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Hotel Industry Pipeline Continues to Expand in Asia-Pacific

by Vera Lye, Contributing Editor, APAC |

Seven trending hotel news stories that will impact your Revenue Strategy.

1. In Asia, pipeline continues to grow

STR‘s June 2017 Pipeline Report shows 612,210 rooms in 2,767 hotel projects under contract in Asia-Pacific, representing a 6.2% increase in rooms under contract compared with June 2016. Asia-Pacific had 270,976 rooms in 1,183 projects in construction for the month; and based on number of rooms, that is an 8.5% increase in year-over-year comparisons.

Full story at HospitalityNet.

2. Vietnam investing in hotel, travel infrastructure at rapid clip

Vietnam is hot on the radar of hospitality investors as the country puts focus on developing its tourism infrastructure. With government initiatives and commitments by the private sector into infrastructure and transport linkages, hotel investors are keen to capitalise on this growth. Vietnam invested 5.8% of its GDP in infrastructural developments, the highest rate in Southeast Asia, according to the Asian Development Bank.

Full story at 4Hoteliers.

#Hotel development keeps growing in #APAC, plus six trending #RevenueStrategy stories Click To Tweet

3. Marriott’s Fairfield debuts in China

Marriott International announced the debut of the Fairfield by Marriott brand in Greater China with the opening of Fairfield by Marriott Nanning Nanhu Park. Marriott International and Dossen International Group signed an exclusive development agreement last September to bring the Fairfield by Marriott brand to mainland China and will target aggressive growth in different cities across China in the next five years.

Full story at Hotel News Resource.

4. The Experience Economy, Millenials and more

Shifts in consumer behaviours, led by the millennials, was a recurring theme at the inaugural South East Asia Hotel Investors’ Summit 2017 held recently in Bangkok. More hotels are creating opportunities for their millennial guests to participate in the experience economy. Other takeaways included how political uncertainty is affecting the region.

Full story at HospitalityNet.

5. Melbourne home for MOHG’s first Australian property

Mandarin Oriental Hotel Group has signed a management contract for a new luxury hotel and branded residences to be developed in Melbourne, Australia. The project is expected to open in 2023, and is the group’s first announced property in Australia. The hotel and residences will be located on Collins Street, in an iconic, mixed-use 185-metre tower.

Full story at Hotel News Resource.

6. Absolute Hotel expands into U Hua Hin

Absolute Hotel Services Group is adding to its portfolio U Hua Hin, which targets to open in early 2020. U Hua Hin will have a total of 132 rooms and villas consisting of superior, deluxe and pool villa types. The resort enjoys a private-beach location on more than 14,000 square metres of beachfront land.

Full story at Travel Daily News.

7. Next Story Group reimagines urban spaces

Next Story Group, recently rebranded from the SilverNeedle Group, is hoping to assert its newfound mission of reimagining urban spaces through the launch of its new community hub concept in Hong Kong and Taipei by year-end. Named Kafnu, the concept is a blended space synthesising co-working, co-living, hotel, retail and private club – with each location meant to organically develop into a unique community for locals and visitors.

Full story at TTG Asia.

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Vera Lye, Contributing Editor, APAC

Vera Lye, Contributing Editor, APAC

Contributing Editor, APAC at Duetto
Vera has been a travel trade journalist in Asia/Pacific for two decades, working in most of the major trade publications. She is now based in Sydney where she juggles her writing with managing her young son’s development as an aspiring tennis professional.
Vera Lye, Contributing Editor, APAC
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Vera Lye, Contributing Editor, APAC

Vera has been a travel trade journalist in Asia/Pacific for two decades, working in most of the major trade publications. She is now based in Sydney where she juggles her writing with managing her young son’s development as an aspiring tennis professional.