TTG Asia
Asia/Singapore Wednesday, 31st December 2025
Page 153

Italian singer Andrea Bocelli to perform in Macau in March

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Andrea Bocelli
Andrea Bocelli returns to perform in Macau for the first time in nine years

Renowned Italian classical artist Andrea Bocelli will be performing at a concert in Macau’s Galaxy Arena on March 29, 2025.

Andrea Bocelli
Andrea Bocelli returns to perform in Macau for the first time in nine years

This marks the first time the legendary tenor has appeared at Macau’s largest indoor arena.

This concert will feature a unique setlist, offering fans in Macau, Hong Kong, and throughout Asia-Pacific a rare opportunity to experience the artist live.

Known as the “Voice of God” and as one of the world’s most famous tenors, Andrea Bocelli is celebrated for his ability to blend Italian folk, opera, and pop music, earning acclaim for his distinctive crossover style. With over 90 million albums sold and more than 16 billion streams, Andrea Bocelli is the biggest-selling artist in the classical genre.

Visit Galaxy Macau for more information.

Klook takes wellness step forward as restorative travel interest surges

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Travel platform Klook will take over Singapore’s stylish enclave Duxton Hill with its Wellness Weekend over February 22 and 23, where visitors can participate in more than 60 wellness experiences, from cold plunges and meditative sound baths to Traditional Chinese Medicine workshops.

The event is the Klook’s nod to the rising demand for wellness and restorative travel experiences.

Klook Wellness Event will offer more than 60 wellness experiences

Sarah Wan, general manager of Indonesia, Malaysia, and Singapore at  Klook, told TTG Asia: “Travel data from Global Web Index shows that across South-east Asia, more than half (57 per cent) of Millennials and Gen Z prioritise relaxation as a factor when deciding on their destination, underscoring the growing importance of wellness during travel.

“We’ve observed an uptick in demand for wellness and health experiences. Globally, our platform data shows that bookings for such experiences doubled in 2024 compared to the previous year, along with a 69 per cent increase in platform visits, indicating rising interest from travellers in the wellness space. Some of the top wellness activities on our platform include kintsugi workshops, zero gravity floating, and outdoor yoga or meditation retreats.”

Wan added that “travel habits are also shifting” towards a preference for “spontaneity, experience-first travel, and social influence”.

“The experiences sector is the fastest-growing segment within the travel industry, particularly in Asia. Focusing on quality over quantity, we see travellers prioritising immersive experiences that allow them to be more present and connect with local culture and communities. In order to connect with this audience, we’re constantly expanding our offerings and curating tailored wellness experiences,” she said.

The Klook Wellness Weekend is part of the wider Rejuvenating in the Lion City project supported by the Singapore Tourism Board (STB), and is Klook’s opportunity to tackle the  issue of insufficient self-care among Singaporeans. A previous Klook study found that 76 per cent of Singaporeans face time constraints that prevent them from practicing self-care, highlighting the pervasive lack of time for relaxation and rejuvenation.

Programmes are developed with local partners to spotlight unique wellness experiences. Activities combine heritage charm and modern lifestyle, and will also engage families with children through a designated playground. Attendees have an opportunity to win grand prizes worth up to S$10,000 (US$7,456.70).

When asked if the Klook Wellness Weekend would be a recurring feature on Klook’s calendar not only in Singapore but also in the markets she heads, Wan said: “With wellness experiences on the rise, we’re optimistic there will be future opportunities to curate even more unique experiences and events for our customers.”

Indeed, Klook is in tune with wellness desires, and has worked with partners to create even more initiatives that highlight Singapore’s readiness to welcome health-conscious travellers.

With the support of STB’s Experience Step-Up Fund, Klook has developed and launched five new wellness experiences: Mini Zen Garden Workshop by House of Melissa; Mini Forest Bathing & Sound Bathing to Plant Music by Xiu Nature Connections; Tienji Awareness Method Demo by Tienji Academy; Ancient Remedies and Modern Wellness Tour by Offbeat Tours; and Wellness, Stories and Tea at Tanjong Pagar Tour by Tribe Tours.

