Development

Philippine Tourism and Hotel Sector See Strong Growth with Integration of Branded Residences

MANILA, PHILIPPINES - As the Philippines continues to rise as a key destination in Southeast Asia, the country’s tourism and hospitality sectors are experiencing remarkable growth, heard a special forum organized by C9 Hotelsworks and Delivering Asia in Manila attended by over 100 industry leaders. With its vibrant culture, pristine beaches, world-class resorts, and bustling urban centers, the Philippines has become an increasingly attractive destination for both leisure and business travelers.This burgeoning tourism scene is further enhanced by the rise of branded residences, combining luxury living with the unmatched hospitality services of top-tier global brands, said speakers at the event which included Nobu Hospitality Regional Director, Asia Pacific, Lee Lin and Cyndy Tan Jarabata, President and CEO of Tajara Leisure and Hospitality Group.Tourism in the Philippines is drawing visitors not only from neighboring regions but from around the globe given its accessibility, diverse range of activities, and strong infrastructure, the destination is well-positioned to become a global hub for travelers seeking both adventure and relaxation.Download report here: https://c9hotelworks.com/wp-content/uploads/2024/12/Asia-Branded-Residences-Market-Review-December-2024-1.pdf.Cities like Manila are increasingly becoming “playground cities,” following in the footsteps of other cosmopolitan hubs such as Bangkok, Miami, and Dubai. These cities have successfully combined luxury real estate with the region’s vibrant entertainment, sports, gaming, and lifestyle offerings.

Marriott International and Delonix Group Announce Eight Total Signings as Part of Long-Term Agreement

Marriott International, Inc. and Delonix Group announced eight total signed agreements, including three announced in May 2024 and five recent newly signed hotels, as part of the two companies’ cooperation that launched in January 2024. With these additional five agreements, Marriott continues to steadily expand the Tribute Portfolio brand presence in Mainland China.

Radisson Hotel Group seals dual signing of Radisson & Radisson Blu resorts in Phuket

Radisson Hotel Group announces an important new dual signing in Phuket that will introduce Radisson and Radisson Blu branded resorts to Layan Beach, a beautiful stretch of sand on this idyllic island’s sunset coast. The launch of Radisson Resort Layan Phuket and Radisson Blu Resort, Layan Phuket will introduce a total of 812 rooms & suites and fantastic facilities to this tropical paradise under two distinct brands, reaffirming the Group’s commitment to the future of Thailand’s hospitality industry.

Wyndham Inks Exclusive Development Agreement to Bring Award-Winning Microtel by Wyndham Brand to India

Wyndham Hotels & Resorts has signed an exclusive development agreement with NILE Hospitality LLP to introduce its Microtel by Wyndham brand to India, marking the eighth Wyndham brand to debut in the country. This strategic alliance enables Wyndham to leverage a leading regional third-party developer and operator to bring its award-winning brand to India.

Growing Appetite for Branded Real Estate in Thailand Eclipses USD 5.7 Billion in Market Value

Thailand’s real estate developers are expanding beyond familiar hotel brands into the realms of iconic automotive, fashion, and wellness labels, as they seek identities that resonate with luxury property buyers. Listed property group Ananda made global headlines with their ultra-luxury offering, Porsche Design Tower Bangkok, with eye-catching prices reaching USD 33,000 per square meter (THB 1 million psm). The absolute unit pricing of this offering ranges from USD 15 to USD 40 million (THB 49 million to THB 1.3 billion), marking a new high in the market.

Accor Signs Three Hotels with Over 1,300 Keys in Singapore

Accor, a global leader in hospitality, continues its strong growth trajectory in Singapore with the signing of two new-build properties with three hotel brands set to open by 2027 with its long-standing partners, Fragrance Group Limited and Global Premium Hotels Limited, both owned by Koh Wee Meng. This landmark agreement will introduce Mövenpick Singapore, the largest Mövenpick hotel in Asia Pacific, the first Mövenpick Living in Singapore, and a Handwritten Collection branded hotel situated alongside the city-state’s famed and culturally rich Waterloo Street.