Leading global hospitality company Hilton (NYSE: HLT) today announced the grand opening of Conrad Chongqing, establishing its 700th hotel in Greater China. This significant milestone underscores Hilton’s continued growth in the region and marks the luxury brand’s debut in the mountain city, further expanding Hilton’s presence in West China.
KSL Capital Partners, LLC ("KSL"), a leading investor in travel and leisure businesses, today announced its affiliates will invest $21 million in the W Maldives to fully renovate the resort and plan to recommence capital spending at the Sheraton Maldives Full Moon Resort & Spa ("Sheraton Maldives") to continue investing in one of the most expansive luxury properties in the Maldives.
As seen in Lodging Econometrics’ (LE’s) Q2 2024 Hotel Construction Pipeline Trend Report for China, the country’s hotel construction pipeline has reached unprecedented heights at the close of the second quarter. The pipeline stands at a record-high 3,815 projects with 699,786 rooms, marking a 4% increase in projects and 3% in rooms year-over-year (YOY).According to the Q2 report, projects under construction have hit a new all-time high of 2,743 projects with 498,551 rooms, accounting for 72% of the projects in China’s total pipeline and growing 3% by projects and 4% by rooms YOY. Projects scheduled to start construction in the next 12 months stand at 390 projects/70,520 rooms at Q2, up 9% by projects and 10% by rooms YOY. Projects in early planning grew 4% YOY at Q2 to close the quarter at 682 projects/130,715 rooms.
Radisson Hotel Group is delighted to announce the addition of three new hotels in the Philippines, adding more than 450 keys to its portfolio in three first and second-tier destinations – Cauayan City, Olongapo and Dasmarinas – to reaffirm its status as one of the country’s leading international hotel groups.
As times evolve and people change, so do hotels, and no brand captures this transformation quite like The Standard, a pioneer of lifestyle hotels. With a rich history of igniting cultural shifts while delivering unforgettable hospitality in marquee locations such as New York, Miami, London, and Bangkok, as well as chic outposts in Hua Hin, Ibiza, and the Maldives, The Standard is no stranger to reinvention. And just as every elegant it-girl has her wild side, so does The Standard.
Spanish Hotel Group Meliá Hotels International is building its presence in Southeast Asia with two new Thailand hotels, including the launch of the first Paradisus by Meliá-branded property in the region. The new hotels will come online as Meliá properties through an expanded partnership with Thailand’s leading integrated lifestyle real estate group, Asset World Corporation (AWC).
In 2014, Alvaro Moreno was still in the early stages of his hospitality career. His professional journey had taken him to a major hotel in Đà Nẵng where he was helping to build out an operations team and he reached out to his former business school in Galicia, Spain, he was connected with Jacobo Priegue. Their meeting proved serendipitous – they both clearly saw the vast opportunities in Vietnam's rapidly-growing hospitality industry and two years ago, the duo decided to launch a platform that could transform it.
Accor Greater China, together with Changzhou High-Speed Railway Town and Changzhou High-Tech Group Co., Ltd., has announced the signing of a multiple property hospitality project in the fast-growing community of Changzhou High Speed Rail New Town. Sofitel Changzhou will bring a French luxury experience, complemented by Novotel Changzhou and a Novotel Living Changzhou extended stay hotel. The deal comes as Accor is experiencing an ambitious period of growth across Greater China, having recently opened its 700th hotel, with more than 100 hotels set to open by year-end and 150+ development projects currently underway.
RIU Hotels & Resorts returns to Mauritius with a bang with two new hotels in the foothills of the famous Le Morne Brabant. Riu Palace Mauritius is the first RIU Palace hotel opening in this destination. It is a four-star superior Adults Only hotel with the new and exclusive Elite Club service. The four-star Riu Turquoise, in turn, is a hotel ideal for a family holiday thanks to its wide variety of services and dining options.
Marriott International, Inc. announced the first three projects under its strategic cooperation agreement with Delonix Group, one of the leading China-based hospitality companies, are now underway. Anticipated to open in spring 2025, the first signed Tribute Portfolio Hotels are expected to mark the brand’s debut in three scenic destinations, and include the Grand New Century Hotel, Hangzhou Boao, a Tribute Portfolio Hotel, the Wonderland Resort, Hangzhou Jiande, a Tribute Portfolio Resort and the Grand New Century Hotel, Chongqing, a Tribute Portfolio Hotel.
