Development Asia Pacific News

September 25, 2019

Marriott International Expects to More Than Triple Portfolio in the Philippines Within the Next Five Years

Marriott International, Inc. (NASDAQ: MAR) today announced that it expects to more than triple its portfolio in the Philippines in the next five years and debut five new brands including The Ritz-Carlton, Element and Westin, underscoring strong demand from hotel owners for the company's leading brands and business platforms. With four hotels currently open in the Philippines, Marriott International expects to open 14 more properties by the end of 2024, which would add more than 3,700 new rooms for travelers to the market. Currently operating in three destinations, Marriott International during the same period expects to debut in five new destinations - Caticlan, Cebu, Davao, Mactan and Palawan - as hotel owners and developers build new hotels and convert existing ones to its leading brands.

Marriott

Philippines

Press Release

September 19, 2019

YTL Hotels and Marriott International Sign Agreement to Bring the AC Hotels by Marriott Brand to Malaysia

YTL Hotels and Marriott International have signed a Master Development Agreement to bring the AC Hotels by Marriott brand to Malaysia for the first time. The AC Hotels by Marriott brand will be exclusive to YTL Hotels for the whole of Malaysia. The signing of this agreement is one of many key milestones in the partnership between YTL Hotels and Marriott International as it continues to grow from strength to strength. AC Hotels by Marriott embraces European design and style across its international portfolio of distinctive properties in Europe and North and Latin America.

Marriott

Malaysia

Press Release

September 11, 2019

Centara Adds Three New Hotels to Phuket Portfolio

Centara Hotels & Resorts, Thailand's leading hospitality group, has signed hotel management agreements for three new hotels in Phuket's Mai Khao Beach area owned by Maikhao Dream Company Limited. Two properties are already in operation and fall under Centara management from 11th September, while the third property is in development. The new agreements expand Centara's presence across the island to a total of nine hotels and resorts, with eight in operation.

Centara

Phuket, Thailand

Press Release

September 2, 2019

China’s Hotel Construction Pipeline Continues to Expand, Setting an All-Time High, Despite Economic Slowdown

Analysts at Lodging Econometrics (LE) report that at the end of the first half of 2019, China's total construction pipeline swelled to 2,991 projects/592,884 rooms, up 19% by projects and 7% by rooms year-over-year (YOY), both at all-time highs, amidst an economic slowdown.

Lodging Econometrics

China

Press Release

September 2, 2019

Ascott Steps Up Expansion In Singapore With Four Property Openings By End Of Year

Singapore, - CapitaLand's wholly owned lodging business unit, The Ascott Limited (Ascott), is cementing its position as the largest serviced residence operator in Singapore with a record number of openings this year as well as the signing of its first Citadines Connect business hotel in Singapore. Citadines Connect City Centre Singapore, secured under a franchise agreement, will increase Ascott's total portfolio in Singapore to 17 properties across over 3,100 units.

The Ascott Limited

Singapore

Press Release

August 30, 2019

Hilton Maintains Positive Growth Outlook in Myanmar

Hilton, one of the fastest-growing hospitality companies in Asia Pacific, remains upbeat about Myanmar as a growth market within its South East Asia operations on the back of the country's positive tourism outlook.

Hilton

Myanmar

Press Release

August 21, 2019

Swiss-belhotel International Reaches Major Milestone Of 10,000 Rooms In Indonesia

Hong Kong - Swiss-Belhotel International, the global hospitality management chain, is celebrating reaching 10,000 rooms in Indonesia, the largest country in Southeast Asia and a key focus market for the company. This major milestone was achieved following the launch of a series of new Indonesian hotels in recent weeks. The 104-room Swiss-Belinn Gajah Mada Medan in North Sumatra and 150-room Swiss-Belhotel Bogor in West Java both started welcoming guests in May 2019, and the 107-room Swiss-Belhotel Serpong opened in southwest Jakarta on 1st June. This trio of new openings helped to boost Swiss-Belhotel International's Indonesian collection to 72 hotels and resorts comprising 10,873 rooms and suites. "Reaching 10,000 rooms in Indonesia is a huge achievement for our company, and I would like to thank our entire team and our esteemed local partners for making it possible. Indonesia is one of the world's most exciting markets, with rising affluence and accessibility helping to drive tourism all over the archipelago. We look forward to unveiling even more exceptional Indonesian hotels in future, as we continue to expand our presence nationwide," said Gavin M. Faull, Chairman and President, Swiss-Belhotel International. Since arriving in Indonesia over 25 years ago, Swiss-Belhotel International has built an impressive portfolio of hotels and resorts across the country, from vibrant first tier cities to emerging second and third tier destinations. The company's diverse collection now encompasses 11 Indonesian islands, stretching from Sumatra in the west to Papua in the east.

