Tourism is booming across Asia with hotels reporting high bookings for May Day Golden Week and companies like Ascott Limited expanding their portfolios. Thailand said it would continue its subsidy scheme for domestic tourists during the low season.
In Indonesia, hotel occupancy rates in several regions have plunged to as low as 20% as the budget cuts have stripped away a vital source of income for hotels.
BWH Hotels is expanding in India with 21 new properties, targeting secondary markets, aiming for 100 hotels in five to seven years, and introducing its Aiden brand in Amritsar.