Wan said: “These initiatives reflect Klook’s innovative spirit – expanding our portfolio and enhancing accessibility as we explore fresh avenues in travel experiences, including wellness.”

Asia-Pacific sees strong domestic air capacity recovery, international capacity nears pre-pandemic levels

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Aviation travel data provider, OAG, has confirmed that Asia-Pacific is on track to solidify its position as the world’s most competitive aviation market in 2025, having surpassed 2019’s total capacity by 0.5 per cent last year.

OAG’s latest report, Is Asia Pacific the World’s Most Competitive Aviation Market?, stated that both domestic and international sectors showed remarkable growth and resilience in 2024. Domestic markets across the region operated at 4.7 per cent above 2019 levels in 2024 – underscoring the critical role of domestic travel in driving the region’s aviation recovery.

Asia-Pacific region achieved 594.8 million seats in 2024, making it the second-largest international aviation market globally

Chinese domestic capacity in 2024 stood 14 per cent above 2019, and India was 13 per cent ahead of pre-pandemic levels in 2024. These two countries, along with Japan and Indonesia, boasted more than 100 million seats in their domestic markets last year.

However, Japan remained four per cent behind 2019 domestic capacity levels as a combination of socio-economic factors hold back growth. Contributing to Indonesia’s slower return (17 per cent behind) are ongoing supply chain issues, with 27 per cent of the country’s aircraft currently stored or out for maintenance.

On the international front, the Asia-Pacific region achieved 594.8 million seats, making it the second-largest international aviation market globally. The region now accounts for one in every four international seats worldwide.

Leading the charge in international seat capacity are Singapore Airlines, Cathay Pacific, and China Eastern.

The report also found that airfares in the region had been driven down by rapid capacity expansion and increased competition. Average ticket prices on 17 of the 20 largest growth markets declined in 2024, many by more than 20 per cent, with Bangkok to Shanghai Pudong seeing a 71 per cent reduction in fares, year-on-year.

OAG’s head of Asia Pacific, Mayur Patel, said: “As the Asia-Pacific region continues to expand, the synergy of robust domestic recovery, dynamic international growth, and competitive strategic pricing makes it the world’s most vibrant and competitive aviation market.”

In an earlier interview with TTG Asia, Patel expressed confidence in air capacity improvements across the region in 2025, with tourism and tourism recovery and expansion particularly driven by the expansion of low-cost carrier operations.

Dynasty Travel brings Singapore travel fair to town for easier shopping

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Singapore travel agency Dynasty Travel will launch a new travel fair called Blink in a popular mall in town, promising easier access for Singapore customers looking to secure their next holiday.

Blink will feature hourly flash deals on different countries, offer free Strides Premier airport meet-and-greet limousine services for all customers who book group tours during the travel fair, and other perks.

Dynasty Travel’s Blink travel fair will conduct hourly Destination Sharing Sessions that help attendees gain a deeper understanding and appreciation for the countries that they may be visiting

Blink will take place over two weekends from February 22 to 23 Feb, and again February 28 Feb to March 2 – the second edition coinciding with Singapore’s major travel fair led by the National Association of Travel Agents Singapore.

Following the pandemic travel disruption, Dynasty Travel has been rebranded as a contemporary travel agency guided by a new mission to help people “travel well, learn more, and do good”.

The inaugural Blink is said to exemplify this multi-year transformation. While it retains beloved travel fair content like stackable discounts and free gifts, it also presents new elements that help customers “travel well” through an enhanced selection of accommodation, meals and experiences that make the best use of customers’ time abroad; “learn more” through hourly Destination Sharing Sessions that help attendees gain a deeper understanding and appreciation for the countries that they may be visiting; and “do good” through showcases of the agency’s sustainable operations.

