Frasers Hospitality has a global target of 30,000 units by 2019, with openings in Asia, Europe, the Middle East and Africa.
Of the 49 new properties in Fraser Hospitality’s pipeline, 10 new properties will open in Dubai, Doha and Riyadh, according to Business Traveller.
Additional key destinations include Tokyo, Yangon, Stratford-upon-Avon, Riyadh, Lagos and Dammam.
Commenting on the group’s growth, chief executive officer Choe Peng Sum 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%, but also strengthens our global footprint in line with out strategy of becoming a leading global hospitality group.”
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Fraser Suites Abuja in Nigeria will be the group’s first foray into Africa, opening later in 2016, followed by new properties in Lagos and Congo.
The hospitality group is also expanding in China in high-growth cities Changsha, Dalian and Nanchang, where openings are projected later this year and in 2017.
Including those in the pipeline, the group’s global portfolio now has 140 properties in 77 cities.
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