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IHG Hotels and Resorts (IHG) has opened its 100 th Voco hotel since it emerged on the international hotel scene seven years ago with its first opening on Australia’s Gold Coast. In Australasia, there are now five Voco hotels opened, with another five in the pipeline.
IHG Hotels and Resorts has signed an agreement with Odate Royal Hotel Inc, a wholly owned subsidiary of Fet System Inc., 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.
PHOENIX, Arizona—BWH Hotels is expanding current offerings in the Latin American region through a series of new development projects in the pipeline. BWH Hotels is comprised of three families of hotels—WorldHotels, Best Western Hotels & Resorts, and SureStay Hotels.
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.
Rosier began his hotel career in the Middle East where he held key commercial positions including Director of Sales at Sheraton Abu Dhabi Hotel and Resort, and Complex Director of Sales at The St. Regis Saadiyat Island Resort and The Westin Abu Dhabi Golf Resort & Spa. I am delighted to welcome Tomo to our resort team.
We signed a Master Collaboration Agreement with La Vie Hotels and Resorts which is set to add 30 hotels to our portfolio over the next decade across the SEAP region, which builds on the successful conversion and opening of three hotels in 2022. 2023 was a pivotal year for RHG where we expanded our relationship with key partners and operators.
In the latest Hotel Construction Pipeline Trend Reports from Lodging Econometrics (LE), the total Americas—comprising the U.S., Canada and Latin America—hotel construction pipeline stands at 6,399 projects/785,897 rooms. Certainly, these two chain scales will have the most new hotel openings through 2025.
Wyndham Hotels and Resorts has celebrated five years as a publicly traded, pure-play hotel company, this week (Jun 5), with the anniversary creating a significant buzz at the 45th Annual NYU International Hospitality Industry Investment Conference in New York. pipeline nearly 60% and its direct franchising pipeline in China by nearly 70%.
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.
InterContinental Hotels Group (IHG Hotels & Resorts) reported global RevPAR increased 3% for full-year 2024 vs. 2023, with a year-over-year increase of 4.6% ” 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).
YTD excluding the impact of removing rooms previously affiliated with The Venetian Resort Las Vegas); global system of 987K rooms (6,668 hotels) Signed 25.8K in the same quarter last year; global pipeline of 334K rooms (2,265 hotels), +9.4% in the same quarter last year; global pipeline of 334K rooms (2,265 hotels), +9.4%
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.” from year-end 2023, and its pipeline reached nearly 43,000 rooms. from year-end 2023, and its pipeline reached nearly 25,000 rooms.
According to the Q3 2022 Middle East Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the quarter, the hotel construction pipeline in the region stands at 535 projects/134,897 rooms. Of note, Wynn Resorts will open a new hotel on the island of Ras Al Khaimah.
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. Europe Choice continues to scale its presence in Europe through strategic partnerships and direct franchise agreements, adding more than 15 hotels year to date.
According to the Q4 2022 Construction Pipeline Trend Report for the Asia-Pacific region, excluding China, from Lodging Econometrics (LE), the region’s total construction pipeline stands at 1,903 projects/404,222 rooms, up 5% by projects and 2% by rooms year-over-year (YOY).
IHG Hotels and Resorts is set to introduce its Vignette Collection to Cambodia’s capital city of Phnom Penh through a partnership with Odom Living Co. Vignette Collection Phnom Penh Odom will be the second IHG property to open in Cambodia, following Six Senses Krabey Island.
During Intercontinental Hotels Group ‘s (IHG) first-half results presentation, Elie Maalouf, CEO, IHG Hotels & Resorts , revealed that the company will soon launch a new brand targeted at midscale conversion opportunities. For the first half of the year, ended June 30, IHG reported a 24% year-over-year RevPAR increase.
As seen in the most recent Construction Pipeline Trend Report for China from Lodging Econometrics (LE), the country’s pipeline stands at 3,666 projects/678,965 rooms. At the close of the second quarter, the total pipeline is slightly less than the all-time high of 3,711 projects/704,101 rooms set in the second quarter of 2022.
This move builds on the strategic collaboration that Hyatt and Lindner entered into in 2022, which increased Hyatt’s brand footprint in Germany and Europe, with the subsequent integration of most Lindner Hotels & Resorts and me and all hotels into the World of Hyatt loyalty program. The transaction closed on June 28.
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.
Iberostar); global pipeline 297K rooms (2,016 hotels), +5.5% rooms (194 hotels), one of the highest quarters on record Elie Maalouf, CEO, IHG Hotels & Resorts, said, “I was honored to take over as IHG’s group CEO in July and would like to thank our teams for delivering an excellent set of results. . YoY Q4 opened 19.2K
billion in 2023, with the first quarter of 2024 seeing hotel construction pipeline at an all-time high and record-high levels seen in the luxury, upper upscale, and upscale segments. Currently, we have 58 hotels trading and 47 in the pipeline. Hotel investment volumes in the region this year are projected to reach US$10.4
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%
With a highly selective approach focused on AAA destinations, Emblems seeks intimate, human-scale properties with a residential flair. With ten Emblems hotels already signed, we are on track to reach our target of fifteen hotels in development by the end of 2025, effectively doubling our pipeline in just one year.
