Marriott International Signs Agreement to Bring JW Marriott to Greece with Vasilakis SA

Marriott International, Inc. announced it has signed an agreement in collaboration with Vasilakis SA to bring the JW Marriott brand to Greece. Anticipated to open in 2025, JW Marriott Crete Resort & Spa will span 100 acres of coastal beauty and will be a haven for travelers who seek a luxury escape paired with exceptional service and holistic well-being experiences.

SWOT Hospitality, known for its expertise in managing luxury hotels across Greece, will collaborate with Vasilakis SA and Marriott International as the third-party operator for the franchised property.

“Greece remains as one of the most attractive destinations for today’s global traveller, and the signing of JW Marriott Crete Resort & Spa reflects the continued demand we are seeing for luxury accommodation across the country,” says Jerome Briet, Chief Development Officer, Europe, Middle East & Africa, Marriott International. “We look forward to working with Vasilakis SA and SWOT Hospitality to introduce the brand’s legacy of extraordinary hospitality, thoughtful design, and enriching well-being experiences to the island destination of Crete.”

Designed by acclaimed architecture firm Block722, JW Marriott Crete Resort & Spa is anticipated to blend modern elegance with authentic Cretan heritage. The resort is slated to offer 160 stylishly appointed luxury guestrooms with all suites and villas featuring a private pool or jacuzzi.

Design plans for the resort also comprise multiple tranquil wellness spaces inviting guests to fully embrace the here and now including a JW Garden and five culinary experiences, inclusive of a traditional Cretan restaurant and a beach dining venue. Additionally, the property will offer multiple swimming pools, a fitness centre, beach club, spa and Family by JW experiences.

“We are delighted to announce the opening of the first JW Marriott resort in Greece, marking a significant milestone for our company. The collaboration with SWOT hospitality, marked by their expertise and unwavering commitment, has already demonstrated the success that this project is destined for,” says Antonios Vasilakis, Owner of Vasilakis SA. “The values of JW Marriott align perfectly with our vision for this project, and we are confident that this brand will elevate the hospitality experience in Greece and set a new standard of luxury for our guests.”

Moxy Hotels Debuts in Thailand

Infused with youthful energy and the upbeat spirit of the boundary-breaking brand, Moxy Bangkok Ratchaprasong welcomes guests in the heart of downtown Bangkok

Moxy Hotels, part of Marriott Bonvoy’s portfolio of over 30 extraordinary hotel brands, proudly announced the opening of Moxy Bangkok Ratchaprasong, marking the brand’s debut in Thailand and introduces a new era of playful, social hospitality to the captivating capital city.

Situated in Ratchaprasong, the dynamic commercial and retail district of downtown Bangkok, the 504-room hotel – the largest Moxy in Asia Pacific – is surrounded by an eclectic mix of world-class shopping, stylish restaurants, and lively bars with easy access to the BTS skytrain and Chit Lom Station.

“The opening of Moxy Bangkok Ratchaprasong brings Moxy’s fun style of hospitality to Bangkok, one of the world’s most fun-filled cities,” said Matthew Boettcher, Vice President of Distinctive Select Brand Portfolio, Marriott International. “The draw of the Moxy brand is its ability to create a playful experience that’s inspired by the surrounding city, and Bangkok is a perfect fit for our brand entry into the country.”

Rising from the bustling curbside of Ratchadamri Road, Moxy Bangkok Ratchaprasong shines its distinctive pink glow on the downtown skyline. Guests can enjoy a casual check-in at the 9th-floor welcome area and bar where urban design is brought to life with splashes of color inspired by the legendary Scala Cinema, and walls of graffiti depicting the “yak” – giant figures often depicted in Thai mythology. The Library & Plug-In area invites guests to sit back, chill out and work on their laptops, or shoot some pool in the communal lounge. Whether traveling solo or with friends, this space is where fun-hunters come together, share stories, and exchange experiences. The bright and fully connected spaces are perfect for digital nomads who want to switch on and be inspired by the buzz of the city – making it a spot where inspiration is unleashed, and new ideas are hatched.

Marriott International Signs Agreement with Morogoro Mishama Company to Bring Le Méridien to Zanzibar

Le Méridien Zanzibar Resort will invite travelers around the world to ‘Savour the Good Life’ through the brand’s rich European heritage and chic signature programming

Marriott International announced a signed agreement with Morogoro Mishama Company that will introduce Le Méridien Hotels & Resorts to the shores of Zanzibar in 2025. To support the growing demand for premium hospitality accommodations in Tanzania, Le Méridien Zanzibar Resort will feature 75 guestrooms as well as the brand’s glamourous, signature programming and experiences that will help guests discover the culture, coordinates and cuisine of the destination.

