Hotel Management

DECEMBER 20, 2023

Veriu Group CEO, Zed Sanjana, and developer Tim Gurner are celebrating a successful first six months of Veriu Collingwood, with the apartment hotel garnering strong occupancy and room rates since opening. But in terms of the cost of construction, it doesn’t help to solve that at all. More and more so.

Construction 267

Construction Shopping Pipeline Occupancy 267

Hotelier Magazine

APRIL 2, 2024

For the past few years, the hotel industry has enjoyed strong market fundamentals driven by solid ADR and occupancy rates, creating a positive investment environment. The number of rooms in construction trended downward from mid-2021 to mid-2023. per cent and 0.7 per cent respectively.” per cent growth).

Pipeline 59

Pipeline Construction Sales Scale 59

Hotel Business

MAY 1, 2024

“Worldwide RevPAR grew more than 4%, with gains in both occupancy and ADR. Group RevPAR in the region rose nearly 5% YOY, with growth in both rate and occupancy.” The quarter-end pipeline included 1,089 properties with more than 202,000 rooms under construction. “In the U.S. &

Pipeline 64

Pipeline Construction Occupancy Revenue 64

Hotel Management

MAY 2, 2023

Adelaide is an exciting destination for AHICE as the city’s accommodation sector has boomed in recent years with the addition of a range of new hotels and many more in the pipeline including the Marriott Hotel Adelaide at GPO, Holiday Inn and Suites Adelaide Mawson Lakes and the Little National.

Hospitality 130

Hospitality Events Real Estate Pipeline 130

Hotel Business

APRIL 24, 2024

As a result of our record pipeline and the growth pace we’ve seen to-date, we expect net unit growth of 6% to 6.5 Additionally, of the rooms in the development pipeline, 229,700 were under construction and 267,900 were located outside of the U.S. compared to the same period in 2023. .” and $6.35.

Pipeline 64

Pipeline Branding Construction Occupancy 64

Hotel Business

OCTOBER 25, 2023

With a record number of approvals year-to-date driving the largest pipeline in our history, we are confident in our ability to accelerate net unit growth to 5.5% compared to the same period in 2022 due to increases in both occupancy and ADR, and management and franchise fee revenues increased 12.3% billion and $2.6 to 6% next year.”

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Pipeline Occupancy Revenue Branding 59

Hotel Business

JULY 26, 2023

We continue to drive long-term growth of our global network through the launch of strategic new brands and have already added more than 60,000 rooms to our development pipeline during 2023.” compared to the same period in 2022 due to increases in both occupancy and ADR, and management and franchise fee revenues increased 16.1%

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Pipeline Revenue Occupancy Branding 98

Hotel Business

FEBRUARY 7, 2024

for the full year Approved 33,800 new rooms for development during the fourth quarter, bringing Hilton’s development pipeline to a record 462,400 rooms as of Dec. compared to the same period in 2022 due to increases in both occupancy and ADR, and management and franchise fee revenues increased 12.2% from the same period in 2019.

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Pipeline Revenue Branding Occupancy 115

Hotel Business

MAY 2, 2023

First quarter worldwide RevPAR grew 34% year-over-year [YOY], with meaningful gains in both occupancy and ADR,” said Anthony Capuano, president/CEO. Our industry-leading pipeline grew to approximately 502,000 rooms, up 2.6% Roughly 200,000 rooms in the pipeline were under construction as of the end of the first quarter.

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Pipeline Forecasting Construction Market 105

Hotel Business

FEBRUARY 15, 2024

“Despite the distraction, uncertainty and misperceptions caused by Choice and their slanted and constant communications to our franchisee base, room openings accelerated and our global development pipeline grew by 10% to an all-time high of 240,000 rooms. Development pipeline grew 1% sequentially and by 10% YOY to a record 240,000 rooms.

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Pipeline Revenue Market Marketing 72

Hotel Business

APRIL 27, 2023

. “Our impressive first quarter results demonstrate continued momentum with global RevPAR growth of 12%, net room growth of 4% and the 11th consecutive quarter of sequential growth in our development pipeline,” said Geoff Ballotti, president/CEO, Wyndham Hotels & Resorts. “We and 9% of growth internationally.

Pipeline 52

Pipeline Revenue Construction Branding 52

Hotel Business

JULY 27, 2023

Development pipeline grew 1% sequentially and 10% year-over-year (YOY). Awarded 60 new construction projects for ECHO Suites Extended Stay by Wyndham in July, including its first hotels in Canada, bringing the total number of contracts to 265. Approximately 72% of the company’s pipeline is in the midscale and above segments.

