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.
Inspired By Principles Of Mindfulness, Newest Luxury Hotel In Hunan Province Is A Haven For Sophisticated Travelers To Recharge and Reconnect.
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.
IDeaS, the world’s leading provider of revenue management software and services announced today that its partnership with the International Youth Convention Hotel in Nanjing, China, was able to grow all revenue related KPIs during a difficult COVID environment and revenue increased during the past 12 months by 8.64 million RMB. IDeaS provided extensive revenue management consulting services and implemented G2 RMS at the hotel.
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.
Tivoli Hotels & Resorts, a luxury Portuguese-rooted hospitality brand, has announced an important milestone in its expansion strategy throughout Asia with the opening of Tivoli Chengdu at Cultural Heritage Park.
Hyatt Hotels Corporation (NYSE: H) announced today the opening of Hyatt Centric Lakeside Ningbo, marking the first Hyatt Centric hotel in mainland China. Located beside Tongxin Lake in Zhenhai's vibrant International Talent Park, the hotel provides the perfect starting point for adventurous travelers to explore the history and culture of Ningbo and experience an authentic slice of life in this charming port city.
Following the Beijing Winter Olympics and Paralympics, China’s domestic ice and snow economy continues to boom. According to the latest data, the number of participants in ice and snow sports across the country reached 346 million after the Olympics achieved nearly 600 million domestic TV viewers. However, as the second host city of a pandemic-era Olympics, how did Beijing’s hotel market fare? What were the performance differences among the city’s submarkets? How did that performance compare with pre-pandemic periods?
Though people in many parts of the world are heading back to the office and kids have returned to school, lockdowns continue across China as the country struggles to contain several Covid-19 outbreaks in line with its zero-Covid policy.
Hilton, one of the world’s leading hospitality companies, was today named the “Best Workplace for Women in Greater China™” for the third consecutive year by Great Place To Work®, the global authority on workplace culture. The recognition is a testament to Hilton’s commitment to supporting the personal and professional growth of its female team members, which has enabled Hilton to become an employer of choice for female professionals all around the world.
Four Seasons Hotel Tianjin announces the appointment of a Four Seasons veteran to its executive Planning Committee - Simon Song as its Director of Food and Beverage and Culinary Operations.
With a wealth of experience in urban properties, David Macklin assumes his post as General Manager at Four Seasons Hotel Guangzhou on familiar terrain. Thanks to previous postings in Tokyo, Sydney, Hong Kong, and Washington, DC, he understands the demands of properties that cater primarily to business travellers as well as the cultural nuances that are at the core of a dynamic and international location.
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.
Kempinski Hotel Chengdu is pleased to announce the appointment of Ms. Victoria Shi as Director of S&M.
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.
With the global pandemic, inbound tourism to China has slowed to a halt, but as we look ahead to the inevitable post-pandemic travel boom, the nation of 1.4 billion people is certain to reopen and welcome visitors from around the world. The general consensus today is that the earliest reopening will be Q4 2022. Yet, what will that look like? How will things be different and how will they remain the same? To understand the future of hotel distribution in China, we need to look at the past. Anson Lau, Managing Director of Shiji Distribution Solutions shares that history with us below. Read on to learn more.
A unique expression of life and vitality, FILA HOUSE Shanghai to join the JdV by Hyatt portfolio.
New research from the World Travel & Tourism Council (WTTC) has revealed China’s Travel & Tourism sector’s contribution to GDP could reach CNY 11 trillion this year, just 5.2% short of pre-pandemic levels.
Although Chinese consumer confidence is growing, desire for travel has shown a faltering recovery due to sporadic COVID-19 outbreaks. A predictable pattern is emerging where desire for travel recovers roughly two months after a decline and even though international travel is restricted, the desire for travel remains. Furthermore, travelers’ preferences are shifting, with implications for travel companies.
Anantara's world renowned luxury is coming to China's Anji County in northwestern Zhejiang Province. A popular escape for nature lovers and hailed as an eco-tourism destination, Anji County is located three-hours' drive from Shanghai and less than an hour's drive from Zhejiang's capital of Hangzhou.