“Zanzibar continues to grow as a sought-after leisure destination and we are committed to continuing to support the overall growth of the tourism sector in Tanzania,” said Karim Cheltout, Regional Vice President – Development, Africa, Marriott International "Le Méridien’s contemporary design, captivating spaces and chic, signature programming will be an ideal fit for the island, and we look forward to working with Morogoro Mishama Company to open this project by the end of the year.”

Anticipated to feature 75 contemporary guest rooms and villas, Le Méridien Zanzibar Resort will offer uninterrupted Indian Ocean beach vistas and embrace the brand's commitment to creating immersive experiences that will help guests explore a destination in style. Plans for the resort include a specialty restaurant, an open-air bar, and an array of recreational facilities such as a fitness center, swimming pool, spa, kids club and lagoon. Upon opening, the property will embody the essence of Le Méridien, inviting guests to ‘Savour the Good Life’ through its signature programming – all of which is inspired by the brand’s rich European heritage. The resort will be situated in Bwejuu, which is on the Eastern coast of Zanzibar Island.

Marriott Bonvoy expands India presence of its Extended Stay Brand, opens its third property Marriott Executive Apartments in Navi Mumbai

Marriott Executive Apartments, part of Marriott Bonvoy’s portfolio of 30 leading brands, is delighted to announce the launch of its apartment-style accommodations with Marriott Executive Apartments, Navi Mumbai. Curated for the ambitious and adventurous minded traveller, seeking a premium and trusted stay experience, defined by tailored services and sophisticated style, Marriott Executive Apartments Navi Mumbai offers spacious and modern living, where travellers can combine work and leisure trips to connect with family and friends.

“We are pleased to announce the opening of our second Marriott Executive Apartments in Mumbai, catering to the new segment of ‘bleisure’ travellers looking to mix business and leisure travel by creating a ‘home from home’ feeling for their longer stays,” said Ranju Alex – Area Vice President- South Asia, Marriott International. The Marriott Executive Apartments Navi Mumbai enhances our extended stay and serviced apartments offering and underlines our commitment to providing a full range of accommodation options with the highest quality and standards of service”.

Located within 45 minutes from the Mumbai International Airport, the 129 modern residential apartments include standard rooms, studios, junior suites, one-bedroom apartments and a presidential suite overlooking the Navi Mumbai skyline on one side and the pristine Parsik Hills on the other. At Marriott Executive Apartments Navi Mumbai guests can enjoy the convenience of a five-star, full- service hotel with the space, ambience, and privacy of residential living. Each apartment and junior suite are equipped with a kitchenette, coffeemaker, microwave, walk-in wardrobe, and a dedicated workspace with complimentary wi-fi so guests can live comfortably, and thrive during their stay.

The Marriott Executive Apartments houses two distinct dining venues. Hill View Café, the all-day dining venue seats 202 covers and is paired with breath-taking hill views. The buffet is an indulgent spread comprising of local and international favourites, topped with wood-fired oven pizzas and homemade fresh pastas. The Lobby Lounge provides a bright, vibrant space where guests can relax, socialise, or work while enjoying freshly baked pastries, healthy salads, and wraps — the ideal meal for business travellers while on the go.

Conveniently located in the central business district of Navi Mumbai, the hotel’s wide range of meeting and events spaces extends over 2236 square metres, and includes two sophisticated boardrooms, and two versatile ballrooms with an attached terrace. Each of the meeting spaces comes with prefixed LCD screens for ease of business along with customised themed breaks.

Marriott Executive Apartments Navi Mumbai also offers exemplary leisure facilities with the likes of a hillside panoramic outdoor pool, a fully equipped fitness centre, a rejuvenating spa, and a kid’s playroom.

“We are thrilled to announce the opening of Marriott Executive Apartments Navi Mumbai, a hotel that draws inspiration from its locale, surrounded with breath-taking views of the ocean, hills, and cityscapes captured from its rooms and dining venues. Our aim is to provide the luxury of space with home-like amenities, and experiences for independent travellers and families seeking extended stays” said Siddharth Sathe, General Manager, Marriott Executive Apartments, Navi Mumbai

Mulberry Shades Bengaluru Nandi Hills, a Tribute Portfolio Resort in Bengaluru, Now Open!

