Research

InterContinental Hotels Group announced to acquire a 51% stake in Regent Hotels & Resorts for US $39 million in cash. Hongkong-based Galaxy Entertainment Group Ltd. agreed to buy a 4.9% stake in Wynn Resorts Ltd.

Vietnam continues witnessing the growth of condotel markets in destinations across the country during 2018. In Bangkok, the development of Eastern Economic Corridor and mass transit projects as well as brighter outlook will bring good tidings for the real…

In Greater Bangkok, developers may keep launching new condominium projects on account of improved market sentiment. In the Philippines, the dormitel market is seeing positive signals given growing demand of young professionals.

The number of residential units coming onto the market in Thailand should reach around 276,100 in 2018. Phnom Penh is seeing an increase in supply of office space and rising occupancy rates.

Marriott will reduce commissions on group bookings to 7% from the current 10% from March 31 2018. China’s HNA Group has hired banks to look for buyers of its 29.5% stake in Spain’s NH Hotel Group.