In the Q2 2023 Asia Pacific, excluding China, Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts state that the region is at an all-time project high of 1,936 with 401,766 rooms in the total pipeline at the close of the quarter.
Article - The Middle Eastern Hotel Construction Pipeline Shows Growth in the First Quarter - According to the Q1 2023 Construction Pipeline Trend Report for the Middle East from Lodging Econometrics (LE), the hotel construction pipeline in the region increased to 581 projects/147,356 rooms, up 8% by projects and 6% by rooms year-over-year (YOY).
Article - The Hotel Construction Pipeline in the Asia Pacific Region, Excluding China, Remains Steady at Q1 2023 - The region currently has 943 projects under construction, with 213,900 rooms, and 300 projects with 59,170 rooms scheduled to start construction in the next 12 months.
A clear strategy, high flexibility and interdisciplinary know-how along the entire value chain of a hotel property paired with employee orientation - these are the cornerstones of the realignment of the previous GHOTEL Group. With the change of name to The Chocolate on the Pillow Group, it addresses its target groups in a new way and promises to deliver decisive added value with the magic of small things .
The Chocolate on the Pillow Group represents a portfolio of over 20 hotels in the DACH region. With more than 650 employees, the group operates hotels under its own brands GHOTEL hotel & living and nestor as well as other hotels under the brands of the international hotel operator Accor (Novotel, ibis Styles, ibis, ibis budget, TRIBE, the hoxton) , Marriott (Moxy) and Intercontinental (Holiday Inn, Holiday Inn Express).
The hotel group, which was founded in 1994 and last traded as the GHOTEL Group, has set itself the task of setting new standards for hospitality with state-of-the-art hospitality concepts and wants to revolutionize the way hotels are managed. As a competent partner for institutional investors, private investors and joint ventures, The Chocolate on the Pillow Group, in its close connection with Art-Invest Real Estate and the Zech Group, covers the entire value chain from hotel construction to planning and implementation to hotel operation.