Results for: Hotel Expansion

IHG Hotels & Resorts has announced plans to expand its presence in Egypt with the addition of two new Crowne Plaza hotels, set to open in 2028. Located in the New Administrative Capital and New Cairo Yellow areas, these hotels will cater to both leisure and business travelers, offering a blend of premium hospitality and convenience. The Crowne Plaza Cairo New Administrative Capital and Crowne Plaza New Cairo Yellow will enhance Egypt’s tourism offerings, attracting more tourists and business travelers to the region.

Cygnett Hotels & Resorts outlined its ambitious growth strategy at its 7th annual GM Conclave, showcasing plans to open 15 new hotels with 1200 keys over the next year. The company emphasized innovation, cultural transformation, and digital advancements as key drivers for its expansion. Cygnett’s commitment to sustainability was highlighted through the launch of its Sustainable Plan 2025, focusing on eco-friendly practices. The conclave also celebrated the company’s outstanding performance and recognized its teams for excellence in guest services and leadership.

Kempinski Hotels, Europe’s oldest luxury hotel group, has appointed Barbara Muckermann as its new Chief Executive Officer. Muckermann brings over 25 years of experience in the hospitality industry, most recently serving as CEO of Silversea Cruises. She will oversee Kempinski’s global expansion plans, which include adding 34 new hotels and residences in the coming years. Muckermann’s appointment marks a significant milestone as she becomes the first woman to lead the company in its 127-year history.

Despite seasonal challenges, Minor Hotels has posted a strong net profit of THB 530 million for Q1 2024. The hotel owner and operator attributed this success to a significant 17% increase in core revenue, exceeding expectations and driven by rate growth across its portfolio. Thailand and Europe emerged as key markets, with hotels in those regions reporting high occupancy and rate growth. Minor Hotels aims to expand its network by adding 200 new hotels by 2026.

Hyatt Hotels Corporation has unveiled its ambitious expansion plans in Latin America and the Caribbean, adding over 30 new hotels to its portfolio. The company aims to strengthen its presence in the region by 2027, catering to the growing demand for luxury and lifestyle accommodations. This growth is driven by robust travel and the successful acquisition of Apple Leisure Group in 2021, allowing Hyatt to expand its asset-light strategy. With these new additions, Hyatt will double its luxury rooms, triple its resort rooms, and quintuple its lifestyle rooms. The expansion includes the introduction of the Destination by Hyatt brand, offering unique experiences rooted in their locale in Peru and St. Lucia. Hyatt’s Inclusive Collection continues to grow, bringing its all-inclusive luxury resorts to destinations like Mexico and the Caribbean. Additionally, Hyatt is committed to enhancing guest experiences with promotions, exclusive offers, and the integration of Mr & Mrs Smith properties into the World of Hyatt family.

Rixos Hotels Egypt is poised to take part in the forthcoming Arabian Travel Market (ATM) in Dubai, scheduled for 2024. This participation is part of the hotel group’s strategy to reinforce its position as a prominent destination for luxury tourism.

Minor Hotels, an international hotel operator, plans to expand significantly in India’s growing hospitality market by opening 50 new hotels over the next ten years. The company will focus on the upper-upscale and luxury segments, with a focus on its established brands such as Anantara, Avani, and NH Collection. Minor Hotels has already entered the Indian market with the launch of Oaks Bodhgaya in 2017 and will open the Anantara Jaipur Hotel this year. The company has established a new office in Bengaluru and appointed Vijay Krishnan as Vice President of Operations for India.

International Hospitality Group (IHG) aims to double its operating hotels in India within the next five years, with a focus on the mid-scale and upper-mid-scale segments. The company currently has 46 open hotels in India and has signed 13 new deals this year. IHG’s next phase of expansion will target cities like Gurugram, Jim Corbett National Park, Mumbai, Amritsar, and Goa. The company’s CEO, Elie Maalouf, believes that increasing travel demand, combined with India’s strong economic growth and young population, makes it a promising market for the hospitality industry.