Fraser's Modena brand opens 325-Key property in Shenzhen
Housed in the distinctive Shennan 1001, a landmark development in Shenzhen designed by London-based PLP Architecture, the tower's spiral façade draws inspiration from traditional Chinese scroll paintings, creating a poetic silhouette on the city skyline.
The city's first Modena by Fraser property offers direct connectivity to Hong Kong and is mere minutes away from the Luohu, Wenjindu, and Liantang border crossings, and a short drive to Luohu Port. It is also conveniently connected to the Shenzhen Metro via Lines 2, 5, and 8.
Among the lifestyle amenities are a pickleball court, alongside a gym, yoga studio, relaxation lounge, lobby café, and outdoor barbecue area — all designed to support active living and foster a connected community. With its vibrant setting, thoughtful design, and our award-winning service, Modena by Fraser Shenzhen presents a fresh option for cross-border professionals and leisure travellers alike.
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Hospitality Net
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- Hospitality Net
European Tourism Holds Steady in Q2 2025, Driven by Resilient Consumer Demand and Global Interest
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Elevated travel-related prices are likely to weigh on consumers' willingness to spend, but research also shows that overall travel expenditure is expected to be 13% higher in 2025 than in 2024. As more travellers are looking for value for money, lesser-known destinations with competitive prices might benefit, reducing overcrowding pressure in tourist hotspots. Commenting on the report, ETC President Miguel Sanz said: The past months have brought new challenges to the tourism sector — rising economic pressures, shifting geopolitics, and growing concerns over unbalanced tourism in some tourism hotspots. Yet Europe's destinations continue to show remarkable resilience. To sustain this momentum, we must double down on innovation and invest in more sustainable, inclusive models of tourism that respond to locals' needs and visitors' expectations. Sun and beach holidays drive off-season demand Searches for spring getaways increased by 36% year-on-year among European travellers [1], indicating growing demand for off-season travel, with most seeking sun and beach destinations. While the shift of Easter to late April contributed to this rise, the trend also reflects changing traveller preferences — particularly the desire to avoid peak heat and overcrowding during the summer months. Malta saw a 19% increase in arrivals, supported by enhanced connectivity, while Cyprus posted a 16% rise, driven by its favourable location and year-round appeal — both destinations growing from a lower base. Larger summer destinations such as Spain (+7%) and Portugal (+3%) also benefited from this trend. Central Eastern European destinations, including Latvia (+16%), Lithuania (+15%), and Hungary (+14%), also noted strong year-on-year increases in arrivals, likely due to increased connectivity. 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Overall, tourist spending across Europe is expected to rise by approximately 13% compared to 2024, with growth outpacing arrivals and indicating a higher average spend per trip. Long-haul travel shows resilience, despite global uncertainty Travel from the US to Europe remains higher than in 2024 across most reporting destinations, despite concerns about transatlantic demand. Year-on-year growth in overnight stays is particularly notable in the Nordics, with nights up 35% in Norway and 24% in Denmark. Southern European destinations have also seen solid gains in US arrivals, including Croatia (+18%), Montenegro (+17%), and Greece (+16%). Moreover, the economic uncertainty has likely contributed to reduced airfares on several routes — including those between the US and Spain, Italy, and the UK — which may support continued growth in American travel to Europe this summer. Travel from China is showing stronger signs of recovery in 2025, with all reporting destinations recording increases in nights or arrivals compared to the same period in 2024. Demand for smaller destinations such as Croatia (+7%), Estonia (+15%), and Romania (+20%) has picked up in Q2, while recovery for larger destinations remains ongoing and is expected to improve further with enhanced air connectivity from Chinese cities to Paris and Madrid. The return of Chinese visitors to Europe is expected to continue, supported by rising incomes, better flight connectivity, and favourable travel policies. This trend may also be reinforced by a reluctance among Chinese travellers to visit the US in 2025, due to geopolitical tensions, increased visa scrutiny, and broader security concerns. [1] ForwardKeys, link Full report can be downloaded here. About European Travel Commission Established in 1948, the European Travel Commission is a unique association in the travel sector, representing the National Tourism Organisations of the countries of Europe. Its mission is to strengthen the sustainable development of Europe as a tourist destination. In the last several decades, ETC has positioned itself at the forefront of the European tourism scene, establishing its expertise and building up partnerships in areas of tourism, based on promotion, market intelligence and best practice sharing. View source
