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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.
hotel industry maintains a steady development pipeline, though current activity reflects a more cautious approach amid near-term challenges. Hotel Construction Pipeline Trend Report, the total pipeline has expanded to 6,376 projects encompassing 749,561 rooms—representing a 5% increase in projects and 7% growth in rooms compared to Q1 2024.
Trent Conroy, Choice Hotels The Australasian greenfield development market continues to witness feasibility challenges, with elevated construction costs, inflation, and tighter lending conditions dampening new supply pipelines. Supporting this trend is the evolving landscape of hotel operating models.
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.
The hotel owner-operator is on track to pass a milestone of 850 properties by the end of 2027, positioning it among the worlds largest hospitality groups. Minor Hotels currently has more than 560 properties and 81,000 keys in operation worldwide, with 50% of the portfolio concentrated in Europe.
As part of HM’s 2023-24 Development Outlook, CBRE Hotels Managing Director – Capital Markets, Michael Simpson, and Pacific Head of Hotels Research, Ally McDade, discuss the challenges and opportunities that lie ahead in the Australian hotel market.
Now the fastest growing brand within IHG’s Premium collection, Voco has experienced record development activity with properties in over 25 countries and a further 95 properties in the pipeline, with market entries in Türkiye, Malaysia and Jamaica expected over the next two years.
The family-run hospitality group operates a range of hotels across Australia and Thailand. Transactions of this nature are not uncommon in our industry, and reflect a buoyant and dynamic market, driven by strong investor confidence. Hilton said Adelaide continues to be an important market for the business.
Accor is investing in leadership within its luxury and lifestyle division, with the appointment of experienced hotelier and asset manager David Fraser as the Vice President Operations for Sofitel, Sofitel Legend, MGallery, and Emblems in the Pacific.
Marriott International’s Fiji-based Area General Manager and Vice President Pacific Islands, Neeraj Chadha, discusses hotel performance and future opportunities in market. Neeraj Chadha, Marriott International Tell us a bit about Marriott International’s Fiji portfolio to date and any pipeline properties.
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.
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.
The rapid expansion of our Voco brand through Voco Darwin Suites and many other outstanding properties continues to be driven by its adaptable upscale proposition, appealing to owners seeking both asset versatility and flexibility in market. JH Groups John Halikos said the new Voco will benefit short- and long-stay visitors and locals alike.
As a group TFE owns, manages and operates hotels, so we think like owners and operate their hotels as though they were our own,” said TFE Hotels Group Chief Operating Officer, Chris Sedgwick. TFE Hotels is such an operator.”
Radisson Hotel Group has established a strong market position in South East Asia and Pacific particularly in emerging cities and markets. 2023 was a pivotal year for RHG where we expanded our relationship with key partners and operators. What SEAP markets are a key focus for Radisson Hotel Group and why?
growth in international markets. from year-end 2023 At the end of the year, Marriott’s worldwide development pipeline totaled nearly 3,800 properties and more than 577,000 rooms The company returned more than $4.4 More than half (55% of rooms in the year-end pipeline are in international markets. & Canada and 7.2%
The company’s focus on strategic and organic growth has resulted in 32 hotels operating across the region, with more on the way, the Australasia boss confirmed. AJ Capital will remain the owner of the more than 35 operating and pipeline Graduate properties, each of which will be operated under long-term Hilton franchise agreements.
The company’s development pipeline consists of nearly 2,000 hotels and approximately 243,000 rooms, an all-time record for the latter. Increased interest from hotel owners in our brands has propelled our development pipeline to a record 243,000 rooms, marking an impressive 8% increase. and growth of 14% internationally.
Marriott International has reached a new milestone in APEC with over 60 properties added to its portfolio in 2023, taking its property count in the region to more than 560 operating hotels and residences. The company also sealed a record of over 80 deals signed across 13 markets, representing approximately 18,000 rooms.
“The signing of Adina Chermside Brisbane is a significant milestone for TFE Hotels, providing an opportunity for us to expand our Adina footprint from two hotels to three in the powerhouse state of Queensland,” said TFE Hotels Group Chief Operating Officer, Chris Sedgwick.
With the Brisbane Games just eight years away, the upscale property meets a need for four- and five-star full-service hotels in the region and will support a growing domestic and international tourism market.
TFE Hotels is an owner, manager and developer and we see their impressive presence in multiple markets – which includes more than 50 properties in Australia, a strong pipeline of properties and ties to Singapore and Europe – as complementary to our vision for the future,” said Heritage Hotels’ Managing Director, Jeffrey Tang.
With an astounding 60% of its new hotel construction projects under construction, the most of any convention center market, New York City leads with 46 projects under construction. It also has 22 open and operating hotels that either are or will be undergoing a renovation or brand conversion.
Her first role was at the Sheraton Grand Sydney Hyde Park, and she went on to build a career in Sales and Marketing in Melbourne and New Zealand. As the new General Manager for The Ritz-Carlton, Melbourne, Harman will be responsible for enhancing the hotel’s operational and commercial performance. Focused on training and development.
