Sentosa Development Corporation’s Post

Attended the Thailand Tourism Forum 2024 and what an incredible experience! 🌟 The event was not only insightful and entertaining but also a fantastic opportunity to catch up with familiar faces and make new connections. The atmosphere was buzzing with enthusiasm, and the discussions were truly enlightening. Huge thanks to Bill Barnett for making this happen. One key takeaway was the undeniable role that AI is set to play within the tourism industry. The discussions highlighted how artificial intelligence is poised to revolutionize the way we approach travel and tourism. Exciting times ahead! Looking forward to the next one! #ThailandTourismForum #Networking #Inspiration #AIinTourism"

🌸 Accor accelerates in Japan with agreement to operate 23 properties Accor signs milestone agreement with Ebisu Resort LLC, with 23 properties set to join the group’s hotel network by Q2 2024 Accor’s presence in Japan is set to double while hotel openings gain momentum throughout the region.    With travel and tourism surging once again on a global scale, countries such as Japan, Singapore, Vietnam, and surrounding regions such as China, are experiencing a significant influx of foreign travelers, as well as increasing domestic demand for business and leisure travel experiences.    Accor recently announced a new strategic partnership with JHRA in Japan to renovate and rebrand the Daiwa Resorts portfolio into Grand Mercure and Mercure hotels that will offer uniquely local experiences.    The agreement will double Accor’s current portfolio in Japan, adding 23 properties and over 6,000 rooms. Conversion of the hotels will occur throughout 2024, after which the properties will operate under the aforementioned Accor brands.    “We (...)   Read more about this news on the Journal des Palaces https://lnkd.in/eViQhHvC #journaldespalaces #TheHeartofLuxuryHospitality #news #hoteliers

It's the Taylor Swift "Eras Tour" week in Singapore! Undoubtedly, Swift's concert "is likely to generate significant benefits to the Singapore economy, especially to tourism activities such as hospitality, retail, travel and dining". Read this recent article to find out how Singapore is planning to play host to more MICE events this year! #MICESingapore #TaylorSwiftErasTour #MICENeurol

Insights from Kenichi Shimomura, RB Principal and Head of Asia Japan Desk to Nikkei Asia: "For Southeast Asian hotel brands, Japan is geographically closer and easier to expand than Western markets". It goes about the trend that luxury hotel developers from Thailand and Singapore are flocking to Japan, drown by the rush of the tourists descending upon East Asian hot spot. More details on that "building bridge" below 🔗 #rolandberger #tourism #southeastasia #japan #expansion

Genting Highlands' King's Park has been officially launched, marking a significant milestone in the region's tourism and hospitality industry. The new attraction promises exciting experiences for visitors seeking leisure and entertainment with two theme parks slated for opening in the fourth quarter of this year. Additionally, the project includes the development of luxurious hotels, such as the 300-room Swissôtel Genting Highlands, Crown Estate, and Novotel Genting Highlands, in subsequent phases. With the easing of pandemic-related restrictions, Malaysia Airports Holdings Berhad (MAHB) is projected to reap substantial benefits from a strong recovery in the tourism sector. In a parallel development, travel ties between China and Malaysia are expected to be strengthened as Air China has launched a direct flight route from Chengdu to Kuala Lumpur. Meanwhile, Sarawak, bolstered by these positive trends, is anticipating reaching its target of three million tourist arrivals this year, as stated by the state's Tourism, Creative Industry and Performing Arts Minister. Post-Covid era has seen Tourism Malaysia employing strategic initiatives to reinvigorate the tourism sector, with a focus equally distributed on domestic tourism and international market reengagement. As part of its international outreach, there are ongoing discussions between Malaysia and Cuba to explore potential collaborations in the tourism sector, a move aimed to boost mutual growth and diversification. In the international segment, hospitality giant Accor is unveiling major expansion plans across Asia, with a focus on doubling its footprint in Japan as a cornerstone of this ambitious growth strategy. In a concurrent move in the hospitality sector, IHG Hotels & Resorts is continuing its expansion in Saudi Arabia with the introduction of a new property, Hotel Indigo, in NEOM's Oxagon, demonstrating a growing global interest in expanding hotel and resort offerings. For more details on this week’s hospitality updates, do visit https://lnkd.in/gTV2F9Cy #zpcv #zerinpropertiescorporatevaluers #zerinproperties #corporaterealestate #corporatetransactions #estateagency #hotelforsale #hotelinvestment #corenetglobal #apac #southeastasia #hotelinvestment #hotelexpansion #motac #ttourismmalaysia #tourismrecovery #airlines #mice #medicaltourism #sustainability #esg #traveltrends #strategicpartnership

