voco Quang Binh Resort By IHG, Vietnam
voco Quang Binh Resort by IHG has opened in Dong Hoi, Vietnam, offering 68 suites and beachfront villas with direct access to Bao Ninh beach. The suites and villas range from 43m² to 300m², blending Indochine-inspired design with natural light and locally crafted details.

The resort features a spa with treatment rooms, hydrotherapy pool, sauna, salon and foot spa, alongside indoor and outdoor pools. Guests can dine at Flamingo Restaurant, which serves Vietnamese specialities and international dishes, or enjoy cocktails at Oasis Pool Bar overlooking the sunset.

Located in Quang Binh, known as the “Kingdom of Caves,” the resort provides easy access to Son Doong Cave, Phong Nha-Ke Bang National Park, Mooc spring, and the region’s beaches including Nhat Le and Da Nhay. Guests can also experience activities such as kayaking, ziplining and mud bathing, or visit cultural sites like the Lieu Hanh Mother Temple.

Tantawan Tented Camp, Thailand
Dusit International has begun managing Tantawan Tented Camp, a sustainable retreat in the mountains of Chiang Rai, Thailand, featuring 10 safari-style tents with modern amenities and handcrafted teak furnishings. The tents include two-bedroom family options and a one-bedroom suite, each with a private bathroom.

Located 40 minutes from Chiang Rai International Airport, the camp offers valley views and experiences connecting guests with local culture and the environment, including trekking, cooking classes, meditation sessions, and tree-planting programmes.

The on-site farm supplies fresh produce, herbs, and free-range eggs to the camp’s restaurant, where northern Thai and international dishes are prepared with locally sourced ingredients.

Facilities include a central swimming pool with mountain views, an outdoor amphitheatre with a bonfire, and two covered, lighted pickleball courts. Guests can also visit nearby hill tribes and an elephant sanctuary, participate in archery, or book private forest and field picnics. Families can join creative workshops such as pottery, glass painting, and the making of Tung banners, traditional Lanna decorations with cultural significance.

Gurney Bay Hotel, A Parkroyal Hotel, Malaysia
Gurney Bay Hotel, A Parkroyal Hotel, has opened with 368 rooms, located 10 minutes from George Town, a UNESCO World Heritage site known for its shophouses, town houses, and cultural landmarks.

The hotel is part of the Gurney Bay lifestyle precinct, developed under the Penang2030 Vision, and offers unblocked views of the Penang coastline, George Town, and the Penang Hills.

Facilities include a 220-seat all-day dining restaurant, a lobby lounge and bar, a ballroom for up to 550 guests, four meeting rooms, kids’ club, gym, health club, outdoor tennis court, two swimming pools including a children’s pool, steam and sauna rooms.

Tui Blue Angkor Grace, Cambodia
Tui Blue Angkor Grace has opened in Siem Reap, Cambodia, close to the Angkor Wat temple complex and Tonlé Sap Lake.

It offers hydrotherapy facilities including a magnesium-rich pool, onsen and ice baths, along with traditional healing therapies. The hotel also features a gym with certified instructors, the Aum Yoga Studio with daily classes, and the Amazing Grace Sound Healing Temple for sound therapy sessions. A kids wellness centre caters to children aged six months to 12 years.

The hotel works closely with the local community, sourcing ingredients from nearby farmers for its culinary offerings.

MML
acquires in NYC. Austin-based MML Hospitality has acquired the luxury Nine Orchard hotel in the former
Jarmulowsky Bank Building on the Lower East Side of Manhattan in New York City
from DLJ Real Estate Capital Partners for $92 million. New York City-based DLJ
purchased the property and a neighboring building back in 2012 for $41 million
and made extensive renovations on both properties.

State of
Texas buys two hotels. The Texas General Land Office, the Columbus, Ohio-based investment firm
Rockbridge and the Alamo Trust purchased the Menger and
Crockett hotels in San Antonio. The Alamo Trust stated that the transactions
are intended to help protect the Alamo’s historic grounds in downtown San
Antonio, as the hotels are being incorporated into the makeover of Alamo Plaza,
which has a new visitor center and museum opening in 2027. The hotels stand on
land that once formed part of the agricultural fields of Mission San Antonio de
Valero, the 18th-century Spanish mission now known as the Alamo.

$79.3M Miami
refi. A joint
venture between MetLife Investment Management and MDM Group has secured a $79.3
million refinancing for the 357-key JW Marriott Marquis Miami. JLL facilitated the
transaction and the loan was provided by Madison Realty Capital and Newbond
Holdings’ institutional lending platform, Madison Newbond. The 41-story downtown
Miami property recently a $16 million renovation in 2023.

