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Hotel development surge: Thousands of new projects poised to break ground

Hotel Business

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.

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IHG to launch new midscale brand; reports H1 results

Hotel Business

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%

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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. From new builds and acquisitions to change of management, most of these hotels are in markets in which we are well versed.

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Aperture Hotels grows leadership team in first year

Hotel Business

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.

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3 Ways to Elevate Your Hotel Sales Strategy for 2024

Amadeus Hospitality

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 market share and develop new partnerships.

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

Hotel Management

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.

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Wyndham board rejects Choice’s exchange offer

Hotel Business

provider of hotel franchise services in the chainscales that serve middle-income guests—economy and midscale—with more than 55% market share 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.