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Industry News

Asia Pacific hotel pipeline for September 2017

STR’s September 2017 Pipeline Report shows 625,359 rooms in 2,842 hotel projects Under Contract in the Asia Pacific region. The total represents a 7.4% increase in rooms Under Contract compared with September 2016.

Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.

The Asia Pacific region reported 288,850 rooms in 1,241 projects In Construction for the month. Based on number of rooms, that is a 20.9% increase in […]

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Two Roads Hospitality adds a new luxury brand, Jaya Hotels & Residences, to its Asian portfolio

Two Roads Hospitality Asia is delighted to announce the launch of the newest luxury brand – Jaya Hotels & Residences. On the drawing board for nearly five years, Jaya Hotels & Residences is the brainchild of the late interior designer Jaya Ibrahim and a group of industry visionaries, to conceptualize an entirely new and exciting hotel experience – one inspired by Jaya’s unique and unmistakable design vision, as well as discretely luxurious lifestyle and engaging service expectations.

In May 2015, Jaya’s sudden passing sent shockwaves […]

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Indonesia to consider universal basic income

Jakarta. Indonesia is studying the possibility of implementing the idea of universal basic income, or UBI, in anticipation of automation-triggered mass layoffs in the coming decades.

UBI, an unconditional cash transfer to all citizens, has been on center stage in global economic discussions in the past years, amid rapid developments in artificial intelligence and advanced robotic that threaten to replace human workers in manufacturing and service jobs.

“If robots destroy employment opportunities, then UBI should be introduced,” Finance Minister Sri Mulyani Indrawati said on the […]

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The Beachside Weligama Bay Marriott Resort & Spa opens in Sri Lanka

Marriott Hotels, the iconic flagship brand of Marriott International,announced the opening of Weligama Bay Marriott Resort & Spa, marking Marriott International’s first hotel in enigmatic Sri Lanka. Sri Lanka is fast becoming a top tourist destination given its dramatic landscape ranging from an impressive eight UNESCO World heritage sites dotting the compact island country that vastly ranges from dramatic mountains in the North to picturesque white-sand beaches ideal for water sports lovers and sun-worshippers. Weligama Bay Marriott Resort & Spa is situated […]

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AccorHotels to acquire Mantra Group

Mantra Group’s board has just revealed (Oct 12) it has approved the proposal from AccorHotels to acquire the company for over AUD$1.3 billion.

The deal, which will see all shares of Mantra acquired for $3.96 per share, will see AccorHotels add 127 hotels to its network across Australia, New Zealand, Indonesia and the United States (Hawaii), taking its network to over 370 hotels in the Australasia region.

“The Board of Directors of Mantra Group Limited is pleased to announce it has entered […]

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InterContinental Singapore Robertson Quay opens

Set amidst a dynamic, sophisticated neighbourhood along the Singapore River, known for its dining options and arts houses, the luxury hotel has been carefully curated by world-class designers, architects and culinary purveyors. Located just a few minutes from the CBD, the hotel still maintains a stylish but laid back, relaxed feel in the leafy, upscale neighbourhood of Robertson Quay. The hotel offers 225 luxurious studios and suites, including an expansive Penthouse, which has unparalleled views of both the Singapore River […]

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