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Asia's Hotel Pipeline Retracts 17% in Third Quarter

Category: Hotels, Posted:10 Dec 2009 | 04:08 am

For Q3 Asia's hotel pipeline has retracted by 17% for projects versus Q2 of 2009 according to figures released by Lodging Economics. Development went from 2,226 project down to 1,841; though in terms of total rooms the downward trend was 13%. The regions two bull markets India and China account for 81% of the new supply in hotel projects.
Asia has continued to lead the world with its continued pipeline sustained during the global recession but at the same time while projects at more advanced phases of development are continuing, those still in early planning are where the write off's are for the moment. At the same time many Asian high net worth hotel owners have elected to look at stressed existing assets with developing market such as Australia favored.

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Mind the Gap – Keep People Inspired Event in November

Category: Hotels|Tourism, Posted:22 Oct 2022 | 08:50 am Keep People Inspired (KPI) is the second in a series of Mind the Gap Learning events. The focus of the event is on inclusiveness in hospitality, spanning Phuket’s hotels, tourism and service industries. Inclusiveness is a key element of businesses that rely heavily on human resources and is in effect all about people, whether they […]
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Japanese Luxury Brand Hoshinoya Heads To Niseko

Category: Hotels|Real estate, Posted:14 Oct 2022 | 17:42 pm Leading Japanese hotel operator Hoshino has inked a deal for a luxury resort in Niseko with developer Zekkei Properties. Located in a prime ski-in and ski-out location in Upper Hirafu Village, the 62-unit hotel and residence property will be named Hoshinoya Lodge Niseko. With one of Hirafu’s best locations, the site was formerly occupied by […]
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Phuket and Beyond, A Brief Friday Hotel Update

Category: Hotels, Posted:14 Oct 2022 | 10:24 am In Phuket, Wyndham Vacation Resorts has signed a deal to manage the 50-key Zenmaya Oceanfront in Kalim. The property will be under the Trademark Collection by Wyndham. There are synergies for the hotel given it is located across a main coastal road from the Wyndham Grand Phuket Kalim Bay. Regional carrier Myanmar Airways International (MAI) […]
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