Following a boom year for profits in its hotel and resorts division, South Korea’s Hotel Lotte has committed to increase its rate of expansion for the business both in its home market, and in adjacent markets such as Vietnam.
Spanish hotel group Melia has set ambitious targets to open and sign more hotels and resorts internationally, as it looks to build a more nimble business based around its luxury brand portfolio.
May 2024 saw Millennium Hotels and Resorts open its first hotel in Jeddah, Saudi Arabia. The 252 room Millennium Jeddah is the latest addition to the company’s presence across the kingdom, joining eight other hotels across the cities of Hail, Jazan, Madinah, Makkah and Tabuk.
Hyatt Hotels has built a strong pipeline of new resorts across the Caribbean and Latin America, expanding its portfolio of brands including its extensive all-inclusive resort offering
From its roots in Ireland in 2007 as a hotel operator, Dalata has grown to an international hotel business, taking its Clayton and Maldron brands first to the UK and now into mainland Europe
Investment company KKR has teamed up with Marriott, launching its Four Points Express by Sheraton brand with the conversion of 14 Japanese hotels, and converting a London hotel to another Marriott brand
With plans to develop its boutique hotels portfolio and add more branded residences around the globe, Jumeirah has revealed a brand refresh.
Spanish hotel group Barcelo has lined up a string of openings through 2024 and 2025, as it accelerates its growth following a strong performance in 2023. As well as new hotel launches, the group plans upgrades and refurbishments at several of its existing properties, altogether representing an investment of more than USD400m.
A strong recovery in visitor numbers in South Korea is boosting hotel development activity, as international brands look for opportunities to expand their business in the country
A relative newcomer to the Indian hotel market, Minor Hotels from Thailand is making up for lost time with plans to substantially expand its presence there via its Anantara, Avani and NH Collection brands
Luxury serviced apartment group Cheval Collection is expanding its presence in the Middle East, signing to brand a new build project in Riyadh, Saudi Arabia
Two new Spanish destinations have been signed by hostel operator Safestay, as it finds opportunities to grow by acquisition and by signing management agreements.
With a strong portfolio of brands, H World International is looking to grow its global presence, expanding Chinese brand Ji into the Middle East while also building its European brands such as Steigenberger
A strong performance during 2023 at Australian hotels has encouraged developers to take a closer look at the sector, and the big brands are signing up to new hotel projects, as they move from planning to construction
While a newcomer to the extended stay space, stayAPT Suites is building a strong pipeline and now has a new development partner to expand its portfolio across the USA
Choice Hotels is to double its presence in the French market, after agreeing a strategic partnership with hotel operator Zenitude.
A new multi-hotel signing in Germany has catapulted forward the growth of IHG latest conversion brand, Garner, giving it an immediate strong presence in the German market.
German tour group TUI is expanding its portfolio of directly managed hotels and resorts across Africa, in order to meet a growing demand for medium haul leisure destinations.
IHG Hotels & Resorts has signed a long term agreement that is set to double its hotel presence in Germany. A partnership with German operator Novum Hospitality will see Novum’s current portfolio and pipeline properties, totalling up to 119 hotels, convert to IHG brands over the next few years.
After a year of consolidation in 2023, European group Room Mate is now poised to grow fast, as it seeks out smaller hotels in gateway cities of Europe to add to its portfolio.
With some of the fastest growing brands across EMEA and South East Asia, Radisson is building an ever stronger pipeline of hotels, supported by partners such as PPHE
Travellers are subtly changing they way they search online for new adventures, and Hilton has shared new data from its own booking websites to understand where the new demand lies
Marriott is seeing a growing number of its new hotel signings in Europe coming from conversions, either existing hotels rebranding to Marriott flags, or as unloved offices and shops convert to hotel use.
