Asia-Pacific’s hospitality landscape is experiencing a robust expansion, marked by a wave of strategic new hotel and resort openings designed to cater to diverse traveler preferences and capitalize on surging demand. Major global hospitality groups are intensifying their presence, particularly in dynamic markets like Vietnam, Thailand, Indonesia, and Japan.
IHG’s Strategic Growth Across Southeast Asia
IHG Hotels & Resorts is making significant strides with several new properties set to open. A highlight is the voco Quang Binh Resort by IHG, poised to be IHG’s inaugural voco property in Vietnam. Scheduled for a Q3 2025 opening, this 284-room resort on the Bao Ninh peninsula near Dong Hoi City aims to be a beacon for eco-tourism and adventure, featuring extensive MICE facilities. Beyond Vietnam, IHG is bolstering its mid-scale and lifestyle offerings with Hotel Indigo Batam and Holiday Inn Express & Suites Batam Centre, marking its first foray into Batam with these distinct brands. Further expanding its Holiday Inn Express & Suites footprint, IHG will also open properties in Johor Bahru, Singapore Novena, Saigon Phu Nhuan, and Vientiane, underscoring a regional focus on accessible, quality accommodations.
Luxury Glamping and Extended Stays
Thailand’s Koh Phangan is set to welcome Tantawan Tented Camp in November 2024. This exclusive 20-tent luxury glamping experience near Haad Rin Beach will offer discerning travelers an immersive wellness and nature retreat. Meanwhile, in Bangkok, Accor’s first Novotel Living Bangkok Sukhumvit 36 is slated for a Q4 2024 opening. Its 172 residential-style units with kitchenettes are tailored for the burgeoning extended-stay market, providing a home-away-from-home experience.
Dusit International’s Regional Ascent
Thai hospitality leader Dusit International is also actively expanding its global portfolio, with a strong emphasis on Asia-Pacific. Key openings include Dusit Hotel and Suites – Ho Chi Minh City (Q3 2024), offering a mix of 71 hotel rooms and 80 serviced apartments as the first Dusit Hotels and Resorts property in Vietnam. Laos will see the Dusit Princess Hotel, Residences & Suites – Vientiane (Q3 2024), combining 150 hotel rooms with 150 serviced residences. Dusit’s reach extends further east with Dusit Suites Hotel – Kyoto (Q4 2024) featuring 100 keys, and south to Dusit Princess Hotel – Melbourne (Q4 2024) with 150 keys, showcasing a diversified strategy across luxury and upper-midscale segments.
Mövenpick Enhances Bali’s Appeal
Rounding out the significant openings is the Mövenpick Resort & Residences Nusa Dua, Bali, expected in Q4 2024. This family-friendly property will feature 149 hotel rooms, suites, and villas, alongside 243 serviced residences. Its Swiss-inspired hospitality and prime location near Melasti Beach are set to enhance Bali’s appeal as a premier resort destination, catering to both short-term leisure and long-term stays.
These developments collectively reflect a vibrant and confident travel sector, poised for sustained growth by offering an array of accommodation types and experiences, meeting the evolving demands of modern travelers and investors alike.
Key Points
- voco Quang Binh Resort by IHG: 284 rooms, Q3 2025 opening, first voco in Vietnam.
- Tantawan Tented Camp, Koh Phangan: 20 luxury tents, Nov 2024 opening, glamping concept.
- Mövenpick Resort & Residences Nusa Dua, Bali: 149 hotel rooms/suites/villas, 243 residences, Q4 2024 opening.
- Novotel Living Bangkok Sukhumvit 36: 172 units (residential-style), Q4 2024 opening, first Novotel Living in Thailand.
- Hotel Indigo Batam: IHG’s first lifestyle hotel in Batam.
- Holiday Inn Express & Suites Batam Centre: IHG’s first HIEX&S in Batam.
- Additional Holiday Inn Express & Suites Openings (IHG): Johor Bahru, Singapore Novena, Saigon Phu Nhuan, Vientiane.
- Dusit Hotel and Suites – Ho Chi Minh City: 71 hotel rooms, 80 apartments, Q3 2024 opening, first Dusit Hotels and Resorts in Vietnam.
- Dusit Princess Hotel, Residences & Suites – Vientiane: 150 hotel rooms, 150 serviced apartments, Q3 2024 opening.
- Dusit Suites Hotel – Kyoto: 100 keys, Q4 2024 opening.
- Dusit Princess Hotel – Melbourne: 150 keys, Q4 2024 opening.
- Overall trend: Strong expansion by major hospitality brands across key Asia-Pacific markets including Vietnam, Thailand, Indonesia, Laos, Japan, Singapore, and Malaysia, focusing on diverse segments like luxury resorts, lifestyle hotels, extended stays, and glamping experiences.
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