The post-pandemic recovery in Asia’s hotel industry is patchy. While international tourist arrivals in some countries surpassed 2019 levels some time ago, most markets have yet to experience a full return to pre-Covid levels.
According to CBRE, only three of the 13 major markets in the Asia-Pacific region – Japan, Vietnam and South Korea – welcomed more overseas tourists in the first half of 2025 than in the corresponding period in 2019. All three have cheap currencies that made them more…
How Thailand, India and Japan illustrate Asia’s patchy recovery in hospitality
