Shining bright: IHG celebrates diamond anniversary in Japan – and reveals growth plans
IHG Hotels & Resorts (IHG) today proudly celebrates the 60th diamond anniversary of its entry into Japan – and reveals its commitment to further growth.
Press Releases
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.
Dusit International partners with Paljor Global Corp for South Asian expansion
Dusit International, one of Thailand’s leading hotel and property development companies, has signed a strategic partnership agreement with Paljor Global Corp Private Limited, a leading Nepalese investment firm and luxury carpet manufacturer, to seek opportunities to introduce Dusit’s diverse offerings in Nepal and throughout South Asia.
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.
Hilton’s Newest Additions Propels Thailand to its Largest Market in South East Asia
Leading global hospitality company Hilton (NYSE: HLT) has announced the openings of Hilton Garden Inn Rayong and Hilton Garden Inn Bangkok Riverside, solidifying Hilton’s commitment to expand its focused service portfolio in Thailand. The new additions cater to the rising middle class demand for upscale and affordable accommodations driven by Thailand’s thriving international and domestic tourism in its capital city, as well as beach destinations.
IHCL Strengthens Its Presence in Chennai, Signs Two Hotels in the City
Indian Hotels Company (IHCL), India’s largest hospitality company, today announced the signing of a Vivanta and a Ginger hotel in Mahindra World City (MWC), Chennai. These greenfield projects will be developed on a 3-acre land parcel near the Kolavai Lake, in the heart of the integrated business city.
Marriott International and PT. Pakuwon Jati Tbk. Sign Agreement to Open Five More Properties in Indonesia
Marriott International, Inc. and PT. Pakuwon Jati Tbk. announced a signed agreement to develop five additional properties, comprising more than 1,300 rooms across Indonesia. This announcement further elevates the two companies’ joint efforts to expand their footprint in the country.
Marriott International Celebrates Its 50th Property in Malaysia, with the Debut of the Penang Marriott Complex
Marriott International, Inc. announced the opening of Penang Marriott Complex, marking the company’s 50th property in Malaysia. A premier development that represents a significant milestone for the company in Malaysia, the complex comprises three properties – Penang Marriott Hotel, Marriott Executive Apartments, Penang and Marriott Residences Penang.
IHCL Expands Its Brand Portfolio, Launches Gateway with the Opening of Gateway Bekal in Kerala
Indian Hotels Company Limited (IHCL), India’s largest hospitality company, today announces an addition to its brandscape with the launch of Gateway, a full-service upscale hotel offering.
JLL crosses JPY1 Trillion in Japan hotel investment advisory since 2000
JLL’s (NYSE:JLL) Hotels & Hospitality Group today announced that it has advised over JPY1 trillion ($6.8 billion) in hotel transactions in Japan since 2000, reinforcing the perennial demand for hospitality assets in the country and the advantage of on-the-ground advisory expertise.
IHG Hotels & Resorts seals two-hotel deal in Quang Binh, Vietnam
IHG Hotels & Resorts (IHG), one of the world’s leading hotel companies, today announces a two-hotel deal with Hai Thanh Hung Investment Joint Stock Company and Vietnam Royal Investment and Construction Co., Ltd (VRIC) in Quang Binh province.
Hilton Reaches 700 Hotels in Greater China Solidifying Fastest Growing Position
Leading global hospitality company Hilton (NYSE: HLT) today announced the grand opening of Conrad Chongqing, establishing its 700th hotel in Greater China. This significant milestone underscores Hilton’s continued growth in the region and marks the luxury brand’s debut in the mountain city, further expanding Hilton’s presence in West China.
KSL Capital to Invest $21M in W Maldives, Restart Sheraton Maldives Renovation
KSL Capital Partners, LLC ("KSL"), a leading investor in travel and leisure businesses, today announced its affiliates will invest $21 million in the W Maldives to fully renovate the resort and plan to recommence capital spending at the Sheraton Maldives Full Moon Resort & Spa ("Sheraton Maldives") to continue investing in one of the most expansive luxury properties in the Maldives.
