Development Asia Pacific - Hospitality Net

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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.

June 3, 2022

Hong Kong’s co-living sector gains appeal

Notwithstanding the dampened buyer sentiment in the residential market, Hong Kong’s real estate investment market witnessed a surge in en-bloc hotel transactions. While 2021 was considered an active year for hotel investment, 2022 is set to become substantially more dynamic. In the first five months of 2022 alone, two en-bloc hotel deals have been closed, while three others are reportedly underway.

Hong Kong, China

June 2, 2022

Ascott Acquires First lyf Coliving Property in Sydney Through Its Serviced Residence Global Fund

CapitaLand Investment Limited’s (CLI) wholly owned lodging business unit, The Ascott Limited (Ascott) is acquiring its first lyf-branded coliving property in Sydney, Australia. The acquisition of the freehold asset is made via the Ascott Serviced Residence Global Fund (ASRGF)1, Ascott’s private equity fund with Qatar Investment Authority. This is ASRGF’s third investment in 2022, following the acquisition of Somerset Hangzhou Bay Ningbo and Citadines Canal Amsterdam in March 2022. To date, ASRGF has invested in 12 properties for close to US$500 million. ASRGF has since divested its first property at returns that outperformed its expected underwriting.

The Ascott Limited

May 19, 2022

China's Hotel Construction Pipeline Hits Record High Project & Room Counts at Q1 2022

According to the latest Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of Q1 ‘22, China’s total hotel construction pipeline reached record high project and room counts, standing at 3,711 projects/704,101 rooms and up 8% by projects and 7% by rooms year-over-year (YOY).China has 2,623 projects/477,245 rooms presently under construction, both at record highs, and up 11% and 12% YOY, respectively. Projects scheduled to start construction in the next 12 months stand at 504 projects/96,054 rooms. Projects and rooms in the early planning stage are up 26% and 17% YOY, respectively, and stand at 584 projects/130,802 rooms at the end of Q1 2022.

Lodging Econometrics

May 5, 2022

TFE Hotels Announces Expansion into South East Asia

Australia’s International Hotel Group, TFE Hotels, has announced a rapid expansion into Asia with their homegrown brands, Adina and Vibe Hotels, due to open for business in Q3 and Q4 of this year.

April 20, 2022

Accor, Ennismore and Country Garden’s Funyard to develop more than a thousand JO&JOE hotels in China

Accor in collaboration with Ennismore today announced an unprecedented long-term master franchise agreement with Country Garden’s core alliance enterprise, Funyard Hotels and Resorts. Together with Funyard, one of the top hotel and property developers in China, Accor and Ennismore will introduce the lifestyle brand JO&JOE to China, with a commitment to open at least 1,300 JO&JOE hotels, representing more than 100,000 guestrooms. Funyard will be the exclusive strategic partner of the JO&JOE brand in China.

April 19, 2022

La Vie Hotels & Resorts expands its presence in Sri Lanka with three key Radisson Hotel signings

La Vie Hotels & Resorts, one of Asia Pacific’s leading and fastest growing independent hotel management companies, has signed a landmark deal with Radisson Hotel Group and Sino Lanka Group to operate three hotels in Sri Lanka.

La Vie Hotels and Resorts

The next-gen metrics that move hotel P&L

Hotel tech has changed what's possible – and measurable. RevPAR and ADR aren't enough; discover the metrics that really matter.

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March 31, 2022

Marriott International Expects to Quadruple Its Portfolio in Vietnam With a Signed Pipeline of 30 Hotels

With the recent reopening of Vietnam’s borders, Marriott International, Inc. today announced plans to expand its portfolio in Vietnam, expecting to add nearly 9,000 rooms within the company’s portfolio and see the debut of key brands including Ritz-Carlton Residences, Marriott Hotels, Westin, and Courtyard by Marriott.

March 24, 2022

Fairfield by Marriott Continues Its Expansion in Japan with Seven Anticipated Hotel Openings in 2022

Fairfield by Marriott, part of Marriott Bonvoy’s portfolio of 30 extraordinary brands, today announced the planned openings in 2022 of seven new Fairfield properties across four prefectures in Japan: Nara, Hokkaido, Hyogo, and Okayama. Together with these seven planned openings, the Fairfield by Marriott Michi-no-Eki project is expected to expand its portfolio to a total of 21 hotels across nine prefectures in the country by the end of 2022.

Opinion Article

March 21, 2022

Indian Hotels Sector – Brand Signings in 2021

With demand recovering faster than expected in 2021, hotel companies put the COVID-blues behind them and pressed the accelerator on their expansion plans, resulting in a year-over-year increase of over 24% in brand signings by keys. During the year, 135 new hotels with 12,359 rooms entered the branded hotel market, while 58 hotels with 3,108 rooms were rebranded.

