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Over the last several years, new brands have been rolled out at a dizzying pace by the major franchise companies, all of whom are searching for any white space they can find to grow distribution and consumer loyalty.
CHICAGO—Hyatt Hotels Corporation announced growth in its select service pipeline, with an around 25 percent increase in the Americas over the past three years. As of June 30, 2024, this segment represents over 50 percent of Hyatt’s total pipeline in the Americas.
TYSONS, Virginia—Cvent announced that it has acquired Splash, an event marketing technology company. Splash’s platform allows marketers to create on-brand, measurable, and repeatable event programs that drive pipeline and sales.
Skift Take: CEO Elie Maalouf pointed to early results suggesting that IHG's recent marketing efforts and brand development work are leading to growth in a virtuous flywheel for the hotel group. Sean O'Neill Read the Complete Story On Skift
Hyatt Hotels Corporation (NYSE: H) announced significant growth in its select service pipeline, with a ~25% increase in the Americas over the past three years. As of June 30, 2024, this segment represents over 50% of Hyatt’s total pipeline in the Americas.
Hyatt’s commitment to be the preferred brand for guests, customers and owners has resulted in a record pipeline of 127,000 rooms worldwide as of year-end 2023, with key markets including Spain, the United Kingdom, Italy, Portugal, and Greece. This record pipeline represents nearly 40% of existing rooms in the Hyatt portfolio.
Hilton (NYSE: HLT) today announced an agreement with Adventurous Journeys Capital Partners (“AJ Capital”) to acquire the fan-favorite Graduate Hotels® brand, adding a significant growth opportunity for the global hospitality leader in the fast-growing lifestyle hotel market.
In total, Choice Hotels has four Everhome Suites open, 65 in the pipeline, over 20 under construction, and more than 15 expected to open within the next 12 months. As of the end of Q2 2024, Choice has nearly 400 hotels in the pipeline across four extended stay brands.
announced its plans to expand its portfolio in Poland with the expected addition of more than 10 properties in the next few years, including the debut of two brands - Le Méridien and Element Hotels by Westin - in the market. Marriott International, Inc.,
PARSIPPANY, New Jersey—Wyndham Hotels & Resorts announced the continued expansion of its ECHO Suites Extended Stay by Wyndham brand, which in just one year, now has more than 200 hotels in its development pipeline.
percent for the full year 2024, and over 577,000 rooms in the companys development pipeline at year-end. Marriott International, Inc. announced a year of global growth, with a record 123,000 gross rooms openings, net rooms growth of 6.8 Marriott continued to expand its product offerings across travel purposes and segments.
Marriott International’s presence in the Canadian market strengthened, as the company celebrated a 36 percent year over year increase in hotel-level leisure revenue in 2023.
IHG’s luxury and lifestyle portfolio InterContinental Hotels and Resorts has unveiled a global brand evolution that aims to reimagine the luxury travel experience. InterContinental Fiji Golf Resort and Spa “At its core, this brand evolution revolves around our exceptional team members globally.
MCLEAN, Virginia—Hilton announced plans to more than double its portfolio in Puerto Rico, a destination that represents Hilton’s largest collection of hotels in the Caribbean, with seven existing properties encompassing more than 2,350 rooms across four of Hilton’s brands.
SHANGHAI, China—IHG Hotels & Resorts recently announced Holiday Inn Express has surpassed 500 hotels in operation and pipeline in Greater China, marking a milestone for the upper midscale brand.
Hilton (NYSE: HLT) continued expanding at record-levels in the Caribbean and Latin America (CALA) in 2024, adding more hotels than ever to its portfolio, signing an unprecedented number of new deals across every segment, entering new markets, and launching new brands.
which is expected to add over 9,000 rooms to Marriott’s portfolio by year-end and approximately 1,500 rooms to its pipeline. Marriott International, Inc. announced a long-term licensing agreement with Sonder Holdings Inc.,
ATLANTA—Hilton announced the opening of the 976-room Signia by Hilton Atlanta, marking the first new build and Georgia hotel for the Signia by Hilton brand. Inclusive of the property’s debut, Atlanta represents Hilton’s largest market globally by number of hotels with a portfolio of 136 hotels across 13 brands.
BWH Hotels introduced its @HOME by Best Western brand in 2022 and has built a robust pipeline of more than 40 new-build hotels. With the growth of the extended stay segment into 2024, the industry is quickly responding to consumer demand.
Leading global hospitality company, Hilton (NYSE: HLT), achieved a year of exceptional growth in the Caribbean and Latin America (CALA), entering new markets and celebrating brand milestones in 2023. Hilton’s CALA portfolio is comprised of more than 220 hotels and over 40,000 rooms spanning 15 brands and 29 countries and territories.
This achievement underscores Choice’s rapid expansion and leadership in the economy and midscale extended stay market, powered by a playbook that helps drive revenue and lowers total cost of ownership with strategic new builds and targeted conversions that meet the increasing demand for accommodations of 7+ nights.
Radisson Hotel Group has established a strong market position in South East Asia and Pacific particularly in emerging cities and markets. What SEAP markets are a key focus for Radisson Hotel Group and why? We’ve also added local language capabilities and local management offices to better serve our owners in each market.
Hilton is gearing up to launch new brands into the region including urban micro-hotel brand Motto by Hilton, Hilton Area Vice President and Head of Australasia, Paul Hutton, told a small group of media at a roundtable on Thursday.
