Karl Lagerfield plans fashion hotel in Macau

10th Mar 2014
Karl Lagerfield plans fashion hotel in Macau

Chanel designer Karl Lagerfeld is planning to enter the hospitality industry following the signing of a deal to design a 270-room signature hotel in Macau.

The 270-room property is expected to open in 2017 in a 20-story tower, the Lisboa Palace, in the gambling enclave in southern China.

“An entire hotel designed by me. It’s the first time for me. I think the idea is great,” said Lagerfeld in a statement.

No financial details were revealed.

A number of other fashion designers have been putting their stamp on hotels around the world, including Versace and Bulgari, who recently opened signature hotels in Asia.

Asia remains a leading tourism destination, with international visitor arrivals into Asia and the Pacific continuing to grow.

Last year visitors increased by six per cent in June 2013.

South-east Asia saw a double-digit gain, but all sub-regions reported good percentage growth performances for the month.

Increasing numbers of mainland Chinese visitors played a major role in this exceptional performance in many destinations across the region.

North-east Asia saw a collective gain of five per cent in June 2013 year-on-year, with Japan reporting an inbound gain of 32 per cent.

Second in the growth line-up, Hong Kong SAR, Korea and Macau SAR showed double-digit growth rates of 16 per cent, 12 per cent and 10 per cent respectively.

Macau – the only place in China where gambling is legal – is estimated to have received $38bn in gambling revenue in 2012.


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