Minor International Signs Three More Avani Hotels in Vietnam
Minor International has strengthened its relationship with the Vietnam-based Novaland Group, with the signing of three new Avani hotels in Ho Chi Minh (Saigon), Vung Tau, and Cam Ranh.
Press Releases
Holiday Inn Express Expands India Presence With Multiple Hotel Openings Across Cities
InterContinental Hotels Group (IHG®), one of the world's leading hotel companies, today announced the opening of seven more Holiday Inn Express hotels from the IHG-SAMHI partnership. The hotels are spread across some of the key cities in India, including, Pune, Hyderabad, Nashik, Ahmedabad and Bengaluru.
The Indian Hotels Company Limited (IHCL) Expands Presence In Goa With The Signing Of Two Hotels
The Indian Hotels Company Limited (IHCL), South Asia's largest hospitality company signed a management contract for two hotels in Goa adding 506 rooms to its pipeline. The Company will take over the management of the legendary 207 key Cidade de Goa which will form a part of the SeleQtions portfolio - a named collection of hotels and resorts with a distinct character. An additional 299 rooms which are under construction, will be added to the same complex under the Taj brand scheduled to open by the end of this year.
RedDoorz Continues to Expand to 10 Cities in East Java This Year
Surabaya, Indonesia - RedDoorz, Indonesia's leading affordable online hotel booking platform, offering the finest, standardised rooms, today announced its successful expansion growth in East Java, with plans to expand to 10 cities in the province by end of this year - starting with Pasuruan and Jember. Since October last year, RedDoorz has expanded its footprint to two new cities in East Java - Banyuwangi and Probolinggo. The brand began its operations in the region in November 2016, starting with Surabaya - currently its fourth best-performing city after Bandung, Jakarta, and Yogyakarta; with the number of rooms increased by four times until now, bringing the total count to 30 fully-managed properties. It has seen its number of room nights multiply by more than six times on a year-on-year growth.
Over 150 french investors attend Louvre Hotels Group annual convention held for the first time in Shanghai
Major actor on the hospitality industry, Louvre Hotels Group welcomed nearly 150 French investors to its annual convention, held for the first time in Shanghai last December. This informative and entertaining event provided a unique opportunity for these businessmen to learn more about the Group's next generation concepts, growth potential and ambitions, as well as Chinese culture.
Hard Rock International Unveils Full-Scale Model of its World-Class Entertainment Resort Concept to Japan
Jim Allen, chairman and CEO of Hard Rock International, revealed a full-scale model of Hard Rock Japan's World-Class Entertainment Resort concept during Hokkaido's Integrated Resort Showcase on January 09. Key elements of the design include monorail access from Chitose International Airport, Hard Rock's signature guitar-shaped hotel, a Four Seasons Resort, a Hard Rock Live venue, multipurpose Broadway-style theaters, a state-of-the-art wellness center and more than 215,000 square feet of world-class retail and dining space. The new design also features an authentic Ainu village experience, designed to help raise awareness for the local indigenous Ainu people and educate those who visit the proposed Japan Hard Rock Resort destination in the city of Tomakomai.
China’s Hotel Construction Pipeline Remains Strong Despite A Slowing Economy
In the recent report by Lodging Econometrics (LE), in the third quarter of 2018, China's total construction pipeline stands at 2,642 projects/569,690 rooms and is up 9% by projects and 6% by rooms year-over-year (YOY). Rooms in the construction pipeline are at an all-time high, and the pipeline is a mere 16 projects shy of the cyclical high of 2,658 projects set in the fourth quarter of 2014.
Best Western® Hotels & Resorts Accelerates Asia Expansion With New Hotels and Innovative Brands
Best Western Hotels & Resorts announced another successful year in Asia as it introduced innovative new brands and award-winning hospitality to even more guests across the fast-growing region in 2018.
