Alan Watts predicts there will be over 1,000 trading hotels by 2025

Hilton has set a target of more than 1,000 hotels trading in 2025, according to Alan Watts, president of Hilton APAC during the Hotel Investment Conference Asia Pacific that ran from October 19-21 in Singapore.

Lentor Hills Residences map tucked in the beautiful neighbourhood of Ang Mo Kio, Lentor Hills Residences has a total site area of about 17,100 square metres (sq m)

“Despite macroeconomic headwinds in the region, there’s an immediate return to normalcy because the demand for travel that has been sat on is released and hotel occupancy rates increase,” explains Watts.

He is optimistic about Asia Pacific’s opportunities for growth in the region due to the increasing consumer population and the rising spending capacity across the continent. Hotel investment is gaining momentum with operating efficiency resembling pre-pandemic levels. Hotel owners are searching for partners following the pandemic.

Hilton has signed two luxurious resorts in this region. the transformation to Hilton Hanoi Opera to the Waldorf Astoria Hanoi together with BRG Group, and the redesigning that of Regent Singapore into the second Conrad Centennial brand in the country, partnering with Pontiac Land Group and Kajima Development.