Radisson Hotel Group continues to introduce world-class hospitality to Vietnam's most exciting emerging destinations, with the signing of three new hotels on the country's captivating coastline.
Analysts at Lodging Econometrics (LE) report that at the end of the third quarter of 2019, China's total construction pipeline has grown to 3,380 projects/628,972 rooms. Currently, the country has 2,548 projects with 438,797 rooms under construction with projects scheduled to start construction in the next 12 months at 404 projects with 85,026 rooms. Projects in the early planning stage have 428 projects/105,149 rooms.
Marriott International, Inc. (NASDAQ: MAR) today announced it has signed agreements with Asset World Corporation (AWC), Thailand's leading integrated lifestyle real-estate group, to introduce three of its global hospitality brands to Thailand. The agreement would fuel the company's expansion in Thailand with the addition of three hotels comprised of nearly 1,550 rooms expected to open between late 2020 and 2024. Under the agreements, AWC is expected to open a 248-room Courtyard by Marriott in late 2020 in Phuket, as well as a 900-room Marriott Marquis hotel and a 398-room JW Marriott hotel both in Pattaya.
Swiss-Belhotel International, the global hospitality management chain, has revealed plans to expand its portfolio in Vietnam with a series of new hotels, resorts and residences in exciting destinations all across the country. The Hong Kong-based hospitality company, which recently celebrated its 32nd anniversary, currently has a collection of 145 hotels and resorts either operating or in the pipeline in 22 countries on four continents. These include three properties in Vietnam.
Swiss-Belhotel International has revealed plans to make its debut in Thailand, as the company's impressive expansion plans continue to gather pace. The Hong Kong-based hospitality company, which recently celebrated its 32nd anniversary, currently has a collection of 145 hotels and resorts in 22 countries, either operating or in the pipeline. This includes properties in five of the ten ASEAN member states: Cambodia, Indonesia, Malaysia, the Philippines and Vietnam.
InterContinental Hotels Group® (IHG), one of world's leading hotel companies has signed a management agreement with Thanishq Grande Hotels & Resorts Private Limited for Holiday Inn Express Bengaluru Bommasandra. The new-built hotel will feature 170 keys and is expected to be operational by Q4 2022. IHG currently operates three Holiday Inn Express hotels in Bengaluru, and the recent signing will further strengthen the brand's presence in the city. The Holiday Inn Express brand has recently gained significant momentum in the country with the opening of 10 hotels, across key cities, positioning IHG as one of the leading hospitality players in the midscale segment in India. Holiday Inn Express Bengaluru Bommasandra will be located along the main Hosur Road, with close proximity to Narayana Institute of Cardiac Sciences, Electronic City, one of India's largest Electronic and IT Industrial parks and near Bommasandra Industrial Area, making it an ideal choice for corporate guests visiting Bengaluru. The hotel will be situated at a convenient distance from Bengaluru International Airport and the city center. Along with efficiently designed rooms, the hotel will feature the brand's signature 'Great Room', a dynamic space to socialize as well as relax and unwind. Additionally, the hotel will feature two meeting rooms, a business center, a gym and other world class amenities which will reflect the brand's promise of offering an efficient and comfortable stay.
Choice Hotels International, Inc. (NYSE: CHH) has signed a 10-year extension of its existing master franchising agreement with Choice Hotels Japan and expects to open more than 30 new Comfort hotels in the market by 2033. Choice Hotels Japan has been the exclusive franchisor of the Comfort brand in the country since 2003 and has a current portfolio of more than 60 hotels in key markets, including Tokyo, Yokohama, Osaka and Sapporo.
After inking a deal with Global Premium Hotels, Accor will be unveiling 13 new ibis budget hotels in Singapore.
The Indian Hotels Company Limited (IHCL), South Asia's largest hospitality company today announced the addition of 8 Bungalows to its Ama Stays & Trails portfolio. The company signed 6 bungalows across multiple locations including new leisure destinations. It also opened two charming villas in Candolim, Goa.
Onyx Hospitality has signed a management agreement with Ratanakorn Asset, a Thai real estate company, for three new hotels in Pattaya.
Radisson Hotel Group has signed the biggest hotel management deal in 2019 in Australasia, as it prepares to enter New Zealand with four new-build properties comprising 777 keys and covering three industry-leading brands: Radisson Blu, Radisson RED and Park Inn by Radisson.
