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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.
As a result, its global network now comprises over 5,680 hotels and 850,000 rooms in operation, with an additional 1,381 properties and 233,000 rooms in the pipeline. In 2024, Accor expanded its portfolio with the opening of 293 hotels and resorts, adding a total of 50,000 rooms.
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 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.
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.
ANA Holiday Inn Iwate Kitakami currently operating as Hotel City Plaza Kitakami will undergo an extensive renovation and conversion over the coming months. ANA Holiday Inn Iwate Kitakami will join a strong portfolio of 12 Holiday Inn open and pipeline hotels across Japan, further solidifying the brands presence in the country.
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.
The family-run hospitality group operates a range of hotels across Australia and Thailand. Our robust pipeline in Australia will see Hilton grow its portfolio by around a third in coming years, and Hilton’s footprint includes an upcoming luxury hotel in Sydney, and a recent opened lifestyle hotel in Melbourne, the spokesperson said.
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.
Neeraj Chadha, Marriott International Tell us a bit about Marriott International’s Fiji portfolio to date and any pipeline properties. Pipeline properties: stay tuned.
Splash’s platform allows marketers to create on-brand, measurable, and repeatable event programs that drive pipeline and sales. TYSONS, Virginia—Cvent announced that it has acquired Splash, an event marketing technology company. Over 500 organizations, including more than 60 Fortune 1000 companies, use Splash for their event marketing needs.
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.”
Hotel Fitzroy in Auckland’s Ponsonby, currently operating under the Fable banner, will be the first to join the portfolio, with Luminous Living to take over operations on Monday December 16. Chopard Bathroom Amenities Distribution-only and cleaning-only models will be delivered through its sister offering, Platinum Services. “By
DALLAS, Texas—Coury Hospitality continues to grow its portfolio of boutique hotels with a pipeline of new openings and developments across the United States. “We We are honored that the industry’s leading owners and developers continue to choose Coury as their partner for designing, developing, and operating new lifestyle hotels.
Over the past six months, the brand has added over 1,200 units from four new signings and one opening, taking the portfolio to 16 properties with over 2,700 units, both operational and in the pipeline, across 11 countries and 13 cities.
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.
There are currently five Voco hotels in operation in Australasia, with the highly anticipated Voco Gosford on the New South Wales Central Coast also set to open in late 2025. The broader IHG portfolio now includes 69 hotels in Australasia, with another 26 properties in its development pipeline.
The 273-room hotel, formerly Four Points by Sheraton, is owned by MA Financial Group and operated by TFE Hotels. TFE Hotels’ Group Chief Operating Officer, Chris Sedgwick; Senior Director of Operations ANZ, Tish Nyar; and Regional General Manager VIC, Stephen Moore, joined Hotel General Manager, Nigel Maxey, for the opening celebrations.
2023 was a pivotal year for RHG where we expanded our relationship with key partners and operators. In the Philippines, we expanded our decade-long partnership with SM Hotels and Conventions Corp through a Master Development Agreement to reach 20 hotels by 2028 from six hotels in operation today.
IHG Hotels & Resorts has 76 hotels in Australasia operating under nine brands – Six Senses, InterContinental, Kimpton, Vignette Collection, Hotel Indigo, voco, Crowne Plaza, Holiday Inn and Holiday Inn Express, with another 26 properties in its development pipeline.
Oaks Melbourne Flemington Suites As we continue to expand our footprint in Australasia, the portfolio additions of Oaks Vue Suites Geelong, Oaks R Suites Geelong and Oaks Melbourne Flemington Suites marks a key milestone in our growth strategy, said Minor Hotels Chief Operating Officer, Craig Hooley.
The pipeline also includes Hotel Alexandra, Vignette Collection, which has been signed together with Molo Hotel Group and expected to open in the first half of 2025. IHG has 27 hotels operating under six brands in Italy including Crowne Plaza, Hotel Indigo, voco Hotels, Holiday Inn and Holiday Inn Express.
Mercure Sydney Parramatta Trilogy will commence operations at the Parramatta hotels in September with both assets remaining under their respective Accor branding through a franchise agreement. “We Boyes thanked Schwartz for choosing Trilogy to operate the resort. “It
“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.
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.
Under the ownership of Frank and Wade Huang of Star Millennium Pty Ltd, Holiday Inn Sydney Airport and Courtyard by Marriott, Sydney-North Ryde will be elevated to IHG’s premium Crowne Plaza brand with independent hotel operator, Trilogy Hotels, appointed to manage the day-to-day operations of both properties under a franchise agreement.
Established in 2013, the Ruby brand 20 th brand in the IHG portfolio currently operates 20 hotels (3,483 rooms) in major cities across Europe and has another 10 pipeline hotels (2,235 rooms). InterContinental Hotels Group (IHG) has acquired premium urban lifestyle brand, Ruby, for 110.5 Also, the timing could not be better.
As the new General Manager for The Ritz-Carlton, Melbourne, Harman will be responsible for enhancing the hotel’s operational and commercial performance. I am honoured to be leading this talented team on their next chapter, enhancing operational and commercial performance whilst creating memories for each and every guest.
Plans for a 130-room Holiday Inn and Suites in Adelaide have been upgraded with the hotel now set to operate as a 155-room Crowne Plaza when it opens its doors in the second half of 2024. This move brings exceptional iterations of the Crowne Plaza brand to Adelaide.”
Following this wave of additions, higher debt cost and construction costs are anticipated to suppress the development pipeline, with activity being largely limited to key strategic sites usually having mixed use appeal.
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.
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.
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.
Lyf Schönbrunn Vienna “Ascott operates with a flex-hybrid model that gives opportunistic agility across our serviced residences, co-living properties and hotels,” Goh said. New locations Lyf is currently present in 21 cities globally, with over 5,500 units both operating and in the pipeline.
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
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.
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.”
” 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.
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.
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 “The company signed a record number of new deals, and our industry-leading development pipeline reached more than 577,000 rooms at the end of the year.
InterContinental Hotels Group PLC (IHG) has announced the acquisition of premium urban lifestyle brand Ruby, its 20th brand, as it targets global expansion… 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).
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