Hosted by the InterContinental Danang Sun Peninsula Resort, the event was attended by 200 hospitality leaders from across the regions.
Also among the winners was Chinese aviation pioneer Deer Jet, which took the title of Asia's Leading Private Jet Charter, and InterContinental Grand Stanford Hong Kong, which was recognised as Asia's Leading Business Hotel.
Each World Travel Awards Gala Ceremony offers unrivalled networking opportunities to members of the travel and tourism industry, with the events welcoming government and industry leaders as well as international print and broadcast media.
World Travel Awards President Graham Cooke said: “What a fantastic evening we have here at InterContinental Danang Sun Peninsula Resort, this has truly been a highlight of the tourism calendar here in Vietnam.
“It has been an honour to recognise some leading hospitality providers from Asia and Australasia here tonight and I offer my heartfelt congratulations to each of them.
“I look forward to seeing many of the winners this evening as we move forward to the Grand Final in the Maldives where they will compete for the global titles.”
In Australasia, Air New Zealand took the title of Australasia's Leading Airline, while InterContinental Sydney was recognised as Australasia's Leading Business Hotel.
As the same time, host InterContinental Danang Sun Peninsula Resort was voted Asia's Leading Luxury Resort.
The hotel also revealed plans for expansion, with 30 new premium beachfront villas for sale. Nestled in the beautiful lush greenery of the resort, they are set to offer the ultimate in privacy, each complete with a commanding view of the East Sea from an outdoor terrace.
InterContinental Danang Sun Peninsula Resort General Manager Juan Losada said: “Congratulations to all the winners tonight. It was with enormous pride that InterContinental Danang Sun Peninsula Resort hosted such a prestigious event as the World Travel Awards Asia Australasia Gala Ceremony 2016.
"This was a unique opportunity to promote not just the resort itself but also Danang as a first-class beach destination, with gorgeous landscape and exceptional facilities.
"We are proud to be voted again as Asia's Leading Luxury Resort and delighted and grateful to World Travel Awards to have been chosen to host such a memorable event."
Partners for the Asia & Australasia Gala Ceremony 2016 include TV5 Monde, Vietnam Airlines, Danang Centre for Tourism Promotion and Vietravel.
World Travel Awards was established in 1993 to acknowledge, reward and celebrate excellence across all sectors of the tourism industry. Today, the World Travel Awards brand is recognised globally as the ultimate hallmark of quality, with winners setting the benchmark to which all others aspire.
Each year World Travel Awards covers the globe with a series of regional gala ceremonies staged to recognise and celebrate individual and collective successes within each key geographical region.