Questex takes IHIF to Asia with new 2024 event
Questex is taking the International Hospitality Investment Forum (IHIF) to Asia with the launch of a new event in the third quarter of 2024.
Development
Upscale and Upper Midscale Brands Dominate China’s Hotel Construction Pipeline at Q2 ‘23
As seen in the most recent Construction Pipeline Trend Report for China from Lodging Econometrics (LE), the country’s pipeline stands at 3,666 projects/678,965 rooms. At the close of the second quarter, the total pipeline is slightly less than the all-time high of 3,711 projects/704,101 rooms set in the second quarter of 2022.
IHG to bring another voco hotel to India with the signing of voco Goa Arpora
IHG® Hotels & Resorts, one of the world’s leading hotel companies, has announced the signing of a management agreement with Ginger Tree Goveia to bring a new hotel to Goa, India. voco Goa Arpora is set to open its doors in January 2025 as the next stride forward in IHG’s ambitious regional growth strategy for the premium brand. Earlier this year, IHG announced the signing of two voco hotels in the country across Jim Corbett and Gurugram. The latest signing marks the rapid expansion of – voco – IHG’s seventh brand in the country in a prime leisure destination and further strengthens IHG’s footprint in the country.
NSW market is key to growth says Veriu Group CEO
It’s a been a busy first half of the year for Veriu Group, with no respite in sight, as it continues to roll out its successful apartment hotel accommodation model across NSW under both its Punthill and Veriu brands.
Hilton Expands Network Effect in China with Signings Across Multiple Brand Categories
Hilton (NYSE: HLT) has announced a number of new signings in China in the first half of this year, including Conrad Qingcheng Mountain, Hilton Shanghai City Centre, Hilton Shanghai Jing'an, Curio Collection by Hilton hotels in Yantai and Anji, Hilton Garden Inn Hangzhou Grand Canal and Hilton Garden Inn Chengdu Chenghua. Marking continued growth across multiple brand categories, these properties are strategically located in ancient capitals, cultural hotspots, vacation resorts and wellness retreats.
IHG to bring a new Holiday Inn Resort to Kasauli
IHG® Hotels & Resorts, one of the world’s leading hotel companies, has announced the signing of a management agreement with AHG Hotels & Resorts Private Limited to develop the Holiday Inn Resort Kasauli. The new-build property will feature 300 rooms.
Marriott International Celebrates Growth Milestone With the Opening of Its 500th Hotel in Greater China
Marriott International, Inc. (NASDAQ: MAR) today announced the highly anticipated opening of its 500th hotel in Greater China – Rissai Valley, a Ritz-Carlton Reserve. The milestone marks Marriott’s long-standing commitment to strengthening its presence in the region since entering the market close to 40 years ago. The company plans to bolster its strong position in Greater China with a total of 47 hotels expected to open in the region in 2023 – adding close to 13,000 guestrooms to the portfolio.
Delhi‑NCR Gets its First Hilton‑Branded Hotel
Hilton (NYSE: HLT) today announced the signing of Hilton Sohna Resort & Spa, marking the debut of its flagship brand in the Delhi-NCR region. This marks Hilton’s second hotel and management agreement with the Dangayach Group, following the recent landmark signing of the country’s first Waldorf Astoria in Jaipur.
Mondrian Singapore Duxton introduces Provocateurs Welcome, a short film capturing the heart and soul of life more Mondrian
How do you capture the mood, the mantra and the ethos of a hotel experience set to break new ground in art-forward cool when you haven't even opened your doors? How do you distill the flavour of your friends in Singapore’s most happening, IYKYK neighbourhood?Turns out you make a movie. Well, a short film. Mondrian Singapore Duxton introduces Provocateurs Welcome, the spirit of what we are all about. The purveyors of art, glamour and culinary flair in the heart of Chinatown.Provocateurs Welcome offers a glimpse into a world that will become the fresh new face of hospitality in the Lion City and the new sanctuary for the artists, dreamers, mavericks and different drummers.
IHCL Expands Its Presence in Uttarakhand, Signs a SeleQtions Hotel in Naukuchiatal
Indian Hotels Company (IHCL), India’s largest hospitality company, today announced the signing of a resort in Naukuchiatal, Uttarakhand. This is a conversion and will be rebranded an IHCL – SeleQtions hotel after extensive renovations and expansion.
