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November 9, 2011

China: Number of hotel rooms set to soar | Expected to Overtake the United States to be the World's Largest After 2025 | chinadaily.com

China's hotel market is expected to overtake the United States to be the world's largest from 2025, according to a report issued by InterContinental Hotels Group (IHG), the largest hotel company in the world by number of rooms. It is estimated China will have 6.1 million hotel rooms by 2025, the same as the United States by then. By 2039, the number of China's hotel rooms will reach 9.1 million, four times of the size it is today, said the report, which was based on the figures from the National Bureau of Statistics in China and the United Nations World Travel Organization.

chinadaily.com.cn

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August 11, 2011

Q&A: What InterContinental Hotels Plans for China, U.S. | wsj.com

InterContinental Hotels Group PLC, owner of the Holiday Inn, InterContinental and Crowne Plaza hotel brands, plans to expand further with a new upscale brand in China and another midmarket brand in the U.S. IHG executives spoke about their preliminary plans for the new brands while detailing the U.K.-based company’s second-quarter results on Tuesday. Those included a 6.5% gain in revenue per available room globally. More recently, IHG posted for July a revenue-per-room gain of 5.6%, including a 2.7% increase in the average rate.

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July 22, 2011

No-Frills Hotels Gaining Ground in India | wsj.com

After palace hotels and liveried doormen, India's hoteliers and developers are warming up to the possibilities of Spartan rooms with a bed and a television but minimal services -- no bell boys, no newspapers and no pampering. India is at the start of its second round of hotel development, this time focused on the needs of the domestic traveler. The change in strategy is attributable to India's own storyline – the growth of a middle class that spends a lot including on travel, increased business travel, and a scarcity of rooms to meet the demand of 675 million domestic travelers last year.

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May 17, 2011

China's Hotel Boom Catches A Second Wind | cnbc.com

If there's one U.S. industry that's found a home in China, it's the lodging business. The 2008 Beijing Olympics and the 2010 Shanghai World Expo offered obvious, one-time incentives for expansion in marquee destimnations. Now the growth is especially visible in so-called second- and third-tier cities most Americans have never head of, but where more Chinese are joining the middle class and staying overnight for business or pleasure — some for the very first time.

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March 29, 2011

InterContinental China-branded hotel to open by 2013 | reuters.com

InterContinental Hotels Plc (IHG.L), the world's top hotelier, expects to open a new brand of hotels specially developed for the Chinese market in 2012 or 2013, an executive said on Monday. IHG announced its intentions to launch a hotel brand for the booming Chinese travel market earlier in the year, in line with moves made by other foreign multinational companies such as Hermes International (HRMS.PA) that launched a Chinese luxury brand, Shang Xia, last September.

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March 29, 2011

Ritz-Carlton Hong Kong: The Opening | huffingtonpost.com

One of my favorite moments this past week of countdown came from a slideshow the Ritz-Carlton Hong Kong played for its employees. As the individual slides moved along one after the other, faces of famous people appeared on the screen -- the best in their field. It was Ritz-Carlton's way of telling their employees: You are the best of the best. I don't remember the name of the song that played in the background, but the chorus posed a simple question: What have you done today to make you feel proud?

huffingtonpost.com

Hong Kong (SAR)

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March 29, 2011

The Ritz-Carlton Hong Kong: The world's highest hotel opens | cnn.com

500 meters above ground and offering a very cosy lap of luxury, the newest Ritz-Carlton certainly impresses. The Ritz-Carlton Hong Kong opened Tuesday, claiming the title of world's highest hotel. Located on the top of the 488 meter tall International Commerce Centre, The Ritz-Carlton has an incredible vantage point of possibly the best panoramic views of Hong Kong. The opening marks a comeback for the hotel, which closed operations in its former location in Central in 2008. While Hong Kong is saturated with luxury hotels, Ritz-Carlton President and COO Herve Humler has faith in the market.

Hong Kong (SAR)

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March 23, 2011

World's highest hotel: Employee fashion show teaches 'what not to wear' | usatoday.com

Hotel Check-In friend Melanie Nayer's in Hong Kong this week to chronicle the March 29 opening of the world's highest hotel. Given the unusual nature of this hotel, her behind-the-scenes look will range from design to food - and, naturally, unbelievable views. The hotel occupies floors 102 to 118 of the towering International Commerce Centre. In today's report, Nayer talks

Hong Kong (SAR)

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February 9, 2011

India: Sarovar bullish on domestic market, to add 30 properties | indiatimes.com

Hotel management company, Sarovar Hotels and Resorts, which has properties across the country and one property each at Dar-es-Salam and Nairobi, is planning to add 30 properties to its network of managed hotels within the next few years. "We are bullish about the domestic market, and hope to have a 75-property network of hotels by 2012-13", Sarovar Hotels and Resorts managing director Anil Madhok told ET.

