RedDoorz Targets 2027 Singapore Exchange Listing

Key Points

• Philippine tourism hit its highest post-pandemic growth with 2.74 million arrivals (Jan-May 2026), resilient MICE demand, and rising occupancy (66%) and ADR (PHP 6,000) despite energy issues and a South Korean market decline.
• Major expansion and consolidation plays are underway: RedDoorz eyes a 2027 SGX IPO to fund acquisitions, Accor targets 1,600 hotels in Greater China, and India's Summit and IHCL are both scaling portfolios with new brands and signings.
• Distribution and portfolio shifts continue, with Traveloka becoming Marriott's Certified Online Travel Partner for real-time bookings and Japan's Sapporo Tokyu REI Hotel closing in 2027 for a 2028 rebrand.

Summary

This industry roundup captures a period of momentum across Asia Pacific hospitality. The Philippines posted its strongest post-pandemic tourism growth, with 2.74 million foreign arrivals from January to May 2026—its highest five-month total in five years—led by US, Japan, Canada, and Chinese visitors, alongside resilient MICE demand and improved hotel metrics (66% occupancy, PHP 6,000 ADR). On the corporate front, Singapore-based budget-hotel platform RedDoorz is preparing a 2027 SGX mainboard listing to raise US$50-100 million for an acquisition-led Asia Pacific expansion. Accor is aggressively growing in Greater China, targeting 1,600 hotels within five to six years (nearly doubling its 830+), buoyed by 46% year-on-year inbound growth and new luxury signings. In India, Summit Hotels & Resorts is diversifying beyond mid-market with new upscale (Signature Collection) and pilgrimage (Mandir Collection) brands plus a soft-franchise model, aiming to double to 50 hotels by 2030, while IHCL expanded to 645 hotels including 20 new signings. Rounding out the news, Japan's Sapporo Tokyu REI Hotel will close in 2027 for rebranding, Traveloka signed a multi-year distribution deal with Marriott, and there were notable personnel changes at CBRE and Asian Hotels (North).