Raffles Hotels & Resorts has signed a new hotel located in Shenzhen, southern China.
Raffles Shenzhen will open in 2018 occupying the top floors of an 80-storey tower in the new One Shenzhen Bay development.
Developed by Parkland Real Estate Development Co. Ltd, One Shenzhen Bay has a gross floor area of approximately 470,000.
Swiss-Belhotel has unveiled plans to open ten new hotels in Indonesia by the end of 2013, with 16 more scheduled for 2014.
Swiss-Belhotel International's biggest presence is in Indonesia, where it currently operates 34 hotels - a number which will swell to 60 by the end of 2014.
Swiss-Belhotel International Chairman and President, Mr.
The Olympic Games in 2020 will be held in Tokyo, Japan, and while an event of such magnitude poses real challenges, the event is likely to have a very positive impact on the Tokyo hotel market.
STR Global has been monitoring hotel performance for the Olympic host cities since Atlanta hosted the Olympic Games.