News for the Hospitality Executive
The Top 10 Hotel Groups in the World
IHG Retains Top Spot With
Despite global economic challenges, hotel developments continue to
progress, with 432,000
new rooms injected into global supply by both independent hotels and groups. / MKG Hospitality’s World Ranking 2010
Paris, the 9th June 2010 - International hotel supply records a 2.7% growth to reach almost 20 million classified rooms. Much of this growth is fuelled by hotel groups, alone recording an increase of 4.2%.
“Although much the world’s hotel growth is a result of projects already launched before the crisis, it is still a positive indication of the commitment, endurance and potential from developers, investors and of course hoteliers. It is also no doubt necessary in order to stimulate economic growth, and then, when recovery is well and truly upon us, sustain it,” states CEO, MKG Group, Georges Panayotis.
Renewed dynamism in mature market-continents is most apparent, with 170,000 new rooms in North America and 138,000 in Europe, an increase of 3.1% and 2.2%, respectively. Asia-Pacific is somewhat subdued during this particular period, managing 98,000 rooms, a growth of only 1.9%.
Other regions also show development resilience during the global economic challenge, with Latin America registering 63,600 new rooms (+4.8%), Middle East and Africa 52,700 (+4.2%).
“Moderate growth and reduced pipeline developments are anticipated for the coming years however, given the number of cancellations, postponements and of course the difficulties in obtaining financing,” continued Panayotis. “As a result, we can expect greater popularity in hotel franchising, widely considered to be the best way to expand internationally.”
2010’s World Hotel Ranking has remains largely unchanged. Only Hilton Worldwide manages to move into third position with an 8% increase in room supply, pushing out Marriott International. Hilton’s extensive franchise development programme in the US being the driving factor.
The year’s growth is also marked by consolidations, though more was actually expected. Most notable is Groupe du Louvre (+28.8%) and NH Hoteles (+18.6%), both taking over other groups and expanding their portfolio with Golden Tulip and Hesperia, respectively. Exceptional supply growth also came from Australian-based Mantra Group (+89.2%), 7 Days Group Holdings Limited (+51.8%), Barcelo Hotels (+33.8%) and Merrylin Hotel Management (+23.8%).
Top 10 Hotel Groups in the world
About MKG Group
45,000 hotels and over 2.5 million rooms are compiled in MKG’s
database. MKG’s market monitoring database, HotelCompSet, contains a
sample of over 250 brands in 150 countries (over 800 markets) and
11,000 corporate chain hotels, representing more than 1,000,000 rooms.
HotelCompSet provides daily, monthly and yearly monitoring of hotel
indicators and analyses of its
MKG’s statistical samples provide a comprehensive and accurate measure of the hospitality industry. Together with other specialised brands, MKG Qualiting, OlaKala, Worldwide Hospitality Awards, Global Lodging Forum, as well as sector publications HTR Magazine and Hotel Restau Hedbo, MKG Group supports investors, hoteliers and key tourism players to improve performance, boost productivity and achieve results.
|For further information , please contact :
Georges Panayotis, President & CEO
Tel: +33 (0)1 56 56 87 87
Fax: +33 (0)1 56 56 87 88
MKG Group - International Development Department
T. : +33 (0)1 56 56 87 87
MKG Hospitality - Media Contact
Tel: +44 (0)20 7624 4030
Top 10 Hotel Groups in the World; IHG Retains Top Spot Surpassing the
600,000 Room Mark / May 2009
|Top Twenty Hotel Brands in the World at January 1, 2008, Also Top Ten Hotel Groups in the World / April 2008|
|The 2008 Top 20 European Hotel Brands Ranking and the Top Ten Hotel Groups Ranking / March 2008|
|Ranking - Top Ten Worldwide Hotel Chains Growth 1995-2005 / October 2005|