Pipeline 52

Pipeline Revenue Construction Branding 52

Hotel Business

FEBRUARY 21, 2023

Worldwide ADR was up 8% vs. 2019, while occupancy was down 7 percentage points vs. 2019. “In YOY Opened and added 49,400 rooms (269 hotels); global estate now at 912,000 rooms (6,164 hotels) Signed 80,300 rooms (467 hotels); global pipeline now at 281,000 rooms (1,859 hotels), +3.9% for full-year 2022 vs. 2019. pts vs. 2021 (+2.1%

Pipeline 52

Pipeline Scale Occupancy Resorts 52

Hotel Business

FEBRUARY 16, 2023

Wyndham Hotels & Resorts reported strong results for the fourth quarter and end of the year for 2022, including a 12% year-over-year pipeline increase. Development pipeline grew 12% year-over-year, including 170 new construction projects added for the company’s ECHO Suites Extended Stay by Wyndham brand since launch in March.

Pipeline 59

Pipeline Revenue Construction Services 59

Hotel Business

APRIL 26, 2023

Approved 24,900 new rooms for development during the first quarter, bringing Hilton’s development pipeline to 428,100 rooms as of March 31. Additionally, Hilton started construction on more than 19,000 hotel rooms during the first quarter, continuing the positive momentum from the end of 2022, particularly in China.

Pipeline 59

Pipeline Construction Revenue Occupancy 59

Hotelier Magazine

DECEMBER 14, 2023

After reaching a RevPAR peak in 2022, the market RevPAR is on pace to grow another 15 per cent in 2023, driven by strong growth in both occupancy and ADR. Supply growth in Canada has been muted throughout COVID with soaring construction costs. In Canada, the year 2023 set new benchmarks for the hotel industry.

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Forecasting Cancellation Hotels Closing 52

Hotelier Magazine

JANUARY 23, 2024

A combination of factors plays into the scene, including an anticipation of construction costs and financing rates dropping, a renewed appetite for conversions, and a fresh interest in extended-stay properties and dual branding. That, plus lifestyle boutique properties make up the hottest deals these days.”

Real Estate 59

Real Estate Branding Hotels Operations 59

Hotel Business

FEBRUARY 9, 2023

and 42.5%, on a currency-neutral basis, for the fourth quarter and full year, respectively, compared to the same periods in 2021 Approved 24,400 new rooms for development during the fourth quarter, bringing Hilton’s development pipeline to 416,400 rooms as of Dec. .” Highlights: Diluted EPS was $1.21 31, 2022 increased 7.5%

Pipeline 52

Pipeline Branding Revenue Construction 52

Boutique Hotel News

MARCH 6, 2023

Mandisa Khabo , technical director, development & construction, Greystar [GS] Greystar technical director, development and construction, Khabo is one of a growing number of women leading the technical side of urban development. The end of 2022 saw its strongest month to date occupancy-wise. It has a £1.5

Real Estate 101

Real Estate Hospitality Construction General Manager 101

Hotel Business

NOVEMBER 2, 2023

Both occupancy and rate contributed to global RevPAR gains in the third quarter, and cross-border travel continued to rise.” Approximately 238,000 rooms in the pipeline were under construction as of the end of the third quarter. Of our record 557,000-room pipeline, 43% is under construction.”

Pipeline 69

Pipeline Construction Revenue Operations 69

Hotel Business

FEBRUARY 14, 2023

With the exception of Greater China, RevPAR in all regions more than fully recovered and continued to show meaningful advances in occupancy and ADR. Approximately 199,000 rooms in the pipeline were under construction as of the end of 2022 “In our largest region, the U.S. & worldwide, 23.6% in the U.S. &

Pipeline 98

Pipeline Forecasting Revenue Market 98

Hotel Business

NOVEMBER 7, 2022

30, the number of global rooms in the company’s targeted upper-midscale and upscale segments open and in the development pipeline increased by more than 73,000 as a result of the acquisition. The company’s total domestic pipeline as of Sept. The company’s extended-stay domestic pipeline reached 468 hotels as of Sept.

Pipeline 52

Pipeline Revenue Branding Scale 52

Hotel Business

FEBRUARY 15, 2023

The company’s total domestic pipeline as of Dec. and a 130-basis-point increase in occupancy levels compared to fourth-quarter 2019. The company’s extended-stay domestic pipeline reached 496 hotels as of Dec. Domestic RevPAR growth accelerated quarter-over-quarter, increasing by 20.4% RevPAR increased 20.4%

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Revenue Pipeline Branding Scale 59