Indian Hotels Company Has a New Wellness Brand
Skift Take
- China hotel industry shows strong recovery with a 59.8% increase in RevPAR compared to last year.
- Ascott Ltd. plans to expand its properties in Malaysia and diversify into the hotel business.
- Raimon Land Plc announces three luxury projects in Phuket and Bangkok, targeting the luxury segment.
STR reported China hotel data for the week ended June 17. China Hotel RevPAR was up 59.8% year over year, up against a -14.3% comp decline. When compared to the same week in 2019, China Hotel RevPAR was down -3.2%.
The Ascott Ltd., lodging division of CapitaLand Investment Ltd., is set to increase its properties in Malaysia to 19 from the current 15. Ascott said they are going for growth post-pandemic, aiming to expand further in Malaysia, not just within the service residence segment but also their hotel business there for this year. Ascott said there are three hotels currently operating under management by Ascott.
Grand Serendib Hotel Kandy was opened recently with an investment of over Rs. 1 billion. ABEC and Grand Serendib founder Dilip Herath said this is their first diversification to the leisure sector after 17 years in the education business. The investment was done by raising capital within the company via a consortium of five direct