Radisson Hotel Group and Panorama Group Announce End Of Joint Venture Partnership In Indonesia
Radisson Hotel Group™ (formerly Carlson Rezidor Hotel Group, a subsidiary of Carlson Group) and Panorama Group have confirmed plans to conclude their Indonesian joint venture partnership, PT Carlson Panorama Hospitality, and pursue independent growth.
Asia Pacific’s Construction Pipeline, Excluding China, Continues in a Topping Out Formation
According to a recent report from analysts at Lodging Econometrics (LE), Asia Pacific's total construction pipeline, excluding China, remains near its high with 1,738 projects/367,886 rooms. Projects currently under construction stand at 943 projects/211,361 rooms and projects scheduled to start construction in the next 12 months are at 389 projects/77,390 rooms. These two stages reached their peaks over the last four quarters. There are 406 projects/79,135 rooms in the early planning stage which peaked much earlier in 2015.The pipeline is expected to decline in 2019 as the present development cycle cools. Construction starts have been declining for six quarters while new projects announcements into the pipeline have been declining for five quarters. These two metrics are the most significant for forecasting the future direction of the pipeline. The Asia Pacific region had 274 new hotels/48,822 rooms open at the close of the third quarter, with another 71 new hotels/11,764 rooms expected to open in the 4th quarter, bringing the total forecast for new hotel openings to 345 by the end of 2018. The LE forecast anticipates that 388 projects/70,037 rooms are expected to open in 2019, and 406 projects/79,072 rooms in 2020, the highest levels since LE first began recording in 2007. Countries with the largest pipelines in Asia Pacific, excluding China, are dominated by Indonesia, with 400 projects/67,977 rooms which accounts for 23% of Asia Pacific's total pipeline. Next is India with 222 projects/33,785 rooms, then Japan with 203 projects/41,816 rooms. These countries are followed by Thailand with 143 projects/33,855 rooms and Malaysia with 132 projects/34,853 rooms. Asia Pacific cities with the largest construction pipelines are led by Jakarta, Indonesia with 99 projects/18,820 rooms. Next is Seoul, South Korea with 74 projects/13,730 rooms and Tokyo, Japan with 62 projects/15,572 rooms. Bangkok, Thailand follows with 50 projects/11,662 rooms and then Kuala Lumpur, Malaysia with 49 projects/12,929 rooms.The top four franchise companies, accounting for 40% of guest rooms in the total construction pipeline, are AccorHotels with 248 projects/53,196 rooms, Marriott International with 198 projects/45,870 rooms, and InterContinental Hotels Group (IHG), which set a new record high for the company, with 148 projects/33,177 rooms. Hilton Worldwide follows with 85 projects/18,978 rooms. Top brands in Asia Pacific's construction pipeline, excluding China, include AccorHotels' Ibis brands with 62 projects/12,440 rooms and Novotel with 48 projects/10,807 rooms. Marriott International's Courtyard has 33 projects/6,697 rooms, and the full-service Marriott Hotel has 24 projects/6,533 rooms. IHG's Holiday Inn has 57 projects/13,715 rooms and Holiday Inn Express has 34 projects/6,838 rooms, while Hilton Worldwide's DoubleTree has 30 projects/6,368 rooms and the full-service Hilton Hotel & Resort brand has 27 projects/6,919 rooms. Both the full-service Marriott Hotel and the full-service Hilton Hotel and Resort brand are at record highs for their respective companies.
Red Planet to Invest up to 22 Billion Yen Into New Hotels Through Japan Joint Venture With GreenOak
Red Planet Japan Inc. (3350:JP) today announced the formation of a joint venture with funds managed by GreenOak Investment Management K.K., the Japanese arm of GreenOak Real Estate, that will develop Red Planet branded hotels in select city centres throughout Japan.
Fujita Kanko to Launch New Hotel Brand Targeting Millennials
Fujita Kanko Inc., a leading Japanese hospitality company headquartered in Tokyo, announced the launch of "Tavinos," a new hotel brand aimed at adventure-seeking millennials and like-minded travelers from around the world.
