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IHG to Open 10 Holiday Inn Express Hotels in India

IHG to Open 10 Holiday Inn Express Hotels in India

BANGALORE—InterContinental Hotels Group (IHG) has signed a deal with South India real estate developer, Brigade Group. Under the agreement, 10 Holiday Inn Express hotels are to be built in southern India, owned by Brigade Group and managed by IHG. The ...

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U.S. Hotel Pipeline is Stuck in Low Gear

U.S. Hotel Pipeline is Stuck in Low Gear

New hotel openings in the United States continue to be in a slow but steady uptrend since 2011’s cyclical bottom of 346 projects (37,193 rooms). Lodging Econometrics’ forecast for new openings in 2015, at 739 projects (82,587 rooms), represents a ...

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Hotel Construction Ramping Up in Unexpected Places

Hotel Construction Ramping Up in Unexpected Places

The U.S. RevPAR recovery is well underway. With operating fundamentals now nearing or surpassing the prior peaks of 2007 and room demand at an all time high, industry participants feel positive. But, as always in the lodging industry, positive news ...

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Caribbean Hotels Trending Upward

Caribbean Hotels Trending Upward

ATLANTA—PKF Consulting USA (PKFC) announced that the average Caribbean hotel enjoyed a 10.9 percent increase in net operating income (NOI) in 2012, according to its newly released 2013 edition of Caribbean Trends in the Hotel Industry. This is the second ...

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Best Western International Continues to Grow Premier Brand

Best Western International Continues to Grow Premier Brand

PHOENIX—Best Western International introduced its Best Western Premier branded hotel to North America in 2011. With more than 150 Premier hotels worldwide in gateway cities like Barcelona, Beijing, Brussels, Istanbul, London, Melbourne, Nairobi, Paris, Seoul, Stockholm, and Zurich, Best Western ...

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