Corinthia Hotels Signs Agreement to Open a Luxury Resort in the Maldives
Corinthia has signed a hotel management agreement to operate a luxury resort in the Maldives in 2025.
Radisson Hotel Group advances on its 2023 expansion plans with 11 new hotel signings in India
Radisson Hotel Group continues its ambitious growth and development plan in India with the signing of 11 new hotels across brands between January and April 2023. Located in key gateway cities and emerging destinations, these new hotels are present across Hyderabad, Bengaluru, Ujjain, Raipur, Sonamarg, Manali, Kerala, and Visakhapatnam.
Wyndham Hotels & Resorts Announces Thailand Expansion with Fulcrum Ventures Asia
Wyndham Hotels & Resorts, the world’s largest hotel franchising company and leading provider of management services with over 1,600 hotels in approximately 20 markets and territories in Asia Pacific, inked 2 license agreements with investment firm Fulcrum Ventures Asia for the 183-room Ramada by Wyndham Bangkok Sukhumvit 11 and 91-room Ramada by Wyndham Bangkok Ten Ekamai Residences.
Why Japan real estate is hot property
Real estate deal activity in Japan has been among the strongest in the world this year, buoyed by its interest rate policy that has been widely credited for keeping its real estate resilient.
Hotel Construction Pipeline Growth in China Picks Up with the Return of Travel
According to the latest China Construction Pipeline Trend Report from Lodging Econometrics (LE), China’s total hotel construction pipeline stands at 3,659 projects/680,959 rooms at the end of Q1‘23, down 1% by projects and 3% by rooms year-over-year (YOY). While project counts may be down YOY, domestic and international travel gained significant momentum during the first quarter. The reopening of borders and national holidays has largely aided in the increased demand for travel accommodations, which is expected to continue this upward trajectory through the second quarter. As a matter of fact, in Q1, the country’s economy grew the fastest it had in over a year, showing people are eager to return to travel and normalcy.
The Meliá Collection Brings Its Vision of Luxury to China
Meliá Hotels International today announced the addition of its eleventh hotel in China, and the first in Asia for its exclusive luxury brand The Meliá Collection. The hotel will be located in the region of Arxan, often referred to as the “Chinese Alps", in the northeast of Inner Mongolia. The destination has the largest area of forest per person in the entire country and one of the most unspoilt and diverse natural environments, full of dense forests, springs, volcanic landscapes, lakes and glaciers.
IHG continues to lead booming business travel market in greater china with diversified investment initiatives
With the continuous recovery of domestic tourism in China, the demand for business and MICE travel has surged. Responding to this market growth, IHG Hotels & Resorts launched its 2023 IHG Greater China Expo & Owner Roadshow with the theme of "Go Beyond", hosting events in Shenzhen, Shanghai, and Beijing to showcase the company’s robust development in the business travel market.
CDL to acquire Sofitel Brisbane Central - marks the Group's expanding hospitality footprint in Australia
City Developments Limited (CDL), through its wholly-owned hotel subsidiary Millennium & Copthorne Hotels Limited (M&C) and in a 50:50 Joint Venture (JV) with its New Zealand-listed subsidiary Millennium & Copthorne Hotels New Zealand Limited (NZX:MCK), has entered into a Purchase Sale Agreement and Business Asset
Radisson signs Master Development Agreement to reach 20 hotels in the Philippines by 2028
Radisson Hotel Group has embarked on the latest phase of its expansion strategy in the Philippines, with the signing of a Master Development Agreement for the Park Inn by Radisson brand, with SM Hotels & Conventions Corp. (SMHCC) for 14 new hotels across the country over the next five years, taking their total targeted portfolio with Radisson Hotel Group, to 20 hotels by 2028.
IHG strengthens presence in Nepal with four new luxury and lifestyle signings
IHG® Hotels & Resorts, one of the world’s leading hotel companies, has signed a management agreement with Nepal based Shangri-La Hotel & Resort Group to develop four new hotels in - InterContinental Kathmandu Lazimpat, Hotel Indigo Pokhara Gharipatan, InterContinental Resort Pokhara Begnas Lake, and InterContinental Resort Chitwan, Meghauli. The signing will see IHG add close to 500 rooms to its portfolio in Nepal, and debut two of its global brands, InterContinental and Hotel Indigo in the market.