IRHM, Your Global Window into Real Estate and Hospitality

May 19, 2026

Tourism

Sun Group and Changi Airports International have partnered to manage Phu Quoc International Airport, introducing Vietnam’s first "airport destination" model. The collaboration aims to elevate the site to 5-star international standards, featuring a new terminal and advanced smart technology. With a planned capacity of 24 million passengers annually, the project is designed to transform the airport into a hub for retail, dining and entertainment before APEC 2027.
Sun Group and Marriott International have signed a major agreement to develop 10 new hotels and resorts in Vietnam by 2030. The partnership will add nearly 4,500 rooms in Phu Quoc and Vung Tau, introducing brands like W Hotels and Moxy to the country. This expansion supports Vietnam's goal of becoming a top global destination and strengthens its infrastructure ahead of international events like APEC 2027.
UN Tourism has taken a significant step toward modernising how the sector is tracked within the global economy. During the 57th session of the United Nations Statistical Commission, new standards were backed to better measure tourism's role in international trade and environmental sustainability. The move aims to provide governments and businesses with reliable, comparable data to guide future economic policy and green reporting.
Hilton has announced the debut of its Motto by Hilton brand in Australia with a new property in Sydney’s central business district. The signing of Motto by Hilton Sydney City Centre marks the introduction of Hilton’s seventh brand to the Australian market. Scheduled to open in late 2027, the hotel will offer 152 rooms with a focus on flexible design and social communal spaces for travellers.
The Queensland Performing Arts Centre (QPAC) has opened its 1,500-seat Glasshouse Theatre in Brisbane. Designed by Blight Rayner and Snøhetta, the venue features a unique rippling glass façade. This addition makes QPAC the largest integrated performing arts hub in Australia. The project incorporates First Nations narratives and advanced automation to support world-class productions. It is expected to attract 300,000 additional visitors to the region annually.
Marriott International has signed an agreement with PHC Queenstown Limited to debut the St. Regis brand in New Zealand. The luxury hotel is expected to open in late 2027 with 145 rooms and suites. Located in central Queenstown, the property will offer views of Lake Wakatipu and The Remarkables. This project marks the first St. Regis in the country and continues Marriott's expansion in the Pacific.

In Focus

Latest