Marriott International, Inc. (NASDAQ: MAR) today announced that it expects to more than triple its portfolio in the Philippines in the next five years and debut five new brands including The Ritz-Carlton, Element and Westin, underscoring strong demand from hotel owners for the company's leading brands and business platforms. With four hotels currently open in the Philippines, Marriott International expects to open 14 more properties by the end of 2024, which would add more than 3,700 new rooms for travelers to the market. Currently operating in three destinations, Marriott International during the same period expects to debut in five new destinations - Caticlan, Cebu, Davao, Mactan and Palawan - as hotel owners and developers build new hotels and convert existing ones to its leading brands.
YTL Hotels and Marriott International have signed a Master Development Agreement to bring the AC Hotels by Marriott brand to Malaysia for the first time. The AC Hotels by Marriott brand will be exclusive to YTL Hotels for the whole of Malaysia. The signing of this agreement is one of many key milestones in the partnership between YTL Hotels and Marriott International as it continues to grow from strength to strength. AC Hotels by Marriott embraces European design and style across its international portfolio of distinctive properties in Europe and North and Latin America.
Centara Hotels & Resorts, Thailand's leading hospitality group, has signed hotel management agreements for three new hotels in Phuket's Mai Khao Beach area owned by Maikhao Dream Company Limited. Two properties are already in operation and fall under Centara management from 11th September, while the third property is in development. The new agreements expand Centara's presence across the island to a total of nine hotels and resorts, with eight in operation.
Analysts at Lodging Econometrics (LE) report that at the end of the first half of 2019, China's total construction pipeline swelled to 2,991 projects/592,884 rooms, up 19% by projects and 7% by rooms year-over-year (YOY), both at all-time highs, amidst an economic slowdown.
Singapore, - CapitaLand's wholly owned lodging business unit, The Ascott Limited (Ascott), is cementing its position as the largest serviced residence operator in Singapore with a record number of openings this year as well as the signing of its first Citadines Connect business hotel in Singapore. Citadines Connect City Centre Singapore, secured under a franchise agreement, will increase Ascott's total portfolio in Singapore to 17 properties across over 3,100 units.
Hilton, one of the fastest-growing hospitality companies in Asia Pacific, remains upbeat about Myanmar as a growth market within its South East Asia operations on the back of the country's positive tourism outlook.
Hong Kong - Swiss-Belhotel International, the global hospitality management chain, is celebrating reaching 10,000 rooms in Indonesia, the largest country in Southeast Asia and a key focus market for the company. This major milestone was achieved following the launch of a series of new Indonesian hotels in recent weeks. The 104-room Swiss-Belinn Gajah Mada Medan in North Sumatra and 150-room Swiss-Belhotel Bogor in West Java both started welcoming guests in May 2019, and the 107-room Swiss-Belhotel Serpong opened in southwest Jakarta on 1st June. This trio of new openings helped to boost Swiss-Belhotel International's Indonesian collection to 72 hotels and resorts comprising 10,873 rooms and suites. "Reaching 10,000 rooms in Indonesia is a huge achievement for our company, and I would like to thank our entire team and our esteemed local partners for making it possible. Indonesia is one of the world's most exciting markets, with rising affluence and accessibility helping to drive tourism all over the archipelago. We look forward to unveiling even more exceptional Indonesian hotels in future, as we continue to expand our presence nationwide," said Gavin M. Faull, Chairman and President, Swiss-Belhotel International. Since arriving in Indonesia over 25 years ago, Swiss-Belhotel International has built an impressive portfolio of hotels and resorts across the country, from vibrant first tier cities to emerging second and third tier destinations. The company's diverse collection now encompasses 11 Indonesian islands, stretching from Sumatra in the west to Papua in the east.
Leading Japanese hotelier Fujita Kanko Inc. has accelerated its expansion in Japanby adding three distinctive properties this summer.
Swiss-Belhotel International, the global hospitality management chain, has revealed plans for a major expansion of its hotel collection in Vietnam, one of the world’s most exciting and rapidly-emerging tourism markets. At present, the group operates one hotel in Vietnam, Swiss-Belresort Tuyen Lam, an enchanting upscale retreat in the country’s Central Highlands, not far from Da Lat. Blending graceful local hospitality with European style, this 151-room resort is popular with leisure travellers, golfers and meeting planners alike.