Bill Gates’s firm buys controlling stake in Four Seasons Hotels

Bill Gates during the Bloomberg New Economy Forum in Beijing in 2019. (Bloomberg photo by Takaaki Iwabu).

Bill Gates will take control of the Four Seasons hotel chain after his investment firm agreed to acquire a stake from Saudi Prince Alwaleed bin Talal’s Kingdom Holding Co., in a bet that luxury travel will rebound from a pandemic-induced slump.

Gates’s Cascade Investment will pay $2.2 billion in cash to boost its stake in Four Seasons Holdings to 71.25% from 47.5%, according to a […]

Now is the time to look at integrated resorts

When tourism recovers in Asia, the integrated resort sector will become a hotbed for foreign investors and owner operators looking to capitalise on the market, says Matthew Pryor, managing director at Tenman Project Management, a leading project and programme manager for hospitality, integrated resorts and gaming projects in Asia

Travel restrictions. Vaccine shortages. Reimposed lockdowns.

It’s been a rocky road for tourism in South-east Asia the last 18 months. We’ve seen new waves of coronavirus hampering both domestic and international travel. Many […]

No slowing down for Hilton as APAC openings continue

Hilton Senior Vice President, Development, Asia Pacific Clarence Tan.

Hilton has major ambitions for Asia Pacific, going by the raft of new developments on the horizon, from debuting new brands to opening its biggest-ever property in the region.

Travel Weekly Asia speaks to Clarence Tan, Senior Vice President, Development, Asia Pacific at Hilton for the latest updates.

Hilton continues to grow and expand in the past year. What new opportunities have opened up for Hilton since the pandemic?

As one of the fastest-growing hospitality companies […]

Bali to get third Anantara resort

Anantara Hotels, Resorts & Spas will be opening its third resort on the Indonesian island of Bali with the signing of Anantara Ubud Bali Resort, scheduled to open in mid-2022.

Located in the traditional hillside village of Payangan, a 1.5-hour drive from Bali’s international airport and 35 minutes from the centre of Ubud by car, Anantara Ubud Bali Resort will feature 85 guestrooms and one and two-bedroom pool villas. Those who would like to stay longer have the opportunity to own […]

US-based restaurant and hotel chain Nobu Hospitality will soon be launching its first Nobu-branded restaurant in the Thai capital of Bangkok

US-based restaurant and hotel chain Nobu Hospitality will soon be launching its first Nobu-branded restaurant in the Thai capital of Bangkok. Trevor Horwell, CEO, Nobu Hospitality Group, shares more about the company’s bid for global expansion

Why has Nobu Hospitality chosen Thailand to open a restaurant in, and why in the midst of a pandemic?
Location, supply and demand naturally come into play when deciding our first space in Asia. Thailand as a destination has both urban and non-urban locations, which fit […]

World’s largest Legoland resort set to rise in China’s Shenzhen

Located on Shenzhen’s Dapeng Peninsula, the Legoland Shenzhen Resort will be the first international IP-based family entertainment theme park resort in the Greater Bay Area.

Construction of the world’s largest Legoland Resort has begun on Dapeng Peninsula, on the eastern edge of Shenzhen, China.

Due to open in 2024, the Legoland Shenzhen Resort will be the first international IP-based family entertainment theme park resort in the Greater Bay Area, covering approximately 580,000 square metres.

Offering more than nine themed areas with over 100 […]