Monday, July 24, 2023

Accor to Add 6,000 Rooms in Japan

  • Chinese investors are shifting their focus from New York City hotels due to hostility towards Chinese capital.
  • Radisson Hotel Group has achieved significant growth in the Asia Pacific and Europe, Middle East, and Africa regions with over 100 hotel openings and signings, particularly in Vietnam, India, Thailand, the Philippines, and China.
  • Several major hotel companies, such as Sands China, Dharampal Satyapal Group, ITC Ltd., Accor, and Hilton, are making significant expansions, acquisitions, and rebranding efforts across Asia.

The Wall Street Journal published an article on how Chinese investors are fleeing the Western world, no longer having New York City hotels as their favorite place to put their funds. The report said the change is due to hostility to Chinese capital and that Chinese companies are now spending money on factories in Southeast Asia and mining and energy projects […]