Tag: hotel

Retail Asia17/01/2019
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2min0
Hotel room rates in Hanoi and HCMC, at around $110 a night, are the second most expensive in Southeast Asia behind only Singapore. Real estate services firm CBRE Vietnam said at a recent conference that the performance of the four- and five-star hotel segments was very strong in 2018 due to limited supply but constantly […]

Retail Asia04/01/2019
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5min0
Vietnamese homestay platform Luxstay has raised $3 million from CyberAgent Ventures and other foreign investors in its bridge round. Representatives of Luxstay, the Vietnamese homestay booking start-up, said the total capital raised could rise to $5 million as negotiations are still ongoing with interested investment funds. CyberAgent Ventures (CAV), a Japan based investment firm specializing […]

Retail Asia04/12/2018
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6min0
The “golden age of tourism” in Vietnam presents robust hotel development opportunities in Vietnam’s biggest cities. Troy Griffiths, deputy managing director of real estate consultant Savills, said Ho Chi Minh and Hanoi are “under-hoteled per population, per travel and per airlift capacity”. “Hotel is a particularly dynamic sector at the moment as Vietnam is experiencing […]

Retail Asia30/11/2018
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1min0
Hotel Chocolat has opened its second store in Asia Pacific. The British-based luxury chocolate retailer has opened an outlet in Tokyo to follow up its first store in the region, in Hong Kong. The new store is in the giant Aeon Lake Town shopping mall on the outskirts of Tokyo. More are planned for Japan, […]

Retail Asia27/11/2018
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4min0
Hotel booking sites Agoda and Booking.com have been ordered to revise their no-refund policies or potentially face legal action. Korea’s Fair Trade Commission (FTC) announced on Wednesday that it has ordered the two global travel platforms to revise the terms and conditions which allow them to unfairly deny refunds for products and services. Customers are […]

Retail Asia09/11/2018
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2min0
An automated Alibaba hotel is set to open in Hangzhou. The move showcases the e-commerce giant’s technological capacity and serves to diversify its scope of business – with a view to demonstrating and selling its data-driven innovations. The company has claimed the hotel will be more efficient than manned properties within a comparable price range. […]

Retail Asia09/11/2018
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7min0
Six years in design and construction, Bangkok’s US$1.6 billion IconSiam development will finally be officially launched tonight before opening its doors to the public tomorrow morning. With 500 stores, more than 100 restaurants and 14 cinema screens, a luxury apartment tower and a Mandarin Oriental hotel, the ambitious development is probably the most significant addition […]

Retail Asia12/10/2018
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3min0
Hotel and serviced apartment tariffs outside the city center are leveling off and on the brink of declining as a result of competition from apartments leased on Airbnb and others. CBRE’s senior director, Duong Thuy Dung, said since 2016 a total of nearly 100,000 apartments have been built and sold in Saigon, and a large […]

Retail Asia02/05/2018
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5min
Room rates in hotels and guest houses during the Labour Day “mini Golden Week” are not as expensive in comparison to past figures due to competition from Airbnb listings. Hong Kong had a busy weekend ahead of tomorrow’s Labour Day and saw a 9 percent rise in the number of mainland visitors on Saturday compared […]

Retail Asia11/04/2018
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2min0
Centara Hotels & Resorts, Thailand’s leading hotel operator, will observe the upcoming Songkran Thai New Year period by wearing colorful traditional dress. Visitors and guests to the company’s properties are treated daily to graceful Thai service and cultural traditions that have become Centara’s hallmark; this Songkran, 13th – 15th April, they can enjoy the added […]

Retail Asia01/03/2018
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2min
Malaysia’s largest government-linked fund management firm, Permodalan Nasional Bhd (PNB), has signed Hyatt Hotels & Resorts as the hotel operator for its tower development, expected to be the third tallest in the world when completed. The luxury hotel operator’s Park Hyatt brand will occupy the top 17 floors of the tower, called PNB 118, PNB […]

Retail Asia17/10/2017
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2min0
Last week a fast-food brand partnered with a fast-fashion label: now a luxury hotel is teaming with a Chinese fashion label… In time for Shanghai Fashion Week, W Hotels Worldwide unveiled an exclusive capsule collection by Chinese fashion brand Xu Zhi to mark the opening of the first W hotel in Shanghai. Six distinct looks and several […]

Retail Asia11/07/2017
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1min0
The Japanese household goods and apparel company has announced its plans to open a hotel and world flagship in Ginza, Tokyo, in the spring of 2019. Developed by the Yomiuri Shimbun Tokyo headquarters and Mitsui Fudosan, a retail property developer of the Mitsui group, the 14,219 square metre, 13-floor building will feature eight floors dedicated to […]


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