Tribute Portfolio- part of Marriott Bonvoy’s growing collection of characterful, independent Resorts, welcomes its latest addition with the opening of Mulberry Shades Bengaluru Nandi Hills- A Tribute Portfolio Resort .This serene property is nestled at the foot of the historic Nandi Hills and is a 25-minute drive from the Kempegowda International Airport. Rooted in the ethos of meaningful travel, the 102 key property nurtures an intimate design that invites the return to a simplistic life. The Resort is a beautiful confluence of natural elements like sweet bird song, earthly textures accentuating rustic shingle roofs, dark wooden pillars, natural stonework, brass artifacts, walkways interluded with lush greenery and panoramic views of the Nandi Hills lend a sense of space and home coming, encouraging the free spirited and curious minded traveller to forge deeper connections with the locale and community when travelling.

“We’re thrilled to welcome this vibrant new Resort within Tribute’s Portfolio to Bengaluru, one of the most cosmopolitan and progressive cities of India. This opening marks the eighteenth property to join our growing portfolio of brands in this city” said Ranju Alex- Vice President South Asia, Marriott International. This new hotel is set to present captivating design and truly authentic experiences tailored to the locale in Bengaluru.”

One of the leading real estate developers in the country, The Prestige Group has a legacy of over three decades in real estate development. It has diversified business models across the Residential, Office, Leisure, Retail, and Hospitality segments with operations across 8 key locations in India. Commenting on the launch, Mr. Irfan Razack, Chairman & Managing Director of Prestige Group, said, “we are thrilled to add to our hospitality portfolio- Mulberry Shades Bengaluru Nandi Hills, - A Tribute Portfolio Resort which has its own unique characterful personality where guests can seek to immerse themselves in the richness of the locale, to discover what defines Nandi Hills as a leisure destination and to experience a one-of-a kind warm boutique ”

Mulberry Shades Bengaluru Nandi Hills, a Tribute Portfolio Resort is inspired by a beautiful story woven around the small joys and simplicity of childhood. The vibrant paintings, naturalistic murals and hand painted artwork adorning the resort, tell the story of a young girl named Santi who lived in an idyllic, rustic setting against the backdrop of the majestic Nandi Hills. Santi grew up on a Mulberry farm, under the watchful care of doting parents and a loving grandmother. Her childhood was spent in the company of warm cinnamon aromas, wild lush greenery, home grown herbs and the earthly fragrance of silkworms. Her lazy summer afternoons were filled with fun-filled explorations, gardening, plucking fruit, adventurous treasure hunts and unending stories. Mulberry Shades Bengaluru Nandi Hills, a Tribute Portfolio Resort embodies the beauty of Santi’s childhood, with its imaginative spaces and thoughtful experiences that will evoke a sense of warm nostalgia

The resort comprises 102 vibrant villas and suites, each featuring bespoke, handmade furniture, eye-catching wall murals and local artwork. A three-fixture bathroom enhanced with natural stone and warm lighting with private verandahs favoring views of the foliage integrated into the landscape, are some of the unique features of the room categories. The resort has a carefully thought-out wellness and recreation calendar for guests to get busy and engaged – early morning somatic workouts, moonlight yoga, wine stomping, board games, pottery classes, books and binoculars for bird watching and musical evenings are some of the fun experiences lined up. Digital distractions are discarded in favour of spending time with loved ones in the company of nature.

Guests can enjoy an immersive culinary experience across three unique restaurants. Terra, the all-day dining offers a refreshing mix of seasonal and local specials with international favourites, enjoyed over uninterrupted views of the beautiful hotel landscape. The swim-up pool bar Asri serves small plates and creative cocktails that bring the garden to glass concept to life. Kokoon, the quaint cozy cafe next to the lobby is the perfect place for coffee brews, choicest selection of teas and baked local specialties available from early morning to late evening.

Guests can relax at the Ksema spa at the hands of expert therapists who offer a full range of spa treatments, facials and body wraps. A Turkish hammam, a couple jacuzzi, an open-air pool, a well-equipped workout studio, a pickleball court and a yoga and meditation room complete the wellness checklist. Kreo the game zone for grownups and a kids play area are open for some spirited fun with family and friends. The resort is pet-friendly, allowing guest to enjoy their stay with their furry friends in tow.