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Hospitality Net
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Ascott Grows The Crest Collection in East Asia and the Middle East, Extending the Brand's Heritage-Inspired Luxury Beyond Europe and Southeast Asia
Added new locations in Japan, China, the UAE and Saudi Arabia, including the brand's first resort La Clef Bangkok by The Crest Collection is set to open soon, bringing the brand's number of operating properties in Southeast Asia to four Launches The Crest Chronicles, the inaugural brand programme celebrating the unique heritage stories that define each property and enrich guest experiences Singapore – The Ascott Limited (Ascott), the wholly owned lodging business unit of CapitaLand Investment (CLI), is accelerating the global expansion of its European-born luxury brand, The Crest Collection, in response to growing demand from luxury travellers for distinctive, heritage-rich stays. Over the past six months, the brand has gained strong momentum across East Asia and the Middle East, adding over 1,200 units from four new signings and one opening. The portfolio now comprises 16 properties with over 2,700 units, both operational and in the pipeline, across 11 countries and 13 cities. As a key brand within the Ascott Star Rewards (ASR) programme, The Crest Collection enhances the diversity of the ASR portfolio, offering members a broader range of luxury options and more opportunities to experience heritage-inspired stays around the world. Among the newest additions in East Asia is SEN/KA TOKYO by The Crest Collection, set to open in the second half of 2029, marking the brand's debut in Japan. Also contributing to growth in the region are two developments in China: Hong Yuan Hotel by The Crest Collection, which opened in Haikou, Hainan Province, at the end of last year, and a property slated to open by mid-2026 in Wuhan's Donghu New Technology Development Zone, commonly known as Optics Valley. In the Middle East, Al Mahra Resort by The Crest Collection – the brand's first resort and its debut in the United Arab Emirates – will open in early 2027, to be followed by the brand's first property in Saudi Arabia, opening in Riyadh in 2028. Opening in the second half of 2029, SEN/KA TOKYO by The Crest Collection will mark the luxury brand's debut in Japan. — Photo by The Ascott Limited The property's lounge offers sweeping views of the Nihonbashi River, giving guests a unique chance to savour special moments in the heart of Tokyo. — Photo by The Ascott Limited The luxury hotel-in-residence with 92 units incorporates elements of kimono culture, tradition and craftsmanship into its design and stay experience. — Photo by The Ascott Limited This expansion into East Asia and the Middle East builds on the brand's growing traction in Southeast Asia. La Clef Bangkok by The Crest Collection, set to open in mid-2025, will become the brand's fourth property in the region, following the 2023 debut of The Grand Mansion Menteng by The Crest Collection in Indonesia, The George Penang by The Crest Collection in Malaysia and The Robertson House by The Crest Collection in Singapore. Meanwhile, the brand's seven other operational and pipeline properties are located across Europe, where The Crest Collection was first established in 2016. Interest in luxury stays continues to rise in Asia and the Middle East, driven by travellers seeking meaningful connections to the region's rich culture and heritage. The Crest Collection meets this aspiration with its 'A Story Behind Every Door' brand promise, delivering culturally immersive experiences enriched by each property's distinctive identity, while enabling owners to tap into the strength of Ascott's global commercial ecosystem. Supported by our flex-hybrid model and multi-typology brand strategy, The Crest Collection is highly conversion-friendly, adapting seamlessly across serviced residences, hotels, resorts and other accommodation types. While recent signings highlight new builds such as the brand's first resort, its adaptability also makes it ideal for property conversions that enable swift time-to-market. By tailoring solutions to the unique demands of each location, our market-driven approach empowers us to respond to evolving traveller expectations with agility and deliver sustained value for owners. Ms Serena Lim, Chief Growth Officer, Ascott The luxury travel sector is projected to grow from US$1.4 trillion in 2024 to US$2.2 trillion by 2030, driven not just by affluence among the wealthy but also by younger travellers who are willing to pay top dollar for meaningful experiences [1] With luxury travellers drawn to destinations that excite, along with surprising environments and experiences that speak to their individuality [2], it is clear that the true essence of luxury lies in celebrating unique stories rather than uniformity. Curating experiences that resonate with the expectations of the most discerning travellers has become the currency of modern luxury. Our most affluent guests are seeking emotional