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China Green Development Halts Eligible Hotel Construction in Late 2026
China Green Development Group posted an 814 million yuan loss in autumn 2026 and ordered suspension of all eligible hotel construction projects. Several Xinjiang and other regional hotel developments are halted amid low occupancy and declining profitability.
Hilton Reports 5.8% RevPAR Rise in Q3 2026, Raises Annual Growth Forecast
Hilton Worldwide reported a 5.8% rise in system-wide RevPAR for Q3 2026, with adjusted EBITDA reaching $1.058 billion. The company raised its full-year 2026 RevPAR growth forecast to 4%-4.5% based on strong demand across key regions.
Minor Hotels Launches First Minor Reserve Collection Resort in Asia at Phuket
Minor Hotels has partnered with Amal Group to open Gardens of Eden Resort Phuket, the first Minor Reserve Collection property in Asia, scheduled for 2031. The resort will feature 310 keys including a hotel and residences, plus a major wellness centre.