Press Releases

August 2, 2022

Radisson Hotel Group showcases Vietnam to travelers with expanding nationwide portfolio

Rapidly growing collection helps travelers discover many established and emerging destinations across the country, from the rolling hills of the north to the idyllic islands of the south.

Radisson Hotel Group

July 12, 2022

Accor and Sunmei Set to Open More Than 400 New Mövenpick Hotels Across China

Accor, a world leader in hospitality, today announced a new master franchise agreement with Sunmei Digital Intelligence Group to debut and develop Mövenpick by Accor brand across China. Together, Sunmei and Accor plan to open more than 400 Mövenpick by Accor smart technology hotels across China, representing more than 60,000 guestrooms. Sunmei Digital Intelligence Group will be Accor’s exclusive strategic partner for Mövenpick by Accor branded hotels in China, leading the brand’s aggressive expansion efforts. The first Mövenpick by Accor hotel under this new agreement will open its doors in the beautiful coastal city of Qingdao, in eastern Shandong Province, in 2023 – coinciding with the 75th anniversary of the Mövenpick brand.

July 4, 2022

Accor completes deal with Salter Brothers to add nine Mercure hotels to its growing portfolio

The momentum behind Accor’s popular Mercure brand in Australia continues with the Group adding nine Mercure hotels to its collection, following Accor’s landmark hotel management portfolio agreement with Salter Brothers with an industry-leading link to ESG outcomes.

Australia

June 30, 2022

Radisson Hotel Group commits to its owners and guests in Thailand with plans of 100 new signings by 2025

Radisson Hotel Group is gearing up for the recovery of travel and hospitality in Thailand with plans to exponentially expand its portfolio by adding 100 hotels and resorts in the country by 2025. The new growth plans for Thailand represent part of the Group’s wider expansion strategy which targets the growth of its current portfolio of 400 properties to over 2,000 hotels and resorts in operation and development by 2025. At present, Radisson Hotel Group has a collection of 6 properties in Thailand, with 4 hotels currently operating in Bangkok and two more in the pipeline in Phuket and Pattaya.

Radisson Hotel Group

Thailand

June 27, 2022

Banyan Tree Group Debuts in Japan with Five Upcoming Properties

Banyan Tree Group today announces its expansion into Japan, a frontier location for the global, multi-branded hospitality group. This introduction of four brands marks the Group’s first-ever entry into Japan since its inception in 1994, and further reinforces its stronghold in Asia.

Banyan Group

Japan

June 27, 2022

Marriott International Signs Landmark Agreement With Vinpearl to Add Eight Hotels in Vietnam

Marriott International, Inc. today announced a strategic agreement with Vinpearl, Vietnam’s largest hospitality and leisure chain, to convert and develop 2,200 rooms across eight hotels in Vietnam - significantly expanding its portfolio of world-class hotels and resorts in the country. This collaboration expects to see the debut of the Autograph Collection Hotels brand in the country, while other planned openings span the following brands: Marriott Hotels, Sheraton Hotels & Resorts, and Four Points by Sheraton.

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Hospitality Financial and Technology Professionals (HFTP)

June 22, 2022

IHG Hotels & Resorts and Sun Hospitality Group take decade-long relationship to new heights

IHG Hotels & Resorts (IHG), one of the world’s leading hotel companies, has announced a strategic alliance framework agreement with long-term partners Sun Hospitality Group (SHG) to introduce fresh and innovative concepts, experiences and products in Vietnam.

IHG

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.

Australia

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.

JLL

Hong Kong, China

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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

Australia

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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.

TFE Hotels

Singapore

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.

La Vie Hotels and Resorts

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.

Sri Lanka

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.

Japan

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.