Remove Market Share Remove Operations Remove Pipeline
article thumbnail

Wyndham reports record-high pipeline

Hotel Business

30, reported a record-high development pipeline of 1,930 hotels. Our economy brands gained market share domestically amidst a backdrop of normalizing U.S. economy brands gained market share of 100 basis points in the third quarter. Approximately 69% of the pipeline is in the midscale and above segments.

article thumbnail

Radisson Hotel Group grows presence in Africa with seven signings

Hotel Management

Speaking at the Africa Hotel Investment Forum in Nairobi, Radisson Hotel Group Vice President, Development, Africa and Turkey, Ramsay Rankoussi, said the materialisation of pipeline into openings is a strong indication of the company’s growth. “We

Pipeline 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

PCH opens third-party management to additional groups

Hotel Business

“Historically, we have provided third-party hotel operations services for a select group of hoteliers, but as the market continues to rebound post-pandemic, we believe now is the time to begin offering our services to a larger pool,” said Jim Buckalew, chairman/CEO, PCH Hotels & Resorts.

article thumbnail

IHG to launch new midscale brand; reports H1 results

Hotel Business

YOY Opened 21,000 rooms (108 hotels) in H1, +40% more than H1 2022; global estate now at 925,000 rooms (6,227 hotels) Signed 34,200 rooms (239 hotels) in H1, +11% more than H1 2022; global pipeline now at 286k rooms (1,931 hotels), +2.9% pts lower vs. 2019 Gross system growth +6.3% YOY; net system size growth of +4.8%

article thumbnail

Key appointments: BWH Hotels, Capstone Hotel Management

Hotel Management

BWH Hotels operates 10 hotels in the region, and a growing pipeline of properties, under 19 brands. President of WorldHotels and International Operations for BWH Hotels, Ron Pohl, welcomed Dong to the new position. “I have no doubt under his leadership the company will prosper.”

article thumbnail

Key appointments: Marriott, Hilton, Pro-invest and more

Hotel Management

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. Neerav Gorasia has been promoted to Director Hotel Performance for Pro-invest Hotels.

article thumbnail

HVMG reports record 2022 results

Hotel Business

HVMG outpaced the industry in RevPAR growth during 2022, as same-store market share grew 6.9%, capping off the company’s eighth straight year of positive consolidated Index growth, the company reports. That outperformance has continued into 2023 with same-store RevPAR growth forecasted to increase 30% over 2022 in the first quarter.