What the Q1 Numbers Say About One of the Fastest Growing Hotel ...

First quarter results were buoyed by a healthy rate growth recorded across the group's hotel portfolio, particularly in Europe and Thailand.

Hotel industry trends that drove RevPAR declines, pipeline growth in ...

Marriott, Wyndham, IHG and others saw revenues down year over year in the first quarter of 2024, but development pipelines expanded, with conversions and ...

U.S. hotel commentary - May 2024 - STR

US hotel RevPAR rose 4% year over year (YoY) in May, following a 1.9% increase in April, marking the second consecutive month of growth after a slow Q1.

Extended stay 'dominates' record US hotel construction pipeline

The pipeline reached 6,065 projects, or 702,990 rooms, in the first quarter, growing 9% and 7% year over year, respectively. Hotel projects ...

How Major Hotel Brands Size Up Their Development Pipelines After ...

"We opened over 13,000 rooms globally, 27% more rooms than we opened last year, our largest first quarter of room openings since going public ...

Choice Hotels International Reports First Quarter 2024 Results

In April 2024, the company further strengthened its revenue-intense portfolio by relaunching Park Inn by Radisson, a premium conversion brand ...

Hilton Q1 RevPAR comes in at low end of guidance, but group ...

In the quarter, Hilton we opened more than 100 hotels totaling ~17,000 rooms and achieved net unit growth of 5.6%. Conversions accounted for 30% ...

Wyndham Hotels & Resorts Reports Strong First Quarter Results

The Company remains solidly on track to achieve its net room growth outlook of 3 to 4% for the full year 2024, including an increase in its retention rate ...

InterContinental Hotels Group Reports Q1 Trading Results

Gross system size growth +5.0 percent YOY, +0.7 percent YTD; opened 6,300 rooms (46 hotels) in Q1, +11.1 percent more YOY adjusting for ...

Hotel Earnings: What We Learned This Week – in 2 Minutes - Skift

Marriott saw a 16.5% spike in revenue-per-available room there thanks to strong economic winds, ongoing growth in leisure and business travel ...

Host Hotels & Resorts, Inc. Reports Results for the First Quarter 2024

Comparable hotel EBITDA was $435 million for first quarter of 2024, a 2.9% decrease compared to first quarter of 2023, leading to a comparable hotel EBITDA ...

Q1 Trading Update to 31 March 2024 - InterContinental Hotels Group

“Global RevPAR in the first quarter of 2024 continued to grow, up +2.6%, reflecting the strength of our globally diverse footprint. There was an ...

Earnings call: Hilton surpasses Q1 expectations, eyes growth amid ...

Over 100 hotels were opened in Q1, contributing to a 5.6% net unit growth. ... So, Q1 is, I think a good demonstration of great discipline ...

Q1 2024 Investor Presentation

membership growing at a faster rate than our ... Occupancy: Occupancy represents the total number of rooms sold divided by the total number of rooms available at ...

Q1 2024 Host Hotels & Resorts Inc Earnings Call - Yahoo Finance

Turning to business mix. It is worth noting that this quarter, we are referring to revenue growth for our business mix segment as revenue per ...

Hyatt Reports First Quarter 2024 Results

Our pipeline also reached a new record, expanding 10% year-over-year to 129,000 rooms, and we realized net rooms growth of 5.5%. World of Hyatt ...

Hospitality industry statistics: Key Hotel Stats & Trends 2024 update

The hotel market is further expected to grow at a CAGR of 13.0% during 2021-26, expected to be the fastest-growing segment in the hotel and ...

Chatham Lodging Trust Announces First Quarter 2024 Results

RevPAR growth at our five tech hotels in Silicon Valley and Bellevue accelerated 17 percent in the first quarter, and April RevPAR growth at ...

Hospitality industry: All your questions answered (2024 update)

... one of the world's fastest-growing industries ... As a result, a growing number of international hotel companies have developed ...

75+ Hotel Industry Statistics You Shouldn't Ignore in 2024 - ZoomShift

Hotels experienced a 1.1% market growth YoY between 2018 to 2023. The global hotel occupancy for June 2023 was 32% compared to 36% in 2019. ( ...