Q2
business travel price hikes. Overall business travel cost increases accelerated in the
second quarter, with hotel rates in major cities for business travel expected
to rise further in 2026, according to American Express Global Business Travel’s
Business Travel Pulse report. The Pulse’s business travel price index—based on
data from Amex GBT’s data lake combined with analysis by its consulting
team—shows that business travel prices were up 2.6% year-over-year in the
second quarter, up from a 0.6% year-over-year increase in the first quarter.
The report also highlighted the cities that are projected to see the largest
increases in hotel prices in 2026, using its data along with inflation and GDP
forecasts from the International Monetary Fund and modeled with open-source
software Prophet. In North America, Amex GBT projects the largest increases
will be in Toronto (5.8%) and New York (4%). In Europe, Amex GBT projects hotel
prices will increase 4.8% year-over-year in Madrid, 4.2% in London, 3.7% in
Berlin and 2.4% in Paris.

Accor
names CEO for South Asia. Accor has appointed Ranju Alex as its CEO for South Asia (covering
India, Bangladesh, Pakistan, and Sri Lanka). Ranju was most recently the
regional vice president for South Asia for Marriott International and began her
career with The Oberoi Group in 1993. She has been in several leadership
positions with Marriott.

Alyvate
partners with Bay Street. Singapore-based Alyvate Hospitality is partnering with Fremont,
California-based Bay Street Hospitality VCC as asset manager for select
hospitality assets across Southeast Asia. Bay Street Hospitality operates a
variable capital company (VCC) structure and targets joint ventures with
leading operators and developers worldwide

Miiro
adds in Europe. Miiro, the new lifestyle boutique hotel brand from Haryana, India-based
InterGlobe Enterprises, is further expanding in Europe with the project December opening of the
64-key Miiro Palais Rudolf in Vienna, Austria. This will be
Miiro’s debut in Vienna and the fifth launch in just 16 months. Miiro has
hotels in Paris, Barcelona, London and Gstaad, Switzerland and has more in the
pipeline for 2026. In addition to Miiro, InterGlobe has hotel properties in
Amsterdam, Munich, Prague, Budapest, Hamburg and Melbourne.

Kamat Hotels (India) Limited (NSE:KAMATHOTEL) shareholders have had their patience rewarded with a 25% share price jump in the last month. The last 30 days bring the annual gain to a very sharp 43%.

In spite of the firm bounce in price, given about half the companies in India have price-to-earnings ratios (or “P/E’s”) above 28x, you may still consider Kamat Hotels (India) as an attractive investment with its 18.4x P/E ratio. Although, it’s not wise to just take the P/E at face value as there may be an explanation why it’s limited.

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It looks like earnings growth has deserted Kamat Hotels (India) recently, which is not something to boast about. One possibility is that the P/E is low because investors think this benign earnings growth rate will likely underperform the broader market in the near future. If you like the company, you’d be hoping this isn’t the case so that you could potentially pick up some stock while it’s out of favour.

Check out our latest analysis for Kamat Hotels (India)

Want the full picture on earnings, revenue and cash flow for the company? Then our free report on Kamat Hotels (India) will help you shine a light on its historical performance.

Is There Any Growth For Kamat Hotels (India)?

There’s an inherent assumption that a company should underperform the market for P/E ratios like Kamat Hotels (India)’s to be considered reasonable.

Taking a look back first, we see that there was hardly any earnings per share growth to speak of for the company over the past year. Although pleasingly EPS has lifted 1,090% in aggregate from three years ago, notwithstanding the last 12 months. Therefore, it’s fair to say the earnings growth recently has been superb for the company.

This is in contrast to the rest of the market, which is expected to grow by 25% over the next year, materially lower than the company’s recent medium-term annualised growth rates.

With this information, we find it odd that Kamat Hotels (India) is trading at a P/E lower than the market. It looks like most investors are not convinced the company can maintain its recent growth rates.

What We Can Learn From Kamat Hotels (India)’s P/E?

Despite Kamat Hotels (India)’s shares building up a head of steam, its P/E still lags most other companies. While the price-to-earnings ratio shouldn’t be the defining factor in whether you buy a stock or not, it’s quite a capable barometer of earnings expectations.

We’ve established that Kamat Hotels (India) currently trades on a much lower than expected P/E since its recent three-year growth is higher than the wider market forecast. There could be some major unobserved threats to earnings preventing the P/E ratio from matching this positive performance. At least price risks look to be very low if recent medium-term earnings trends continue, but investors seem to think future earnings could see a lot of volatility.

We don’t want to rain on the parade too much, but we did also find 1 warning sign for Kamat Hotels (India) that you need to be mindful of.

It’s important to make sure you look for a great company, not just the first idea you come across. So take a peek at this free list of interesting companies with strong recent earnings growth (and a low P/E).

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.