Covid19 hotel development analysis: Tauzia Hotel Management [Infographic]
For our latest exclusive, we leverage data from the TOPHOTELPROJECTS construction database to better understand how Tauzia Hotel Management’s (Tauzia Hotels’) development pipeline is holding up amid Covid19.
Tauzia Hotels, which has a portfolio of more than 130 properties in operation and various stages of development, with a significant presence across both Indonesia and Malaysia, has certainly faced severe challenges as a result of the spread of coronavirus.
Founded in 2001 and a member of The Ascott, a wholly owned subsidiary of Singapore-based real estate group CapitaLand, the Jakarta-headquartered hotel operator’s brands now include Préférence Hotels, Vertu Hotels, Harris Hotels, Fox Hotels, Yello Hotels and Pop! Hotels.
Tauzia Hotels’ development pipeline hasn’t stopped
According to information provided to TOPHOTELPROJECTS by the company, Tauzia Hotels currently has 63 projects in progress.
Of these, Harris Hotels and Yello Hotels are the most active brands with 19 projects each, followed by Pop! Hotels (12), Préférence Hotels (six), Fox Hotels (five) and Vertu Hotels (two):
How will Tauzia Hotels respond to coronavirus?
All the evidence points to the fact that Covid19 will be with us for some time to come, however, so it may be that Tauzia Hotels feels compelled to scrap or delay some of its projects further down the line if the situation across South-East Asia deteriorates.
However, hotel industry professionals may be heartened to know that – for now at least – the Indonesian hotel operator is continuing to progress almost all of its development pipeline.