U.S. gaming giant Las Vegas Sands Corp. plans to invest $10 billion in Japan.
Valentine's Day, over the years, has become a truly international celebration of romance.
Despite challenges stemming from China's slowing growth and crackdown on corruption, Marco Polo Hotels has established an aggressive expansion plan in China. The company will unveil a new hotel brand that will move the chain into the five-star category.
Investment in Asia Pacific's hotel properties totaled $8.7 billion in 2013, the highest level since 2007, according to Savills. Total investment sales increased 23.4 percent from the $7.1 billion reported in 2012.
Rose Rock Group, a Rockefeller family-backed alternative investment firm, will help develop a $2.5 billion resort development on the south central coast of Vietnam. The Vung Ro Bay will developed with Vung Ro Petroleum, a Vietnam-based independent petroleum company.
Global airline passenger travel is expected to grow by five percent annually until 2017, with the Middle East and Asia-Pacific leading international passenger growth, according an industry forecast from the International Air Transport Association.
Soccer superstar David Beckham is teaming up with global resort developer Las Vegas Sands to work on the company's integrated resort properties in Macao and Singapore, marking the latest business venture for the retired athlete.
Hotel manager Dorchester Collections plans to increase its portfolio by expanding in New York and Asia. "Beijing, Shanghai, Hong Kong and Singapore are cities where we'd like to be represented,"
While the Olympic Games in 2020 may not have a long term effect on Tokyo's hotel market, winning the Games will boost investor interest in the sector. Japan's goal of achieving 30 million tourists a year by 2030 "now appears highly achievable,"
India's hotel industry is facing several challenges in the year ahead amid a wave of new property openings and a weak economic backdrop, analysts say. There are 53,000 hotel rooms in the development pipeline in India.
Marriott International plans to open one hotel every eight days through 2016 in Asia. The hotel brand expects to double its presence in the region in the next three years, reaching a total of 330 hotels with more than 96,000 rooms across 16 countries.
The developer of the Atlantis resorts in the Bahamas and Dubai is planning a similar resort for China. The Atlantis resort in Sanya Hainan on the South China Sea will cover 62 hectares and include many of the features found in the other Atlantis resorts.
Hotel investment volumes in Asia reached $3.9 billion at the end of the third quarter, a 145 percent jump from the same period last year, according to the latest data from Jones Lang LaSalle's Hotels & Hospitality Group.
The Abu Dhabi Investment Authority has purchased Australia's largest hotels owner, Tourism Asset Holdings Ltd, giving it ownership of 31 properties in the country's major cities. An investment unit of the Abu Dhabi fund signed the contract for an undisclosed price.
Wang Jianlin, China's richest man and owner of Dalian Wanda Group, plans to focus on the global hotel business in the near future. Dalian Wanda Group, China's largest commercial land developer, wants to build 15 five-star hotels a year.
Four Seasons Hotels and Resorts is entering Korea with its first property due to open in May 2015. In a partnership with Mirae Asset Global Investments, the Four Seasons Hotel Seoul will open in the central business district of Seoul, the company announced.
After years of steady growth, the Asia Pacific region's hotel industry reported negative results for the first half of 2013.
Casino company SJM Holdings will include a Versace-brand hotel in its new casino-resort planned for Macau's Cotai gambling center, the company announced today. SJM has approval for 2,000 rooms and 700 gaming tables in the resort.
Huntsman Springs is golf and club community developed by Jon Huntsman, Sr. A place of serenity and beauty in the hitherto undeveloped Teton Valley of Western Idaho.
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