UK Welcomes New Era Of Value Travel As Travelodge Secures Eleven Hotel Acquisitions Including Freehold And Long-Leasehold Deals In Core Destinations

 

Travelodge is significantly ramping up its UK expansion strategy with the acquisition of eleven hotels across key cities, further strengthening its position in the budget accommodation market.

IHG reports FY2024 global RevPAR increase of 3%; acquires Ruby brand

 

InterContinental Hotels Group (IHG Hotels & Resorts) reported global RevPAR increased 3% for full-year 2024 vs. 2023, with a year-over-year increase of 4.6% for the fourth quarter. The company also announced that it has acquired the Ruby brand and related intellectual property from Ruby SARL for an initial purchase consideration of approximately $116 million.

China’s hotel pipeline holds steady at 3,779 projects

 

According to the latest China Construction Pipeline Trend Report from Lodging Econometrics (LE), China’s total hotel construction pipeline remained stable at 3,779 projects/681,915 rooms at the close of the fourth quarter of 2024, showing minimal change year-over-year (YOY).

Leisure Demand Continues To Drive Hyatt's Brand Growth In Europe

 

Hyatt's diverse brand portfolio reflects sustained growth, fueled largely by its independent collection and lifestyle brands

CHICAGO, Sept. 13, 2021 /PRNewswire/ -- Hyatt Hotels Corporation (NYSE: H) today announced that a Hyatt affiliate has entered into six new management and franchise agreements for hotels in Europe across The Unbound Collection by Hyatt, JdV by Hyatt, Hyatt Centric, and Hyatt Regency brands, further emphasizing a growing desire from travelers, World of Hyatt members, and owners for hotels that offer unique, differentiated experiences and foster genuine connections with people and cultures.