According to the June 2014 STR Global Construction Pipeline Report, the Asia Pacific region reported 2,313 hotels under contract comprising 519,718 rooms.
According to STR Global's preliminary June 2014 hotel data for Singapore, there was negative performance in the three key market performance measurements.
According to STR Global, hotels in the Asia Pacific region experienced positive results during May 2014.
GIC, a Singapore-based sovereign wealth fund, is now planning to sell the Great White Course, one of five championship golf courses in Doral, located adjacent to the Trump National Doral Resort and Spa in Miami.
Mother's Day getaways used to be just a short drive down the road, to a favorite local restaurant.
Hotel investment volumes in Asia totaled $7.5 billion at the end of 2013, increasing a staggering 218 percent from the previous year.
Southeast Asia's largest casino operator announced a joint venture to develop a casino resort on South Korea's Jeju Island.
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.