Another wave of hotel strikes unfurled in two major New England cities Tuesday, while one in Southern California continues to grip a Hilton-affiliated property.
Hotel Growth Pace: Marriott and Hyatt Lead
05.09.2024 - 02:53 / skift.com / Sean Oneill / Hilton Worldwide
On August 16, Marriott International opened its 9,000th property, with the debut of The St. Regis Longboat Key Resort in Florida. Meanwhile, Hilton Worldwide said Friday it had opened its 8,000th property.
Skift decided to put these hotel development milestones into perspective. What have been the long-term growth trends among the major hotel groups?
The big picture: Hilton has sustained the most rapid growth pace in property count among its peers in the past five years, though smaller Accor has made notable gains.
Hyatt had the biggest growth spurt of the public hotel groups, but that was a rise from a significantly smaller base.
Property counts don’t give a full picture. It helps to compare room counts, too. Some hotel groups have mostly select-service properties, which can find customers in more places than full-service hotels and thus boost overall room counts.
The big picture: By room count, Hilton has shown strong hotel development growth over the past five years compared with its peers.
Hyatt was the largest gainer by room count, but it started from a much smaller base than its rivals.
The long-term view: Rankings shift over time. Today’s numbers are a snapshot of a moment. It’s hard to believe that IHG could tout in 2011 it was the largest hotel group by number of rooms. IHG has since fallen behind to third place in the rankings.
CORRECTION:
Marriott leads in the competition for the largest membership in a hotel loyalty program, with over 210 million members. But its rivals are hot on its heels.
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