Figures

Asia Pacific Hotel Trends Q2 2025

July 17, 2025 5 Minute Read

Tourism demand in Singapore remains robust, with arrivals up by 2.3% y-t-d as of May 2025. Operating performance is strong, despite some softness in Q1 2025 due to recent new supply and fewer special events compared to last year. Investors are advised to target assets that can be value-added through repositioning, particularly smaller heritage properties that can be clustered.
International arrivals to Indonesia increased 2.9% y-o-y as of May 2025 y-t-d, with domestic tourism up by 16.1% y-o-y. Hotel performance has seen modest growth, driven by strong ADR. Investment opportunities in Bali lie in acquiring and repositioning independent high-quality hotel stock under strong brands.
In Vietnam, international arrivals have increased significantly in 2025. Demand growth in room nights across all markets has been strong, showing double-digit increases in 2025. Vietnam is now seeing an emergence of more luxury and branded luxury hotels, attracting a higher-spending customer base.