IHG Hotels & Resorts (IHG), one of the world’s leading hotel companies, continues to deliver accelerated growth across its UK & Ireland (UK&I) market with the signing of eight hotels
Global Asset Solutions reports 35% EBITDA growth
Global Asset Solutions has marshalled EBITDA growth of 34.63% YoY to August 2024, across its expanding portfolio of luxury hotels.
Radisson Hotel Group boosts its Italian portfolio with 5 signings and introduction of new brands to the region
Radisson Hotel Group expands its Italian portfolio with five new signings and seven upcoming openings, marking a significant milestone in its growth strategy and reinforcing its commitment to introduce its in brands key travel markets.
New Vietnam-based Hotel Consultancy eyes further growth
Wafaifo Hospitality in Vietnam has signed a new agreement with its founding partners.
Virgin Hotels & Resorts applauds trio of financial management solutions supporting its growth
Formed to shake up the hotel industry, Virgin Hotels, a luxury lifestyle brand, is on a fast-track for growth. Its properties in Chicago, Dallas, Las Vegas, Nashville, New Orleans, and New York each opened with a trio of Aptech financial management solutions, and hotels in Miami, Philadelphia and Denver will follow suit in the next few years. Virgin Hotels Chief Financial Officer Harris White said Aptech’s PVNG enterprise accounting, Execuvue business intelligence, Targetvue budgeting and forecasting, and automated invoice processing has been the financial systems support the company needed to weather the pandemic and prepare for future growth.
Marriott International announces robust growth across the Caribbean and Latin America in 2023
Following its recent announcement of strong global net rooms growth and a record year of global rooms signings, Marriott International today announced a year of robust room signings and additions across the Caribbean and Latin America (CALA) in 2023. The company nearly doubled its number of organic deal signings in the region versus prior year, signing 57 transactions and nearly 7,300 rooms in 2023 to reach a solid pipeline of 24,000 rooms across the region at the end of last year.
HotelREZ outpaces market at 52% growth
HotelREZ Hotels & Resorts, one of the world’s leading hotel representation companies, has outpaced the market with 52% revenue growth with reservations up by over 42% in the past 12-months.
Extended Stay America celebrates 20% growth in franchise portfolio
Extended Stay America, the leading mid-price extended stay brand, announced today its growth outlook through franchising, following the momentum from a strong year of milestones, including 20% growth of its franchise portfolio across its family of brands: Extended Stay America Premier Suites, Extended Stay America Suites and Extended Stay America Select Suites.
IHG’s expansive culinary brand portfolio achieves high-quality growth
IHG continue to retain their prestigious awards, a recognition of the outstanding performance of the Group’s food and beverage brands and the teams behind them, as well as a testament of IHG’s unchanging dedication to exceptional service. With the upcoming Chinese New Year marking a peak in food and beverage activities, IHG is strategically positioned to showcase its expertise by seamlessly integrating F&B segments within hotels.
IDeaS names Michael McCartan to lead growth across Europe, Middle East, and Africa
IDeaS Revenue Solutions, the world’s leading provider of automated revenue management software and services, announced today that Michael McCartan has joined the company as area vice president for Europe, the Middle East, and Africa (EMEA) effective March 2, 2023. McCartan will drive the company’s growth and expansion in one of the hotel industry’s most strategic regions.