🎉 Exciting news! The capsule hotel market is set for an impressive growth, projected to increase by close to USD50m by 2026! 🚀 According to the research, this market expansion will largely be driven by key players such as Book and Bed Tokyo, Container Hotel Group, and CVS B. 🏨 What does this mean for all you travel and hospitality enthusiasts? More comfortable, budget-friendly, and technologically advanced accommodations are on the horizon. The capsule hotel trend, which began in Japan, is rapidly spreading across the globe, making it a fascinating breakthrough in the hospitality industry. This innovative space will not just provide economical accommodation but also a unique experience. Stay tuned as we continue to follow the trends in the travel industry as you keep exploring new destinations with your data eSIM plans from Travelnet! 🌐 Discover more about our versatile eSIM data plans at Travelnet - your partner for efficient and fast connectivity, no matter where your travels take you. #CapsuleHotel #TravelTrends #HospitalityInnovation #TravelNet #eSIM 📍www.travelnet.world

MICE Tourism, encompassing Meetings, Incentives, Conferences, and Exhibitions, stands as a distinctive form of travel that seamlessly integrates professional events with leisurely exploration... As outlined by the Vietnam Tourism Association, MICE tourism enjoys global popularity, with Singapore leading the way in Southeast Asia. While Vietnam is relatively new to this sector, it is strategically poised for development, presenting significant revenue-generating opportunities for the entire industry. A majority of businesses surveyed by Vietnam Report anticipate MICE tourism to emerge as a prominent trend in 2024. Drawing from estimates provided by domestic tourism entities, MICE guests contribute roughly 15-20% of the overall visitor count, surging to an impressive 60% for select major tourism establishments during peak periods. Approximately 20% of MICE guests hail from the discerning European market, characterized by their substantial daily expenditures ranging from 700 to 1,000 USD. Conversely, MICE guests originating from the Asian market demonstrate an average daily spending of around 400 USD. This notable expenditure is noteworthy when contrasted with the average spending of a tourist visiting Vietnam for 9 days, which totals 1,200 USD. In recent years, various regions have prioritized and heavily invested in infrastructure to bolster tourism development. This includes the establishment of upscale resorts and comprehensive tourism complexes catering to the diverse preferences of MICE travelers. In addition to Hanoi and Ho Chi Minh City, the nation's primary tourism hubs, destinations such as Ha Long, Da Nang, Nha Trang, Phu Quoc, and more have emerged as favored choices for hosting MICE events by numerous businesses. #mice #micetourism #micetravel #miceevents #travel #hotels #resorts #hospitalityindustry #transformation #growth #tourism #destination #event #trend #forecast

Join our webinar to learn about Hotel room investing in Thailand - bit.ly/3LA3lUc

Behind the scenes of 2023's hottest destination for Chinese tourists. It’s not just a cliche to say tourism is booming in Macau. It really is. Since it fully reopened in January, visitor numbers, hotel occupancies and room rates have continued to climb. But Macau's tourism industry is also evolving. I was there last week, and saw a greater focus on night-time entertainment, residency shows and experiential fun beyond the casino floors. Yes, casino gaming will fund the next phase of development... "Macau’s gambling tourists continue contributing to the profits that will fund a future tailored ever-more to the desires of Chinese Gen Zs in this shape-shifting destination." Keep your eyes on Macau. As one leading resort executive said last week... “After two decades of development, we want to offer the best-of-the-best services. Macau standards of quality hospitality should be viewed as a trendsetter worldwide.” Read more in Issue 119 of Asia Travel Re:Set, here...

The signed MoU between Marina Bay Sands, UOB, and the Singapore Tourism Board (STB) aims to elevate Marina Bay Sands as a leading site for worldwide events and exclusive experiences. They will plan exciting programming for future vacation seasons and continue to bring top-tier activities and attractions to the precinct. Speaking about the partnership, Irene Lin, Marina Bay Sands, said, “The Marina Bay precinct was enlivened in the first quarter of the year, with multiple partners coming together to bring greater vibrancy to the area and create a stellar experience for guests. This next partnership recognises that the precinct has limitless potential to compete on the world stage as a leading lifestyle and business destination.” Meanwhile, Jacquelyn Tan, UOB said, “We are excited to extend this unique partnership to make the iconic Marina Bay precinct a must-visit destination for both locals and tourists. This unprecedented partnership is the latest in our array of innovative and pioneering entertainment propositions we have acquired for our eight million customers across ASEAN, who have over the past months enjoyed exclusive ticketing access to concerts and festivals featuring internationally-renowned artists across different genres.”  #tourism #partnership #singapore  ------ -[Awards] MARKETECH APAC is launching its inaugural "Marketing Technology Awards" where we recognise the groundbreaking achievements in marketing technology, uniting the brands and tech organisations within the region’s marketing community. Learn how your brand can be a part of it by checking it more details HERE: https://bit.ly/3SVtoIa -[Industry Series] We have launched our latest industry initiative "E-commerce Marketing Series" where we aim to equip businesses with the latest strategies and insights to navigate the dynamic world of e-commerce, as well as discuss cutting-edge concepts, trends, and case studies shaping the future of online commerce. Learn how you can be part of this industry discussion by checking out more details here: https://bit.ly/4aiMEX4