Asia-Pacific’s Record Hotel Pipeline – Minus China

Macau recorded 1,341,605 international visitor arrivals from January to July of this year, a year-on-year increase of 122%. The problem is that is only 68.1% of the same period in 2019. The biggest issue Macau faces is that they are only at 20% of VIP gaming revenue and they put a lot of faith in international arrivals and that has only recovered to 68% of 2019. Overall, visitor arrivals are up 37.1% year on year to 19,748,000 through July, with Macau getting their 20th million arrival in August, two months ahead of last year. Total arrivals are over 80% of the 2019 total.

According to the Q2 2024 Asia Pacific, excluding China (APEC), Hotel Construction Pipeline Trend Report from Lodging Econometrics, the total pipeline in APEC has hit a record 2,056 projects with 406,118 rooms. Currently, 864 projects with 199,784 rooms are under construction in the APEC region. Here are all the projections.

Total Construction Pipeline in APEC (Q2 2024)

Chain Scale Segment Distribution (Q2 2024)

Top Countries by Projects in APEC Construction Pipeline (Q2 2024)

Top Cities by Projects in APEC Construction Pipeline (Q2 2024)

New Projects and Openings in Q2 2024

Forecasted Hotel Openings

Hotel GrandBach Kyoto Select will reopen on September 1, 2024, at Shijo, Kyoto. The opening will be after the completed renovation of the public areas, including the first two floors and partially the third. The hotel will relaunch as a lifestyle destination based on the concept of wellbeing and mindfulness. The hotel initially opened in Shijo in 2014 as the inaugural branch of the "Hotel GrandBach" brand, operated by a subsidiary wholly owned by the Green House Co. Green Hospitality Management described Hotel GrandBach Kyoto Select as the first hotel in Japan to be opened under the concept of "offer relaxing and luxurious experiences through their one-of-a-kind cuisine and signature music".

The Four Points by Sheraton Boracay celebrated its grand launch on August 3rd. The hotel is located in upscale Station 1, steps from the iconic White Beach, marking the official opening of the first and only Marriott hotel on Boracay in the Philippines. This is Marriott's tenth operating property in the Philippines. The Governor of Boracay is hoping they can get a good percentage of Marriott Bonvoymembers worldwide to consider a trip to Boracay now.

Australian hospitality company EVT is set to operate Alex Hotel in Perth, Western Australia from the middle of this month. They signed a hotel management agreement that includes the operation of the hotel's Shadow Wine Bar and Dining Room, according to the report in The Hotel Conversation. Alex Hotel offers 74 bedrooms while Shadow Wine Bar and Dining Room offers an Italian culinary experience with a wine list and private dining options, all set behind a 1950s façade. The property also includes The Lobby Bar which serves barista-made coffee during the day and transitions to organic wines at night. The hotel offers conference facilities, including a 16-person boardroom, private rooftop terrace and communal spaces. The hotel will be part of the Independent Collection by EVT.

Golden Island Hospitality Ltd said it entered into an agreement with Majestic Group Hotels and Casinos from India to establish the Majestic Pride Casino in Sri Lanka. The casino will be housed in the prestigious Lotus Tower located in Colombo 10.

ITC Hotels announced the signing of a new Welcomhotel property in Pushkar, Rajasthan, with SRK Hospitality. The hotel will be spread out on three acres and will offer 96 guest rooms, banquet facilities and various food and beverage options, including an all-day dining restaurant, a lobby lounge, a specialty restaurant and a bar. Other amenities will include a swimming pool, fitness center, spa and a kids club. The hotel is expected to open in 2026, situated 50km from Kishangarh Airport.

Indian Hotels Company Limited announced the establishment of its seventh Taj hotel in Bengaluru. IHCL signed the agreement with BCM Group for the Taj resort that will be set on 14 acres, boasting over 225 rooms. The hotel will include a variety of dining experiences, including an all-day dining area and two exclusive restaurants, as well as a poolside and lounge bar. The hotel will feature a 20,000-square-foot ballroom, complemented by 11 adaptable meeting rooms and additional banquet spaces. Leisure and wellness options will include a modern gym, health club, a swimming pool and several treatment rooms for relaxation. With this hotel, IHCL will expand its presence in Karnataka to 20 properties, including seven under development.

Personnel Move

Minor Hotels announced the appointment of Richard Beh as Vice President Commercial – Asia. He will be based at headquarters in Bangkok, Thailand. Before joining Minor, Beh served as Global Vice President, Hotel Chains at Trip.com. At Minor, he will spearhead the overall regional strategy, adopting a holistic approach to sales, marketing, e-commerce, revenue and distribution across all Minor Hotels brands in Asia