Capella Bangkok, located along the banks of the Chao Phraya River, topped the list.
This hotel features 101 suites and villas, all offering views of the river. The design, inspired by Japanese aesthetics, showcases neutral tones throughout.
Rooms start at US$1,000 per night.
The list was first created last year by The World's 50 Best Hotels Academy, a group of over 580 independent industry leaders.
The results were based on votes by industry experts and experienced travelers.
Passalacqua, situated by Lake Como in Italy, ranked second.
Described as a "gem" by travel experts, this hotel is housed in an 18th-century villa that once hosted many Italian aristocrats.
Its 24 boutique-style rooms highlight exquisite Italian craftsmanship.
Last year, Passalacqua won the award for Best Hotel.
Prices start at $1,300 per night.
Rosewood Hong Kong took the third place, admired for its minimalist design blended with luxurious marble.
The hotel, which opened in 2019, offers breathtaking views of Victoria Harbor.
The bathrooms, described as a "symphony of marble and mirrors," are the highlight, giving the space a palace-like atmosphere.
Bedrooms feature neutral tones and wooden furniture for a calming effect.
Prices start at $650 per night.
In fourth place is Cheval Blanc Paris, located next to the city's iconic Pont Neuf bridge.
Its 72 rooms overlook the Seine and include marble bathrooms, private dressing rooms, and Maison Dior fragrances.
Rates start at $3,000 per night.
The Upper House in Hong Kong ranked fifth, featuring 117 rooms with panoramic views of Victoria Harbor and the city.
The hotel is home to over 400 pieces of art, from ceramics to sculptures in marble, sandstone, and bronze, creating a serene atmosphere throughout.
Rates start at $650 per night.
Raffles Singapore secured the sixth spot.
Known for its historical significance, this iconic hotel is where the last tiger in Singapore was shot and where the famous Singapore Sling cocktail was created.
Designated a national monument in 1987, Raffles has undergone multiple renovations, the latest in 2019.
It used to accommodate notable guests including Charlie Chaplin, Queen Elizabeth II, and author Rudyard Kipling.
Prices start at $2,000 per night.
Aman Tokyo ranked seventh and is described as a "sanctuary of light" in the heart of bustling Tokyo.
Travel experts highlight the peaceful atmosphere inside the hotel, contrasting sharply with the lively surroundings outside.
Prices start at $1,800 per night.
The Soneva Fushi Resort in the Maldives came in eighth with its "no news, no shoes" motto, allowing guests to enjoy full isolation.
Accessible by seaplane, the resort offers 63 individual villas, each with a personal butler to attend to guests' needs.
Prices start at $2,800 per night.
Atlantis The Royal in Dubai ranked ninth and is praised for its "over-the-top luxury."
This massive property boasts 795 rooms, 17 restaurants, 17 boutiques, and over 3,000 square feet of wellness space.
Prices start at $2,200 per night.
Rounding out the top 10 is Nihi Sumba on Indonesia's Sumba Island, which focuses on sustainability and regularly launches eco-friendly initiatives to preserve the island's ecosystem.
Guests can explore organic gardens, water recycling systems, and turtle hatcheries while participating in programs aimed at protecting the island's natural resources.
Prices start at $1,300 per night.
