These two new hotels opened in Hong Kong in Q3

A total of 766 rooms were added to the market.

In a report, JLL revealed that in the third quarter of 2025, two new hotels entered the Hong Kong market: the 274-room Motto by Hilton, which opened following a comprehensive renovation and rebranding, and the 492-room Kimpton Tsim Sha Tsui Hong Kong. Both properties represent new brands making their debut in Hong Kong.

“Several additional hotel openings are anticipated for the remainder of 2025, contributing a total of 823 rooms to the market. All properties are expected to be located in the Kowloon area and positioned within the limited-service segment. Supply for 2026 remains subdued, with the notable opening expected to be Andaz Hong Kong in Central district,” the report added.

Here’s more from JLL:

As of YTD September 2025, Hong Kong welcomed 33 million international visitors, marking a 12.4% y-o-y increase. Mainland China remains the dominant source market, representing 76.9% of total arrivals. Notably, emerging markets such as GCC countries have demonstrated significant growth momentum, with visitor numbers surging 76.9% compared to the same period last year.

In the first nine months of 2025, Hong Kong hotels recorded a 10.4% increase in RevPAR. This notable improvement was driven by strengthened occupancy rates, which rose 8.4 ppts y-o-y.

Market repricing spurs hotel deal flow

Four hotel deals were completed in Q3 2025, totalling just below USD 100 million in transaction volume for the quarter.

As the Hong Kong market undergoes a pricing adjustment, more transactions are expected to close before year-end 2025, leading to a total investment volume of USD 600 million and an average price per key of USD 245,000.

Outlook: Improving market dynamics and conversion opportunities fuel transaction activity

Tourist arrivals remain on a steady trajectory to reach 50 million by year-end, with hotel performance continuing to improve as several properties are removed from inventory for co-living and student housing conversions, while the limited development pipeline further supports operational gains.

Investment activity in the next 12 months is expected to intensify, driven by both improving performance fundamentals and attractive conversion opportunities, with additional large-scale events scheduled to further boost market dynamics.