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Hotel Construction Pipeline Trend Report paints a picture of robust growth and strategic focus. Combined, these two stages account for 81% of the projects (or 4,924 projects of the 6,095 projects) in the total construction pipeline and 80% of the rooms (or 565,540 rooms of the 713,151 rooms) in the total construction pipeline.
Conversions represent a major growth opportunity for us, generating around 40% of first-half openings and signings globally, and we see an increasing desire from owners to quickly realize the benefits of IHG’s scale and strong enterprise. and now has 25 open and pipeline properties globally. YOY; net system size growth of +4.8%
HVMG outpaced the industry in RevPAR growth during 2022, as same-store marketshare grew 6.9%, capping off the company’s eighth straight year of positive consolidated Index growth, the company reports. From new builds and acquisitions to change of management, most of these hotels are in markets in which we are well versed.
The appointment coincides with a focus on luxury expansion for Marriott, particularly in the Asia Pacific, a region that accounts for a third of Marriott International’s luxury hotels and over half of Marriott’s global pipeline.
Our pipeline remains robust, and we are on track to announce another new deal in the next few days.” “We have enjoyed strong, steady growth over the past 12 months and plan to continue this trajectory moving forward,” said Charles Oswald, president/CEO, Aperture Hotels.
In addition to protecting existing corporate business, using a business intelligence tool like Amadeus’ Agency360+ will help you identify other companies booking into your market and competitive set, so you can strategically target them to shift marketshare and develop new partnerships.
provider of hotel franchise services in the chainscales that serve middle-income guests—economy and midscale—with more than 55% marketshare in each, resulting in significant uncertainty as to whether the FTC or courts would ever clear the transaction. Choice’s offer would create the largest U.S. trillion Infrastructure bill.
And as time went on, Hampton was actually able to move up market and eventually created what we now call the upper mid-scale category. But what’s interesting is that loyalty and that desire, or the willingness to pay more for great quality then has driven really great marketshare and RevPAR premiums.
You mentioned some of the markets that you’re getting into as you look across the industry. Do you think there is more room to increase marketshare in any particular segment right now and how that has evolved during the tenure at Embassy Suites? And you don’t see it at scale in other brands.
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