APAC growth expected to hold steady in 2025; global policy resets may see shift in gears, Minor Hotels and more...

APAC growth expected to hold steady in 2025; global policy resets may see shift in gears
Tuesday, 17th December 2024

Most APAC economies to see slight pickup in GDP growth, uptick expected in consumer discretionary spend, focusing on travel, big-ticket purchases and experiences.

As the disinflationary environment eases the burden on consumers, MEI forecasts that APAC will see tight labor markets and a catch-up of inflation-adjusted wages, which is expected to contribute to increased spending—especially on discretionary items, including big-ticket purchases such as electronics, furniture and appliances.

While some of the pent-up demand for experience spending has subsided, consumers are still prioritizing big-ticket moments >>

Minor Hotels expands Australasian portfolio
17 Dec 2024 : Minor Hotels has further expanded its Australasian portfolio, announcing the signing of the management letting rights for the landmark Queens Wharf Residences development from early 2025, setting a new benchmark for urban tourism in Brisbane >>

Ascott launched SEN/KA TOKYO by The Crest Collection
17 Dec 2024 : The hotel-in-residence is part of a major urban redevelopment project in Tokyo’s Yaesu area, near Tokyo Station >>

Saudi Arabia will host the 2034 FIFA World Cup
17 Dec 2024 : People celebrated in Jeddah as Saudi Arabia was announced Wednesday as the host of the 2034 FIFA World Cup >>

HIGHLIGHT ARTICLE

Revolutionizing International Guest Interactions with Guest-Led Conversational AI
Tuesday, 17th December 2024

As the hospitality industry embraces new technological advancements, AI plays an increasingly pivotal role in enhancing guest experiences and streamlining hotel operations.

By enabling real-time, multilingual support, conversational AI makes the guest experience smoother, more personalized, and more efficient—creating new opportunities for hotels to cater to a global audience >>

Thailand's Shift Towards Alternative Sectors: A 2025 Outlook
Thailand's real estate is shifting focus to alternative assets as core sectors face challenges, this pivot has the potential to transform the market by 2025 >>

In case you've missed it: Global eNews of December 16, 2024
Capella set to launch bespoke luxury in Seoul, IHG adds over 1,000 keys in KSA and more >>