Hotel development tips

Hilton to Double Lifestyle Hotel Portfolio to 700 - skift.com - Croatia - Lithuania - county Andrew
skift.com
03.06.2024

Hilton to Double Lifestyle Hotel Portfolio to 700

Hilton Worldwide said Monday it’s set to double its current count of lifestyle hotels to 700 by 2028. It appointed Kevin Osterhaus as its new global lifestyle president to help oversee the effort.

Minor Hotels CEO Plans to Fill Portfolio Gaps in India, U.S. - skift.com - India - Thailand - city Bangkok
skift.com
16.06.2024

Minor Hotels CEO Plans to Fill Portfolio Gaps in India, U.S.

Minor International runs 540 hotels and aims to grow that count about a third by 2026.

IHG Tilts Toward Mid-Market as Owners Balk at Premium Hotels - skift.com - Germany - Japan - region Americas
skift.com
11.06.2024

IHG Tilts Toward Mid-Market as Owners Balk at Premium Hotels

InterContinental Hotels Group (IHG) has a long-term plan to shift its mix of properties to reflect more premium, lifestyle, and luxury brands. But for now, many hotel investors are balking — preferring mid-market and extended stay brands.

TGI Fridays Checks Into Running Hotel Restaurants - skift.com - Los Angeles - Britain - county Dallas - state California - city Chicago - county Worth
skift.com
10.06.2024

TGI Fridays Checks Into Running Hotel Restaurants

TGI Fridays has opened a restaurant inside the Hilton Garden Inn in Los Angeles/Hollywood, California. The fast-casual food chain hopes that other hotel owners will also hire it to take over similarly underperforming restaurants.

Marriott Reveals First Look at Its Newest Hotel Brand - skift.com - New York - Marriott
skift.com
03.06.2024

Marriott Reveals First Look at Its Newest Hotel Brand

Marriott International revealed details to Skift on Monday about its newest hotel brand — temporarily named Project Mid-T — in the “midscale” hotel category. The hotel giant said the new brand is primarily aimed at developers converting existing hotels rather than new construction and is meant to appeal to travelers worldwide.

Wyndham CEO Targets Global Growth and Premium - skift.com - Switzerland - New York - state Michigan - county Lake - city Detroit, state Michigan - city Geneva
skift.com
03.06.2024

Wyndham CEO Targets Global Growth and Premium

Wyndham’s top boss wants to shed his hotel group’s reputation for focusing on economy hotels in the U.S. through a strategy to expand worldwide and offer brands that range from economy to luxury.

Minor Hotels Aims to Expand Portfolio by a Third by 2027 - skift.com
skift.com
20.05.2024

Minor Hotels Aims to Expand Portfolio by a Third by 2027

Minor Hotels reported first-quarter results, reaffirming its plans to add 200 hotels worldwide by the end of 2026 — a 36% increase in its portfolio.

Florida Hotels Are Beating Other U.S. Markets in Pricing Power - skift.com - state Florida
skift.com
20.05.2024

Florida Hotels Are Beating Other U.S. Markets in Pricing Power

A report JLL Hotels & Hospitality will publish this week finds that the Sunshine State’s top hotel markets have been outpacing national averages for revenue growth. Florida’s markets have also shown gains in pricing power even after adjusting for inflation. These trends are encouraging further hotel development there, says JLL.

Marriott: U.S. Market Is Cooling Amid Global Hotel Boom - skift.com - China - Canada - Marriott
skift.com
01.05.2024

Marriott: U.S. Market Is Cooling Amid Global Hotel Boom

Marriott raised its forecast for 2024 profitability on Wednesday after predicting continued travel demand worldwide. But analysts spent the earnings call focused on travel booking behavior in the U.S., where post-pandemic domestic demand may be cooling.

Premier Inn to Grow Hotel Room Count by 25% Before 2030 - skift.com - Germany - Britain
skift.com
30.04.2024

Premier Inn to Grow Hotel Room Count by 25% Before 2030

Premier Inn’s parent company, Whitbread, announced on Tuesday an “accelerating growth plan” for the budget hotel group, which owns about 800 hotels in Britain and dozens more in Germany.