Sansiri strengthens its global vision by driving The Standard’s aggressive international expansion and the launch of One Night app in Asia
As part of its recent expansion into the global hospitality, technology and lifestyle industries through an investment worth US$80 million in six global brands, Sansiri has announced the arrival in the Thai market of The Standard Hotels and Residences as part of its wider global expansion and Asia's first launch of the One Night spontaneous hotel booking app in Bangkok. The brands' move to Asia followed a rapid growth fueled by significant investments from Sansiri last year. Standard International has doubled its secured footprint globally from 5 to 10 hotels within 1 year and plans to double again to 20 within 5 years, while One Night will now expand its reach to the thriving Asian market, starting with Bangkok. Apichart Chutrakul, Chief Executive Officer, Sansiri Public Company Limited, said: "In November 2017, we announced our investments in several global brands that are leaders in the hospitality, technology and lifestyle businesses as part of Sansiri's move to expand our collaborative, multi-disciplinary portfolio beyond real estate development. I'm delighted to share that only one year on, the investment has helped to fuel impressive growth that will see two of the brands - The Standard and One Night - expand into the lucrative Asian markets, with Thailand as their first port of call."The Standard, considered the most powerful brand in the boutique hotel business, doubled its secured global footprint following Sansiri's acquisition of a 35% stake in the parent company for US$58 million. Known for its people and its progressive approach to cultural programming, partnerships and events, The Standard will expand its distinctive voice to new markets, connecting its community focused and social voice globally. Ten properties are slated to open across the world including two in Thailand over the next few years, as part of its five-year plan to develop 20 hotels globally in thriving urban and intriguing resort locations. The plan includes and targets new hotels in London (opening Q1 2019), Paris, Milan, Berlin, Lisbon, Prague, Madrid, Chicago, Las Vegas, New Orleans, Atlanta, Dubai, Singapore, China, Hong Kong, Taiwan, Bangkok, Phuket, Hua Hin, Jakarta and Bali. The Standard has secured or are now in advanced discussions in all of the markets mentioned.Amar Lalvani, Chief Executive Officer, Standard International, said: "The arrival of The Standard brand in new locations across the world, including Thailand, will bring our unique approach to hospitality to many more people to enjoy. We create spaces that are culturally relevant to each market brought to life through our thoughtfully designed spaces and experiences for guests and locals alike. The Standard hotels anchor neighborhoods and become hubs for creative energy and collaboration. For example, The Standard, High Line, our flagship hotel in New York, was a pioneer in redefining the city's Meatpacking District, turning it into one of the most sought after neighborhoods in the city, and attracting new entrants to the district including the Whitney Museum, Tesla and Samsung. Property values since our entry in the immediate vicinity of The Standard have increased at close to double the rate compared to areas just a few blocks away from our hotel. We believe the same will be true when The Standard opens its first location outside the US, in London's King's Cross and upcoming new locations worldwide." "Our first hotel in Thailand will be in Phuket where we will also introduce the first Standard Residences product in partnership with Sansiri. Thailand is a particularly attractive market for us with the country's many attractions and growth in visitors as well as the fit with The Standard brand giving its thriving culinary, fashion and arts scene. We have chosen to open our regional office in Bangkok to oversee all of our operations in Asia and the Middle East."With its existing portfolio of six properties and a combined 1,200 rooms (including the soon to open London property), The Standard generates annual property level revenue of approximately US$200 million, with an average occupancy rate of 85%, and 121% revenue per available room (RevPar) relative to its comparable set of hotels. Standard also has a very high percentage of direct bookings and repeat guests which are