The resort is poised to be a sanctuary for small and intimate business meeting and social events with a banquet space measuring 2200 sq ft and a pre function area with abundant daylight and inspiring design. Additionally, Aurora the poolside deck measuring 1000 sq ft and an outdoor lawn Shanti measuring 2600 sq. ft allows for intimate cocktail evenings and open-air celebrations in the benevolent climate of Bengaluru.

“We’re thrilled to welcome guests to Mulberry Shades Bengaluru Nandi Hills, a Tribute Portfolio Resort. Its true Indie spirit, vibrant social spaces and thoughtful experiences will help create meaningful connections for the bold and intrepid traveller seeking to connect with the true spirit of the destination” said -Devidyuti Ghosh, Hotel Manager – Mulberry Shades Bengaluru Nandi Hills, a Tribute Portfolio Resort

NEWS | Arne Sorenson, who led Marriott International's transformation into the world's largest hotel chain, has died of cancer at the age of 62

Arne Sorenson, who led Marriott International's transformation into the world's largest hotel chain, has died of cancer at the age of 62.

Mr Sorenson was the first non-family member to head the company when he became chief executive in 2012.

He steered the firm's 2016 purchase of Starwood Hotels & Resorts, which included brands such as the Westin.

Mr Sorenson, who was diagnosed with pancreatic cancer in 2019, had reduced his role earlier this month.

"Arne was an exceptional executive - but more than that, he was an exceptional human being," Marriott executive chairman JW Marriott Jr said in a statement announcing the death.

"Arne loved every aspect of this business and relished time spent touring our hotels and meeting associates around the world. He had an uncanny ability to anticipate where the hospitality industry was headed and position Marriott for growth."

Marriott, which has more than 7,500 properties around the world and owns 30 brands, said it planned to appoint a new chief executive in the next two weeks.

'Bravura performance'

Born in Japan, Mr Sorenson was the son and grandson of Lutheran missionaries.

He trained as a lawyer and worked in Washington, DC, where he started to represent Marriott in 1992 before being recruited to work in-house for the company a few years later.

Ritz-Carlton Ras Al Khaimah, Al Hamra Beach appoints new executive sous chef, Jeremy Degras joins after working with Marriott International

Ritz-Carlton Ras Al Khaimah, Al Hamra Beach has announced the appointment of Jeremy Degras as its new executive sous chef. He will be part of the team responsible for exploring new menu options, while maintaining the resort’s ‘island-inspired cuisine’. Degras will spend most of his time at the flagship Shore House restaurant, using a range of locally-sourced seafood in his dishes.

Degras has previously held culinary positions in a number of hotels and restaurants globally including; Scape Lounge Restaurant & Terrace in the Burj Al Arab, Restaurant Le Quartier Gourmand, a Michelin-starred venue in Tournus, France and the two-starred restaurant, Monte-Carlo-Bay Hotel in Monaco. He leaves his previous position in Marriott International’s Grosvenor House Luxury Collection’s Siddharta Lounge.

“We are delighted to welcome chef Jeremy Degras to our team. He will be leading a vibrant culinary team and working with them to enhance the property’s dining portfolio to create memorable dining experiences for our valued guests”, said Tracey Oliver, general manager of The Ritz-Carlton Ras Al Khaimah, Al Hamra Beach.

Courtyard by Marriott Penang takes brand into Malaysia

Marriott has announced the opening of Courtyard by Marriott Penang – the first Courtyard property to debut in Malaysia.

Located along the bustling Jalan Macalister in the heart of Penang’s UNESCO-listed George Town, the new 199-room Courtyard by Marriott Penang is set to provide the best hotel experience for guests to pursue their personal and professional passions while on the road.

“We are thrilled to continue to grow our presence in Malaysia with the opening of Courtyard by Marriott Penang,” said Rajeev Menon, president, Asia Pacific, Marriott International.

“Designed for today’s ambitious and enterprising traveller, the opening of Courtyard by Marriott Penang marks Marriott International’s 17th brand in Malaysia and further compliments our growing footprint in the country.”

IHG remains optimistic despite $524m drop in revenue

InterContinental Hotels Group (IHG) has posted its financial results up to June 30, 2020, giving an insight into how COVID-19 has hit business.

IHG recorded a severe revenue crash in the first half of the year, falling by 52 percent, the group brought in just US$488 million in the first six months of the year. 

