Cameron Sperance

Coronavirus

Soho House Owner Risks Cool Factor in Pursuit of Profitability

Membership Collective Group and its leading brand Soho House haven’t seen profitability since the first club opened more than 25 years ago. Opening more clubs at reduced costs can lead to profits, but that also risks diluting the exclusivity once associated with the brand.
Coronavirus

China’s Omicron Setback Not a Deterrent for Hotel Developers

China's national hotel performance sank amid an Omicron surge that is gripping major cities on the mainland as well as Hong Kong. But you wouldn't know that based on the development interest in the region from major companies like IHG.
Coronavirus

European Hotel Performance Tumbles Since Ukraine War

It's still only one data point, but Europe's softened hotel performance is a warning signal to major hotel company executives who previously tried to downplay the impact the Ukraine War would have on their European portfolios.
Coronavirus

IHG Turns to Greater China to Expand Global Development

The Americas still takes the (slightly) biggest piece of IHG's development pipeline pie, but Greater China is vaulting forward each year with new signings and higher room counts for the company behind brands like Holiday Inn and InterContinental.
Hotels

Hilton, Hyatt, and Accor Freeze Hotel Development in Russia

Western hotel companies are still operating in Russia, but this is a notable step for an industry that has been a holdout amid all the companies ditching their presence in the country following its invasion of Ukraine.