“Global RevPAR in the first quarter of 2024 continued to grow, up 2.6%, reflecting the strength of our globally diverse footprint,” said Elie Maalouf, CEO, IHG Hotels & Resorts. YOY; the global pipeline at the end of the quarter was 305,000 rooms (2,079 hotels), up 6.6% year-over-year (YOY) and up 0.7% YOY, with U.S.
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. Additionally, of the rooms in the development pipeline, 216,600 were under construction and 259,800 were located outside of the U.S. for the fourth quarter and $4.33
India: Hotel franchising company Wyndham Hotels & Resorts has signed The Earth Amritsar, Trademark Collection by Wyndham, its first for the brand in India. With the support of Wyndham’s size, scale, and distribution we will deliver an elevated guest experience in a beautiful heritage setting unlike any other.”
The iconic Waldorf Astoria Hotels & Resorts brand will continue to expand in the most sought-out destinations around the world, adding to its current portfolio of 34 properties in 18 countries with a pipeline of 16 properties set to open in the coming years.
Wyndham Hotels & Resorts has revealed that its BOLD by Wyndham program has signed deals for 18 hotels across the U.S. With agreements for nearly 20 hotels in our pipeline, BOLD by Wyndham is proving there is opportunity in our industry for Black entrepreneurs and that our industry will be all the better for it.”
The Mining Exchange, a newly renovated, 128-room hotel in Colorado Springs, CO, has become the first property for Wyndham Hotels & Resorts’ Registry Collection Hotels brand in the U.S. Three years later, the growing portfolio now includes more than 20 world-class hotels around the globe, with nearly 10 more hotels in its pipeline.
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. At the market level, Toronto accounted for 18 per cent of the national pipeline rooms, followed by Ontario Central at 13 per cent and Vancouver at 11 per cent.
The appointment coincides with a focus on luxury expansion for Marriott, particularly in the Asia Pacific, a region that accounts for a third of Marriott International’s luxury hotels and over half of Marriott’s global pipeline.
He retired from IHG Hotels & Resorts in 2022 after 11 years with the company. Under his leadership, IHG launched five new brands in the Americas and grew to approximately 5,000 hotels open and in the pipeline. Noble Investment Group has appointed former IHG chief development officer, Americas Joel Eisemann as a senior advisor.
“In 2022, we saw demand return strongly in most of our markets, pushing group RevPAR back close to 2019 levels and fee margin ahead,” said Keith Barr, IHG Hotels & Resorts. ” System size and pipeline progress Global system of 912,000 rooms (6,164 hotels) at Dec. YOY Fee margin of 56.2%, +6.6% pts vs. 2021 (+2.1%
About BWH SM Hotels BWH Hotels is a leading global hospitality enterprise comprised of three hotel companies: WorldHotels TM , Best Western® Hotels & Resorts, and SureStay® Hotels. With 19 brands across every chain scale segment, from economy to luxury, BWH Hotels suits the needs of developers and guests in every market.
The property also features an outdoor resort style saline pool, fire pit and grill area. Amenities include complimentary daily breakfast, multifunctional community space, the Spin2 Cycle combined laundry and fitness area and Home2 MKT for grab-and-go items. miles from Olde Towne Conyers.
Wyndham Hotels & Resorts has signed 60 new ECHO Suites hotels, including what will be the brand’s first hotels in Canada. With the addition of MasterBUILT Hotels, ECHO Suites Extended Stay by Wyndham now has a pipeline of 265 hotels across the U.S. PARSIPPANY, N.J. appeared first on Hotelier Magazine.
Wyndham Hotels & Resorts has signed 60 new hotels for its ECHO Suites Extended Stay by Wyndham brand, including what will be the brand’s first hotels in Canada. The result is a brand that resonates as strongly with hotel developers as it will with guests.
The site is situated across from the newly expanded Las Vegas Convention Center, adjacent to Fontainebleau Las Vegas and near Resorts World Las Vegas. The project will be located on the 27-acre site at 2601 South Las Vegas Blvd. and include several ultra-luxury hotels.
“Our expansion strategy reflects three key principles: selecting destinations with rich cultural narratives, partnering with world-renowned architects who understand our vision of cultural authenticity, and maintaining an intimate scale across most properties to ensure highly personalised service.
InterContinental Hotels Group PLC (IHG) and Iberostar Hotels & Resorts have signed a long-term commercial agreement for resort and all-inclusive hotels. Up to 70 hotels (24,300 rooms) will be added to IHG’s system under the Iberostar Beachfront Resorts brand, which will become the 18th brand for IHG.
Destination by Hyatt is a collection of more than 55 independent hotels, resorts and residences. Upcoming launches include: • Banyan Cay Resort and Golf (Florida) – expected to open in summer 2023, the 18-hole golf resort will mark the entry of the Destination brand in Florida. . •
“Their unique combination of skills and deep expertise in their respective markets, along with successful runs in franchise, brand and real estate development are invaluable assets that will help fuel Aimbridge’s continued growth on a global scale.” Latin America and the Caribbean. for the Real Estate Group.
UK: Watergate Bay Hotel has acquired the the Sands Resort property in Cornwall, which it will covert into an aparthotel under its Beach Retreats brand. The brand works with owners, second home owners and small scale developers to manage and market their properties on the coast. This is the first acquisition for Beach Retreats.
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