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Posted: 13 Oct 2011 | 6:00 am
Bangkok's Red Planet Hotels now havev3,000 Tune branded rooms under development and construction in three Southeast Asian countries.
Over the past twelve months the surge has seen a 200% growth in projects being realized in the Philippines, Indonesia and Thailand.
Red Planet are a master franchise holder for the AirAsia spin-off Tunehotels.com budget chain.
Back of previous private fund placements of USD120 million the group is now looking at increasing its equity base by a further USD100 million within early next year.
Next on the horizon is China which certainly looks to be the golden goose given the sheer metrics of the market.
Current projects for Tune include:
Red Planet Hotels Opening Schedule
Country City Opening Date
Thailand Hat Yai December 2011
Philippines Angeles City February 2012
Thailand Pattaya February 2012
Philippines Cebu February 2012
Philippines Ermita, Manila March 2012
Indonesia Pasar Baru, Jakarta March 2012
Philippines Makati, Manila April 2012
Indonesia Pekanbaru May 2012
Indonesia Makassar June 2012
Thailand Asoke, Bangkok July 2012
Indonesia Surabaya September 2012
Thailand Patong, Phuket October 2012
Philippines Cagayan De Oro October 2012
Indonesia Palembang November 2012
Philippines Ortigas, Manila December 2012
Philippines Davao February 2013
Indonesia Bekasi, Jakarta March 2013
A column featuring environmental issues and conservation around the island. Click here for more Green Reports check out the latest story from the leading experts:
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