Centara to Launch New Budget Hotel Brand
Skift Take
Centara Hotels and PTT Oil plan six budget hotels at Thai service stations, while IHG debuts Garner brand in Greater China. Plus, more hotel deal and development news.
STR/CoStar reported China hotel data for the week ended March 28th. China hotel RevPAR was up 3.5% year-over-year, up against a decline of 8.7% in the year-ago week RevPAR. For the 2026 week, ADR was up 4.4% while occupancy was down 0.8% year-over-year.
IHG Hotels & Resorts announced the official debut of Garner hotels, its 14th brand in Greater China. IHG described Garner as a highly adaptable, conversion-friendly model that enables owners to unlock value with efficient and practical solutions. The Garner brand boasts more than 100 hotels open worldwide since it launched in 2023. The first hotel in the China region for the brand is Garner Beijing 798 Art District. Multiple projects have been signed in other locations, including Shanghai Lujiazui, Chongqing Jiefangbei, and Hangzhou West Lake.
Varel Singapore, a Tribute Portfolio Hotel, has opened on Selegie Road in Singapore. Varel Singapore is a 128-room
