Development Asia Pacific News - Hospitality Net

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Opinion Article

September 19, 2022

Indian Hotel Industry Continues to be a Nascent Transaction Market

The deal activity in the global travel and tourism industry has been improving, with 573 deals (including M&A, private equity, and venture financing) being announced during the first half of 2022, up 3.1% over the same period in 2021. However, deal activity in India continues to be lackluster, as the industry has also not yet witnessed a flurry of distressed transactions in the fallout of COVID. Nonetheless, there are several hotel assets for sale in the market and HVS currently has over a dozen buy-side, sell-side, and capital restructuring mandates.

By Mandeep Lamba and Dipti Mohan

September 15, 2022

TFE Hotels and Capital Alliance Unite for $340M Docklands Development

Local developer and hotel owner Capital Alliance, in partnership with Australia’s International Hotel Group, TFE Hotels, has announced a first-of-its-kind mixed-use development in Melbourne Docklands, featuring two world class local hotel brands.

Melbourne, Australia

September 12, 2022

Hilton Garden Inn is Set to Triple its Portfolio in Greater China

Hilton Garden Inn, the upscale focused service brand of leading global hospitality company Hilton (NYSE: HLT), is poised to triple its portfolio in Greater China, and offer travelers an expanded network of 135 properties in the coming years. With 98 hotels in the pipeline, nearly 1 in 3 future openings for the brand globally will be in this market. The brand’s development strategy in Greater China is focused on top-tier cities, as well as emerging destinations located along high-speed railway lines.

September 5, 2022

IHCL Announces Laying of the Foundation Stone for Two New Hotels in Ekta Nagar, Gujarat

Indian Hotels Company (IHCL), India’s largest hospitality company, today announced two upcoming hotels in close proximity to the famed Statue of Unity in Ekta Nagar, Gujarat. Mr. Jaishankar, Minister of External Affairs laid the foundation stone in the presence of Mr. N. Chandrasekaran, Chairman, Tata Sons and Mr. Puneet Chhatwal, Managing Director & CEO, IHCL.

Ekta Nagar, Gujarat, India

September 2, 2022

Pride Group of Hotels to Expand its Presence in North India

The Pride Group of Hotels is presently scaling up its operations in North India with the launch of additional new properties by 2022. The new portfolio includes hotels and resorts in Agra, Rishikesh, Haldwani, Jim Corbett, Gurugram, Nainital, Dehradun, and Jaipur. The Pride Amber Vilas Resort & Convention Centre Jaipur, is an exclusive resort hugely popular with domestic and international tourists & has now been extensively refurbished and set to reopen in September 2022 with lavish convention centre and artistic lawns. Pride Suites Gurugram will be the first property under the brand Pride Suites, marking Pride group’s foray into the premium service apartment space.

Pride Hotels & Resorts

August 31, 2022

IHG Marks 600th Hotel Opening Milestone in Greater China

InterContinental Hotels Group (IHG®), one of the world’s leading hotel companies, today announced the opening of its 600th hotel in Greater China with the debut of Kimpton Bamboo Grove Suzhou. As another significant growth milestone in its fastest-growing market globally, the opening further strengthens IHG’s industry-leading position, demonstrates its long-standing commitments to the Greater China market, and is a true testament to the strength of IHG’s collaborative efforts with its owners.

August 30, 2022

Artyzen Hospitality Group Launching 5 Projects in Shanghai This Year

Artyzen Hospitality Group ("Artyzen") is fully invested and committed to the development of the tourism and hospitality industry in China. Its diverse portfolio includes five projects in Shanghai: lifestyle hotels, conference centres, and service apartments, all slated to open by the end of 2022. These dynamic projects will bring new energy to their locations, creating a vibrant lifestyle ecosystem in Shanghai, setting a new benchmark in contemporary, sustainable urban living.

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August 26, 2022

Nobu Announces an Exclusive Thailand-Wide Development Agreement

Nobu Hospitality, the globally iconic and fastest growing luxury lifestyle brand, and Asset World Corp Public Company Limited (AWC), Thailand's leading integrated lifestyle real estate group are delighted to announce the exclusive Thailand-wide development agreement, and the commencement of two exciting projects in Bangkok.

August 23, 2022

Accor signs Landmark Multi-Agreement deal with Hann for Luxury Integrated Lifestyle Resort in Clark, Philippines

Accor is expanding its presence in the Philippines with the signing of two new properties in Clark City. Located within a luxury integrated resort, Hann Lux, Sofitel Clark and Emblems Clark will offer convenient access to high-end fashion stores, French inspired cafes and convention facilities. Sofitel Clark will comprise 300 guest rooms while the Emblems Clark will feature 200 guest rooms. The landmark multi-agreement signing will see the expansion of a well-established partnership between Hann and Accor to six hotels in Clark, Philippines.

