bankers, corporate chiefs, and the press attend the International Monetary Fund (IMF)-World Bank Conference. Set against the context of a world seemingly teetering on the edge of economic, trade, environmental, and military travail – the decisions and discussions to be held at Nusa Dua in South Bali will have a lasting impact on the world for decades to come.

The […]

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