Riyaz Forms Joint Venture with Jin Jiang Hotels for Southeast Asia Expansion

Key Points

• RIYAZ International and Jin Jiang Hotels have formed a joint venture, RJJ Hotels, to manage and expand five Jin Jiang brands across Southeast Asia, targeting 108 hotels in five years.
• China's hotel construction pipeline remains robust, with Chengdu, Shanghai, and Guangzhou leading in project numbers, and over 1,100 new hotels forecast to open by the end of 2025.
• Frasers Property is considering privatizing its Singapore-listed hospitality REIT, while other hotel brands like Radisson, Outrigger, Hyatt, and Club Mahindra are expanding or innovating in Asia.

Summary

The article covers major hotel industry developments in Asia, including the formation of RJJ Hotels, a joint venture between RIYAZ International and Jin Jiang Hotels, aiming to expand five Jin Jiang brands across Southeast Asia. It highlights China's strong hotel construction pipeline, with several major cities leading in new projects and significant hotel openings forecast through 2026. The piece also notes Frasers Property's possible privatization of its hospitality REIT, alongside notable expansions and innovations from Radisson Hotel Group, Outrigger Resorts, Hyatt Hotels, Club Mahindra, and other hospitality players across India, Thailand, and Vietnam.