The Hotel Conversation’s Post

Wyndham Hotels & Resorts' pipeline hits a record high in Q2. 📈 “Wyndham has ‘lots of deals out there on the horizon,’ CEO Geoff Ballotti said, adding that deals signed in Q2 bolstered ‘phenomenal’ pipeline growth for the hotel company in the quarter.” Key highlights of Q2 earnings include: 🔹 Across Wyndham’s portfolio, the company opened more than 18,000 rooms globally in the second quarter, including more than 7,000 in the U.S., which represented a year-over-year increase of 16%.  🔹 A significant portion of the projects in the pipeline are ECHO Suites, which launched in 2022 and opened its first location in Spartanburg, South Carolina, this month. The brand has a pipeline of roughly 270 hotels, or more than 33,000 rooms, making it Wyndham’s “fastest-growing brand,” Ballotti said.  🔹 Wyndham added 11 upscale extended stay hotels and 1,500 rooms to its network through a strategic partnership with WaterWalk. Extended stay remains a highly competitive category industry wide. Hotel Dive has the full story: https://lnkd.in/g4xGJ6GY

🏨 The UK Hotel Market 2024: Premier Inn Emerges as the Dominant Force As of mid-2024, Premier Inn leads the UK hotel market with its extensive network and high occupancy rates. Hilton and Marriott Hotels excel in the luxury segment, while Dalata Hotel Group emerges as a competitive force with its growth and value-oriented offerings. Premier Inn: The Unrivaled Leader 🌟 - Premier Inn, part of the #WhitbreadGroup, remains the largest hotel brand in the UK by several measures. - Impressive Expansion: In 2024, Premier Inn is set to open 8 new hotels, bringing its total to over 800 properties across the UK (Source: Premier Inn New Hotels). These latest additions are strategically planned to enhance their presence in key locations. - Strong Occupancy Rates: Premier Inn reports an impressive 82% occupancy rate, highlighting its popularity and reliability among travelers (Source: Statista). Strategic Growth: Premier Inn continues to focus on expanding in high-demand urban areas and upgrading existing properties to enhance guest experiences. Why Premier Inn Is the Biggest Player: Premier Inn’s extensive network and consistent quality of service make it the top choice for budget-conscious travelers across the UK.

People on the Move: Iconic Luxury Hotels has promoted Francisco Macedo, MSc FIH SJS MI to senior vice president of asset management. Read about this and other recent #appointments in the #hospitalityindustry: #HOTELS #hotelnews #hospitality #hotelindustry #hospitalitynews #hoteliers

C&W HOTEL MARKET SPOTLIGHT – EDINBURGH Q1 2024 ⭐ Edinburgh’s hotel sector outperformed the UK national average in revenue growth, showing a healthy performance for the first quarter of the year despite an ongoing increase in the supply of hotels. ⭐“It’s encouraging news for Edinburgh hoteliers, particularly as VisitScotland recently announced that Scotland broke its record for the number of international visitors last year. There’s also been an uplift in the number of hotel investment transactions that took place in Edinburgh last year, which again was unique to the city compared to the rest of the UK where annual volume of sales decreased in 2023.” - Carl Ridgley, Head of Hospitality Valuation & Advisory at Cushman & Wakefield Read more by downloading our Edinburgh Hotel Market Spotlight: https://lnkd.in/evMG-vXD Subscribe now to receive tailored updates and expert analysis delivered directly to your inbox: https://lnkd.in/ebPWfeEJ 📑 For further information and support with your hotel real estate in the UK, contact our experts Ed Fitch, Carl Ridgley, or Richard Candey, or contact us at HospitalityEMEA@CushWake.com Data source: HotStats (consistent sample of primarily upper-upscale branded hotels in Edinburgh) #CWHospitality #HotelInvestment #HotelRealEstate #UKHotels

Wyndham Hotels & Resorts’ Q2 numbers are in, with CEO Geoff Ballotti highlighting the growth of the Echo Suites brand, even amid a dip in economy segment fundamentals. Check out HOTELS’ full report. #HOTELS #hotelnews #hospitality #hospitalityindustry #hotelindustry #hospitalitynews #q2 #wyndhamhotels

Portfolio expansions are reshaping ANZ's top hotel owners and operators. CBRE shares insights on how these developments are transforming the hospitality landscape. 🏨📈 #HospitalityGrowth #HotelIndustry #AccomNews Read more via the link below.

It’s well-documented that the pandemic underscored the true value of extended-stay hotels, particularly in comparison to other hotel segments. https://ow.ly/Nic950QF9KQ #hotels #hospitality #ownershipseries

Hotel Investment Today: Many in the hospitality industry are saying that Choice is the challenger to watch in the upscale and upper upscale hotel segments. In this exclusive interview with Hotel Investment Today, Mark Shalala, senior vice president development – upscale brands and real estate, Choice Hotels, lists the macro and micro questions investors should ask to optimize their upmarket strategy. https://lnkd.in/e-_d9NiG

The hotel scuttlebutt du jour: Hyatt Hotels Corporation is reportedly in advanced talks to link up with Standard International, LLC, the parent company of Standard Hotels. Some might see it as Hyatt's latest lifestyle hotel acquisition after brands like Dream Hotel Group and Thompson Hotels. Some hotel snobs (not me, obviously. Cough.) would argue it's Hyatt *finally* bringing on legit lifestyle hotel experts who know a thing or two about what the competition and even certain existing Hyatt lifestyle brands don't have: staying power. More at The Points Guy: https://lnkd.in/exiFN_4E

We talked to Marc Weller and took a deeper dive into the details of the new $2.5 billion strategic partnership between Weller Development Partners and Mohari Hospitality. #hotelinvestmenttoday #hotel #hospitalitynews #hotelnews #hospitalityindustry #hospitality