Record-Breaking Hotel Construction Pipeline in China: Q2 2024 Highlights and Future Forecasts
As seen in Lodging Econometrics’ (LE’s) Q2 2024 Hotel Construction Pipeline Trend Report for China, the country’s hotel construction pipeline has reached unprecedented heights at the close of the second quarter. The pipeline stands at a record-high 3,815 projects with 699,786 rooms, marking a 4% increase in projects and 3% in rooms year-over-year (YOY).According to the Q2 report, projects under construction have hit a new all-time high of 2,743 projects with 498,551 rooms, accounting for 72% of the projects in China’s total pipeline and growing 3% by projects and 4% by rooms YOY. Projects scheduled to start construction in the next 12 months stand at 390 projects/70,520 rooms at Q2, up 9% by projects and 10% by rooms YOY. Projects in early planning grew 4% YOY at Q2 to close the quarter at 682 projects/130,715 rooms.
Radisson Hotel Group adds three hotels to bolster portfolio in the Philippines
Radisson Hotel Group is delighted to announce the addition of three new hotels in the Philippines, adding more than 450 keys to its portfolio in three first and second-tier destinations – Cauayan City, Olongapo and Dasmarinas – to reaffirm its status as one of the country’s leading international hotel groups.
Standard International Unveils New Hospitality Brand, “The Standardx”
As times evolve and people change, so do hotels, and no brand captures this transformation quite like The Standard, a pioneer of lifestyle hotels. With a rich history of igniting cultural shifts while delivering unforgettable hospitality in marquee locations such as New York, Miami, London, and Bangkok, as well as chic outposts in Hua Hin, Ibiza, and the Maldives, The Standard is no stranger to reinvention. And just as every elegant it-girl has her wild side, so does The Standard.
Meliá Hotels International Adds Two New Hotels in Thailand
Spanish Hotel Group Meliá Hotels International is building its presence in Southeast Asia with two new Thailand hotels, including the launch of the first Paradisus by Meliá-branded property in the region. The new hotels will come online as Meliá properties through an expanded partnership with Thailand’s leading integrated lifestyle real estate group, Asset World Corporation (AWC).
SODÅ: Maverick Startup Aims to Set New Hospitality Norms
In 2014, Alvaro Moreno was still in the early stages of his hospitality career. His professional journey had taken him to a major hotel in Đà Nẵng where he was helping to build out an operations team and he reached out to his former business school in Galicia, Spain, he was connected with Jacobo Priegue. Their meeting proved serendipitous – they both clearly saw the vast opportunities in Vietnam's rapidly-growing hospitality industry and two years ago, the duo decided to launch a platform that could transform it.
Accor Greater China set to bring Sofitel, Novotel and Novotel Living to Changzhou High Speed Rail New Town
Accor Greater China, together with Changzhou High-Speed Railway Town and Changzhou High-Tech Group Co., Ltd., has announced the signing of a multiple property hospitality project in the fast-growing community of Changzhou High Speed Rail New Town. Sofitel Changzhou will bring a French luxury experience, complemented by Novotel Changzhou and a Novotel Living Changzhou extended stay hotel. The deal comes as Accor is experiencing an ambitious period of growth across Greater China, having recently opened its 700th hotel, with more than 100 hotels set to open by year-end and 150+ development projects currently underway.
RIU returns to Mauritius with two new hotels
RIU Hotels & Resorts returns to Mauritius with a bang with two new hotels in the foothills of the famous Le Morne Brabant. Riu Palace Mauritius is the first RIU Palace hotel opening in this destination. It is a four-star superior Adults Only hotel with the new and exclusive Elite Club service. The four-star Riu Turquoise, in turn, is a hotel ideal for a family holiday thanks to its wide variety of services and dining options.