By Mandeep Lamba and Dipti Mohan

March 7, 2022

Accor roars into the Year of the Tiger with record growth across Greater China

Accor is advancing through 2022 with a continued focus on expanding its presence across Greater China, offering more hotels to travelers and loyalty members than ever before, from acclaimed brands such as Raffles, Fairmont, Sofitel, MGallery, Pullman, Grand Mercure, Novotel, Mercure, and ibis. Accor’s new project signings in China reached an all-time high in 2021 – leading to more than 520 hotels now in operation and an additional 350 under development. Accor is also on track to drive even greater momentum and growth success this year.

March 4, 2022

Marriott International Sees Continued Growth in Greater China with More Than 50 Anticipated Hotel Additions in 2022

Marriott International, Inc. today announced plans to expand its portfolio in Greater China with the anticipated additions of more than 50 hotels in over 30 destinations across the region in 2022. The company also expects to open its 500th hotel in Greater China in early 2023, underscoring its confidence in the recovery and long-term growth of the region.

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March 3, 2022

Radisson Hotel Group adds nine new hotel signings across South Asia in 2021

Radisson Hotel Group further strengthened its portfolio in India with the signing of nine new hotels across five brands in 2021. Located in key gateway cities and emerging destinations, these new hotels will collectively add over 1,000 rooms to its domestic network in the next three to five years. In 2021, the Group grew its presence in India with the opening of 12 new hotels and introducing two new brands, including Radisson Individuals and Radisson RED.

Radisson Hotel Group

February 28, 2022

Marasca Hotels & Resorts by Narai Hospitality Group debuts in Thailand

Narai Hospitality Group is expanding its portfolio into luxury hospitality with the launch of Marasca Hotels & Resorts—a collection of intimate, casual luxury escapes in unique locations that promise ‘cherry-on-top’ moments and experiential stays. Marasca will mark its entrance into Thailand’s hospitality space with the first property, Marasca Khao Yai, opening in 2022, which will be followed by Marasca Koh Samui in 2023.

Narai Hospitality Group

February 23, 2022

Meliá Hotels International Expands in Vietnam With Vinpearl Partnership

Burgeoning hotel group, Meliá Hotels International, is set to become one of the largest international hotel brands in Vietnam through a new collaboration with the country's largest domestic hotel owner, Vinpearl.

February 11, 2022

China’s Hotel Construction Pipeline Closes 2021 at New Record High

As seen in the Q4 2021 China Construction Pipeline Trend Report from Lodging Econometrics (LE), China's total hotel construction pipeline at the end of the fourth quarter stands at 3,693 projects/700,567 rooms, up 9% by projects and rooms year-over-year (YOY).Despite the country’s COVID-19 travel restrictions for international visitors, hotel construction and development in China continued to thrive throughout 2021. At year-end, both projects and rooms in the construction pipeline are at new all-time highs, marking the highest totals the country has ever seen.

Lodging Econometrics

January 25, 2022

amã Stays & Trails Signs 13 New Bungalows Across India

Indian Hotels Company (IHCL) today announced the signing of 13 new amã Stays & Trails bungalows. With this, the brand is stepping into four new destinations – Chandigarh, Gurgaon, Kanha and Kochi. It is also adding another bungalow in Lonavala.

January 6, 2022

Best Western® Signs Two Spectacular New Projects in Ho Tram, Vietnam’s Beachfront Paradise

Best Western® Hotels & Resorts breaks new ground in Vietnam with the signing of an exciting two new projects in Ho Tram, the vibrant beachfront resort area just 110km from Ho Chi Minh City, which is set to redefine the region’s tourism and hospitality industry.

Ho Tram, Vietnam

January 6, 2022

IHG seals four-hotel destination resorts portfolio deal with strategic partner Sun Group

IHG Hotels & Resorts, one of the world’s leading hospitality companies, is proud to announce a four-hotel, 2,709-room portfolio deal in Vietnam with long-standing partner Sun Hospitality Group (a member of Sun Group), the renowned tourism-focused real estate developer.

December 21, 2021

Hilton Achieves Landmark 400th Opening in China, Underscoring a Year of Achievements

Leading international hospitality management company, Hilton (NYSE: HLT), today celebrated a new milestone in China with the opening of its 400th hotel in the country — Hilton Lanzhou City Center. The opening marks the first hotel under Hilton Hotels & Resorts in Gansu Province, and signals a positive growth momentum for the company amidst a challenging year to continue the rapid expansion of its extensive presence in the market.