Dynasty Travel’s chief executive officer, Teo Tianyi, said: “Even with the ease of making travel arrangements online these days, I believe that there is still a lot of value that a long-established travel company like Dynasty Travel can bring to travel-loving Singaporeans.”

Tourism Malaysia launches Visit Malaysia 2026 campaign in India

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Tourism Malaysia has unveiled its Visit Malaysia 2026 (VM2026) campaign in India along with a target of 1.6 million Indian arrivals. A series of strategic travel trade initiatives will back its campaign ambitions.

The NTO has been actively engaging with the Indian travel trade industry. Earlier this year, Tourism Malaysia participated in the OTM 2025 travel tradeshow in Mumbai, and led a sales mission across key Southern Indian cities including Hyderabad, Bengaluru and Kochi. Continuing its engagement, Tourism Malaysia will soon join SATTE 2025 in New Delhi from February 19 to 21.

Visit Malaysia 2026 campaign is launched in India

Ahmad Johanif Mohd Ali, director, Tourism Malaysia New Delhi, told TTG Asia that the NTO’s presence at SATTE 2025 will “create awareness about VM2026”.

“Apart from our mass marketing efforts, we will be focusing on niche segments like golf tourism, weddings and MICE to meet our target of 1.6 million Indian tourist arrivals in 2026,” he added.

To court golf enthusiasts, Tourism Malaysia will organise a series of golf tourism-focused events across five Indian cities from March to December 2025. Key markets like New Delhi and Kolkata have already been identified for these events.

Ahmad Johanif also shared that joint promotions with India-based travel agents will be introduced to promote Malaysia as a golf and wedding destination.

Industry players see strong potential in Malaysia for Indian weddings, but urge additional steps to raise its competitive edge against dominant destinations such as Thailand, Turkey, the UAE, Bali, and Mauritius.

Rachit Jain, director of event management company Rashi Entertainment, suggested measures such as fast-track immigration services for wedding groups as well as tax exemptions and incentive schemes for wedding agencies.

As Tourism Malaysia continues its courtship of Indian travellers, a series of fam trips for Indian travel agents and media representatives will be made available in collaboration with airlines like IndiGo and Air India.

Chinese self-drive holidays on the rise

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Data on China’s domestic self-driving holidays, captured during the pandemic and post-lockdown, show demand increasing from 41 per cent to 80 per cent from 2020 to 2024, and Chinese travellers are now going behind the wheel all over the world.

Leading China car rental platform Zuzuche, which offers self-driving travel services, had processed more than 20 million international driving licence holders as of 4Q2024 and its year-on-year booking growth rate in 2023 was a whopping 331 per cent.

Zuzuche data shows that more than half of Chinese self-drive travellers are between the ages of 21 and 45

The findings and other trends were shared by Keiko Zhang, vice president and marketing director, during Dragon Trail International’s (DTI) webinar on Chinese New Year 2025 and self-driving tourism.

Australia and New Zealand dominate as top outbound destinations in Asia-Pacific, with Malaysia and Thailand as popular choices. Further afield, Chinese travellers are booking self-drive holidays in the UAE.

Top destinations in Europe are the UK, France, Italy and Spain while Germany and Norway are emerging on the radar.

Zhang noted the US is a hot self-drive destination for the China market.

The top five picks for 2025 Spring Festival were Australia, New Zealand, the US, Thailand and Norway, she said, adding that year-on-year growth saw Norway jumping 326 per cent and Saudi Arabia 200 per cent.

She continued: “Chinese travellers are increasingly seeking niche experiences and 2024 fastest growing hidden gem road-trip cites include Hobart (Australia), AIUla (Saudi Arabia), Zagreb (Croatia), Tbilisi (Georgia) and Mallorca (Spain).

Zuzuche data shows that more than half of self-drive travellers are between the ages of 21 and 45 post-lockdown, and there are 15 per cent more females. Spring Festival demographics show that 30.8 per cent of self-drive travellers are women aged 55 and above.

