Latest news with #hotelgrowth
Skift
09-07-2025
- Business
- Skift
Wyndham Is ‘Sprinting' Towards Its 100-Hotel Mark in India
For Wyndham, India is an unmissable opportunity and the growth is rapid but not indiscriminate. It is still conscious about the markets, locations, and the brand mix it wants to bring here. Wyndham Hotels and Resorts is 'sprinting' to the 100-hotel mark in India, Rahool Macarius, the recently appointed market managing director for Eurasia, told Skift. 'We are actually doing it in a quarter of the time that other international brands have,' he said. Macarius rejoined Wyndham in January this year, and since then, the company signed eight hotels in the April-June quarter. Six hotels were signed last month alone, he said. 'Growth is absolutely phenomenal for us. I see a great pipeline and I want to reach the 100-mark as soon as possible,' he said. He further said the company will breach this mark 'probably this year' and if not, then 'definitely next year.' The company's present growth has been in Tier-2 and 3 cities in India, such as Ambala, Ranchi, Zirakpur, Ghaziabad. 'We are one of the companies that did not rise or explore from the metros. We gained traction from Tier-2 and 3 cities. A lot of our great leisure locations are in smaller cities,' Macarius said. The India Focus: Earlier this year, Wyndham President and CEO Geoff Ballotti said India saw the highest growth rates for the company in 2024 in terms of new hotel signings. He also said he saw India as a big opportunity. Speaking with Skift, Wyndham's President for EMEA Dimitris Manikis reiterated this. 'The infrastructure development and the blue collar workers that are going to be traveling across the country is where we see the enormous opportunity in the next few years,' Manikis said. India is witnessing a repeat of what has already happened in the U.S. and China. 'It is going to happen here. It's inevitable,' he asserted. According to Manikis, this is the time for India to build the story. 'It was about time for India to explore the potential that everybody was talking about for the last 30 years.' He said that India's 10-year plan for infrastructure development brought
Skift
08-07-2025
- Business
- Skift
IHCL Eyes Boutique Chain Acquisition to Drive Growth to 700 Properties by 2030
India's hotel growth story won't be built on mega-properties alone. Having snapped up boutique chains like Claridges and Tree of Life, IHCL is betting that small hotels in the right places can deliver big returns and faster market reach than legacy five-star sprawl ever could. Indian Hotels Company Limited (IHCL), the hospitality business of the Tata Group, looks to acquire boutique hotel chains as part of its effort to nearly double its hotel portfolio by 2030. The company currently has a portfolio of 392 hotels, including 143 under development globally across 14 countries and in over 150 locations. The company wants to grow to 700 hotels, with a total of 70,000 rooms by 2030. To meet this goal, IHCL would be investing around INR 12 billion ($142 million) each year. In the last earnings call, IHCL CEO Puneet Chhatwal said, the company has also allocated INR 250 million ($3 million) over three years to promote India abroad. At IHCL's 124th annual general meeting on Monday, Tata Group Chairman N Chandrasekaran talked about acquiring boutique hotels. The shift to smaller, often locally-rooted boutique hotels helps IHCL enter markets where large properties may not be viable. 'Everywh
Travel Daily News
03-06-2025
- Business
- Travel Daily News
CoStar, Tourism Economics downgrade U.S. hotel forecast through 2026
CoStar and Tourism Economics lowered 2025–26 U.S. hotel growth forecasts, citing weaker demand, higher costs, and cautious consumer sentiment. WASHINGTON – CoStar and Tourism Economics downgraded growth projections in a revised 2025-26 U.S. hotel forecast just released at the NYU International Hospitality Investment Forum. Given Q1 underperformance and elevated macroeconomic concerns, forecasted growth rates were lowered across the top-line metrics: supply (-0.1 ppts), demand (-0.6 ppts), ADR (-0.3 ppts) and RevPAR (-0.8 ppts). Similar adjustments were made for 2026: supply (-0.5 ppts), demand (-0.3 ppts), ADR (-0.7 ppts) and RevPAR (-0.6 ppts). 'Top-line performance is still growing even in the current environment,' said Amanda Hite, STR president. 'Until consumer confidence improves, however, demand is going to remain softer—especially in the middle and lower price tiers. Rate is pushing the top line in the group segment, and business transient should continue to recover in a lot of industries, but leisure gains are going to be more isolated. Our forward-looking data continues to support the observations of many industry stakeholders that booking windows have shortened. That adds to the challenges hoteliers will face in the coming quarters.' 'We're looking ahead to a second half of the year with consumers facing higher prices and a weaker labor market, businesses tapping the brakes on investment, and soft international visitor volumes,' said, director of industry studies at Tourism Economics. 'While recession risks have eased, the economy – and the travel sector – will walk on a tight rope through this period.' The projection for gross operating profit per available room (GOPPAR) was also lowered $3 for 2025. 'While GOP growth will continue, the pace will be modest due to softer demand, rising departmental costs, and limited margin gains from ancillary revenues,' Hite said. 'When adjusted for inflation, GOP is down from last year.'