Swiss-Belhotel

Indonesia

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Press Release

August 15, 2019

Fujita Kanko's New Openings: Hotel Gracery Osaka Namba and More

Leading Japanese hotelier Fujita Kanko Inc. has accelerated its expansion in Japanby adding three distinctive properties this summer.

Fujita Kanko

Japan

Press Release

August 14, 2019

Swiss-Belhotel International Unveils Ambitious Expansion Plans In Vibrant Vietnam

Swiss-Belhotel International, the global hospitality management chain, has revealed plans for a major expansion of its hotel collection in Vietnam, one of the world’s most exciting and rapidly-emerging tourism markets. At present, the group operates one hotel in Vietnam, Swiss-Belresort Tuyen Lam, an enchanting upscale retreat in the country’s Central Highlands, not far from Da Lat. Blending graceful local hospitality with European style, this 151-room resort is popular with leisure travellers, golfers and meeting planners alike.

Swiss-Belhotel

Vietnam

Press Release

August 13, 2019

Artotel Group And Sinar Mas Land Established Joint Venture Cooperation For Rooms Inc. Brand

ARTOTEL Group is proud to announce its joint venture cooperation with Sinar Mas Land to establish one joint company with the name of PT SINAR ARTOTEL INDONESIA (PT SAI). The joint venture cooperation aims to manage Rooms Inc, a hotel brand initially created and owned by SINAR MAS LAND. PT. SAI also strives to expand Rooms Inc. to become a hotel network that expands throughout Indonesia. Also, PT. SAI will manage and expand other hotel brand owned by SINAR MAS LAND.

ARTOTEL Group

Indonesia

Press Release

August 9, 2019

Ramada® by Wyndham Continues to Expand Hotel Footprint in India

Ramada® by Wyndham - one of the most recognised hotel brands in the world with around 870 hotels in over 60 countries - continues to grow its footprint in India with the recent addition of four openings so far this year and plans to open three additional hotels by 2020 in key destinations such as Thiruvananthapuram and Aligarh.

Wyndham

India

External Article

August 7, 2019

Marriott’s Growth in China Helps Buck New Industry Trend

Marriott International is faring better than its industry rivals in the increasingly important Chinese market, thanks to its Alibaba partnership and expanding market portfolio in the country.

skift

China

Press Release

July 18, 2019

Yotel Announces Ambitious Growth Plans For Australia

YOTEL today announced its first hotel in Australia: YOTEL Melbourne, slated to open in 2022. The hotel has been signed under a management agreement with Cornerstone Partners Group, an integrated hospitality asset owner and developer with offices in Malaysia, Taiwan and Australia.

YOTEL

Australia

Press Release

July 12, 2019

Accor Plans Two New Raffles in Bali and Singapore

Since acquiring the legendary Raffles brand in 2016, Accor has announced plans to almost double the iconic collection, with recent openings including Raffles Maldives Meradhoo and Raffles Shenzhen, as well as upcoming projects including Raffles Udaipur and Raffles Jaipur. The illustrious brand is pleased to announce the addition of two new landmark projects to the pipeline with Raffles Bali set to open in 2020 and Raffles Sentosa Resort & Spa Singapore planned for 2022.

Accor

India

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July 4, 2019

Centara Targets 20 New Hotel Openings Across Vietnam By 2024

Centara Hotels & Resorts, Thailand’s leading hotel operator, has revealed plans for a significant expansion of its portfolio in Vietnam, with the goal of opening at least 20 new hotels across this vibrant and dynamic Asian nation in the next five years.

Centara

Vietnam

Press Release

June 20, 2019

Hyatt and BTG Homeinns Unveil New Hospitality Brand Under Joint Venture

Following the pioneering joint venture announcement in February, Hyatt and BTG Homeinns Hotels Group continue to make great strides with the unveiling of a new hospitality brand on Wednesday, June 19. Leveraging the respective strengths and resources of Hyatt and Homeinns, the UrCove brand is positioned to compete in the currently underserved upper-midscale segment. UrCove is an entirely homegrown hotel brand, built specifically to meet Chinese travelers' preferences and growing expectations for a seamless, comfortable and premium travel experience in the upper-midscale market.