Social media plays a crucial role in the decision-making loop for travellers, Zhang highlighted.

Sienna Parulis-Cook, DTI, director of marketing and communications, shared that Ctrip Chinese New Year self-driving travel trends saw overseas car rentals increasing by 42 per cent year-on-year.

“The average length of car rentals overseas was six days and popular destinations for self-driving travel included Los Angeles, Dubai, San Francisco, Bangkok, and Phuket,” Parulis-Cook added.

Asia-Pacific’s spirit of innovation benefits travel and tourism: WTTC chief

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Julia Simpson giving a keynote address at Aviation Festival Asia 2025 on the quick pace of innovation in Asia

The emergence of four or five tech giants in AI in the next five years, and “one of the best” emerging from Asia-Pacific, will be exciting on the innovation and product front where the region is expected to continue to be the “fastest growing”.

Julia Simpson giving a keynote address at Aviation Festival Asia 2025 on the quick pace of innovation in Asia-Pacific and its benefits on the industry

Julia Simpson, president and CEO, WTTC, in her keynote address at Tuesday’s Aviation Festival Asia, held in Singapore, noted that the region is “very quick to innovate” and invest in product development.

Examples include buying aircraft with better fuel efficiency, using AI for optimal flight paths, saving fuel depending on weather conditions, and customer “hyperpersonalisation”.

AI is both a revenue generator and cost saver, she opined, and is transforming travel and tourism in areas such as limiting food waste and changing buying patterns.

“(The adoption of) AI has to start from the CEO, be led from the top and skills put in place in-house to take out the cost and eventually give customers a better experience,” she noted.

While ground transportation may be the biggest greenhouse gas emitter, WTTC’s job is to call on governments to support the production of sustainable aviation fuel (SAF), Simpson declared.

In a recent statement issued by IATA, SAF production volumes reached one million tonnes or 1.3 billion litres in 2024 and accounted for 0.3 per cent of global jet fuel production and 11 per cent of global renewable fuel.

She named Singapore as a good example of a country leading the way in SAF production.

While global GDP is expected to grow between 2.3 and 2.5 per cent over the next 10 years, Simpson said travel and tourism is expected to grow twice as fast and keen investors are looking at tech opportunities in Asia-Pacific.

In a follow-up panel discussion during the conference, Simpson and airline chiefs addressed the recent spate of accidents and reiterated the industry’s safety-first principle and regulatory measures that still make flying the safest means of transportation.

Airlines cannot fly if they do not meet the regulatory requirements, Richard Nuttal, CEO, SriLankan Airlines, stated.

He added that there should not be speculation over air accidents and regulatory bodies should be left to conduct their investigations.

Ajay Singh, chairman and managing director of SpiceJet, attributed the media attention to the aviation industry being “the most visible”.

Simpson, formerly with British Airways, said the industry’s safety culture and regulatory measures are well in place, there is “zero tolerance”, and safety is at the top of the agenda.

Louder voices for aviation issues that matter

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AAPA gained three new members in quick succession – Lion Air Indonesia in November 2024, Qantas Airways in January 2025, and Air New Zealand this month. How will the association’s expansion impact AAPA’s industry advocacy efforts, goals and purpose?
We speak for the whole of the Asia-Pacific region, and our members represent all parts of the region. With all 18 members today, our voice is that much more credible and stronger.

The addition of Qantas Airways and Air New Zealand is significant because the South West Pacific region was a white spot for AAPA; we didn’t have any airlines from that region before. Furthermore, both of them are leading forces in South West Pacific.

Getting Lion Air Indonesia is also a milestone for us because it is the first budget airline to join AAPA.

Is there a qualifying criteria for members?
Because we deal with global matters, our airline members have to have a significant international operation in the Asia-Pacific region. Airlines that join us are based in the GMT plus five to plus 12 zone, in countries that follow the ICAO’s (International Civil Aviation Organization) definition of Asia-Pacific.