connection, personal transformation and cultural resonance. By integrating heritage narratives with thoughtfully curated hospitality, The Crest Collection offers our guests a luxurious and storied experience rooted in the unique identity of each property and its locale. Defined not only by what is provided, but by what is remembered, every stay at a Crest Collection property reflects Ascott's boutique lens on luxury – one that nurtures individuality and crafts hyper-localised, distinctive experiences that engage all the senses. This approach allows us to offer timeless sophistication, elevated by bespoke touches that reflect the spirit of each destination. As The Crest Collection expands from Europe to Asia and the Middle East, we remain dedicated to redefining modern luxury through evocative, story-driven experiences that deliver meaningful moments with purpose and creativity. Ms Tan Bee Leng, Chief Commercial Officer, Ascott Distinctive Heritage Stories Shape The Crest Collection's Luxury Expansion With every addition, The Crest Collection reinforces its vision of heritage-inspired hospitality. Each property brings local culture to life through design, storytelling and immersive guest experiences. La Clef Bangkok by The Crest Collection, opening in mid-2025, is situated near Thong Lo BTS station on the historically significant Sukhumvit Soi 38. The 115-unit luxury serviced residence artfully blends French Art de Vivre with cherished Thai heritage, offering a range of premium amenities including a luxurious swimming pool, rejuvenating onsen, inviting residents' lounge and state-of-the-art fitness centre. Beyond easy access to upscale shopping destinations, vibrant entertainment venues and top-tier medical facilities, guests can look forward to a refined selection of studios and one- to two-bedroom apartments, each thoughtfully designed to embody the timeless elegance and rich legacy of its distinguished location. The upcoming SEN/KA TOKYO by The Crest Collection is part of the landmark Yaesu 1-Chome North District Type 1 Urban Redevelopment Project, located near Tokyo Station in the Yaesu district. The property's name pays tribute to its location, historically known as Gofuku-cho (Kimono Fabric Town) during the Edo period, once home to prestigious kimono fabric shops patronised by the shogunate and the Imperial Household. The district's rich heritage of delicate artistry and craftsmanship will be brought to life through the design and storytelling of this luxury hotel-in-residence, which features 92 guestrooms designed for both short and extended stays. Hong Yuan Hotel by The Crest Collection, which opened late last year in Haikou, China, draws inspiration from the city's historic role as a key gateway on the ancient Maritime Silk Road. Located in the Jiangdong New District of the Hainan Free Trade Port, the 261-key hotel blends Song Dynasty aesthetics with modern luxury. Guests are immersed in a richly storied environment – from copper screen partitions in the lobby and architecture echoing Song-era design, to Chinese paintings depicting maritime trade scenes in the restaurant, all reflecting Haikou's historic role as a hub of global cultural and commercial exchange. The upcoming property in Wuhan's Optics Valley will further grow The Crest Collection's presence in China, offering a narrative rooted in the city's academic and innovation heritage at the heart of a national high-tech development zone. Al Mahra Resort by The Crest Collection located on Marjan Island, Ras Al Khaimah, takes its name from the Arabic word 'mahra', referring to a young female horse – a symbol of youthful grace, strength and noble spirit in Bedouin heritage. Reflecting these qualities, the 539-key beachfront resort will blend Arabian heritage with contemporary design, offering guests an experience rooted in the UAE's rich equestrian and cultural legacy. The Crest Collection will also make its debut in Saudi Arabia when it opens in Riyadh, offering bespoke hospitality in the Kingdom's capital with a stay experience inspired by local culture. Strategically located on King Fahd Road and surrounded by key commercial and lifestyle hubs, the property will house a selection of accommodation options spanning elegant hotel rooms, serviced apartments, and suites, catering to both leisure and business travellers. Guests can expect access to an array of premium amenities, including specialty dining restaurants, a signature 'Reading Room' lounge and café, and comprehensive wellness facilities featuring a pool, gym, and treatment rooms. The property will also offer state-of-the-art meeting and multi-functional spaces. Opening mid-2025, La Clef Bangkok by The Crest Collection is located near the Thong Lo BTS station on the historically significant Sukhumvit Soi 38. — Photo by The Ascott Limited Each unit boasts spacious layouts, modern amenities and refined décor, offering a serene retreat amid the vibrant energy of Bangkok. — Photo by The Ascott Limited The Crest Chronicles: Showcasing Heritage and Hospitality at The Crest Collection Through a carefully curated series of activations spanning gastronomy, literature, architecture, art and performance, The Crest Chronicles brand programme