Al Bawaba
27-05-2025
- Business
- Al Bawaba
Hyatt's Brand Footprint in Africa Set for 50% Rooms Growth by End of 2030
Hyatt ( announced that Hyatt expects around 50% rooms growth across new and existing markets in Africa by the end of 2030. In the past two years, Hyatt saw 51% rooms growth in Africa, fueled by the addition of several milestone properties and first-time brand entries. These included Park Hyatt Marrakech, introducing the luxury brand to Morocco; Hyatt Centric Cairo West, the brand's debut on the continent; Hyatt Regency Harare – The Meikles, Hyatt's first hotel in Zimbabwe; and Hyatt Regency Nairobi Westlands, its first hotel in Kenya. Most recently, in March 2025, Hyatt Place Nairobi Westlands and Hyatt House Nairobi Westlands opened along Lower Kabete Road. This marks Hyatt's first dual-branded development in Africa, offering guests two distinct stay experiences under one roof, just minutes from Westgate Mall, the Nairobi National Museum, and Karura Forest. 'Last year marked a breakthrough year for Hyatt in Africa, and we're just getting started,' said Stephen Ansell, Managing Director, Hyatt, Middle East and Africa. 'Our growth across key leisure and business hubs reflects a strategic focus on having hotels where our guests and World of Hyatt members want to travel most. As we expand, we remain committed to delivering high-quality hospitality experiences that resonate with both global travelers and local communities.' In the next two years, Hyatt hotels are set to debut in new markets within the region, including the anticipated opening of Hyatt Regency Lagos Ikeja in Nigeria. Additionally, the launch of Park Hyatt Johannesburg is set for later this year, following an extensive renovation of The Winston Hotel. The luxury property will include 31 guestrooms and is expected to be popular with business and leisure guests alike, offering understated luxury and an elevated home away from home experience with highly personalized, intuitive, and fully engaged service. 'This is an exciting chapter in the growth of Hyatt's portfolio across Africa, as we add hotels with intent in high-demand destinations,' said Felicity Black-Roberts, Senior Vice President Development, Hyatt, EAME. 'We are proud to collaborate with our trusted owners to thoughtfully introduce Hyatt's diverse brands to both new and established markets across the region.' The upcoming properties are expected to join the Hyatt brand portfolio in Africa, with Hyatt hotels currently present in South Africa, Algeria, Morocco, Ethiopia, Tanzania, Zimbabwe, Kenya and Egypt. Some of the Hyatt branded hotels in the region include: Park Hyatt Zanzibar – Located in Stone Town, the luxury hotel holds 62 rooms and provides the ultimate haven amongst the area's winding alleys, bustling markets, mosques, and famed Zanzibari doors, featuring magnificent ornate wooden carvings. Park Hyatt Marrakech – Opened in 2024, this luxury resort is ideally located, with stunning views of the Atlas Mountains and next to Al Maaden Golf course. Hyatt Regency Harare – The Meikles – Marking the first Hyatt branded hotel in Zimbabwe, this hotel offers iconic architecture, charm, luxury, and easy access to major attractions in Regency Dar es Salaam, The Kilimanjaro – A modern oasis in the heart of Tanzania's largest city, this hotel boasts a superb waterfront location and spectacular views of the harbour. Hyatt Centric Cairo West – Opened in October 2024, this art-focused hotel offers travellers a convenient location near iconic landmarks such as the Giza Pyramids and The Grand Egyptian Museum. Hyatt Regency Cape Town – located in one of Cape Town's most vibrant neighborhoods, Bo-Kaap, this property offers guests the opportunity to immerse themselves in the culture while enjoying views of Table Mountain. Hyatt Regency Nairobi Westlands – Nestled in the heart of Nairobi's bustling city centre, travellers can enjoy sophisticated lodgings, diverse dining options, and a contemporary selection of amenities and services.
