Egypt’s Ministry of Housing is spearheading a major initiative to transform the North Coast into a world-class tourism destination. The plan involves significantly increasing hotel capacity in new developments and fast-tracking construction projects to meet growing demand, focusing on key areas like Sidi Heneish. This strategic move aims to boost Egypt’s tourism sector and attract both domestic and international travelers.
Accor announces the upcoming Novotel Agra Fatehabad Road, its first hotel in Agra, set to open in 2029. This 275-room hotel will offer a blend of business and leisure amenities, including extensive banquet facilities and wellness options, contributing significantly to Agra’s tourism sector.
IHG Hotels & Resorts is partnering with Felix Capital to bring the first voco hotel to the Sunshine Coast, Australia. The voco Maroochydore Sunshine Coast will offer 153 stylish rooms, vibrant dining options, wellness amenities, and expansive event spaces, catering to both leisure and business travelers. This upscale addition will contribute to the region’s growing tourism and hospitality sector, particularly in anticipation of the Brisbane 2032 Olympic and Paralympic Games.
Radisson Hotel Group strengthens its presence in Bengaluru with a new hotel at Aerospace Park, set to open by 2027. This will be the group’s sixth property in the city, bringing 157 rooms, three meeting spaces, diverse dining options, and a health club. The hotel will create over 250 jobs, furthering the group’s commitment to supporting local talent and contributing to Bengaluru’s vibrant hospitality sector.
Choice Hotels International celebrates the opening of its 500th extended stay property, the Everhome Suites in Glendale, Arizona. This milestone reflects the company’s strategic focus on the rapidly growing extended stay market, driven by its commitment to efficient operations and innovative brand prototypes. With a robust development pipeline and a focus on key markets, Choice Hotels is poised to continue its leadership position in the sector.
Qatar’s tourism sector is on a remarkable trajectory, driven by the success of the FIFA World Cup 2022 and a strategic vision to become a leading global travel destination. With ambitious goals to attract 6 million visitors annually by 2030 and increase the industry’s contribution to GDP to 12%, Qatar is investing heavily in infrastructure and marketing to solidify its position as a year-round travel destination.
Kerala is gearing up to boost its tourism sector with a new strategy that includes CRZ relaxation, investment incentives, and a focus on experiential tourism. The move aims to add 10,000 new hotel rooms and open up new areas for development, creating a vibrant tourism landscape in the state.
Philippine property developers are pouring P250 billion into building over 40,000 new hotel rooms, aiming to cater to the growing domestic and international tourism market. This ambitious initiative is focused on key destinations like Panglao and Boracay, promising a vibrant future for the country’s hospitality industry and creating thousands of new jobs.
Bridge, a digital platform connecting developers with debt capital providers, has introduced a new in-house lending program specifically designed to support construction and renovation projects for franchised hotels. This initiative offers up to $50 million in loans to experienced sponsors, addressing the growing need for development capital in the hospitality sector.
Lemon Tree Hotels announced a new hotel development in Mira Road, Mumbai, set to open in FY26. This strategic move aims to expand the company’s footprint and market presence in the region. The hotel will be managed by Carnation Hotels Pvt Ltd, a subsidiary of Lemon Tree Hotels.