What led to this rapid expansion of the AAPA airline membership in recent months?
Expanding membership is a prevailing priority at AAPA, and not something that suddenly become important to us. However, in some years, it was not easy to get new members to join us because of various challenges that airlines had to face.

Airlines see the value of an AAPA membership. They see that the association is dealing with issues that are right up their alley.

What issues would these be?
Safety is an important priority. Airlines always put safety front and centre. Last June, AAPA organised the first of its kind Asia Pacific Turboprop Safety Conference in Kuala Lumpur, Malaysia. We brought more than 100 delegates together to share insights, best practices, and innovations in turboprop operations. Key topics discussed ranged from safety culture and technology advancements to regulatory frameworks, reinforcing best approaches to aviation safety.

This year, we will be organising a wider, broader Asia Pacific Turboprop Safety Conference, which is scheduled to take place in September in Manila, the Philippines. It will allow us to tackle a lot more issues related to safety, and attract more participants.

Sustainability is another prevailing priority. Achieving this requires fuel efficiency, but sustainable aviation fuel (SAF) is taking a long time to come online. There is not enough SAF. Airlines are not fuel producers, but we will do what is within our control.

Therefore, we are focused on fuel efficiency and are choosing to chase technology capability by talking with the OEMs (original equipment manufacturers) to persuade them to accelerate their plans to introduce new propulsion systems and carbon-abating technology.

We are also always monitoring regulatory developments (that impact airline operations) and talking to governments about setting up seamless travel for air passengers.

Take this scenario as an example – due to supply chain constraints, there have been many flight disruptions in the past few months. Regulators tend to adopt knee-jerk reactions. They respond to flight disruptions with penalties on airlines and insist that airlines refund passengers’ tickets right away and take full responsibility for cancellations and disruptions. These responses increase the cost for airlines.

However, airlines are already doing their best to accommodate passengers and look for alternative arrangements.

It is also troubling that the regulatory environment is very fractious – every state does its own thing and there is no consistency or harmonisation of policy approaches and regulations. It is very confusing, and people don’t want to travel under those circumstances.

These are our objectives. The more voices we have in our membership, the stronger we are to advocate for action.

On the topic of safety – there have been a couple of air incidents recently. Have these dented air travel confidence?
I don’t think so. Forward bookings have not been affected by these incidents. Air transport is still the safest mode of travel and people know that.

Well, we don’t want any of these incidents to happen but when they do, we have to take it as a learning exercise. We have to find out everything we can about them to prevent them from happening again.

A lot of the advocacy work that associations do are in the back-end, with policymakers, regulators and industry professionals. However, consumer perspective can impact the airline business. Does AAPA do any consumer-facing communications? Perhaps to inform the travelling public of the supply chain bottleneck that is causing flight delays or network issues, so that some of the pressure can be taken off airlines?
AAPA is not a public relations company, that’s not our brief. Our members don’t want us to provide that service. Instead, our members want us to speak with governments and regulators across the 39 ICAO states in Asia-Pacific.

Nevertheless, we try to do as much communication as we can through press releases. We do talk to consumer media as well. I go on Bloomberg once in a while to share perspectives and information.

There are so many different issues, challenges and opportunities (in air travel), and it is not possible to communicate all that in a consumer facing way. It can get too technical for consumers to understand. I think airlines’ public relations teams are better equipped to do that.

ICAO issued a statement last month, saying that SAF production has been “disappointingly slow”. What is AAPA’s opinion on this?
AAPA agrees fully with ICAO. The problem in the industry is that we are putting all the eggs in one basket. We are saying that we cannot get to net zero unless we we have enough SAF, but SAF production is not enough.

Airlines do not control fuel production. It falls on the governments to do whatever is necessary to get SAF producers.

The ICAO (net-zero carbon emissions) roadmap is a multi-prong roadmap, and the core competence of this industry is technology. We need more focus on aircraft technology capability, and we are communicating this with OEMS, as mentioned earlier.

