Singapore: Frasers Hospitality says it is on track to meet its global target of 30,000 units with 49 property openings across Asia, Europe, Middle East and Africa by 2019.
The new properties include debuts into 21 new cities: Changsha,
Dalian, Nanchang, Tokyo, Gurgaon, Johor Bahru, Penang, Putrajaya,
Balikpapan, Yangon, Berlin, Hamburg, Stratford-upon-Avon, Malta,
Riyadh, Khobar, Dammam, Jeddah, Abuja, Lagos and Congo.
Choe Peng Sum, CEO of Frasers Hospitality, said: "Growth is very much on the agenda of Frasers Hospitality, and we will always be on the lookout for growth opportunities whether it be organically or through acquisition. Reaching the 30,000 unit growth mark in the next three years not only increases our portfolio by 30 per cent, but also strengthens our global footprint in line with our strategy of becoming a leading global hospitality group."
The opening of Fraser Suites Abuja in Nigeria later this year will mark Frasers Hospitality's venture into its fourth continent, Africa, which will be followed by further openings in Lagos and Congo, while China remains a key market for growth as Frasers enters three new emerging high-growth cities - Changsha, Dalian and Nanchang - as part of its plan to be strategically placed in the country's most thriving cities.
The 345-unit Modena by Fraser Changsha is due to open in 2016 and the 259-unit Fraser Suites Dalian Europark and 174-unit Fraser Place Nanchang by 2017. Also in the pipeline is Frasers Hospitality's first serviced residence in the city of Gurgaon in India with the opening of the 85-unit Fraser Place Gurgaon in 2016.
In the Middle East, Frasers Hospitality will double its portfolio to 10 properties with additions in Dubai, Doha and its first foray into Al Riyadh. In Europe, Frasers Hospitality will open its first properties in Berlin and Hamburg and add to its UK portfolio with two more properties under the Malmaison and Hotel du Vin brands.