Hyatt

China

Press Release

June 18, 2019

Best Western® Hotels & Resorts Signs Full Management Contract with Habitat Group for Asia’s First Newly-Built BW Premier Collection® Hotel

Pictured at the PSA signing ceremony: Mr. Chanin Vanijwongse, Chief Executive Officer, Habitat Group (3rd left); Ms. Sasivimol Sutthibut, Chief Operating Officer, Habitat Group (2nd left); Ms. Vimolsiri Sutthibut, Marketing Communications Director, Habitat Group (left), Olivier Berrivin, Managing Director of International Operations - Asia, Best Western (3rd right); Rodney Simpson, Senior Regional Director of Operations - Asia (2nd right); and Cyrill Czerwonka, Regional Director of Development - Asia, Best Western (right)

BWH Hotels

Pattaya, Thailand

Press Release

June 13, 2019

IHG Strengthens Luxury And Upscale Portfolios In India

InterContinental Hotels Group® (IHG), one of world's leading hotel companies has signed an agreement with Hotel Paraag Limited in Bangalore, for two hotels - the new built InterContinental Bengaluru Whitefield and Crowne Plaza Bengaluru Raj Bhavan Road, which will be a conversion hotel. The development marks the debut of the globally renowned luxury brand, InterContinental Hotels & Resorts in Bengaluru and expansion of IHG's upscale brand, Crowne Plaza in the country. Both hotels are expected to be operational by Q1 2022 and will increase IHG's system size in India by over 400 rooms.

IHG

India

Press Release

June 13, 2019

Best Western® Hotels & Resorts Signs Professional Services Agreement for Best Western Plus Carapace Hotel Khao Tao, Hua Hin

Best Western Hotels & Resorts has celebrated the signing of a Professional Service Agreement (PSA) with One Place Estate Co., Ltd. for Best Western Plus Carapace Hotel Khao Tao, its new resort in Hua Hin.

BWH Hotels

Hua Hin, Thailand

Press Release

June 12, 2019

China’s Hotel Construction Pipeline Continues to Expand with Double-Digit Increases Year-Over-Year

Analysts at Lodging Econometrics (LE) report that China's total construction pipeline continues to expand with 2,845 projects/590,809 rooms, up 15% by projects and 8% by rooms year-over-year (YOY). Both projects and rooms in the pipeline are at new all-time highs. Construction growth has been substantially enhanced by the billions of liquidity unleashed by the government last year to offset the manufacturing slump and slowing economy brought about by the escalating trade dispute with the United States. China has 2,083 projects/414,967 rooms presently under construction, up 21% and 12% YOY, respectively while projects scheduled to start construction in the next 12 months stand at 387 projects/83,074 rooms, both at record highs. Projects in the early planning stage stand at 375 projects/92,768 rooms. In the first quarter, China opened 185 new hotels/27,455 rooms. LE anticipates 795 new hotels/127,420 rooms will open for all of 2019 while in 2020, 732 new hotels with 124,160 rooms are forecast to open. Guangzhou leads China's pipeline with 128 projects/28,367 rooms, near its high set in the fourth quarter of 2018. Shanghai follows with 114 projects/22,747 rooms. Next is Chengdu at a record high 110 projects/23,295 rooms. Suzhou with 83 projects/15,092 rooms and Hangzhou with 79 projects/17,415 rooms follow. Franchise companies topping China's construction pipeline are Hilton Worldwide with 421 projects/86,750 rooms, InterContinental Hotels Group (IHG) with 340 projects/76,861 rooms, and Marriott International with 291 projects/79,860 rooms, all three setting record highs. Next is JinJiang Holdings with 273 projects/31,118 rooms and AccorHotels with 201 projects/35,318 rooms. Brands in the pipeline are dominated by Hampton by Hilton, at an all-time high, with 242 projects/38,608 rooms. Hilton's second largest brand is DoubleTree with 65 projects/18,733 rooms. IHG's primary brand in China is Holiday Inn Express, at a record count, with 162 projects/29,599 rooms and Holiday Inn with 57 projects/14,880 rooms. Marriott International's top brands are the full-service Marriott Hotel & Resort, hitting an all-time high, with 67 projects/20,373 rooms and Courtyard with 36 projects/9,321 rooms. Leading brands for JinJiang Holdings are 7 Days Inn with 118 projects/9,296 rooms, and Vienna Hotel with 74 projects/10,360 rooms. AccorHotels' leading brands are hitting all-time highs with 85 Ibis projects/9,214 rooms, and Mercure Hotel with 57 projects/9,948 rooms.

Lodging Econometrics

China