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ANA Holiday Inn Iwate Kitakami will join a strong portfolio of 12 Holiday Inn open and pipeline hotels across Japan, further solidifying the brands presence in the country. Additionally, it will become part of Holiday Inns global footprint, which includes 1,249 open hotels and 266 pipeline properties worldwide.
Budget reductions on this scale, with just $15.5m available over the next three financial years, will significantly restrict the brand campaigns Visit Victoria is able to activate with airline and accommodation partners, as we enter the slower off-peak winter season of trade.” “Budget reductions on this scale, with just $15.5m
TFE Hotels is an owner, manager and developer and we see their impressive presence in multiple markets – which includes more than 50 properties in Australia, a strong pipeline of properties and ties to Singapore and Europe – as complementary to our vision for the future,” said Heritage Hotels’ Managing Director, Jeffrey Tang.
Vietnam has also been a focus, with four hotels already open and eight in the development pipeline, including upcoming openings in sought-after coastal locations such as Mui Ne and Hoi An, along with the signing of the first Radisson Red in Danang. This expansion aims to tap into new market segments and create opportunities for growth.
There is tremendous potential for us to further scale Lyf across more hospitality asset classes, whether as a full-service hotel or resort, especially with the growth pace we have seen over the year. New locations Lyf is currently present in 21 cities globally, with over 5,500 units both operating and in the pipeline.
This marked a record in signings and contributed approximately 18,000 rooms to our development pipeline. Here in ANZP the pipeline is strong with 20 properties in stages of development, and three imminent new openings in 2024.
Yes, we have two office conversions in our pipeline, which is exciting. At the moment, the pipeline of hotels is more so in New South Wales and Victoria. Office conversions are providing a lot of opportunities for hotels at the moment. You’ve got an Adelaide project in the works. Can you tell us a bit about that?
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