Park Hyatt Opens in Suzhou, China Hyatt today opened its ninth Park Hyatt and eighty-eighth hotel in China – Park Hyatt Suzhou. Located near the city’s freshwater Jinji Lake in the heart of Suzhou Industrial Park, the hotel houses 178 elegant rooms, including 19 suits, ranging from 50 to 173 square meters. The hotel well …
Category Archives: Industry News
Greystar to Launch First Residential Rental Brand in China
Greystar to Launch First Residential Rental Brand in China Greystar Real Estate Partners, LLC, a global leader in the investment, development and management of high-quality rental housing properties, has recently launched LIV’N, its first residential rental brand in China, amid rapidly increasing demand for professionally designed and institutionally managed rental housing in top-tier Chinese cities. …
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Hotels on Road to Recovery in China
Hotels on Road to Recovery in China There has been a noticeable growth in revenue per available room (RevPAR) over the past few weeks in China as the country starts to recover from the coronavirus outbreak. This was revealed from the latest figures of specialist hospitality industry analysts, STR. Regional cities have been coming back …
World’s Top 50 Valuable Hotel Brands Could Lose Up to $14 Billion of Brand Value
World’s top 50 valuable hotel brands could lose up to $14 billion of brand value Hotels sector heavily impacted by COVID-19 pandemic, brands could lose up to 20% of cumulative brand value, equating to US$14 billion. * Hilton remains world’s most valuable hotel brand, up an impressive 35% * Mercure is fastest growing brand in Brand Finance …
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Timeless City – Riverside Paradise Walk Opens in Chengdu
Timeless City – Riverside Paradise Walk Opens in Chengdu Timeless City – Riverside Paradise Walk has opened in Chengdu, China. Designed by Lead8, Timeless City is located alongside the Cheng Hua Avenue and Sha He (Sand River), occupying a 740,000sqm area. The mix-use development houses a 140,000sqm retail mall, four towers hosting a hotel and …
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Huazhu Initiates Major Restructuring to Pursue Global Ambition
Huazhu Initiates Major Restructuring to Pursue Global Ambition Chinese hotel group Huazhu initiated a major plan for organization restructuring last week to pursue the company’s ambition of strengthening domestic business while going global. According to the plan announced by chairman Qi Ji in an internal letter, the company will be restructured to include two organizing …
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PuYun Hotel and Spa to Open in 2022
PuYun Hotel and Spa to Open in 2022 The PuYun Hotel and Spa’s scheduled opening in 2022 will add to URC’s global portfolio of award-winning ultra-luxury hotels and resorts, including The PuLi Hotel and Spa, Shanghai, The PuXuan Hotel and Spa, Beijing and The RuMa Hotel and Residences, Kuala Lumpur, with eight further properties under …
Kempinski Reopens All Hotels in China
Kempinski Reopens All Hotels in China Following early signs of recovery and eased lockdowns after the coronavirus (COVID-19) spread in China, Kempinski Hotels has reopened all of its hotels in the country. New, strict safety and hygiene procedures have been put in place to comply with local government authorities and World Health Organization (WHO) guidelines, …
Hilton Reopens Hotels in China
Hilton Reopens Hotels in China Hilton has reopened hotels in mainland China after closing them due to the coronavirus crisis, the hotel company said in a press release. Hilton closed 150 of its hotels in China in February this year, according to a report by CNBC . The company has a total of 255 properties …
China’s Hotel Construction Pipeline Hits All-Time High in the First Quarter of 2020 Despite COVID-19 Pandemic
China’s Hotel Construction Pipeline Hits All-Time High in the First Quarter of 2020 Despite COVID-19 Pandemic Analysts at Lodging Econometrics (LE) report that despite the COVID-19 outbreak, China’s total construction pipeline continues to expand to an all-time high of 3,533 projects/645,764 rooms, up 24% by projects and 9% by rooms year-over-year (YOY). China has 2,330 …