Hilton brand set to expand by over a quarter
Hilton Worldwide’s flagship brand, Hilton Hotels & Resorts, is due to grow by around 27% over the next few years, according to the group’s latest figures…
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Scandic Signs Agreement for Two New Hotels in Helsinki
Scandic Hotels has signed a long-term lease agreement with landlord Projekti GH Oy for two hotels with a total of 459 rooms in the unique Garden Helsinki, a multi-functional event arena in Helsinki, Finland…
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Hinduja Gr to reopen Churchill's Old War Office as luxury hotel
Hinduja Group on Tuesday said it has collaborated with Raffles Hotels & Resorts to restore 'The Old War Office' of Britain's World War II era prime minister Winston Churchill.
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Three chain scales hit record-high project counts in the global pipeline at Q2
As of the conclusion of the second quarter, there are a total of 6,154 projects comprising 1,108,498 rooms currently in the construction phase worldwide…
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Global Hotel Construction Pipeline Rose 3% YOY in Q2
Portsmouth, NH, August 31, 2023-In the Q2 2023 global construction pipeline trend report from Lodging Econometrics (LE) analysts state that the total global construction pipeline stands at 14,572 projects/2,310,238, up 3% year-over-year (YOY) by…
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Hilton moves ahead with luxury brand push in Asia-Pacific
SINGAPORE - U.S. hotel giant Hilton is planning to expand its luxury offerings in Asia by bringing its top-end Waldorf Astoria brand to Malaysia, Vietnam, India and other countries for the first time.
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China’s hotel construction pipeline nears record high
China’s construction pipeline for hotels is approaching an all-time high with 3,666 projects/678,965 rooms at Q2’s close. Upscale and upper-midscale projects are particularly active, with new hotel openings forecasted to grow…
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Invictus Developments Boosts Hotel Portfolio with Brisbane and Sydney Acquisitions CBRE & JLL
Singapore-based Invictus Developments has continued to invest in the Australian hotel property market, with the $25 million acquisition of Brisbane’s 5-star The Inchcolm by Ovolo Hotel at Spring Hill in Brisbane…
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Vietnam’s visitor push, backed up by 140-hotel pipeline
Vietnam’s government is striving to attract more international visitors for lengthier stays, in the wake of at least 140 high end hotels poised to boost the country’s portfolio.
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Africa achieves a US$8.6 billion premium hotel pipeline
Across the African continent, high end hotel projects have collectively generated nearly US$8.6 billion of investment, according to the latest information from THP.
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Indonesia ups hotel demand as it smashes tourism targets
According to the southeast Asian country’s Ministry of Tourism and Creative Economy, the nation smashed its target of attracting 3.6 million tourists in 2022, reaching 5.9 million – exceeding its objective by 64%…
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Smart City to get new 11-storey hotel, residential block
PA board requests more stepped-down development - Smart City in Kalkara will be moving further away from its original grand plan to become an ICT hub with the approval of an 11-storey block for a hotel and a separate block of residences…
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US Hotel Construction Pipeline Grows by 7% YoY, Reaching Near Peak Levels: Q2 2023 Report
Despite prevailing economic challenges, the United States' hotel construction pipeline saw robust growth in Q2 2023, with a 7% year-over-year (YOY) increase in projects and a 6% rise in rooms…
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