In this week’s roundup of news from the Asia/Pacific region: AccorHotels’ deal with Mantra Group; Kimpton’s debut in Southeast Asia; STR pipeline and performance data; and more.
Hotel News Now each week features a news roundup from a different region of the world. Today’s review covers the Asia/Pacific region.
AccorHotels announces AU$1.3b deal for Mantra Group
AccorHotels has signed an agreement to acquire Australia’s Mantra Group for 1.3 billion Australian dollars ($995 million), according to a news release. This deal would add 20,000 rooms in 127 hotels, resorts and serviced apartments in Australia, New Zealand, Indonesia and Hawaii to AccorHotels’ portfolio.
“We are delighted to have come to an agreement to acquire the Mantra Group,” said Sébastien Bazin, chairman and CEO of AccorHotels. “This operation will underpin our long-term growth in the Asia Pacific region. Mantra’s portfolio would offer AccorHotels additional accommodation formats and a strong customer base to complement our successful hotel portfolio in Australia. We are confident that the transaction terms are attractive for shareholders of both groups.”
Kimpton to debut in Southeast Asia
InterContinental Hotels Group announced the signing of four new hotels in Southeast Asia, including the region’s first Kimpton Hotels & Resorts property, according to a news release. The new resorts are the Kimpton Bali, the InterContinental Sapa Resort, the Holiday Inn Resort Sapa and the Hotel Indigo Phu Quoc Starbay.
“It’s fantastic to be bringing new brands to new markets with new and existing partners as we continue to drive scale and brand preference as part of our global strategy,” said Rajit Sukumaran, chief development officer, Asia, Middle East and Africa. “Resorts provide a halo effect to our brands, attract high value global travelers and enable our guests to explore new destinations. With these four new resorts signings, we are excited to be expanding our resorts portfolio and delighted to bring the first Kimpton Hotels & Restaurants in Southeast Asia to a great resort location.”
Trisara’s Lark brought his passion to paradise
Anthony Lark, managing director and GM of the Trisara in Phuket, Thailand, has found management success through a leadership style he calls MBWA, or management by walking around, writes HNN’s Jeff Higley. Walking the grounds and speaking with guests helps him get a better feel for the property and guests’ needs.
“I spend a lot of time looking at details. So attention to detail, passion, empowering your staff, and reading every single guest,” he said. “That’s really the key.”
STR: Asia/Pacific hotel performance for Q3 2017
Hotels in the Asia Pacific region reported positive results during the third quarter of the year, according to data from STR, HNN’s parent company. Occupancy increased 3.3% to 73.5%, average daily rate grew 1.6% to $98.39 and revenue per available room increased 5% to $72.36.
Supply growth of 3% limited occupancy and rate growth in India, growing 0.9% to 62.4% and 2.7% to 5,254.96 Indian rupees ($81.98), respectively. Still RevPAR grew 3.6% to 3,287.73 Indian rupees ($51.29).
While occupancy only grew 0.7% to 75.9% in New Zealand, ADR jumped 10.3% to 177.89 New Zealand dollars ($122.81), leading to RevPAR growing 11% to NZ$134.99 ($93.14).
STR: Asia/Pacific hotel pipeline for September 2017
The Asia Pacific region had 625,359 rooms in 2,842 hotels under contract, according to the September 2017 Pipeline Report from STR, representing a 7.4% year-over-year increase in rooms under contract. The region reported 288,850 rooms in 1,241 projects in construction for the month, a 20.9% increase for the same time period.
The upscale chain segment had the most rooms under contract with 165,532 rooms representing 26.5% of the total number of rooms as well as the most in construction, with 76,223 rooms, representing 26.4%.
Deals and developments
- Hyatt Hotels Corporation debuts luxury lifestyle brand Andaz in Southeast Asia with the opening of the 342-room Andaz Singapore, the second Hyatt-brand hotel in Singapore.
- Langham Hospitality Group announced the opening of the 283-room Cordis, Beijing Capital Airport, the first Cordis hotel in the city.
- Thailand’s Minor Hotels and B&G Park announced a joint venture partnership to own and operate the 196-room Ananda Hua Hin Resort & Spa (to be rebranded to the Avani Hua Hin Resort & Villas).
- The Ascott Limited signed deals for the 299-key Citadines Raffles Place and the 320-key Citadines Rochor Singapore.
- Two Roads Hospitality Asia introduced a new luxury brand, Jaya Hotels & Residences, with plans to open several in the Asia Pacific region. One project already made public is development for The Jaya Lombok, set to be complete in 2020, with 99 rooms.
- Singapore’s Far East Hospitality will open the 606-room Village Hotel Sentosa, the 193-room The Outpost Sentosa and an unnamed 40-room property in Sentosa, Singapore.
- Marriott International opened the 128-room Fairfield by Marriott Coimbatore in Coimbatore, Tamil Nadu, India.
- Thailand’s Akaryn Hotel Group announced plans to open the 50-room Akyra Sukhumvit Bangkok in the first quarter of 2018.
Compiled by Bryan Wroten.