Lodging Econometrics’ (LE’s) Q1 2024 Hotel Construction Pipeline Trend Report reveals steady growth in China’s construction pipeline, with 3,775 projects encompassing 695,212 rooms. The total pipeline in the country continues to expand, increasing 3% by projects and 2% by rooms year-over-year (YOY).
IHG Hotels & Resorts, one of the world’s leading hotel operators, is proud to debut two Luxury & Lifestyle brands in Vietnam this year as it introduces Hotel Indigo and Vignette Collection to the market as part of its growth strategy.
Minor Hotels, a global hotel owner and operator with more than 540 properties in 56 countries, is set to intensify its presence in the dynamic Indian hospitality market, targeting 50 new openings within the next decade.
Leading independent hospitality company Amora Hotels & Resorts is positioning itself for a new phase of expansion in Asia Pacific as it prepares to introduce its unique style of customer-centric luxury hospitality to new destinations across the Pacific and Southeast Asia.This week, the group opened its inaugural corporate office in Sydney, which will spearhead a growth plan to double its portfolio from six to 12 hotels in five years.
With close to 50 hotels in the pipeline, IHG® Hotels & Resorts, one of the world’s leading hotel companies, will double its operating portfolio in India in next 5 years. The company recorded strong signing performance in 2023 with 13 deals closed across its brands in luxury, premium and essentials categories, strengthening its footprint in cities such as Gurgaon, Jim Corbett, Mumbai, Amritsar and Goa. Close to 70% of the signings were in midscale and upper midscale segments, which continues to be a growth driver for the company in India, followed by premium and luxury.
IHG®Hotels & Resorts, one of the world’s leading hotel companies, has announced the signing of a management agreement with IVY Hotels & Resorts to bring the first Crowne Plaza hotel to Uttarakhand. Scheduled to open in April 2028, Crowne Plaza Dehradun Rajpur Road hotel will add 110 keys to IHG’s portfolio in the state and build on IHG's commitment to expand its portfolio in well-known leisure destinations across the country.
Accor, the region’s largest international hospitality group, is delighted to announce the opening of 22 hotels and over 6,000 rooms in Japan on Monday, 1 April 2024. With these openings, the Group’s footprint in Japan will instantly double increasing Accor’s portfolio of hotels in Japan to 46 properties.
Accor is pleased to announce the signing of a radiant new MGallery Hotel Collection address in Chengdu. Chengdu Financial City – MGallery Collection will open in 2026, in the vibrant central business district of the city, with dazzling views overlooking the banks of the Jinjiang River. Chengdu Financial City – MGallery Collection will be the third hotel in the Chengdu area for the MGallery brand, joining Ocean Spring Resort Chengdu – MGallery and the soon-to-open Chengdu Expo Waterfall Hotel – MGallery later this year. The signing of Chengdu Financial City – MGallery comes as Accor is set to open five MGallery hotels in Greater China in the coming months, doubling the brand’s portfolio in the country from its current five hotels in operation to 10 by the end of the year.
Phuket has seen an unprecedented onslaught of overseas buyers transform the island into the largest leisure branded residences real estate market in the world. The current supply of branded properties has now eclipsed a staggering USD2.3 billion (THB80 billion) and is expected to grow further according to new data from hospitality consulting group C9 Hotelworks. One of the most compelling storylines of Phuket’s economic shift from a tourism-dependent economy into a property giant is the blurring of lines between hospitality and real estate.
Thailand’s commercial real estate industry is poised to perform strongly in 2024, driven by the ongoing recovery in the country’s tourism market, growing manufacturing sectors, and flight-to-quality and flight-to-green movements into prime assets across core sectors. According to JLL (NYSE: JLL) a leading global commercial real estate and investment management company, Thailand’s real estate market will demonstrate resilience in the coming 12 months as an uncertain global macroeconomic environment will be offset by an array of domestic policy initiatives and domestic market confidence.