SINGAPORE – Leading global hospitality company Hilton (NYSE: HLT) has announced six landmark signings in Asia Pacific (APAC) across its portfolio of luxury brands - Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts and LXR Hotels & Resorts - in the year to date, a mark of growing optimism in luxury travel across the region.
With the signing of Waldorf Astoria Xi’an, Waldorf Astoria Shanghai Qiantan, Waldorf Astoria Kuala Lumpur, Waldorf Astoria Sydney, Conrad Nagoya and an LXR Hotels & Resorts property in Bali, Hilton’s pipeline of luxury hotels in the region increases to 20. When these hotels open in the coming years, travellers will enjoy an exquisite portfolio of more than 50 luxury hotels across Asia Pacific.
With a growing middle class, increased consumer spending and an underserved lodging market, Asia Pacific presents a US$10 trillion consumption growth opportunity over the next decade.
Alan Watts, president, Asia Pacific, Hilton said, “Hilton is Asia Pacific’s fastest growing hospitality company, and that signals the confidence that owners and developers have in our ability to capture growing demand and deliver strong returns in APAC’s most sought-after destinations. We share the optimism that owners and developers have about the future of luxury travel and appreciate the importance they place on partners and brands that will optimize their yield. As we continue to pursue quality organic growth and enhance our network effect, we too stay focused on prioritizing the right partnerships to deploy the right brands in the right locations.”
Post-pandemic recovery has prompted increasing owner and developer interest in hospitality real estate, as the APAC hotel investment volume in 2021 grew 46% year-on-year to exceed US$12 billion, and investors focused on acquiring luxury or resort assets. The luxury travel segment is also expected to burgeon as 42% of APAC consumers who intend to take an international trip seek out luxury experiences.
"These signings mark an incredible moment for our luxury brand portfolio as we expand Waldorf Astoria, Conrad, and LXR throughout five countries in the region, offering even more opportunities for travelers to immerse in our authentic approach,” said Dino Michael, senior vice president & global category head, Luxury Brands, Hilton. “From Waldorf Astoria's intuitive service, to Conrad's bold design and LXR’s culturally immersive experiences, the hotels continue to showcase innovation and deliver on what guests are looking for in their stay. This expansion reinforces the appeal of the brands globally, and is a true testament to the team members who bring luxury to life.”
Hilton’s latest signings mark a further closing of key city gaps as its award-winning luxury brands debut or expand in key travel destinations such as Japan, Australia, Malaysia, Indonesia and China.
China in particular holds great potential in shaping the future of luxury travel as it is home to the world’s largest consumer economy and is set to become the largest luxury goods market by 2025. Travel demand is also shifting as the country’s new generation of young and discerning travelers seeks higher levels of personalization, wellbeing, sustainability and quality in their luxury travel experience.
The signings of Waldorf Astoria in Xi’an and Shanghai Qiantan put the brand on track to double its portfolio in China and offer its unrivalled luxury in eight world-class hotels. When open, Waldorf Astoria Xi’an will be one of the tallest buildings in this ancient capital of the 13 Dynasties. Designed by the famed design firm, Yabu Pushelberg, the hotel will draw inspiration from the city’s rich millennia-old culture and integrate oriental elegance into modern design. Waldorf Astoria Shanghai Qiantan will mark the city’s second Waldorf Astoria hotel. Located in Shanghai’s brand-new CBD – the New Bund area – the hotel will boast panoramic views of the Huangpu River and immerse guests in the tranquility and glamour of China’s commercial capital.
Today, there are more than a dozen Conrad hotels operating in China. When the other nine hotels in the country’s pipeline open – including Conrad Shenzhen and Conrad Chongqing next year – guests will be able to enjoy the discreet yet sophisticated luxury that the brand is known for in more than 20 destinations.
Landmark Brand Entries into New Markets
Set to open in 2024, Waldorf Astoria Kuala Lumpur and Waldorf Astoria Jakarta – set to be the city’s tallest building – will mark the entry of the iconic Waldorf Astoria
brand into Malaysia and Indonesia. A year later, Japan will welcome the country’s first Waldorf Astoria hotel in Osaka (Waldorf Astoria Osaka). In 2026, Hilton will introduce this premier luxury brand to Australia and Sydney’s iconic Circular Quay with Waldorf Astoria Sydney. Waldorf Astoria will more than double in presence in Asia Pacific over the next 5 years.
Conrad Kuala Lumpur, slated to open next year, will mark the brand’s debut in Malaysia, while Nagoya, the manufacturing and craftsmanship capital of Japan, will welcome the opening of its first Conrad hotel (Conrad Nagoya) in 2026. Today, almost 60% of the global Conrad estate is in Asia Pacific. The brand commands the largest share in Hilton’s APAC luxury portfolio and will grow by almost 50% when hotels in its pipeline open.
Set to open as the first LXR-branded resort in South East Asia in 2023, the 72 all-villa resort in Bali, Indonesia will join a collection of unique, independent luxury properties around the world, which includes the recently opened and award-winning ROKU KYOTO, LXR Hotels & Resorts in Japan.
Please find a list of Hilton’s recent luxury signings and upcoming openings in Asia Pacific:
Hilton (NYSE: HLT) is a leading global hospitality company with a portfolio of 18 world-class brands comprising more than 6,800 properties and more than 1 million rooms, in 122 countries and territories. Dedicated to fulfilling its founding vision to fill the earth with the light and warmth of hospitality, Hilton has welcomed more than 3 billion guests in its more than 100-year history, earned a top spot on the 2021 World's Best Workplaces list and been recognized as a global leader on the Dow Jones Sustainability Indices for five consecutive years. In 2021, in addition to opening more than one hotel a day, Hilton introduced several industry-leading technology enhancements to improve the guest experience, including Digital Key Share, automated complimentary room upgrades and the ability to book confirmed connecting rooms. Through the award-winning guest loyalty program Hilton Honors, the nearly 128 million members who book directly with Hilton can earn Points for hotel stays and experiences money can't buy. With the free Hilton Honors app, guests can book their stay, select their room, check in, unlock their door with a Digital Key and check out, all from their smartphone. Visit newsroom.hilton.com for more information, and connect with Hilton on Facebook, Twitter, LinkedIn, Instagram and YouTube.