Operating Profit for the same period last year was $410 million, equating to an 82 percent drop.

For More Information Please Click Below:

hoteliermiddleeast.com/business/119001-ihg-remains-optimistic-despite-524m-drop-in-revenue

Marriott International Announces Opening of First Fairfield by Marriott in Peru

The hotel offers 147 spacious, modern and well equipped rooms with separate work and rest areas. The property's public spaces feature the "modern calm" aesthetic of the Fairfield by Marriott brand, which encompasses open layouts, multifunctional spaces and natural light.

A charming rooftop with a beautiful view of El Reducto Park will allow guests to enjoy free breakfast, which includes various healthy and nutritious options.

Among the hotel’s amenities are a Corner Market, 24-hour convenience store, a business center, two meeting rooms, access to the gym and free Wi-Fi.

For more information, please visit the web site of Fairfield Inn by Marriott Lima Miraflores.

Deutsche Hospitality Appoints Thomas Wilken

Thomas Wilken has been appointed General Manager of the 137-room MAXX by Steigenberger Sanssouci Potsdam with effect from 1 June 2020. He will be responsible for all operational and administrative business areas of the hotel.

He has gained valuable experience of his own during the past few years as a Director of Operations and Executive Assistant Manager. His employers have included the Marriott and Kempinski Hotel Groups. He  is a passionate hotelier who brings extensive industry knowledge and a lot of experience in the upscale hospitality industry

For More Information Click Below :

ftnnews.com/news-home/appointments/world/39599-deutsche-hospitality-appoints-thomas-wilken

71-room Fairfield by Marriott Hotel opens in Whitewater

The Fairfield by Marriott Hotel Inn & Suites in Whitewater is now open. The Fairfield at 1242 W. Main St. operates as a Marriott franchise. The project was first announced in August 2018.

The new hotel features 71 rooms and additional amenities including an indoor swimming pool, fitness center, valet laundry services, and complimentary hot breakfast.

For More Information Click Below :

www.bizjournals.com/milwaukee/news/2020/06/30/new-hotel-comes-to-whitewater.html

Toronto just got a new pet and eco-freindly hotel by the airport

A brand new hotel has just opened across from Toronto Pearson Airport. The hotel itself is owned by Easton's Group of Hotels, which has already built nine other Marriott branded hotels. 

Branded as an "eco-conscious" building, Element has water filtration systems in every "outdoor-inspired" suite, shareable bikes for guests to borrow, and electric car charging stations.

For More Information Click Below :

www.blogto.com/real-estate-toronto/2020/06/toronto-new-hotel-airport/

King to lead Marriott in Caribbean and Latin America

Marriott International has announced that long-time company executive Brian King has been appointed president of the Caribbean and Latin America region.

King will take on his new role in January 2021 and will report to Craig Smith, who will assume the role of group president, international at that time. King succeeds Tim Sheldon, who recently announced his retirement.

For More Information Click Below :

www.breakingtravelnews.com/news/article/king-to-lead-marriott-in-caribbean-and-latin-america/

Expansive Gaylord Hotels Re-Open Today Marking a Positive Return for the Hospitality Industry

Today marks a significant milestone in the return to business of the U.S. hotel industry, as three sprawling resorts reopen their doors. Ready to welcome back travelers this summer, Gaylord Rockies in Colorado, Gaylord Palms in Florida and Gaylord Opryland in Tennessee join the recently opened Gaylord Texan to offer four hotel and entertainment destinations that provide a multitude of experiences within acres of indoor space as well as outdoor pool play. Diverse summer programming includes family-friendly activities and live entertainment for all ages while socially distanced; the hallmarks of what consumers need from a summer escape in today’s travel environment.

In accordance with Marriott’s “Commitment to Clean” protocols, the resorts will provide enhanced cleaning technology, hospital-grade disinfectants, attendants dedicated to sanitizing frequently throughout the day, new social distancing protocols, and hundreds of new cleaning processes to take care of guests while they enjoy the resorts’ amenities. Additionally, the Gaylord Hotels ownership group, Ryman Hospitality Properties, Inc. selected Vanderbilt University Medical Center, a leader in medical research, as its official wellness advisor. These combined efforts will further support the multi-phased health and sanitation plans, procedures, and employee training.

