Industry News

Luxury travel market to reach $1,154b. globally by 2022

Global Luxury Travel Market is expected to generate $1,154 billion by 2022, growing at a CAGR of 6.4% during 2016-2022, according to a new report published by Allied Market Research. In 2015, North America and Europe collectively accounted for around 66% of the overall market revenue.

Growing inclination of people towards unique and exotic holiday experiences, rise in middle and upper middle class spending and the increasing impact of social media on travel industry are the key factors that drive the […]

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Rosewood Hong Kong Hotel announced for 2018

Rosewood Hotels & Resorts will open the ultra-luxury brand’s first Hong Kong property in 2018 in a prime Victoria Harbour waterfront location at the former New World Centre on Salisbury Road in Tsim Sha Tsui. Rosewood Hong Kong will occupy 27 floors of a multi-use tower owned by New World Development Company Limited, whose distinct form and glowing crown is destined to become an instantly recognizable landmark on the famous skyline.

“As one of the world’s great cities, with iconic character […]

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The new Four Seasons Resort The Nam Hai, Hoi An, Vietnam debuts this December

HOI AN, Vietnam – One of Asia’s most celebrated beachfront resorts is about to become a Four Seasons, with a host of new features enhancing the luxury vacation experience. Four Seasons Resort The Nam Hai, Hoi An, Vietnam debuts on December 20, 2016, and reservations are now being accepted.

“The best is about to get even better as we unveil new features and experiences for our guests, all wrapped in the legendary service for which Four Seasons is known the world […]

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Bali hotel pipeline

The latest Hotel Property Report issued in October 2016 by Colliers International reports that the “upcoming supply (of hotel rooms) in Bali will be dominated by 4-star hotels. The current supply of hotel rooms and those anticipated to be added before year’s end:

5 Star Hotels stood at 17,891 rooms with 1,583 new 5-star rooms expected to be added by year-end 2016.
4 Star Hotels stood at 21,406 with 2,197 new 4-star rooms expected by year-end 2016.
3 Star Hotels stood at 15,729 […]

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Wyndham Tamansari Jivva Resort Bali has opened

BALI, Indonesia – The opening of Wyndham Tamansari Jivva Resort Bali this week marks Wyndham Hotel Group’s 100th hotel milestone in South East Asia and the Pacific Rim.

Wyndham Hotel Group has reached many milestones across South East Asia and the Pacific Rim this year, opening 17 new hotels, adding a total of 2,336 rooms and expanding into two new countries with Ramada Hotel Niigata in Japan and Wyndham Legend Halong Bay in Vietnam.

This growth is set to continue with a […]

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Hyatt announces plans for a new Park Hyatt Hotel in Kyoto, Japan

CHICAGO – Hyatt and Takenaka Corporation announced their affiliates have entered into a management agreement for a 70-room Park Hyatt hotel in Kyoto, Japan. Expected to open in 2019, Park Hyatt Kyoto, will combine the elegance of the Park Hyatt brand with the distinctive culture of Japan’s ancient capital.

Park Hyatt Kyoto will blend the iconic city’s historic landmarks, gardens and modern architecture to offer experiences that will capture the harmony of traditional and modern Kyoto culture. Similar to the existing […]

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