Accor Opens World's Largest Mercure Hotel in Singapore
Photo Credit: Exterior of the Mercure Icon Singapore City Centre. Accor
Skift Take
Accor has opened the world's largest Mercure hotel in Singapore, featuring extensive amenities and a prime location between Chinatown and the CBD.
CoStar said the Asia Pacific hotel construction pipeline is being led by China. At the end of March, there were 502,610 rooms In Construction, up 5.6% year over year. That same gain was seen in Rooms in Final Planning, at 109,926 while Rooms In Planning were down -11% to 289,041. Total Rooms Under Contract in Asia Pacific was down -0.4% to 901,577. China leads the Asia Pacific region in total rooms In Construction at 315,145 followed by Vietnam at 37,113.
In Australia, Territory Labor Government announced a $68 million investment in the 2024-2025 budget to bolster tourism, including new airline routes and marketing campaigns. $6 million in extra funding is included in there to support the sector and talk up the Territory to their biggest visitor markets. $3 million of that will go to encourage more international visitors to the Territory and $3 million will be used for more cooperative marketing with airlines that have brought