Wyndham Pushes Premium Strategy After Fending Off Choice's Bid - skift.com - state New Jersey
skift.com
25.04.2024

Wyndham Pushes Premium Strategy After Fending Off Choice's Bid

Wyndham‘s executives saw March 11 as a fresh start for their hotel franchising company – that was the day Choice Hotels abandoned its hostile merger bid.

Marriott and IHG to Add About 100 Hotels Each in Europe - skift.com - Spain - Germany - Italy - Britain - Marriott
skift.com
15.04.2024

Marriott and IHG to Add About 100 Hotels Each in Europe

Marriott and IHG each announced Monday their latest expansion plans in Europe. Marriott set its sights on adding nearly 100 hotels by 2026, while IHG signed a deal to add more than 100 in Germany.

Oyo CEO Discusses Personal Highs and Lows, Shark Tank - skift.com - India
skift.com
30.03.2024

Oyo CEO Discusses Personal Highs and Lows, Shark Tank

Ritesh Agarwal launched Oyo with the ambition of becoming the world’s largest hotel chain. After experiencing some pandemic-era struggles, Oyo has seen the hotel business rebound strongly. Its vacation rental subsidiary in Europe has also done well.

Hilton Investor Day: 3 Top Takeaways - skift.com
skift.com
21.03.2024

Hilton Investor Day: 3 Top Takeaways

Hilton held a private presentation for investment analysts at its U.S. headquarters this week and executives presented 223 slides.

Marriott Won't Miss Out on India's Wedding and Religious Tourism - skift.com - China - India - county Fairfield - city Bangalore - Marriott
skift.com
20.03.2024

Marriott Won't Miss Out on India's Wedding and Religious Tourism

Marriott’s journey in India began 25 years ago. The company today boasts of over 100 hotels, with another 79 in construction. 

Hyatt Sees China Supporting Hotel Development Amid Property Crisis - skift.com - China
skift.com
17.03.2024

Hyatt Sees China Supporting Hotel Development Amid Property Crisis

Hyatt has bet big on developing hotels in China despite recent turmoil in the commercial real estate market. Hyatt executives acknowledged the risks Thursday, but explained reasons for optimism.

Hoshino Resorts: This CEO Built an Iconic Japanese Hotel Brand - skift.com - Japan - city In
skift.com
17.03.2024

Hoshino Resorts: This CEO Built an Iconic Japanese Hotel Brand

Hoshino Resorts is small but punches above its weight. It only has 68 hotels, but several of them regularly top the most-recommended lists of Conde Nast Traveler and Travel + Leisure.

Hilton Buys Graduate Hotels Chain - skift.com - county Dallas - state Alabama - state Texas - county New Haven - city Austin
skift.com
14.03.2024

Hilton Buys Graduate Hotels Chain

Hilton will spend $210 million to acquire Graduate Hotels, a hotel brand that builds and runs 33 hotels near U.S. and U.K. universities, it said Thursday. The brand caters to college alumni, students, and communities with hip, nostalgic-themed design and campus-centric amenities.

Wyndham Results Hurt By Cost of Choice Hotels' Hostile Bid - skift.com - state Colorado - state Vermont - Washington - state Kansas
skift.com
15.02.2024

Wyndham Results Hurt By Cost of Choice Hotels' Hostile Bid

Ever since Wyndham said ‘No’ to Choice Hotels’ offer last year to buy it, executives have been sandbagged by work related to preventing the hostile merger.

Hilton CEO Sees 'Opportunity' For Hotel Acquisitions - skift.com - Los Angeles - New York - city London - city Las Vegas
skift.com
09.02.2024

Hilton CEO Sees 'Opportunity' For Hotel Acquisitions

Hilton executives said Wednesday that acquisitions are possible – a shift from the past 16 years when it has focused on creating new brands rather than buying up existing ones.

IHG Americas CEO Spearheads Luxury and Lifestyle Revival - skift.com - Los Angeles - Japan - China - city Atlanta - city Chicago - county Miami - county Napa - city Santa Monica
skift.com
25.01.2024

IHG Americas CEO Spearheads Luxury and Lifestyle Revival

Jolyon Bulley became IHG’s CEO of the Americas in July 2023. He has big shoes to fill — his predecessor, Elie Maalouf, ascended to group CEO.

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