Ho Kwon Ping, founder and executive chairman of Banyan Tree Holdings, underscored Asia's crucial influence in reshaping the hospitality and real estate industries. "Despite China's short-term difficulties, it is poised to emerge as a significant long-term beneficiary," Mr. Ho remarked.

He observed that while the U.S. might gain temporarily, Asia is experiencing a considerable shift in global power. Mr. Ho stressed the importance of regional cooperation to unlock Asia's full potential, urging for collaborative adaptation among Asian countries.

In the hospitality industry, Mr. Ho identified strong opportunities within Asian markets, fueled by a rise in domestic tourism, especially in China. He highlighted the trend of converting office buildings into hotels to accommodate increasing demand.

In Japan, a surge in tourism driven by affordability is helping maintain its status as a leading travel destination. H. Roger Wang, chairman of Golden Eagle International Group, highlighted the robustness of China's economy, noting that strategic flexibility is crucial during tough times.

"China's extensive and diverse economy can handle short-term setbacks," Mr. Wang stated, emphasizing the role of technology and strategic investments.

Golden Eagle has thrived through substantial outsourcing, which has lowered payroll costs while ensuring competitiveness, Mr. Wang pointed out.

Overall, industry leaders remain hopeful about Asia's future in hospitality, attributing success to adaptability and innovation as essential for navigating the changing global landscape.