Travel Daily News
27-05-2025
- Business
- Travel Daily News
Hyatt: 50% rooms growth by end of 2030 in Africa
Hyatt's expansion plan follows a significant 51% rooms growth across Africa in the past two years, with openings in Kenya, Morocco, Egypt and Zimbabwe. JOHANNESBURG, SOUTH AFRICA – Hyatt announced that the company expects around 50% rooms growth across new and existing markets in Africa by the end of 2030. In the past two years, Hyatt saw 51% rooms growth in Africa, fueled by the addition of several milestone properties and first-time brand entries. These included Park Hyatt Marrakech, introducing the luxury brand to Morocco; Hyatt Centric Cairo West, the brand's debut on the continent; Hyatt Regency Harare – The Meikles, Hyatt's first hotel in Zimbabwe; and Hyatt Regency Nairobi Westlands, its first hotel in Kenya. Most recently, in March 2025, Hyatt Place Nairobi Westlands and Hyatt House Nairobi Westlands opened along Lower Kabete Road. This marks Hyatt's first dual-branded development in Africa, offering guests two distinct stay experiences under one roof, just minutes from Westgate Mall, the Nairobi National Museum, and Karura Forest. 'Last year marked a breakthrough year for Hyatt in Africa, and we're just getting started,' said Stephen Ansell, Managing Director, Hyatt, Middle East and Africa. 'Our growth across key leisure and business hubs reflects a strategic focus on having hotels where our guests and World of Hyatt members want to travel most. As we expand, we remain committed to delivering high-quality hospitality experiences that resonate with both global travelers and local communities.' In the next two years, Hyatt hotels are set to debut in new markets within the region, including the anticipated opening of Hyatt Regency Lagos Ikeja in Nigeria. Additionally, the launch of Park Hyatt Johannesburg is set for later this year, following an extensive renovation of The Winston Hotel. The luxury property will include 31 guestrooms and is expected to be popular with business and leisure guests alike, offering understated luxury and an elevated home away from home experience with highly personalized, intuitive, and fully engaged service. 'This is an exciting chapter in the growth of Hyatt's portfolio across Africa, as we add hotels with intent in high-demand destinations,' said Felicity Black-Roberts, Senior Vice President Development, Hyatt, EAME. 'We are proud to collaborate with our trusted owners to thoughtfully introduce Hyatt's diverse brands to both new and established markets across the region.' The upcoming properties are expected to join the Hyatt brand portfolio in Africa, with Hyatt hotels currently present in South Africa, Algeria, Morocco, Ethiopia, Tanzania, Zimbabwe, Kenya and Egypt. Some of the Hyatt branded hotels in the region include: Park Hyatt Zanzibar – Located in Stone Town, the luxury hotel holds 62 rooms and provides the ultimate haven amongst the area's winding alleys, bustling markets, mosques, and famed Zanzibari doors, featuring magnificent ornate wooden carvings. – Located in Stone Town, the luxury hotel holds 62 rooms and provides the ultimate haven amongst the area's winding alleys, bustling markets, mosques, and famed Zanzibari doors, featuring magnificent ornate wooden carvings. Park Hyatt Marrakech – Opened in 2024, this luxury resort is ideally located, with stunning views of the Atlas Mountains and next to Al Maaden Golf course. – Opened in 2024, this luxury resort is ideally located, with stunning views of the Atlas Mountains and next to Al Maaden Golf course. Hyatt Regency Harare – The Meikles – Marking the first Hyatt branded hotel in Zimbabwe, this hotel offers iconic architecture, charm, luxury, and easy access to major attractions in Harare. – – Marking the first Hyatt branded hotel in Zimbabwe, this hotel offers iconic architecture, charm, luxury, and easy access to major attractions in Harare. Hyatt Regency Dar es Salaam, The Kilimanjaro – A modern oasis in the heart of Tanzania's largest city, this hotel boasts a superb waterfront location and spectacular views of the harbour. The Kilimanjaro – A modern oasis in the heart of Tanzania's largest city, this hotel boasts a superb waterfront location and spectacular views of the harbour. Hyatt Centric Cairo West – Opened in October 2024, this art-focused hotel offers travellers a convenient location near iconic landmarks such as the Giza Pyramids and The Grand Egyptian Museum. – Opened in October 2024, this art-focused hotel offers travellers a convenient location near iconic landmarks such as the Giza Pyramids and The Grand Egyptian Museum. Hyatt Regency Cape Town – located in one of Cape Town's most vibrant neighborhoods, Bo-Kaap, this property offers guests the opportunity to immerse themselves in the culture while enjoying views of Table Mountain. – located in one of Cape Town's most vibrant neighborhoods, Bo-Kaap, this property offers guests the opportunity to immerse themselves in the culture while enjoying views of Table Mountain. Hyatt Regency Nairobi Westlands – Nestled in the heart of Nairobi's bustling city centre, travellers can enjoy sophisticated lodgings, diverse dining options, and a contemporary selection of amenities and services.
