According to HotStats, Southeast Asia’s hotel market is entering a new growth phase as destinations like Phnom Penh, Manila, and Hanoi start to outpace traditional hubs in Thailand, Singapore, and Indonesia regarding y-o-y growth. The regional RevPAR remains on an upward trend, increasingly driven by rate rather than occupancy, notably in Thailand. Meanwhile, health club revenues are quietly on the rise in several markets, driven by development of wellness resorts and greater local guests. On the profitability front, luxury and select-service hotels continue leading in margins, but the strongest growth this year has come from full-service and extended-stay properties. In contrast, lifestyle hotels are seeing a flatter margin progression due to rising costs.