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Worlds Top 10 Hotel Group Rankings Released

Category: Hotels, Posted:05 Jun 2009 | 06:46 am

The InterContinential Group has remained the world's number one group in terms of hotel rooms with over 600,000 according to MKG Hospitality's recently released 2009 ranking. IHG's brands include the core InterCon, Crowne Plaza, Holiday Inn, Holiday Inn Express and the recently launched Indigo brand.
Following the list in order is Wyndham Worldwide, Marriott International, Hilton, ACCOR, Choice, Best Western, Starwood Hotels and Resorts, Carlson Hospitality and rounded out by Global Hyatt. The fastest growing chain on the list was Hilton with an increase of 9.3%.
Many of the brands mentioned are centric to the US lodging market and offer franchising which is not commonly practiced in Asia, with full management being preferred by the chain. Many analysts in the industry are expecting brand consolidation and some merges or acquisitions with firms who are publicly listed seeing a free fall in stock prices over the next 12-24 months.

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MIRA Valley Phuket Preview Sessions This Friday

Category: Real estate|Tourism, Posted:22 Apr 2024 | 07:28 am Catch this special event this coming Friday 26th April with a special preview of the new MIRA Valley master-planned community in the heart of Phuket, Manik. This is an amazing opportunity to acquire a development plot in a larger high-quality community. This will be of special interest to property developers looking for land parcels, investors. […]
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New Phuket Hotel Market Update 2024 Report From C9 Hotelworks

Category: Hotels|Tourism, Posted:17 Apr 2024 | 19:06 pm Phuket’s tourism industry is undergoing an ongoing rebound, with last year’s airport passenger arrivals edging towards pre-pandemic figures according to C9 Hotelwork’s Phuket Hotel Market Update 2024. While hitting 7 million, it was still short of the 9 million mark set in 2019. This year the trend is continuing with 1.62 million arrivals to date […]
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Delving Into the Real Estate Rental Landscape of Phuket

Category: Opinion|Real estate, Posted:16 Apr 2024 | 09:39 am Given the backdrop of a booming Phuket real estate sector, one area that is often overlooked is the rental market. Despite a vibrant vacation short-stay segment, there remains a strong demand for extended and long-stay rentals across the island. Rental demand coming out of the COVID19 pandemic experienced sustained uplift and has continued to perform […]
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