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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.
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.
Yet, many in-house marketers in the hospitality industry are still forcing generic systems to do a very specific job. Marketing Metrics That Matter Another overlooked win? When your systems are built for your exact workflow, your team moves faster, your communication improves, and your marketing becomes more strategic.
Peak industry body Accommodation Australia (AA) has raised concerns over cuts to Victoria’s tourism marketing budget, saying the move will impact visitation to the state and ‘sends the wrong message’ to hotel investors. Budget reductions on this scale, with just $15.5m AA said that Visit Victoria typically receives AU$32.5
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.
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.
development pipeline. hotel pipeline March 2023 (percentage change in comparison with March 2022): In construction: 154,284 rooms (-0.5%) Final planning: 239,995 rooms (+34.6%) Planning: 232,517 rooms (-21.6%) After three consecutive month-over-month increases, the overall number of U.S. of the segment’s existing supply. ” U.S.
using effective financial advisor marketing strategies is crucial to set your business apart. Knowing how to strategize and market your brand will give you an edge over your competition and boost business. But how do these marketing strategies ensure business development in such a saturated space?
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. Through Q3 2023, New York also has the most new construction starts of any market in the U.S.
ABM, Account Based Marketing, we’ve all heard about it. (If Here are 5 tactics you can use right now to close larger deals with Account Based Marketing and Sales Development. What if you could leverage your SME, marketing manager, engineer, or any other resource on your team in an active sales cycle? Well, it kinda is.
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.
year-over-year, outperforming the chain scales in which the company competes by 60 bps. “Our unique positioning has enabled us to outperform our peers, gain market share and emerge stronger even in periods of economic uncertainty. compared to March 31, 2024, and its pipeline increased by 13% from Dec.
Hotel renovation and conversion pipeline activity, at the end of the fourth quarter of 2022, is at the highest totals Lodging Econometrics (LE) has ever recorded. Renovations and conversions account for more projects and rooms than those that are currently in the under construction stage of the new construction pipeline.
Lodging Econometrics (LE) has released the Q1 hotel development data for the Charlotte market ahead of the Hospitality Industry Technology Exposition and Conference (HITEC). markets by project counts. Within the Charlotte market, at the close of the first quarter, hotels under construction stand at 11 projects/1,435 rooms.
In the Q2 ‘23 Global Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts state that the total global-construction pipeline stands at 14,572 projects/2,310,238, up three per cent year-over-year (YOY) by projects and one per cent YOY by rooms. PORTSMOUTH, N.H. — three are in China and one is in Saudi Arabia.
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.
in the same quarter last year; global pipeline of 334K rooms (2,265 hotels), +9.4% year-on-year increase in our pipeline. Demand for quick-to-market conversions to IHGs brands and enterprise platform continues to be high, representing around 60% of openings and 40% of organic signings in the quarter. and occupancy +0.6%
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. This marked a record in signings and contributed approximately 18,000 rooms to our development pipeline.
As we enter 2025, we will continue to realize the earnings growth from our past investments, meaningfully expand the scale of our business and accelerate our growth in the coming years.” million during full-year 2024, representing 6% of the company’s market capitalization at the beginning of 2024. Global pipeline as of Dec.
Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the first quarter, there are 6,065 projects with 702,990 rooms in the pipeline. The details can be seen directly within the stages of the pipeline, which all saw YOY growth in Q1. As seen in the Q1 2024 U.S. resulting in a 1.5%
A lot of the target [market] was around project-focused corporate opportunity. It’s a lot of relationship building in the local market. Yes, we have two office conversions in our pipeline, which is exciting. When you look at it from the owner’s perspective, the office market is in a state of transition. It is a mix.
.” 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. .”
Pinnacle Hotel Group, led by principals Chet Patel, Rocky Govind, Shawn Govind and Nayan Nagin, has developed and operated high-performing hotels in key markets.
Hilton SVP for Development – APAC, Clarence Tan, discusses key opportunities in the Asia Pacific market amid a strong demand for leisure travel. The APAC hotel development landscape has seen significant growth over the past year, reflecting the region’s dynamic and resilient tourism and hospitality market. billion, up from US$9.8
Hyatt Select hotels will meet a specific need in the market by offering a cost-effective, conversion-friendly option for owners, while delivering an experience for guests who want reliability, comfort and thoughtful design in the upper-midscale segment. The brand will be focused on the Americas region before scaling globally.
and more than 11,000 rooms added to the pipeline over the same period, resulting in a net pipeline increase of nearly 95% since the beginning of the year. Choice will also enter new markets in the region this year. Choice Hotels International Inc. This summer, it will open a Radisson Blu in Bariloche, Argentina.