Now, there is a huge focus on technology because due to supply chain issues, airlines are using more and more old technology, which results in less fuel efficient operations and more emissions.

Can airlines exert pressure on governments to make wiser decisions about renewable energy production?
Exerting pressure on governments is a tall order. What we do is communicate with governments and understand what their issues are too.

Last year, Boeing and Standard Chartered supported a project to explore the availability of feedstock for SAF production in South-east Asia. The study, conducted by the Roundtable on Sustainable Biomaterials, found that the region’s feedstock is able to supply around 12 per cent of global SAF demand by 2050.

This collaborative project shows that ASEAN governments are interested in this, and want to do something that is coordinated and harmonised across the region. There is high-level support elsewhere in Asia too. Japan has instituted a public-private partnership to produce SAF. Thailand already has a good track record with bio-diesel and is coming up with policies to support local fuel producers.

One thing good about Asia-Pacific is that a lot of the fuel producers are government-linked, so they can (influence production).

AAPA is always talking to the governments, to help them realise how important sustainable aviation is.

Where is the bulk of SAF production at this point?
Global SAF production is still mostly in the West – 90 per cent is in the US and less than five per cent in Europe.

Would US president Donald Trump’s lack of support for green fuels have an impact on renewable energy production in Asia-Pacific?
Of course, Trump’s policies will have a big say. The Biden Administration was very pro-sustainable aviation fuel. It passed the 2022 Inflation Reduction Act (which sets out provisions for updating guidance around energy usage that will improve carbon emissions and help to mitigate the impacts of climate change). So far, the Trump Administration has not indicated intentions to reverse all of that. That means, biofuels is still part of his agenda.

However, we never know what will come, so we have to hedge our bets and see.

(Editor’s note: Trump passed an executive order in January to suspend all Inflation Reduction Act funding disbursement, which would impact clean energy construction and manufacturing projects in the US, although the White House had followed up with a clarification that it would not be a sweeping pause.)

So, we do need Asia-Pacific to speed up SAF production, as it will mean supply stability and also be cheaper for airlines in our region to pipe in fuel, yes?
Yes. Well, Asia-Pacific is like an elephant. It takes a long time to get up and run, but once it does, you don’t want to be standing in its way.

Minor Hotels delivers profitable, record-breaking year

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Minor Hotels' portfolio in Thailand performed best with a 17 per cent RevPar increase

Minor Hotels has reported a 16 per cent jump in net profit to 5.1 billion baht (US$151 million) and a nine per cent rise in total revenue to 134 billion baht for 2024.

The record-breaking numbers underscore heightened global tourism demand, particularly in the group’s home market of Thailand as well as in Europe where it operates more than 280 properties.

Minor Hotels’ portfolio in Thailand performed best with a 17 per cent RevPar increase

The global hotel owner and operator, which has a portfolio of more than 560 properties in 58 countries, ended the year on a strong note with fourth-quarter profit of 2.2 billion baht, representing a 14 per cent year-on-year increase.

The results reflected disciplined pricing strategy, strong operating leverage, and continued expansion under the group’s ‘asset-right’ strategy – a deliberate balance between asset-heavy and asset-light models – while setting the stage for further gains in 2025.

In 2024, Minor Hotels’ group-wide occupancy reached 68 per cent, marking a two percentage-point uptick from the previous year, with Thailand leading the way with a five-point gain to 70 per cent.

ADR across the global portfolio also rose six per cent year-on-year, while RevPar climbed nine per cent overall.

The group’s portfolio in Thailand, where it has 30 properties, was a standout performer with a 17 per cent RevPar increase driven by expanded airline routes and targeted marketing efforts, which attracted high-quality travellers from North America, Asia, Europe, and the Middle East.

Performance in Europe and the Americas also remained robust, bolstered by resilient leisure and business travel from key feeder markets such as the US, the UK, and Mexico. A well-executed pricing strategy led to a six per cent ADR increase in the region in 2024, contributing to nine per cent RevPar growth that was led by properties in Spain, Central Europe, Benelux and Italy.