Providing “everything in one place” for visitors, Gaylord Hotels are delivering re-imagined summer experiences and amenities to meet the demand of drive-market leisure travelers

Asif Iqbal joins as Executive Chef at Holiday Inn Chennai OMR IT Expressway

Key Take Away

Holiday Inn Chennai OMR IT Expressway appoints Chef Asif Iqbal as their Executive Chef. Armed with over 14 years of culinary experience, He brings a dynamic and innovative energy to Holiday Inn Chennai’s diverse culinary scene.

By joining Holiday Inn Chennai OMR IT Expressway as an Executive Chef, it would be his second innings with the IHG Brand.

He firmly believes, “‘Respect for food’ has always been significant value in my family and my inspiration to pick up this profession is my ‘Mother’.  Food is the harmony of life and kitchen is the cradle where I want to spend the rest of my breaths.”

For More Information click below:

bwhotelier.businessworld.in/article/Asif-Iqbal-joins-as-Executive-Chef-at-Holiday-Inn-Chennai-OMR-IT-Expressway/05-06-2020-194286/

Marriott is posting new job listings for hotel staff in early sign of recovery

By May 25, 2020, Marriott's Careers website listed 2,031 openings. That's up from a low of 1,764 on May 19, or 267 additional job listings. A large majority of Marriott's hiring recovery appears to be in China, where front-of-house positions from everything including front-desk clerks to massage therapists have begun flooding the company's HR sites.

The company is hiring for as many as 90 new positions at the W Chengdu, 77 at the Shenzhen Renaissance, and another 60 at the Shenyang Marriott.

source

Marriott to launch a virtual meeting offer

Key Take Away

Starting with Australia and New Zealand, Virtual Meetings by Marriott Bonvoy Events aim at offering clients a large scale of remote meeting possibilities.

A new adaptation for the world number one to the world after COVID-19 pandemic.

For More Information

hospitality-on.com/en/mice/marriott-launch-virtual-meeting-offer

Marriott announces North American, international leadership changes

Long-time Marriott International senior executive Dave Grissen has decided to step down from his position as group president, the Americas, toward the end of 2020 and retire from Marriott in the first quarter of 2021

Grissen leads all aspects of the company's biggest region, the Americas, which generates more than two-thirds of the company's fee revenues

Under Grissen's leadership, Marriott's Americas organization has grown from 2,928 hotels to 5,640 properties today, with another 1,800 hotels in the pipeline

New North American and International Leadership

Marriott also announced plans for the company's lodging operations to be consolidated under two long-time Marriott leaders after Grissen steps down from his current role. Under this plan, Liam Brown will take on the role of group president, North America and Craig S. Smith will take on the role of group president, International.

Brown currently is group president, Europe, Middle East & Africa. Brown was president, Europe, and before that, president, select brands and owner and franchise services, North America.

The company expects that David Marriott, currently president, U.S. full service, managed by Marriott, will join the company's board of directors in 2021

Hospitality M&A deals to exceed $ 800 million in 2020: HVS

Hospitality consultancy firm HVS expects mergers and acquisitions in the hospitality space to exceed $ 800 million in 2020, besides a revenue per available room growth in the range of 4.7%-5.4%.

HVS India Hospitality Industry Overview 2019, the company states the hospitality sector witnessed an over 31% growth in brand signings during the year with approximately 171 new hotels entering the branded hotel market and an additional 53 being rebranded.

“2019 was a remarkable year for hotel transactions which witnessed transactions worth Rs 4937 crore compared to just over Rs 535 crore in the previous year

HVS expects the first half of 2020 to be relatively muted, led by the Coronavirus impact on the global markets and ongoing economic headwinds that are expected to last until March 2020.

As per the HVS report, the India wide revenue per available room grew by just over 4% in 2019. The 2019 revenue per available room at Rs 3967 is still lagging the peak by 27.8%.

Average rates grew by approximately 2.9% in 2019 while the occupancy rate was 66.2% in 2019 vis a vis 65.4% in 2018.

HVS stated that domestic brands with their aggressive growth strategies have overtaken international brands in terms of brand signings for 2019. Though, they continue to sign smaller format hotels with average keys for domestic brand signings being almost half of their international peers.

As per the HVS report, IHCL, The Fern Hotels & Resorts, Clarks Inn, Intellistay Hotels and Marriott International were the top five operators in 2019 in terms of brand signings by properties.

Goa and Bengaluru remained the top markets for brand signings. Increasing supply poses a concern for the Goa hotel market performance in the near future, as per the report.