“The addition of these hotels across our luxury and lifestyle portfolio is a meaningful contribution to IHG’s growth in Italy, which is a key market for us,” commented Eric Viale, Managing Director, Southern Europe, IHG Hotels & Resorts.
“NSW’s largest regional conference centre, sensational rooms and villas, golf, fantastic food and beverage outlets including Lovedale Bar and Grill and a raft of new developments in the pipeline such as Dr Schwartz’s Sydney Brewery on site. It is an exciting time for the property, and I look forward to contributing to its continued success.”
There are still some signature hotels in the pipeline, with the Marriott Adelaide, Shangri-La Melbourne, Star Grand Brisbane, and 25hours Sydney scheduled to open over the next year. Owners and operators will need to adopt a defensive approach to asset management, maintaining a laser focus on their operating structures.
Scheduled to open in the first quarter of 2029, this signing reinforces IHG’s commitment to strengthen presence in high-growth markets across India, catering to the needs of both business and leisure travelers. Suppliers Research Podcast Careers Events All Insights Podcasts eLearning Tech.Ex
As the new Senior Vice President (SVP), Managing Director, Luxury and Lifestyle Americas (LLA), based in Atlanta, Harwood will be tasked with overseeing the daily operations of the LLA organisation, driving performance and operations of IHG’s six Luxury and Lifestyle brands and supporting growth in the region.
The Ascott Limited is expanding its co-living brand Lyf to new markets with the announcement of eight new property signings spanning city and resort locations across Europe and Asia Pacific. New locations Lyf is currently present in 21 cities globally, with over 5,500 units both operating and in the pipeline.
By Ryan Bosch Ask any hotel developer today, and youll hear the same thing: the market is tough. For those who understand how to navigate this kind of market, this may be one of the best windows in years to get a deal off the ground. While plenty of projects remain in the pipeline, very few are actually moving forward.
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. Franchising can provide that, and it can ultimately lead to better financial yield.”
Kypriotis brings over 20 years of hotel industry experience, having started her career with Stamford Hotels and Resorts and worked across various managerial positions within hotel operations at Accor. Winner of the HM Australian General Manager of the Year award in 2021, Kypriotis is recognised as an empathetic and people-oriented leader. “I
The announcement comes ahead of the September opening of a 180-room Holiday Inn and Suites Geelong, which puts IHG on track to be the largest global hotel operator in the area. Plenary Group Chair, John O’Rourke, said the project provides a great opportunity for Geelong and the greater Bellarine and Surf Coast region.
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?
San Diego, CA – Cloudbeds, the premier hospitality management software platform, and Mirai, a leader in hotel distribution technology and direct booking optimization, have today announced a strategic partnership aimed at transforming how hotels manage bookings, distribution, and marketing.
Localized in Southeast Asia, RevPAR levels are just below 2019 levels by less than 2%, driven by high average daily rates (ADRs) as the market saw a shift in consumers’ willingness to pay for quality both product and experience. Thailand’s well-established and diversified hospitality market also looks attractive.
Griffin is transitioning 14 assets to the MJH umbrella, and when combined with other deals currently in the 2024 pipeline, the hotel ownership and management company will reach 50 hotels by Q1 2025. Meyer Jabara’s commitment to exceptional hospitality and operational excellence aligns perfectly with our values at Griffin.
The collaboration will accelerate our asset-light expansion in China by leveraging Jin Jiang’s franchise-ready infrastructure, complementing our successful management strategy in the market where we currently operate more than 220 properties in over 40 cities,” said Ascott and CLI Lodging Chief Executive Officer, Kevin Goh. “The
Nuell will be responsible for driving the financial performance of Marriott’s 46 operating hotels, and a further 20 pipeline properties across the region. “I His global mindset, and passion for delivering customer and associate experiences, ideally position him to lead our ANZP operations.”
Hilton also strengthened its development pipeline, signing more than 1,430 hotels representing 154,000 rooms in 2024. The companys pipeline now stands at roughly 3,600 hotels totalling more than 498,500 rooms, a year-over-year increase of 8% in pipeline rooms. Hilton has more than 8,400 properties trading worldwide.
Mandarin Oriental currently operates 10 hotels across Greater China. The group’s pipeline of hotels in China includes properties in Tianfu in Chengdu, Hangzhou, and Nanjing. The post Mandarin Oriental to tap strong Asia market in plans to double global network appeared first on Hotel Management.
Highlights include company performance with operating profit from reportable segments (+12 percent) and Adjusted EPS (+12 percent); record signings; on track to return over $1 billion to shareholders; and positivity in long-term growth drivers. IHG Hotels & Resorts reported half-year results ending June 30, 2024.
” Established in 2013, the Ruby brand currently operates 20 hotels (3,483 rooms) in major cities across Europe and has another 10 pipeline hotels (2,235 rooms). The pipeline hotels are set to open over the next three years across more European cities including Edinburgh, Marseille, Rome and Stockholm.
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