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January 17, 2011

Langham to open its first hotel ‘Eaton Smart, New Delhi’ in India on February 2011 | hospitalitybizindia.com

Hong Kong-based Langham Hotels International, owner and operator of luxury hotels, will open its first hotel in India on February 20, 2011. Eaton Smart, New Delhi Airport Transit Hotel with 93-rooms will be located inside Terminal 3 of the new airport building of IGI Airport New Delhi. Plans are afoot to open properties in Pune and Lavasa, Maharashtra by 2013.

hospitalitybizindia.com

New Delhi, India

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January 10, 2011

China plans $1.3bn 'seven-star hotel' | independent.co.uk

Beijing authorities plan to build a "seven-star hotel" modelled after Dubai's Burj Khalifa - the world's tallest building - in a $1.3 billion joint project with Saudi Arabia. The hotel will be erected in western Beijing's Mentougou district some 30 kilometres (18 miles) from the Chinese capital's centre, the state-run Beijing Morning Post said in a Thursday report, quoting a local parliamentary meeting.

independent.co.uk

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January 5, 2011

China: International hotels shift to second & third-tier cities | globaltimes.cn

After years of expanding business in China's first-tier cities, more and more international hotels are hopping on the current to the booming second and third-tier markets, reported the Global Business & Finance Tuesday. International brands like Carlson Hotels, Starwood Hotels and Marriott Hotels are on works to open hotels in cities like Zhengzhou, Henan Province.

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September 28, 2010

China draws in hotel giants | atimes.com

International hoteliers, with New York-listed Starwood Hotels and Resorts and Malaysia's Hong Leong Group to the fore, are riding the country's property boom to open new hotels at a dizzying pace, seduced by the potential of China and hurt by weak economies elsewhere. Undeterred by talk of a growing property bubble, Chinese developers are building palace-like hotels - each competing to be larger and more luxurious than the last - and inviting international companies to manage them.

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May 23, 2010

The Rise of China's Budget Hotels | forbes.com

The U.S. saw the rise of budget hotels coast to coast in the 1960s, as Comfort Inns, Motel 6, Days Inn and Super 8 hotels sprung up near major highway exits. Now as more Chinese people travel for business and for pleasure, these types of hotels are becoming commonplace in modernized China. Investors and consumers alike are riding this new consumer wave—and benefitting.

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May 19, 2010

The World's Highest Hotel, the Ritz-Carlton Hong Kong opens in December... Forbes took a sneak peek

At street level Hong Kong is a teeming cacophony. Double-decker buses weave around bicyclists toting chunks of meat from market butchers, while narrow sidewalks, inconvenient crosswalks and crowded luxury shops make walking a task best suited for the nimble and patient. But 1,600 feet above the hoi-polloi, the city seems different. It's bustling but serene, with boats criss-crossing the harbor against the topography of the glittering skyline, and green mountains rising up behind it all.

Hong Kong (SAR)

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April 21, 2010

Mumbai Hotel, a Killing Zone, Is Grand Again | nytimes.com

On Wednesday, the Oberoi Hotel, one of two five-star hotel complexes attacked by 10 Pakistan-based gunmen in November 2008, will welcome its first guests after a comprehensive $45 million reconstruction.

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April 16, 2010

Hotel ICON in Hong Kong: Where students get to play GM | cnngo.com

Hotel ICON will be Hong Kong's first teaching hotel fully owned by Polytechnic University's School of Hotel and Tourism Management. The hotel held it's topping-up ceremony yesterday at its Tsim Sha Tsui East location. The brainchild of the highly-regarded school for hospitality will be used to give students hands-on training in a real hotel environment -- think Jamie Oliver's famous teaching restaurants, called Fifteen, without the reality TV show.

Hong Kong (SAR)

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April 8, 2010

Raffles Hotel in Singapore to be sold to Qatari Diar for $275m | timesonline.co.uk

The historic Raffles Hotel in Singapore, famed for its colonial grandeur and the Singapore Sling cocktail, is to change hands in a deal worth $275 million (£180 million).

timesonline.co.uk

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December 17, 2009

Hong Kong's Hot New Hotels | Luxury hoteliers scale new heights | forbes.com

Long considered a standard-bearer in terms of 5-star luxury in Asia, Hong Kong is now home to many of the world's newest and hippest hotels. Three new hotels opened in the city in the past few months, each with its own unique flair, and even more are expected next year. One of the oldest and most prestigious names in the business, the Ritz-Carlton, will soon open the world's tallest hotel.

Hong Kong (SAR)

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September 10, 2009

At least 22 Bankok hotels for sale | bangkokpost.com

The slump in Thailand's tourism industry has resulted in at least 22 hotels in Bangkok worth a combined 17 billion baht being offered for sale, according to Patima Jeerapaet, managing director of the property consultant Colliers International Thailand.

bangkokpost.com

Bankok, Thailand