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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.
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.
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.
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%
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.
.” 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. .”
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.
vs 2019; occupancy +4.1%pts rooms (123 hotels) in Q3, +27% vs 2022; global pipeline of 292k rooms (1,978 hotels), +5.1% vs 2019; occupancy +4.1%pts rooms (123 hotels) in Q3, +27% vs 2022; global pipeline of 292k rooms (1,978 hotels), +5.1% Occupancy was 72%, up 0.7% The Americas saw a 4.1% increase, with a 15.9%
Global occupancy moved up to 62% and ADR increased by a further 2% as pricing remained robust, reflecting the complete return of leisure, business and group travel.” YOY; the global pipeline at the end of the quarter was 305,000 rooms (2,079 hotels), up 6.6% Occupancy was 63.1%, down 1.1 YOY, with occupancy up 2.7
Other highlights include: Americas FY RevPAR up 7% YoY (Q4 +1.5%), EMEAA +23.7% (Q4 +7%) and Greater China +71.7% (Q4 +72%), reflecting the differing levels of travel restrictions that were still in place in 2022 ADR up 5% vs 2022, +13% vs 2019; occupancy up 6 pts. Iberostar); global pipeline 297K rooms (2,016 hotels), +5.5%
Conversions represent a major growth opportunity for us, generating around 40% of first-half openings and signings globally, and we see an increasing desire from owners to quickly realize the benefits of IHG’s scale and strong enterprise. and now has 25 open and pipeline properties globally. YOY; net system size growth of +4.8%
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.
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.
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%
When asked to rate their top business objectives that are driving technology investment, 41% of hoteliers cited their desire to increase occupancy. Survey respondents also said data fragmentation (33%), data efficiency (32%), and data integrity (30%) are among the biggest challenges faced in business intelligence today.
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.
The company’s total domestic pipeline as of Dec. and a 130-basis-point increase in occupancy levels compared to fourth-quarter 2019. for full-year 2022 compared to the same period of 2019, outperforming the upscale chain scale by nearly 10 percentage points. RevPAR performance trends RevPAR increased 14.6% 31, 2021.
Occupancy growth has reverted back to ‘normal’ growth levels, and the Middle East and Asia (excluding China) reported strong YOY growth YTD. Branded hotel development is another key global theme, with luxury and upper-upscale rooms expecting the strongest growth and midscale and economy pipelines relatively light.
Occupancy is up. I would say that over the 12-month period, our occupancy has been up 1.3 The only areas that we’re seeing some difficulty is in our resort properties where climate change is impacting the occupancy and the business levels there. How has this impacted ADR and occupancy? Bob Singh: A great year.
Mohapatra’s standing and influence in the short-term rental and wider hospitality industries only look set to grow further, particularly at a time when travel choices are being scrutinised on an unprecedented scale and more sustainable solutions are being sought. The end of 2022 saw its strongest month to date occupancy-wise.
According to Matterport , JLL was able to transact 85 per cent faster using digital twin technology, and hospitality properties with a digital twin can increase occupancy by 14 per cent. Expect loyalty programs to be reimagined in line with this trend, and for brand activation companies such as Way to quickly scale.
It’s turned into one of the fastest brands in Hilton’s history to make sure I get these numbers right over with more than 650 open hotels, it’s got one of the largest pipelines right now in the us. There’s so much space below for, you know, lower rated travel in a different chain scale.
We’re seeing the leads pipeline improving but actual bookings won’t recover until 2028. Occupancy rates have returned to pre-pandemic levels with ships largely at 95 per cent occupancy. AW: Re-building the pipeline for business events has been a top priority.
Upon closer viewing, there is a play in scale –a seemingly oversized watering can and garden rake reveals that the greenhouses could also possibly be the scale of a tabletop terrarium. Sustainability Efforts Energy-saving smart occupancy sensors are installed in the guests’ rooms as part of the energy conservation initiatives.
With the development pipeline slowing and event demand growing, it promises a rise in group hotel rates. Your unique and thorough understanding of the property is bound to surface viable ideas that paint you as a valuable partner in navigating the complexities of such a large-scale event. percent over the next two years.
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