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The African Hotel Chain Development Pipeline Report, the most trusted industry source, shows that Egypt holds a 28% marketshare, with the Big 5 hotel groups responsible for 71% of the pipeline across the continent.
This year’s African Hotel Chain Development Pipeline report, widely acknowledged as the industry’s most authoritative source, documenting and analysing the number of hotels being planned and built across the continent, reports a marketshare of 28% for Egypt and 71% for the Big 5 global chains.
Hotel Construction Pipeline Trend Report paints a picture of robust growth and strategic focus. The widespread distribution of these projects across numerous markets, coupled with the strong presence of established brands, suggests a confident outlook for the hospitality industry. Lodging Econometrics’ (LE) Q2 2024 U.S.
30, reported a record-high development pipeline of 1,930 hotels. Our economy brands gained marketshare domestically amidst a backdrop of normalizing U.S. Adjusted EBITDA increased 5% to $200 million primarily reflecting higher fee-related and other revenues as well as marketing fund variability. The company’s U.S.
The latest signings will see a new market entry in Gambia and the introduction of the first Radisson Collection in Nigeria and Egypt, the first Radisson RED hotel in Nigeria, and the introduction of the Radisson brand to Kenya.
Bagley brings nearly 20 years of experience in the tourism and hospitality industry, spanning business development, product development, and B2B marketing. At Kelsian Group, he played a key role in tourism product development understanding customer needs and developing market-driven products.
Outrigger Resorts and Hotels is looking forward “ with eyes wide open ” , according to President and CEO, Jeff Wagoner, with the business vigilant in its efforts to retain and build marketshare. Here, Wagoner discusses the obstacles and opportunities ahead.
Travel demand is very healthy, with RevPAR improving year-on-year across all our markets and exceeding 2019 pre-pandemic peaks for four consecutive quarters. market alone. Brand highlights Luxury & Lifestyle IHG is successfully driving growth and marketshare in the higher fee per key Luxury & Lifestyle segment.
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.
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.
Wyndham Hotels & Resorts has appointed Amit Sripathi as chief development officer, replacing Chip Ohlsson , who will depart the company in June. Together with the best franchise sales team Wyndham has ever assembled, we will help even more owners discover the power of partnering with Wyndham and experiencing our Owner-First approach.”
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.
By leveraging proprietary data along with insights from Amadeus’ partner network, customers – including many prominent hospitality brands in major markets such as the H-Hotels group – are able to make better informed decisions and drive better performance. The H2 Hotel in Vienna will follow in March 2024.
Read Tonys article.recently published in Bank Insurance & Securities Marketing Magazine! sales pipeline (1). Questions about profit, shareholder value, market value and marketshare are the things that presidents concern themselves with not how many power units does the company have. Tony Cole on TV.
Our rate of materialization and openings is a testament not only to the quality of our pipeline but also reflects our conversion strategy in repositioning existing hotels under one of our brands. The post Radisson reports strong growth across brands appeared first on hotelbusiness.com.
Based on its current pipeline, HVMG anticipates that its accelerated growth trajectory will continue. It has grown consolidated marketshare in seven of the past eight years. She provides oversight for accounting & finance, human resources & talent and corporate public relations & marketing communications.
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.
Partner with a technology provider that offers both historical and forward-looking insights so you can better understand what’s coming into your market, and how your performance stacks up against your competitive set. Highlighted as a Skift ‘Megatrend’ this year, the blended travel market hit $497.5
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.
Ryan Embree: Welcome to Suite Spot, where hoteliers check in, and we check out what’s trending in hotel marketing. I moved to the client side, marketing teams first at Walt Disney World, and then with a vacation ownership company also here in Orlando. Before republishing quotes, we ask that you reference the audio. I love my job.
Ryan Embree: Welcome to Suite Spot, where hoteliers check in, and we check out what’s trending in hotel marketing. Years went by and when I graduated from college, I actually started my career in consumer product brand management and marketing. Before republishing quotes, we ask that you reference the audio.
We awarded 10% more franchise contracts domestically this quarter, driving 5% growth in our development pipeline. which increased 10% YOY Development pipeline grew 1% sequentially and 5% YOY to a record 248,000 rooms Ancillary revenues increased 8% compared to third-quarter 2023. Key highlights include: 7% growth in the U.S.
By Nicole Di Tomasso According to Avison Young’s Canada Hotel Market Report, Canada’s hotel industry demonstrated a strong recovery in 2023, surpassing pre-pandemic levels in key performance indicators (KPIs) such as Average Daily Rate (ADR), Revenue Per Available Room (RevPAR) and occupancy.
All to say that the pipeline for our future female CEOs and business owners is in urgent need of a great deal of work.” This quartet of leaders shared their stories of resilience and triumph and addressed pressing issues such as gender equality, workplace diversity and women’s leadership.
BWH Hotels operates 10 hotels in the region, and a growing pipeline of properties, under 19 brands. Isha Toora Sadiyya Ismail has been appointed Group Revenue Manager, overseeing performance and grow marketshare and revenue across the entire Capstone portfolio. I have no doubt under his leadership the company will prosper.”
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