brings heritage stories to life at each property within The Crest Collection. From culinary events that evoke the flavours of the past to literary legacies that immerse guests in historic narratives, this programme reveals the stories behind every door. In Paris, France, La Clef Champs-Élysées Paris by The Crest Collection, the flagship property that launched the brand, has hosted Cognac Heritage Tastings featuring three exceptional eaux-de-vie – Hennessy, A.E. Dor and Koya – offering guests a unique journey through fine cognacs and brandies inspired by the heritage of the former Hennessy family mansion, now home to the hotel. Meanwhile, history enthusiasts can explore the 1889 Exposition Universelle through a Literary Display opening mid-June in the lobby of La Clef Tour Eiffel Paris by The Crest Collection. At Hong Yuan Hotel by The Crest Collection in Haikou, China, guests can immerse themselves in the cultural richness of the Song Dynasty, the hotel's key design inspiration. Titled 'The Four Refinements of the Song Dynasty', year-round activities include tea tastings, floral arrangement workshops, incense crafting, art appreciation and guqin performances. Complementing these experiences, a thoughtfully curated culinary menu inspired by the 24 solar terms of Chinese culture promotes health, relaxation and seasonal nourishment. Hong Yuan Hotel by The Crest Collection draws inspiration from Haikou's historic role as a key gateway on the ancient Maritime Silk Road. — Photo by The Ascott Limited Each of the 261 units blends design inspirations from the Song Dynasty with luxury, creating a space that has both historical depth and modern comfort. — Photo by The Ascott Limited Guests can enjoy experiential activities, such as tea tastings, floral arrangement workshops, incense crafting, art appreciation and guqin performances. — Photo by The Ascott Limited Starting early June in Singapore, cocktail aficionados can toast to the rich history of The Robertson House by The Crest Collection through a series of cocktail workshops that tell the story of the locale with expertly crafted spirits. Discover more about The Crest Chronicles at [1] Source: McKinsey, "Updating perceptions about today's luxury traveller", 29 May 2024. [2] Source: Globetrender, "Report finds majority of luxury hotels have 'lost their soul'", 27 May 2025. About The Ascott Limited Since pioneering Asia Pacific's first international-class serviced residence with the opening of The Ascott Singapore in 1984, Ascott has grown to be a trusted hospitality company with more than 940 properties globally. Headquartered in Singapore, Ascott's presence extends across more than 220 cities in over 40 countries in Asia Pacific, Central Asia, Europe, the Middle East, Africa, and the USA. Ascott's diversified accommodation offerings span serviced residences, co-living properties, hotels and independent senior living apartments, as well as student accommodation and rental housing. Its award-winning hospitality brands include Ascott, Citadines, lyf, Oakwood, Quest, Somerset, The Crest Collection, The Unlimited Collection, Preference, Fox, Harris, POP!, Vertu and Yello; and it has a brand partnership with Domitys. Through Ascott Star Rewards (ASR), Ascott's loyalty programme, members enjoy exclusive privileges and offers at participating properties. A wholly owned business unit of CapitaLand Investment Limited, Ascott is a leading vertically-integrated lodging operator. Harnessing its extensive network of third-party owners and in-market expertise, Ascott grows fee-related earnings through its hospitality management and investment management capabilities. Ascott also expands its funds under management by growing its sponsored CapitaLand Ascott Trust and private funds. For more information on Ascott's industry record of 40 years and its sustainability programme, please visit Connect with us on Facebook, Instagram, TikTok and LinkedIn. Headquartered and listed in Singapore, CapitaLand Investment Limited (CLI) is a leading global real estate investment manager (REIM) with a strong Asia foothold. As at 30 September 2023, CLI had S$133 billion of real estate assets under management, and S$90 billion of real estate funds under management (FUM) held via six listed real estate investment trusts and business trusts, and more than 30 private vehicles across Asia Pacific, Europe and USA. Its diversified real estate asset classes cover retail, office, lodging, business parks, industrial, logistics and data centres. CLI aims to scale its FUM and fee-related earnings through fund management, lodging management and its full stack of operating capabilities, and maintain effective capital management. As the investment management arm of CapitaLand Group, CLI has access to the development capabilities of and pipeline investment opportunities from CapitaLand's development arm. As a responsible company, CLI places sustainability at the core of what it does and has committed to achieve Net Zero carbon emissions for scope 1 and 2 by 2050. CLI contributes to the environmental and social well-being of the communities where it operates, as it delivers long-term economic value to its stakeholders. Visit for more information. View source
