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LE: U.S. construction pipeline rises in all project stages

Hotel Business

In the latest United States Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts report that construction pipeline projects in the U.S. construction pipeline at Q1. This is the fourth consecutive quarter of total pipeline growth for the U.S., There are no growth spikes expected this year.

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Ascott broadens Lyf experience with eight new signings globally

Hotel Management

There is tremendous potential for us to further scale Lyf across more hospitality asset classes, whether as a full-service hotel or resort, especially with the growth pace we have seen over the year. New locations Lyf is currently present in 21 cities globally, with over 5,500 units both operating and in the pipeline.

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Choice reports Q1 domestic RevPAR growth of 2.3%

Hotel Business

year-over-year, outperforming the chain scales in which the company competes by 60 bps. compared to March 31, 2024, and the segment’s pipeline reached to more than 40,000 rooms as of March 31, 2025. and 7.1%, respectively, compared to the same period of 2024, outperforming their respective chain scales by 30 bps and 440 bps.

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IHG Q1 global RevPAR up 3.3%

Hotel Business

and occupancy +0.6% in the same quarter last year; global pipeline of 334K rooms (2,265 hotels), +9.4% and occupancy +0.6% in the same quarter last year; global pipeline of 334K rooms (2,265 hotels), +9.4% year-on-year increase in our pipeline. pts Gross system size growth accelerated to +7.1% YOY, +1.5%

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Choice exceeds full-year 2024 expecations

Hotel Business

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.” and occupancy levels increased by 80 basis points for fourth-quarter 2024, compared to the same period of 2023. Global pipeline as of Dec.

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IHG reports FY2024 global RevPAR increase of 3%; acquires Ruby brand

Hotel Business

.” 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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Exclusive: Veriu Group CEO talks Collingwood success, mixed-use developments, office conversions and more

Hotel Management

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. Yes, we have two office conversions in our pipeline, which is exciting. You’ve got an Adelaide project in the works.