Brand signings in India in 2022, Banyan Tree to expand portfolio in Vietnam and more...

Brand signings in India in 2022
Tuesday, 25th April 2023

Driven by the strong recovery in demand, hotel companies accelerated their growth plans in 2022, resulting in an over 33% rise in brand signings by keys compared to the previous year.

During the year, 166 new hotels with 14,885 rooms were signed, while 90 hotels with 5,702 rooms were rebranded.

Management contracts have long dominated signings in the Indian hotel sector, and they continued to do so in 2022. Whole domestic hotel operators signed more properties (75% of the total signings) than their international counterparts >>

PATA signs MOU with the Pacific Tourism Organisation
25 Apr 2023 : The Pacific Asia Travel Association has signed a Memorandum of Understanding (MoU) with the Pacific Tourism Organisation, to promote and strengthen shared interests between the two organisations in the areas of market access, innovative events, membership and communications to name a few >>

Six Senses adds Comino, midway between Malta and Gozo
25 Apr 2023 : Located across two bays on a lesser-known Maltese island, Six Senses Comino will feature a resort and themed spa, farm-to-table dining, and an exciting array of cultural, leisure, wellness, retreat, and sporting activities >>

Banyan Tree to expand portfolio in Vietnam
25 Apr 2023 : Banyan Tree Group plans to double its global portfolio in the next five years, including nine facilities in Vietnam, the Singapore-headquartered hospitality giant announced last Friday >>

Hotel performance recovery in China: A temporary setback
20 Apr 2023 : China's hotel industry showed strong recovery in the first quarter of 2023, with domestic travel for both leisure and corporate purposes maintaining a V-shaped trajectory across the country and segments, including provincial and capital levels >>

HIGHLIGHT ARTICLE

In Luxury, Exclusivity Means Being The Incomparable One Among Many
Tuesday, 25th April 2023

'The luxury business model doesn’t sit comfortably in a culture where equity and inclusion are sacrosanct because it recognizes wealth is not spread equitably and exclusivity - being for the few, not the mass many - is a core principle'.

While the concept of exclusivity doesn’t sound agreeable in conversation, luxury consumers fully understand and appreciate it in the abstract. And it’s a concept that luxury brands must be comfortable with >>

Hotel Conversions to Residential Use Heat Up
As economy and budget hotels are nearing the end of their economic life, some properties are finding new capital for renovations from buyers seeking to convert properties to residential use >>

Scaling a Business: How to Climb to the Summit of Success What’s Your Edge?
Scaling a business is the focus of this episode of What’s Your Edge? Scaling, regardless of the company stage, has been a recurring topic in many of our customer, partner, and prospect conversations of late >>

In case you've missed it: Global eNewsletter of April 24, 2023
Melbourne hotel occupancy reached 36-month high, Starbucks social impact report and more >>