Having launched its Vignette brand in 2021, IHG is now building a strong pipeline of properties to launch as part of a collection that is distinctly different from hotel to hotel, but united by common standards
Marriott is working hard to grow its presence in the east European market of Poland, with its playful Moxy brand taking the lead as it works through a pipeline of close to a dozen new openings
As demand continues to strengthen for resort hotels, the major brand groups are responding, and Hilton has signed a string of new properties to its pipeline of European resort offerings
Plans are being laid for German hotel group Motel One to list on the stock market, as it plans to ramp up its pace of international expansion, including growth in the USA
The recently launched Halyard Liverpool, Vignette Collection is one of 12 properties around the world to join the luxury and lifestyle brand in 2024.
The hosting of the Open championship in 2025 has acted as a catalyst for hotel development in Northern Ireland, where international brands are now starting to make their presence felt.
Already a highly significant hotel brand in the USA and in Asia Pacific, Marriott has redefined its Fairfield hotel design for European tastes, launching the brand in Copenhagen ahead of a Europe-wide rollout
Europe’s hotel markets saw fewer properties bought and sold in 2023, as higher interest rates and tighter lending conditions restricted deal making.
Abu Dhabi has set out plans to grow travel and tourism’s contribution to its economy, with a series of growth targets set for 2030 as it aims to draw in ever more international visitors
Serviced apartment operator Cheval Collection has recognised the value of being part of a larger distribution network, and has agreed to join the Global Hotel Alliance
A strong rebound in India’s hotel market has investor confidence growing, while international brands are looking to grow their market presence signing hotels in second and third tier Indian cities
It is almost 50 years since IHG first entered the Chinese hotel market, and today the group continues to grow its presence in smaller Chinese cities, having grown an impressive portfolio with more than 700 hotels open.
Investors are clamouring to acquire mountain resort hotels in the Alps. Europe’s highest resorts are much in demand, as climate change means those at lower altitudes suffer from less reliable winter snowfall
It has taken time, but Hong Kong’s hotel market is finally recovering from the pandemic, with rising numbers of mainland Chinese and international visitors, boosting the destination’s hotel occupancy
Supported by a strong economic outlook, Ireland’s hotel sector is set for a period of steady growth, as developers and international brands focus on building new properties in the capital Dublin, and regional city of Cork
Radisson Hotel Group is already the continent’s fastest growing hotel brand group, and the company has now appointed a new team to focus on growing its presence in Morocco, ahead of the 2030 soccer World Cup
Working in partnership with Marriott, developer AB Living is developing a pipeline of branded resort and residence projects in Mexico
With Asian travel volumes now returning to pre-pandemic levels, Hyatt is planning a well-timed tranche of hotel openings across the region in 2024
With its roots in Europe, Accor is further deepening and broadening its presence with a strong roster of hotel openings across its Premium, Midscale & Economy brands
Thai hotel group Centara has set itself a growth target that will ensure it jumps into the top 100 of global hotel companies by 2027, as it looks to expand across key Asian markets
Whitbread continues to grow its Premier Inn brand in its home UK market, while adding a presence in Ireland, and pushing on with expansion in Germany, where it has a strong pipeline of openings
European apartment operator numa is ramping up its pace of expansion, building its team as it plans its portfolio growth across Iberia, Nordics, and Italy.
A rebrand of the Deutsche Hospitality to H World International has signalled a global push to expand the European brand stable into additional markets across Asia and the Middle East
The fastest growing hotel group in Africa, Radisson is looking to consolidate on its lead by increasing its rate of hotel signings in key city markets across the continent
The award-winning House Collective has announced plans to open the House in Xi’an as the latest addition to its growing portfolio of ultra-luxury properties.
Oman has revealed plans for the creation of the new Omani Mountain Destination (OMD) on Jabal al Akhdar, making it Oman’s highest altitude development at 2,400m.
Following its 2023 acquisition of midscale Mexican hotel group City Express, Marriott is doubling down on its expansion in Central and Latin America with a raft of new signings across all segments of the hotel space
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