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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.
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.
With recent openings in Paris, Cape Town, Dallas, Osaka, Costa Rica, Jordan, and more, Hilton’s luxury and lifestyle brands have opened their 1,000th hotel globally. The post Major milestone: Hilton’s luxury and lifestyle brands reach 1000th hotel globally appeared first on Hotel Management.
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.
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.
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.
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
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.
With a new focus on global market diversification, the three-year pipeline over 285 new hotels and almost 47,000 keys will see the addition of more than 100 properties in Asia, more than 60 in the Middle East and Africa, and 40 in Australia and New Zealand.
Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE) finds that, at the close of the first quarter of 2025, the top five markets with the largest hotel construction pipelines are led by Dallas with 203 projects/24,496 rooms, a new all-time-high room total representing 9% project and 11% room growth year-over-year (YOY).
I am excited to return to the Accor family and work with these much-loved brands, said Fraser. Joining the Sofitel, Sofitel Legend, MGallery, and Emblems brands gives me the opportunity to bring this experience to some of the Pacifics most iconic luxury properties.
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.
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.
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.
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.
IHG is set to introduce its fastest growing premium brand, Voco, to the Northern Territory for the first time under a partnership with JH Group. Were thrilled to welcome John Halikos and the JH Group to our IHG community, as together we bring the Voco hotels brand to Darwin, he said.
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.
The brands current pipeline includes three under-construction hotels totalling over 600 rooms that are anticipated to open by mid-2026, with the prospect of significant additional growth across Marriotts global regions over the next decade. Europe, and Asia Pacific, including gateway cities like New York, London, Paris, and Rome.
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.
Bagley joins from Choice Hotels Asia-Pac, where he recently served as Franchise Development Manager, successfully expanding the brands portfolio and contributing to significant revenue growth. At Kelsian Group, he played a key role in tourism product development understanding customer needs and developing market-driven products.
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.
The company also announced that it has acquired the Ruby brand and related intellectual property from Ruby SARL for an initial purchase consideration of approximately $116 million. IHG expects to expand the brand globally, including the Americas. RevPAR up 1.7% for the year, accelerating from 0.6% in the first half to 2.6%
Marriott International has reached an agreement to acquire the lifestyle, select-service brand citizenM. At closing of the transaction, Marriott will pay $355 million to acquire the brand and related intellectual property. “I envisage this relationship will greatly enhance citizenM’s global reach and brand impact. .
IHG Hotels and Resorts is set to introduce its Voco hotel brand to the Sunshine Coast under an agreement with Sydney-based developer Felix Capital, as the region gears up for the arrival of the 2032 Olympic and Paralympic Games.
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
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.
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.
The latest signings add over 560 rooms to Hiltons South East Asia portfolio, joining a pipeline of 28 mid-market openings in the coming years. Hilton plans to more than triple its focused service footprint in the region in the coming years, with a focus on Hilton Garden Inn as well as other mid-marketbranded hotels, from 12 to 40.
The brand continues to deliver unique, authentic stay experiences across new destinations worldwide. She later brought her expertise to Hiltons supply management, leading strategic initiatives that enhanced brand engagement, responsible sourcing, and marketing efforts.
“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.
Marriott International has announced the global launch of its new collection brand for the midscale and upscale lodging segments, Series by Marriott, as the company continues to expand its lodging offerings around the world. This deal will help meaningfully expand Marriotts leading position in India, a key market for the company.
Brands are always looking for new ways to create leads and close sales. Let’s dive into why they’re so helpful, select the best for your brand, and build long-term partnerships that provide continuous results. This can also further increase a brand’s reach without always having to blow the budget.
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.
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.
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.
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.
OTAs increase their bids on branded searches when they know they can offer travelers the best price. This in turn pushes up the cost per click for the hotels when bidding on their own branded search results. While these platforms help hoteliers reach a wider audience, abandoning rate integrity sacrifices marketing spend and profit.
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?
The company also sealed a record of over 80 deals signed across 13 markets, representing approximately 18,000 rooms. At the end of 2023, Marriott’s APEC development pipeline stood at over 320 hotels with over 69,000 rooms. In Marriott’s global luxury rooms pipeline, 25% is represented in APEC.
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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