With the recent reopening of Vietnam’s borders, Marriott International, Inc. today announced plans to expand its portfolio in Vietnam, expecting to add nearly 9,000 rooms within the company’s portfolio and see the debut of key brands including Ritz-Carlton Residences, Marriott Hotels, Westin, and Courtyard by Marriott.
Fairfield by Marriott, part of Marriott Bonvoy’s portfolio of 30 extraordinary brands, today announced the planned openings in 2022 of seven new Fairfield properties across four prefectures in Japan: Nara, Hokkaido, Hyogo, and Okayama. Together with these seven planned openings, the Fairfield by Marriott Michi-no-Eki project is expected to expand its portfolio to a total of 21 hotels across nine prefectures in the country by the end of 2022.
With demand recovering faster than expected in 2021, hotel companies put the COVID-blues behind them and pressed the accelerator on their expansion plans, resulting in a year-over-year increase of over 24% in brand signings by keys. During the year, 135 new hotels with 12,359 rooms entered the branded hotel market, while 58 hotels with 3,108 rooms were rebranded.
Accor is advancing through 2022 with a continued focus on expanding its presence across Greater China, offering more hotels to travelers and loyalty members than ever before, from acclaimed brands such as Raffles, Fairmont, Sofitel, MGallery, Pullman, Grand Mercure, Novotel, Mercure, and ibis. Accor’s new project signings in China reached an all-time high in 2021 – leading to more than 520 hotels now in operation and an additional 350 under development. Accor is also on track to drive even greater momentum and growth success this year.
Marriott International, Inc. today announced plans to expand its portfolio in Greater China with the anticipated additions of more than 50 hotels in over 30 destinations across the region in 2022. The company also expects to open its 500th hotel in Greater China in early 2023, underscoring its confidence in the recovery and long-term growth of the region.
Radisson Hotel Group further strengthened its portfolio in India with the signing of nine new hotels across five brands in 2021. Located in key gateway cities and emerging destinations, these new hotels will collectively add over 1,000 rooms to its domestic network in the next three to five years. In 2021, the Group grew its presence in India with the opening of 12 new hotels and introducing two new brands, including Radisson Individuals and Radisson RED.
Narai Hospitality Group is expanding its portfolio into luxury hospitality with the launch of Marasca Hotels & Resorts—a collection of intimate, casual luxury escapes in unique locations that promise ‘cherry-on-top’ moments and experiential stays. Marasca will mark its entrance into Thailand’s hospitality space with the first property, Marasca Khao Yai, opening in 2022, which will be followed by Marasca Koh Samui in 2023.
Burgeoning hotel group, Meliá Hotels International, is set to become one of the largest international hotel brands in Vietnam through a new collaboration with the country's largest domestic hotel owner, Vinpearl.
As seen in the Q4 2021 China Construction Pipeline Trend Report from Lodging Econometrics (LE), China's total hotel construction pipeline at the end of the fourth quarter stands at 3,693 projects/700,567 rooms, up 9% by projects and rooms year-over-year (YOY).Despite the country’s COVID-19 travel restrictions for international visitors, hotel construction and development in China continued to thrive throughout 2021. At year-end, both projects and rooms in the construction pipeline are at new all-time highs, marking the highest totals the country has ever seen.
Indian Hotels Company (IHCL) today announced the signing of 13 new amã Stays & Trails bungalows. With this, the brand is stepping into four new destinations – Chandigarh, Gurgaon, Kanha and Kochi. It is also adding another bungalow in Lonavala.
Best Western® Hotels & Resorts breaks new ground in Vietnam with the signing of an exciting two new projects in Ho Tram, the vibrant beachfront resort area just 110km from Ho Chi Minh City, which is set to redefine the region’s tourism and hospitality industry.
IHG Hotels & Resorts, one of the world’s leading hospitality companies, is proud to announce a four-hotel, 2,709-room portfolio deal in Vietnam with long-standing partner Sun Hospitality Group (a member of Sun Group), the renowned tourism-focused real estate developer.
Leading international hospitality management company, Hilton (NYSE: HLT), today celebrated a new milestone in China with the opening of its 400th hotel in the country — Hilton Lanzhou City Center. The opening marks the first hotel under Hilton Hotels & Resorts in Gansu Province, and signals a positive growth momentum for the company amidst a challenging year to continue the rapid expansion of its extensive presence in the market.
Mr. Puneet Chhatwal, MD & CEO, Indian Hotels Company (IHCL) and Mr Vinayak Deshpande, MD - Tata Projects with the all-woman project execution team at Ginger Hotel site in Santacruz, Mumbai.
Professor Peng Liu and Terence Loh ’97, MBA ’06 challenge students to solve a real-world business problem in their case study, “Real Estate: Private Equity Investment in Shanghai.” This research was published jointly by the Center for Hospitality Research and the Center for Real Estate and Finance.
Gurgaon, - Fortune Hotels, a wholly-owned subsidiary of ITC Ltd announced the signing of two individual operating agreements for hotels in Katra (Jammu & Kashmir) and Amritsar (Punjab), thereby strengthening its growth strategy in key pilgrim locations and adding over 100 new rooms to its existing inventory.
Swiss-Belhotel International, one of the world’s fastest-growing hotel management groups, is set to bring four high-end trademarks from its 16-brand portfolio to the Vietnamese market, including its upscale Swiss-Belresidences branded residences offering, Grand Swiss-Belhotel, Grand Swiss-Belresort, Swiss-Belhotel and Swiss-Belresort.
Swiss Professionalism with Asian Passion are the central pillars of Swiss-Belhotel International ’s brand vision and hospitality. With an extraordinary portfolio of 16 brands, the Group’s quintessentially Swiss qualities and values, delivered with Asian passion, are inspired to foster unique and immersive experiences.
Thailand’s pristine beaches and resorts recently reopened to tourists for the first time since the onset of the pandemic, spurring a shot of optimism for the hotel sector in the country and beyond.
Ginger signs a new hotel in Dehradun and Coimbatore.