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Sep
06

Hotel construction boom in the Middle Kingdom

China looking at more than 400 new top hotels

China’s hotel market continues to boom. Around 400 premium category hotel projects (four stars and more) featuring upwards of 119,000 guestrooms are either under development or construction, representing total investment of more than EUR 20 billion.

The biggest hotel buildings are currently rising in ‘Asia’s Las Vegas’, Macau, where the Sheraton on Cotai Strip will encompass 4,000 rooms, the Holiday Inn 1,224 and the St. Regis 889. This is the outcome of a survey by http://www.tophotelprojetcs.com, an international information service provider for hotel projects and chain hotels worldwide. One of the ambitious hotel projects by Hilton Worldwide and Las Vegas Sands is the 636-room Conrad Macau. The premium hostelry is scheduled to open early in 2012 at a total cost of approximately USD 2.4 billion on Cotai Strip alongside the 3,000-suite Venetian Macao Resort, which has been in operation for four years.

Going forward Las Vegas Sands plans to provide altogether 20,000 hotel rooms in Macau and has high hopes of a three million square metre shopping centre alongside the hotels. The projected conference centre alone will extend over an area of some 2.5 million square metres. On the famous Cotai Strip prestigious hotel brands such as Four Seasons, Sheraton, St. Regis, Shangri-La, Traders, Conrad, Fairmont, Raffles, Swiss Hotel, InterContinental and Holiday Inn will be trying their luck.