Hyatt has opened its first hotel in Cambodia, making it the 14th Hyatt property in Southeast Asia. The Park Hyatt Siem Reap, which was formerly known as the Hotel de la Paix, features 108 rooms including 13 suites, four of which include private plunge pools. Located in the centre of Siem Reap, the property's facilities include a spa, fitness centre, swimming pools, event space and three F&B outlets.

Hilton has signed an agreement to manage a new property in Okinawa, scheduled to open in 2016. The Hilton Okinawa Kin will be a seafront property located in the town of Kin, on the east coast of Okinawa's main island and will overlook the Pacific Ocean. The 190-key property will feature two restaurants, a bar, business lounge, meeting rooms, fitness centre, spa and swimming pool. Hilton currently operates 10 properties across Japan in key cities such as Tokyo, Osaka, Nagoya and Fukuoka. There is currently a DoubleTree by Hilton in Naha, the capital of Okinawa and Hilton plans to open a total of two of more new properties in Okinawa, including the Hilton Okinawa Kin by 2016.

Laguna Hospitality and Dusit International have inked a joint venture agreement to develop an urban golf resort in Singapore. The Dusit Thani golf resort, which is still subject to relevant government approvals and licensing, is currently slated to open at the end of 2015. The property will be located within the 36-hole Laguna National Golf and Country Club and will be five minutes from Singapore Changi Airport. The resort will offer 200 guestrooms, four F&B and entertainment outlets, meeting and event spaces, swimming pools, a gym and spa.

Starwood and Marriott have achieved strong profit growth in the second quarter of 2013. Starwood generated net profits of US$137 million for the three months, despite a drop in revenues. Reduced costs have helped Starwood to achieve a 12.3% growth in net profits over the same period last year. Marriott International generated net profits of US$179 million, achieving a growth of 25% over the same period last year as the company's revenues increased by 18% to US$3.26 billion. Global RevPAR(revenue per available room) for Marriott also increased by 4.7%, largely driven by a 3.2% increase in average daily rates and a 1.1% increase in occupancy.