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Hyatt’s Pipeline is 40% in China

Alan Woinski

March 19th, 2024

exterior of a hotel with an illuminated fountain

Skift Take

Hyatt aims to expand its presence in China’s economy and midscale hotel segments, leveraging local partnerships and focusing on second and third-tier cities.

Hyatt said about 40% of their pipeline of 127,000 hotel rooms is in China. While a majority of China’s hotels are independently run on a small scale, Hyatt, other international hotel groups and Chinese homegrown groups like Jinjiang and H World all believe more owners will sign up to become franchises of global brands. Over 90% of Hyatt’s properties in China are in the economy and midscale segments. They want to expand their limited service offering in China’s second tier and third tier cities. Hyatt continues to work with local partners to grow, evidenced by last month’s deal with Hangzhou Trade and Tourism Group and The Dragon Group, partnerships to add independent and select-service hotels to its network.

IHG Hotels & Resorts has reached 1,012 hotels open in Asia Pacific with openings in the past year being noted across its Holiday Inn Hotels & Resorts, InterContinental Hotels & Resorts, Regent Hotels & Resorts, Hotel Indigo, Vignette Collection, voco Hotels and Crowne Plaza Hotels & Resorts. Of the over 1,000 hotels in APAC, more than 700 are in Greater China. In their global pipeline, over 22% are with their six Luxury & Lifestyle brands, about twice what it was five years ago. APAC is home to about 60% of their InterContinental brand’s global pipeline. 36% of their global signings are conversions and they plan to use this to grow in APAC, including their new midscale conversion brand – Garner which will soon have three properties in Osaka, Japan.

Axe Management Partners announced the completion of the acquisition of three hotel properties from CapitaLand Ascott Trust for US$75 million. Axe and IHG Hotels and Resorts will work to launch the new Garner hotel brand, targeting to open in the fourth quarter of this year. The three hotel properties are currently known as WBF Honmachi, WBF Kitasemba East and WBF Kitasemba West, located in the prime district of Honmachi Osaka in Japan.

Marriott International announced Courtyard by Marriott opened the Courtyard by Marriott Fukui, the seventh Courtyard property in Japan and the first hotel for Marriott International in Fukui, central Japan. The 252 room hotel is part of the Fukui-densha Street Redevelopment project, a multi-use commercial and residential complex. The hotel features two dining venues and a lobby lounge and bar. Other amenities include meeting space including one of the largest ballrooms in Fukui prefecture, a fitness center, and more.

Marriott has signed an agreement with Gurnani Resorts & Hotels to introduce its Ritz-Carlton brand to Jaipur, Rajasthan in India. The 250 key resort is expected to be debut in January 2028. Marriott currently has five operational hotels in Jaipur. Gurnani will invest Rs 500 crore in the new property.

SH Hotels & Resorts announced plans for the debut of Baccarat Hotels & Residences Maldives in 2027. Spanning five interconnected islands across more than 111 acres in the South Male Atoll, they expect the property to define ultimate luxury in the Maldives. SH is teaming up with MDC Investments LLC, a sister company of Madevco Holdings Limited, on the property. The resort will be partially wrapped around its own shallow-water lagoon and reef system and will offer more than 50 hotel villas and 53 private residences for sale. Accommodations will range from one to three bedroom hotel villas, each with their own private pool, to private residences overlooking the lagoon or the beachfront. There will also be lavish six and seven bedroom mansions on a secluded peninsula and eight and nine-bedroom Private Islands, intimate escapes. F&B will include specialty restaurants by some of the world’s top chefs. There will be a wellness spa, gym, yoga pavilions, nine hole golf course, tennis courts, outdoor cinema, art gallery and event space.

Centara Hotels & Resorts announced the upcoming launch of the Centara Mirage Lagoon Maldives in November 2024. The 145 room resort is inspired by an underwater theme, situated in the North Male Atoll and will join The Atollia by Centara Hotels & Resorts multi-island project. The Atollia will soon welcome the Centara Grand Lagoon Resort Maldives in early 2025. The Centara Mirage Lagoon Maldives will have 145 beach and overwater villas, dining options, kids club, Spa Cenvaree, outdoor aquatic complex along with a full water playground.

Global members-only club Soho House is looking to expand in India with the opening of two new Houses in New Delhi and Mumbai in the next few years. The luxury club opened its first House, an 11 story townhouse, in India in 2018 on Juhu Beach, Mumbai. Five years later they are set to grow their footprint with two new Houses, one in South Mumbai and the other in Mehrauli, Delhi. Soho House also announced it introduced Cities Without Houses membership format in six Indian cities – New Delhi, Goa, Jaipur, Hyderabad, Bengaluru, and Kolkata.

Accor Group recently broke ground on its $300 million casino resort in Subic Bay in the Philippines. Accor has begun construction of the resort casino, operating in the Philippines under Subic Sun Convention Resort and Casino Inc. The casino resort is being built in the Subic Special Economic and Freeport Zone, governed by the Subic Bay Metropolitan Authority. The resort will be within walking distance of the Subic Bay Yacht Club. The $300 million investment will result in a casino resort featuring two hotels with phase one including a 175 room ibis Styles with a swimming pool, gym, and meeting space. The second phase will bring a Mercure hotel with 250 rooms, a resort pool with a swim-up bar, and convention facilities. The first phase is expected to open next year with the Mercure coming online in 2026.

Hilton announced the grand opening of the DoubleTree by Hilton Bengaluru Whitefield, their latest hotel in India. Owned and developed by Klayani Developers, the 180 room hotel is located within an upscale residential enclave, a 15-minute drive from the nearby Phoenix Marketcity and VR Bengaluru shopping malls. The hotel includes three dining venues, casual meeting space in the lobby and a rooftop lounge bar, rooftop pool, and a fitness center as well as meeting and event spaces.

Radisson Hotel Group is set to enter into Gopalpur, Odisha in India with the opening of Pramod Lands End Resort, a member of Radisson Individuals. The 100 room hotel has been developed by Padma Eastern Hotels Private Limited and is set to open Q2 2024.

Hongkong & Shanghai Hotels said CEO Clement Kwok will retire in October. He has agreed to stay on as Executive Director and Advisor to the new CEO until May 2025.

Alan Woinski

March 19th, 2024

Companies: Hyatt Hotels Corporation, Accor, Baccarat Hotels, CapitaLand Investment, Centara Hotels & Resorts, Courtyard by Marriott, Crowne Plaza, Garner, Hilton Hotels & Resorts, Hotel Indigo, IHG Hotels & Resorts, Marriott International, Radisson Hotel Group, Ritz-Carlton, SH Hotels & Resorts, The Dragon Group, Vignette Collection, Voco

Locations: Hangzhou, Japan, Maldives, Odisha, Osaka, Rajasthan

Photo credit: Exterior of the Grand Hyatt Beijing.  Hyatt Hotels Corporation

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