LONDON—IHG Hotels & Resorts continued the growth of its newest midscale conversion brand Garner hotels, now available across IHG’s Europe, Middle East, Asia & Africa (EMEAA) region. This marks a milestone towards Garner reaching its goal of more than 500 hotels in the next 10 years, and 1,000 hotels over the next 20 years. This follows IHG’s announcement at the International Hospitality Investment Forum (IHIF) in Berlin, of a long-term agreement with NOVUM Hospitality to
CoStar: U.S. Hotel Rooms Construction Grows Year Over Year
Category: Featured, Finance, Finance & Development, Market Reports
WASHINGTON—The volume of U.S. hotel rooms under construction grew year over year for the first time since June 2023, according to CoStar’s March 2024 data. U.S. Hotel PipelineMarch 2024 Percentage change from March 2023In construction: 156,525 rooms (up 1.5 percent)Final planning: 263,316 rooms (up 9.8 percent)Planning: 324,522 rooms (up 39.5 percent) “While the number of rooms in construction has grown, that figure remains below what was seen prior to the pandemic,” said Isaac Collazo, STR’s
PARSIPPANY, New Jersey—Designed for businesses of all types and sizes, the Wyndham Business program manages companies’ travel needs with the all-new Wyndham Rewards Business, a B2B extension of Wyndham’s rewards program. Enrolled companies can earn points on qualified business stays while taking advantage of existing and new benefits including room discounts, direct billing, hands-on account support, and more. “Managing a business is complicated enough—managing employee travel shouldn’t be. Whether you’re a small startup or an
Seven Ways Hoteliers Can Foster Better Partnerships With Meeting Planners
Category: Meetings & Events, Operations
The meetings and events business continues to draw visitors from around the world to the most desired destinations. The path back seems smoother than ever for hoteliers who are getting their groove back. Indeed, the meetings industry continues to be an essential revenue driver for increasing profitability for hotels of almost any size. For meeting planners, however, the story may be a little different. As businesses turn to meeting planners to ensure their events are
DiamondRock Hospitality Company announced leadership changes and a simplified organizational structure to drive continued business momentum: Jeffrey Donnelly, previously executive vice president and chief financial officer, has been appointed chief executive officer. Donnelly is expected to join the company’s Board of Directors after the 2024 Annual Meeting of Stockholders, which will be held in May. He succeeds Mark Brugger, who, after 20 years of service, is departing the company. Briony Quinn, previously senior vice president and
