Commercial Hotel
Kuala Lumpur hotel supply to grow by 9.3% in 2024
A total of 13 new hotels with over 4,200 keys will enter the market.
Kuala Lumpur hotel supply to grow by 9.3% in 2024
A total of 13 new hotels with over 4,200 keys will enter the market.
Sydney hotel supply to increase by 5.1%
Six new hotels are slated to add 1,173 new rooms to the market.
Tokyo luxury hotel supply hits 22,881 keys in Q1
Thanks to two new hotels that opened during the quarter.
Why new hotel development will be subdued in Seoul in the near term
There were no new hotel completions in Q1.
Jakarta to see over 1,800 new luxury hotel rooms by year-end
This will be the highest figure for the next three years.
Five new hotels open in Bangkok in Q1
The hotels added over 1,100 rooms to the city’s supply.
Japan new hotel supply growth to underperform 10-year average of 3.7%
New supply is expected to have a CAGR of only 0.4% until 2027.
Japan hotel investment volumes hit record highs in 2023
Investments more than tripled to JPY500b during the year.
Korean hotel investment activity forecast to pick up this year
This is particularly true for luxury hotels.
Kuala Lumpur hotel supply to grow by 11.4% this year
This is equivalent to over 5,600 new rooms.
Over 1,600 rooms to enter Jakarta’s hotel market in 2024
This will cause the city’s hotel supply to grow by 2.9%.
Seoul sees 2,000 new luxury hotel rooms in 2023
But supply growth will be muted in 2024.
Bangkok sees 16 new luxury hotels in 2023
Over 3,300 keys were added to the city’s supply.
Tokyo to see two new luxury hotels by H1 2024
These projects will add nearly 250 rooms to the city’s stock.
One new luxury hotel opens in Sydney in Q4
The world’s largest W Hotel recently added 586 rooms to the city’s stock.
Sydney to see six new hotels in the near term
These hotels will add over 1,400 rooms to the market.
What were the two notable hotel openings in Tokyo in Q3?
The new hotels brought supply to over 22,000 keys as of September.
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