Hilton's Planned Hotel Openings in Asia Pacific
Skift Take
- JLL’s Hotel Momentum India report said a total of 59 hotels comprising around 4,700 keys were signed in India in the last quarter.
- Hilton announced some of their 2024 planned openings in the Asia Pacific region. First up will be Conrad Singapore Orchard on January 1.
- The Sri Lanka Convention Bureau is working to establish the country’s Northern province as a destination for MICE for South India.
STR reported China hotel data for the week ended November 4. Hotel RevPAR in China was up 57.6% for the week, up against a comp of 4.4% growth in 2022. When compared with the same week in 2019, RevPAR was down -13.8%.
JLL’s Hotel Momentum India report said a total of 59 hotels comprising around 4,700 keys were signed in India in the last quarter. 34 hotels opened in the period adding about 2,400 with over 80% in tier-II and tier-III cities. Of the hotels signed during the quarter, 12 of them were conversions from other hotel brands, making up 23% of the entire inventory signed in the quarter. Last year in the quarter, 54 hotels were signed adding a similar 4,300 keys to the organized sector. JLL said hotel development activity will continue to grow in terms of both hotel openings and new hotel signings but they anticipate the growth in ADR will level out over the next year or so owing to the dynamic geo-political scenario that may impact demand to
