Design is the DNA and building block of every experience or product consumed. In today’s economy, scholars cite design as a company’s most critical advantage.
Hospitality companies have been trying to tap India’s growing number of high net worth individuals and companies that are willing to pay for premium rooms after the mid-market expansion drive of the last two to three years.
After 50 years under military rule Myanmar is now seeing an influx of foreign investors and tourists that has begun to increase hotel development and demand.
The Bangkok Post reported that in Yangon, Myanmar land plots for hotel development are quickly being auctioned. Helping to push development and foreign investment are the 2012 SEA Games and the Asean Summit 2014 that will take place in the country.
October 9th, 10th, and 11th of this year, the Shangri-La Hotel in Bangkok will play host to the Alternative Ownership Asia Pacific Conference (AOCAP), a three-day event offering a mix of networking opportunities and the most up to date information regarding mixed-use properties. As hotels have sought new ways to produce revenue, alternative ownership has [...]
The outlook for Asian hotel investments is encouraging, as transactions in the region exceeded those in America in 2009 for the first time on record. Speaking at the recent Hotel Investment Conference in Singapore, Jones Lang LaSalle Hotels’ Managing Director for Investment Sales Asia, Mike Batchelor noted that Asia Pacific’s contribution and emergence as a [...]
Despite tourism arrivals rebounding to 2007 levels, profits at Phuket’s hotels have been hit by island-wide discounting as almost all hoteliers scramble to induce demand and meet consumer pressure for lower rates.
Thai hospitality chain Dusit hopes to open its first luxury property outside the country in India in 2010. The opening in New Delhi will be followed by four more hotels and resorts by 2013, as part of expansion plans in the international space by the group.
Accor, the largest operator of hotels and resorts in Asia Pacific, plans to expand the Mercure brand with five new hotels in China, Thailand, South Korea and India.
Property Report has teamed up with luxury and branded products representative Panache Management and HNW luxury lifestyle specialists Iconovista to launch a series of exclusive real estate and luxury product shows under the banner of
US hotel company Best Western International will open six new hotels in Indonesia this year. The six are part of 14 Best Western Hotels to be opened this year in Asia, Jusuf Sawirin, the area development chief of Best Western International Indonesia, said.