Hotel chains are accelerating expansion plans across the Asia-Pacific region, betting on a post-pandemic recovery as countries gradually reopen to international travelers.
in the next few years to its existing portfolio of almost 12,500 rooms across 39 owned and managed properties in Asia, Oceania, Europe and North America.
With countries around the region relaxing Covid-19 restrictions, international hotel chains including French hospitality group Accor, Hong Kong-based Shangri-La and Bangkok-based Dusit Thani are gearing up for a post-pandemic recovery. Shangri-La has opened four new hotels in the past six months, including three across China with a total of 1,188 rooms as well as the 203-room Shangri-La Jeddah, its first hotel in Saudi Arabia. The group said it has a substantial pipeline of upcoming hotel and mixed-use development projects in Australia, China, Cambodia and Japan in the coming years.
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