Construction Pipeline Trend Report released by Lodging Econometrics (LE) , LE analysts report that as a group, year-over-year the hotel construction pipeline has grown in the top 25 markets in the U.S. Year-over-year, the top 25 markets in the U.S., pipeline rose 20% by projects and 30% by rooms YOY.
Hyatt Hotels Corporation (NYSE: H) today announced that Hyatts current pipeline across Europe, Africa, and the Middle East (EAME) is set to expand its brand presence in 13 new markets where there are no Hyatt hotels currently between 2025 and 2028.
“We’re delighted to be bringing our Holiday Inn and Suites brand to the Sunshine Coast and thrilled to be partnering with Felix Capital on this exciting hotel in Caloundra,” said IHG Hotels and Resorts Director of Development, Australasia and Pacific, Cameron Burke. “As We are proud to be making our mark in Caloundra,” he said.
Hilton is acquiring popular United States brand Graduate Hotels from Adventurous Journeys Capital Partners for US$210 million and the global chain’s CEO Chris Nassetta says the acquisition provides a significant growth opportunity across the globe and could result in the opening of over 500 new properties.
Skift Take: Fairmont is a luxury brand that has been underperforming its potential in its development pipeline. Can a new CEO and management team with a new strategy improve things? Sean O'Neill Read the Complete Story On Skift
From International Luxury Travel Market (ILTM) Cannes, Marriott International, Inc. Featuring an unrivaled portfolio of luxury hotel brands, The Ritz-Carlton, St. announces its milestone 500th luxury hotel opening, bolstering its position as a leader in luxury.
TFE Hotels has signed a multi-property management agreement with New Zealand’s Heritage Hotels, which will see half of the Heritage portfolio refurbished and rebranded under the Adina and Rendezvous brands. TFE Hotels is set to establish a New Zealand Country Office in Auckland to support its growing presence in the market.
Increased interest from hotel owners in our brands has propelled our development pipeline to a record 243,000 rooms, marking an impressive 8 percent increase. Our strong balance sheet and […] The post Wyndham Hotels & Resorts Reports Q1 2024 Results appeared first on LODGING Magazine.
In line with Rotana’s target to strengthen its global footprint, the hospitality group announced several market entries this year. In the United Kingdom (UK), Rotana will launch two new properties under Centro, its affordable hotel and serviced apartment brand.
IHG Hotels and Resorts recently announced Holiday Inn Express has surpassed 500 hotels in operation and pipeline in Greater China, marking a significant milestone for the upper midscale brand.
Marriott International has marked another year of strong growth in the Asia Pacific excluding China (APEC) region, signing a record 109 deals across 11 markets, contributing 21,439 rooms to the region’s development pipeline, closing the year with 77,532 total rooms in the region’s year-end pipeline.
Accors luxury and lifestyle brands Sofitel, Sofitel Legend, MGallery and Emblems achieved record growth in 2024 with close to 90 hotels signed collectively. 2024 has been a milestone year for our brands, marking unprecedented development momentum, said Bailly.
Peak industry body Accommodation Australia (AA) has raised concerns over cuts to Victoria’s tourism marketing budget, saying the move will impact visitation to the state and ‘sends the wrong message’ to hotel investors. AA said that Visit Victoria typically receives AU$32.5 Budget reductions on this scale, with just $15.5m
The company’s development pipeline consists of nearly 2,000 hotels and approximately 243,000 rooms, an all-time record for the latter. Increased interest from hotel owners in our brands has propelled our development pipeline to a record 243,000 rooms, marking an impressive 8% increase. and growth of 14% internationally.
BWH Hotels is tapping into demand from price-conscious travellers with the signing of three new economy hotels, under SureStay Hotels branding, in Australasia. The brand has experience rapid growth across key markets globally, with BWH reporting that there are over 450 current properties accounting for 30,000+ rooms within the portfolio.
To accommodate demand, cities like Atlanta, Chicago, Dallas, Las Vegas, Los Angeles, Miami, New Orleans, New York City, Orlando and San Diego have an abundance of new hotel construction, renovation and brand conversion activity underway. Through Q3 2023, New York also has the most new construction starts of any market in the U.S.
Construction Pipeline Trend Report from Lodging Econometrics (LE), the market with the largest hotel construction pipeline by projects is Dallas with a record high count of 176 projects, accounting for 20,790 rooms. Combined, these three companies account for 67% of the projects and 64% of the rooms in the total pipeline.
In the newly created dual role, Svensson will take charge of operations at W Melbourne whilst also having oversight of all of Marriott’s luxury properties in Australia, including under the The Ritz-Carlton and W Hotel brands. How is the luxury hotel market evolving in Australia? What are guests demanding?
New Zealand hotelier Chris Dickinson has introduced a new luxury accommodation brand to the market with four Auckland properties slated to launch within the first half of 2025. We are excited to debut Luminous on Anzac in early 2025 and have a strong pipeline of three additional properties to be announced,” Dickinson said.
Hotel asset management firm Axsia HTL is predicting a drop off in hotel management agreements (HMAs) in 2024 and beyond as more owners opt in favour of franchise agreements, which are predominate in the US market. They realise they need the brand and distribution strength but also the autonomy to create and execute their own strategy.
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