further indicators of the brand's strength relative to its competitors.Jimmy Suh, President and Co-founder of One Night, said, "We are excited to announce the launch of Bangkok, marking One Night's expansion into Asia. As a 24x7 city that works hard and plays hard, Bangkok represents the ideal market for One Night - a last-minute hotel booking app offering a highly curated collection of the most sought-after independent hotels at the lowest rates.""One Night celebrates spontaneous living and experiential travel catering to today's on-demand service economy. Moreover, hotels are becoming increasingly popular by locals who wish to escape their daily routine with a "staycation" in their own cities"One Night will launch in Bangkok with 16 of the best independent hotels: Akyra TAS Sukhumvit, Akyra Thonglor, Ba Hao, The Cabochon Hotel, The Okura Prestige, Riva Arun, Riva Surya, Shanghai Mansion, The Siam Hotel, Siam@Siam Design Hotel, The Sukhothai, The Sukosol, 137 Pillars Suites & Residences, Amdaeng Hotel, Josh Hotel, and Oneday Hostel. To celebrate the launch of One Night in Bangkok, members of Sansiri Family and Siri Priority enjoy 1,000 THB and 1,500 THB discount off hotel booking at One Night in Bangkok respectively, valid today until 30 November 2018. In addition to Bangkok, One Night is operating in 15 major cities in the United States and London with over 170 independent hotels. One Night is projected to be in 30 cities by year-end 2019, including more cities in Asia and Europe."The strategic partnerships with such strong and exciting brands will strengthen Sansiri's core real estate business. Consumers will also benefit from having access to services provided by truly world-class leaders. The arrival of both The Standard and One Night in the Thai market marks another important step to be followed by several more in the future," concluded Chutrakul.
Alibaba Group has unveiled its first “future hotel” in Zhejiang
Alibaba Group, China's e-commerce giant, has unveiled its first "future hotel", also known as "Flyzoo Hotel", in Hangzhou city, Zhejiang province.
ISHC Rising Star Award goes to Kieran Bestall of Hilton at HICAP
The International Society of Hospitality Consultants (ISHC), in partnership with the Hotel Investment Conference Asia Pacific (HICAP), presented Kieran Bestall with the Rising Star Award Asia. Bestall was presented the award during plenary session at HICAP on 19 October 2018 at the Kerry Hotel Hong Kong.
IHG Relaunches Regent® Hotels & Resorts Brand And Signs First Property Since Acquisition
IHG® (InterContinental Hotels Group) has today announced a signing for its Regent® Hotels & Resorts brand in Kuala Lumpur, Malaysia, alongside its relaunch of the brand that set the standard for luxury hotels.
Ascott Scales Up Lodging Business With US$26-million Investment In Indonesia’s Leading Hotel Operator Tauzia
CapitaLand's wholly owned serviced residence business unit, The Ascott Limited (Ascott), is advancing in the fast-growing middle-class business hotel segment by investing about US$26 million for a 70% stake in TAUZIA Hotel Management (TAUZIA). This is Ascott's first major move into the lodging segment beyond its core serviced residence business and existing business in apartments for corporate lease.
Flight Centre’s Hotel Management Business BHMA Expands to Vietnam
Flight Centre Travel Group's hotels and accommodation business BHMA has announced the launch of a new hotel in Vietnam - X2 Vibe Viet Tri Hotel. This property continues the group's strong expansion of managed hotels throughout Southeast Asia.
Ascott Gains Access To 1,600-unit Pipeline In The Philippines Through Strategic Alliance With Cebu Landmasters
CapitaLand's wholly owned serviced residence business unit, The Ascott Limited (Ascott), has boosted its leading position in the Philippines by entering a strategic alliance with one of the country's top real estate developers, Cebu Landmasters Inc. (CLI), to manage 1,600 units by 2022. Under the alliance, both parties will seek properties for CLI to develop into serviced residences to be managed by Ascott.
Indochina on Oakwood’s Horizon
Oakwood Worldwide, wholly owned by Mapletree Investments ("Mapletree"), today announced its plans to expand into Indochina as part of its regional growth strategy. Oakwood has three properties set to open in Cambodia and Vietnam in the coming year.
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