Dillip Rajakarier, CEO, Minor Hotels and Group CEO, Minor International, said: “Minor Hotels is well positioned to capitalise on the ongoing global travel rebound and accelerate growth in 2025 and beyond. Our asset-right strategy and disciplined financial management will continue to drive growth and create value for our stakeholders. With a reinforced financial position, we are set to innovate, expand profitably, and capture new opportunities – mostly capital-free – as we continue to scale our global footprint.”

The company added 30 new properties and over 3,000 keys in 2024, propelling its global portfolio past 560 hotels and 81,000 keys.

Looking ahead, it anticipates continued gains in occupancy and RevPar across its portfolio, supported by sustained travel demand, new feeder markets, and property launches in Singapore, Japan, and Saudi Arabia. The company expects a further boost in Thailand tourism following the much-anticipated airing of the third season of the HBO series The White Lotus, which was filmed in Thailand – including at several properties owned or operated by Minor Hotels.

By the end of 2027, Minor Hotels aims to expand its worldwide portfolio to 850 properties.

InterContinental Hotels Group acquires Ruby

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IHG is targeting the Ruby brand to grow to more than 120 hotels over the next 10 years

InterContinental Hotels Group (IHG) has acquired from Ruby SARL the Ruby premium urban lifestyle hotel brand and related intellectual property for initial purchase consideration of 110.5 million euros (US$115.6 million).

IHG is targeting the Ruby brand to grow to more than 120 hotels over the next 10 years

The Ruby brand currently operates 20 hotels (3,483 rooms) in major cities across Europe and has another 10 pipeline hotels (2,235 rooms). It targets modern travellers and properties are present in must-visit city destinations. Hotel owners are provided with space-efficient designs and an attractive, flexible concept that IHG expects to rapidly expand globally.

Ruby will be IHG’s 20th brand.

Joining forces with IHG allows Ruby hotels to draw on a powerful enterprise platform of distribution and technology systems, as well as one of the world’s biggest and most powerful hotel loyalty programmes, IHG One Rewards.

IHG expects the urban micro sub-segment to continue experiencing strong demand from travellers around the world, and this in turn would support ongoing rooms supply growth at higher rates than the global hotel industry. IHG is targeting the Ruby brand to grow to more than 120 hotels over the next 10 years and accelerate to more than 250 over 20 years across owners globally.

Elie Maalouf, chief executive officer, IHG Hotels & Resorts, said:
“We are delighted with the acquisition of Ruby, which further enriches our portfolio with an exciting, distinct and high-quality offer for both guests and owners in popular city destinations. This acquisition demonstrates our focus on building our presence in large, attractive industry segments and using our experience of integrating and growing brands and hotel portfolios. The urban micro space is a franchise-friendly model with attractive owner economics, and we see excellent opportunities to not only expand Ruby’s strong European base but also rapidly take this exciting brand to the Americas and across Asia, as we have successfully done with previous brand acquisitions.”

Michael Struck, founder and CEO of The Ruby Group, added:
“We have carefully selected IHG as the right partner to take the Ruby brand and our international expansion to the next level. IHG’s distribution powerhouse, the fact that Ruby perfectly complements IHG’s portfolio, and its proven track record of successfully preserving identity and culture when integrating brands gives us great confidence as we embark on this next chapter together. Combining the global reach and resources of IHG with the efficiency advantages of our operational and construction model will drive superior returns for our investors and real-estate partners, alike. Also, the timing could not be better. Our unique solutions for efficient adaptive re-use of office space are in high demand, positioning us for strong growth.”

The integration of all 20 currently open Ruby hotels into IHG’s system is expected to commence later in 2025 and be completed by March 31, 2026. This would increase IHG’s global system size by approximately 0.3 per cent.

The current pipeline of 10 hotels when open would add approximately 0.2 per cent to IHG’s system.