Tuesday, August 22, 2023

China’s Hotel Construction Pipeline Soars With 678,965 Rooms

  • China has a hotel construction pipeline of 3,666 projects with 678,965 rooms. Mid-level upscale and upper midscale projects are active. Hilton, IHG, and Marriott lead the franchise companies.
  • Vietnam’s luxury hotel supply grew 6.2% in H1 2023, with 235 five-star and 354 four-star hotels. The country served 4.3 million overnight visitors.
  • Accor plans 10+ new hotels in India and supports unbranded hotels with the Cozzet Collection.

Vietnam New Brief reported that the supply of four and five-star hotels inVietnam rose 6.2% year over year in the first half of 2023. They cited a report by Outbox Company saying that at the end of June, Vietnam had 235 five-star hotels with 77,895 rooms and 354 four-star hotels with 47,502 rooms. Compared to 2019, that was […]