Clark, Philippines

August 18, 2022

China’s Hotel Construction Pipeline Hits Record High Upscale and Upper Midscale Project Counts at Q2 2022

According to the latest Construction Pipeline Trend Report from Lodging Econometrics (LE), the total China hotel construction pipeline stands at 3,693 projects/701,974 rooms. At the end of the second quarter, the country’s construction pipeline is slightly less than the all-time high of 3,711 projects/704,101 rooms set in the first quarter (2022) and is up 7% by projects year-over-year (YOY) and 6% YOY by rooms.

Lodging Econometrics

August 11, 2022

SUN & MOON Riverside Hotel Selects INTELITY to Integrate Tech in Supporting Guests

INTELITY®, provider of hospitality’s leading guest experience and staff management platform, announced today a deal with SUN & MOON Riverside Hotel to implement the INTELITY platform and mobile app with mobile check-in and mobile key for a fully digital guest experience.

Phnom Penh, Cambodia

August 9, 2022

Ennismore Continues Expansion Across New Zealand With Four New Lifestyle Hotel Signings

Ennismore, the fastest-growing lifestyle hospitality company, announces its continued expansion across New Zealand and Australia, with the signing of four new hotels in New Zealand with CP Group. The partnership will see the opening of four new hotels including a JO&JOE in Auckland, two TRIBE hotels in Auckland, and a Hyde in Queenstown, creating 170 new career opportunities. The hotels will open across 2023-24.

August 2, 2022

Radisson Hotel Group showcases Vietnam to travelers with expanding nationwide portfolio

Rapidly growing collection helps travelers discover many established and emerging destinations across the country, from the rolling hills of the north to the idyllic islands of the south.

Radisson Hotel Group

July 12, 2022

Accor and Sunmei Set to Open More Than 400 New Mövenpick Hotels Across China

Accor, a world leader in hospitality, today announced a new master franchise agreement with Sunmei Digital Intelligence Group to debut and develop Mövenpick by Accor brand across China. Together, Sunmei and Accor plan to open more than 400 Mövenpick by Accor smart technology hotels across China, representing more than 60,000 guestrooms. Sunmei Digital Intelligence Group will be Accor’s exclusive strategic partner for Mövenpick by Accor branded hotels in China, leading the brand’s aggressive expansion efforts. The first Mövenpick by Accor hotel under this new agreement will open its doors in the beautiful coastal city of Qingdao, in eastern Shandong Province, in 2023 – coinciding with the 75th anniversary of the Mövenpick brand.

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July 4, 2022

Accor completes deal with Salter Brothers to add nine Mercure hotels to its growing portfolio

The momentum behind Accor’s popular Mercure brand in Australia continues with the Group adding nine Mercure hotels to its collection, following Accor’s landmark hotel management portfolio agreement with Salter Brothers with an industry-leading link to ESG outcomes.

June 30, 2022

Radisson Hotel Group commits to its owners and guests in Thailand with plans of 100 new signings by 2025

Radisson Hotel Group is gearing up for the recovery of travel and hospitality in Thailand with plans to exponentially expand its portfolio by adding 100 hotels and resorts in the country by 2025. The new growth plans for Thailand represent part of the Group’s wider expansion strategy which targets the growth of its current portfolio of 400 properties to over 2,000 hotels and resorts in operation and development by 2025. At present, Radisson Hotel Group has a collection of 6 properties in Thailand, with 4 hotels currently operating in Bangkok and two more in the pipeline in Phuket and Pattaya.

Radisson Hotel Group

June 27, 2022

Banyan Tree Group Debuts in Japan with Five Upcoming Properties

Banyan Tree Group today announces its expansion into Japan, a frontier location for the global, multi-branded hospitality group. This introduction of four brands marks the Group’s first-ever entry into Japan since its inception in 1994, and further reinforces its stronghold in Asia.

June 27, 2022

Marriott International Signs Landmark Agreement With Vinpearl to Add Eight Hotels in Vietnam

Marriott International, Inc. today announced a strategic agreement with Vinpearl, Vietnam’s largest hospitality and leisure chain, to convert and develop 2,200 rooms across eight hotels in Vietnam - significantly expanding its portfolio of world-class hotels and resorts in the country. This collaboration expects to see the debut of the Autograph Collection Hotels brand in the country, while other planned openings span the following brands: Marriott Hotels, Sheraton Hotels & Resorts, and Four Points by Sheraton.

June 22, 2022

IHG Hotels & Resorts and Sun Hospitality Group take decade-long relationship to new heights

IHG Hotels & Resorts (IHG), one of the world’s leading hotel companies, has announced a strategic alliance framework agreement with long-term partners Sun Hospitality Group (SHG) to introduce fresh and innovative concepts, experiences and products in Vietnam.

June 14, 2022

Homes & Villas by Marriott International Lands in Australia and New Zealand

Homes & Villas by Marriott International, the Marriott Bonvoy travel program’s curated and growing collection of premium and luxury whole home rentals around the world, today announced its launch in Australia and New Zealand – marking the platform’s entrance in Asia Pacific. The expansion into these new markets adds over 350 premium and luxury homes to the platform in prime leisure destinations, including Sydney, Melbourne, Perth, Brisbane and Orange in Australia, and Auckland and Queenstown in New Zealand – just to name a few.