The initial global launch of Series by Marriott has come through a founding deal with Concept Hospitality Private Limited (CHPL) in India, a key growth market for Marriott. The Fern portfolio is currently comprised of 84 open properties and 31 executed pipeline deals, totalling 115 properties and approximately 8,000 rooms.
A Hyatt affiliate has acquired the me and all hotels brand from Lindner Hotels AG (Lindner) to unlock growth in new European markets and build on Hyatt’s momentum in the region. Hyatt’s pipeline includes 1,000 me and all hotel rooms, with additional development deals in various stages of negotiation for destinations outside of Germany.
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 market share in the higher fee per key Luxury & Lifestyle segment.
Wyndham Hotels & Resorts has revealed 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. The post Wyndham’s ECHO pipeline reaches 200+ hotels appeared first on hotelbusiness.com.
rooms (123 hotels) in Q3, +27% vs 2022; global pipeline of 292k rooms (1,978 hotels), +5.1% He continued, “We opened nearly 8,000 rooms across 50 hotels in the quarter and added 17,000 rooms to our pipeline across 123 properties. A further 5,100 rooms (55 hotels) were added to the pipeline. and Greater China +9.3% YOY, +3.1%
“Vignette Collection is IHG’s newest Luxury and Lifestyle brand, and already growing quickly in many markets,” said IHG Hotels and Resorts Vice President, Development, South East Asia and Korea, Patrick Finn.
“We already know the Group’s unique long-term lease model has proven attractive to developers seeking certainty of income and the ability to finance large scale developments more easily in the current market.
Under the 2025 theme of Cultivating Independence in Boutique Hospitality Investment, the conference will explore emerging opportunities, creative capital strategies and market-defining trends shaping the future of this distinct and growing segment. This years keynote session will feature an exclusive conversation with Simon P.
YOY; the global pipeline at the end of the quarter was 305,000 rooms (2,079 hotels), up 6.6% YOY; the global pipeline at the end of the quarter was 305,000 rooms (2,079 hotels), up 6.6% A further 5,100 rooms (61 hotels) were added to the pipeline, representing a broadly similar signings pace to the same quarter last year.
Here is his response: “ Many sales professionals come to the conclusion that technology, namely a CRM system, can be critical to maintaining organization as a sales-oriented business scales and grows. E.g. “So, what’s in your pipeline?”. Don’t let them get hung up on the marketing glitz of the CRM with the biggest marketing budget.
Inside sales, inbound, outbound, Account Based Marketing, lead generation, buyers journey, etc. It’s how we build our pipelines. Jeb has written a killer book designed help you build a solid pipeline faster. If you want a bigger pipeline, this book can help you get it. This updated list is a little different.
Iberostar); global pipeline 297K rooms (2,016 hotels), +5.5% Iberostar); global pipeline 297K rooms (2,016 hotels), +5.5% Travel demand was strong across all markets, with RevPAR up 16% on last year and 11% ahead of the 2019 pre-pandemic peak. vs 2022, 1 pt. rooms (275 hotels), +16% YoY (ex. rooms (556 hotels), +26% YoY (ex.
“The SpringHill Suites by Marriott Jacksonville Beach Oceanfront marks our fifth hotel in the Jacksonville area, immediately creating economies of scale and the ability to share best practices with our sister properties,” said Jeff Truhlar, regional VP, operations, Shaner Hotels.
This automated reservations pipeline minimizes the risk of overbookings, missed updates, and guest data inconsistencies, driving operational efficiency across departments. The enhanced Cloudbeds-Sabre Hospitality integration is set to go live in Q1 2025, and will be available to all joint customers.
Read Tonys article.recently published in Bank Insurance & Securities Marketing Magazine! sales pipeline (1). You ask, "On a scale of 1 to 10, 10 you love it, 1 you hate it, how do you feel about the solution Ive just presented?" Hire SalesPeople Who Can and Will Sell in These Tough Markets. Tony Cole on TV.
in new markets where there are no Hyatt hotels and the expansion of airport locations in key markets. As part of Hyatt’s commitment to listen to our owners and take action on their feedback, Hyatt continues to identify white space in sought-after markets,” said Jim Tierney, SVP, development and owner relations, Hyatt.
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.
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. Based on the report, as of December 2023, 57 per cent of the national pipeline rooms were in Ontario, with British Columbia a distant second at 21 per cent.
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