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.
Minor Hotels, an international hotel owner, operator and investor with more than 540 hotels in 56 countries worldwide, and its joint venture partner in China, Funyard Minor JV Co., (China), is announcing the upcoming debut of Avani Hotels & Resorts in China. Located in a protected national forest area of Guangdong Province, Avani Huajian Xinyi Guangdong Resort and Avani+ Xinyi Guangdong Resort will be one of the first international upscale hotel brands in Xinyi when they open in the first half of the year.
Expanding its presence as one of the largest international hotel groups in the country, Radisson Hotel Group has accelerated its growth in India by signing 21 hotels in 2023, under its strong portfolio of nine leading brands.
According to the latest China Construction Pipeline Trend Report from Lodging Econometrics (LE), China’s total hotel construction pipeline reached a new all-time high by projects for the second quarter in a row at Q4 2023. With a 6% year-over-year (YOY) increase in projects and a 2% YOY increase in rooms, the country’s total pipeline ended the year at 3,788 projects with 691,772 rooms.
IHG Hotels & Resorts (IHG), one of the world’s leading hotel companies, is paving the way for exciting developments in 2024. After a significant revival in Greater China’s cultural and tourism industry in 2023, IHG anticipates strong consumption of energy and market confidence in the new year. As an industry leader, IHG is exploring both preferred and emerging destinations in the region under its “True Hospitality for Good” vision.
In breaking news, Boutique Fund Manager, Serene Capital, has taken ownership of the Adina Apartment Hotel Barrack Plaza, a 100-key hotel at 138 Barrack Street in Perth’s CBD. As of Wednesday, January 31, the hotel joined more than A$850 million assets currently under Serene Capital management.
Indian Hotels Company (IHCL), India’s largest hospitality company, marks yet another year of accelerated portfolio expansion in 2023 with 32 new hotels signed and 18 new hotels opened. Reinforcing its position as a leader in the hospitality landscape, IHCL’s portfolio at 285 hotels includes an industry leading pipeline of 85 hotels.
IHG Hotels & Resorts, one of the world’s leading hotel companies, is proud to announce the signing of its sixth Vignette Collection property in Thailand. The beachfront resort along Nai Yang Beach joins IHG Hotels & Resorts’ growing Luxury and Lifestyle portfolio – now the second largest in the world – as its first collection brand strides towards its ambition to reach 100 properties in 10 years.
London, United Kingdom – IHG Hotels & Resorts (IHG) plans to launch the Garner™ brand in Japan this year, marking the first deal outside of North America for its new midscale conversion brand.