Articles tagged “hotel development”

Hyatt is benefiting from luxury travel while competitors struggle with more budget-conscious customers. About 70% of its portfolio is in the top tier.

Marriott has seen softness in revenue per available room, or RevPAR. But development pipelines and loyalty member gains could drive future growth.

India's hospitality growth story is now officially beyond the one-hotel-at-a-time stage.

Sanjay Sethi's decision to step down as the CEO and MD after a decade points to a possible change in the way the company operates as it faces stiff competition in an intense industry landscape.

Price-conscious travelers made fewer trips this spring in the U.S., but hotel developers have shown confidence by signing up for franchise contracts in record numbers.

Hilton generated higher profit and revenue year-over-year. But executives cautioned that softer spending and broader uncertainty have left hotel demand underperforming expectations.

The Leela is entering a new phase of expansion following IPO, but it is not straying away from its luxury proposition as it focuses on expanding offerings at its current properties.

It says something about the strong demand for extended stay in the U.S. that Hilton already has over 90 contracts signed for its new long-stay brand, LivSmart Studios.

Accor has doubled its premium hotel volume since 2019 and premium now accounts for half its fees from new signings. Yet to grow further in developing markets, it may need to get creative by adding local brands and training local talent.

Marriott and developer Truman have unveiled a luxury hotel and residential complex that's a win for them but also for Calgary's effort to create an events district downtown.