The most noteworthy quotes of the week include CBRE's analysis of how brand proliferation is impacting RevPAR results and what segments have upside.
QUOTE OF THE WEEK
“Midscale and economy chains that are facing both RevPAR declines and closures posted the slowest RevPAR growth between 2019 and 2024. The reduction in room count should ultimately bring supply and demand into balance, setting newer economy and midscale prototypes up for improving topline and profits.” – CBRE Read story
“[Houston] has high barriers to entry. There’s no real
prospect of new supply. There’s not a ton of competitive, extended-stay supply
and then to be able to refresh this product, make it something relatively new
to guests, and then get a full 15-year franchise term. It was really attractive
to us.” – Adam Lair, Partners Capital
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“This investment reflects our confidence in the long-term potential of All-Inclusive hospitality and our commitment to helping owners capitalize on that opportunity. As demand accelerates and guest expectations rise, we’re ready to deliver the expertise and discipline this category requires.” – Eric Jacobs, Aimbridge Hospitality Read story
“Strong operating performance and ample capital availability
continue to drive hotel investment activity [in Canada], with several
transactions across key metro areas, including Toronto, Vancouver, Montreal and
Ottawa, closing in the second quarter. Investor confidence remains high and is
fueling robust pricing across all service segments.” – Colliers Read story
“The outlook for the sector remains buoyant as demand
outpaces supply and India continues to be an under-served hospitality market
especially in the mid-market segment. Our partnership with ANK,
Pride and Brij Hospitality is a multi-pronged approach
addressing India’s heterogenous market landscape and is in line with IHCL’s
five-year road map ‘Accelerate 2030’ of unlocking India’s tourism potential.”
– Puneet Chhatwal, Indian Hotel Co. Ltd.
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“Many large U.S.-based or publicly traded companies rely on
strong brand architecture but often lack the operational experience and
commercial strategies needed to succeed in this niche. Our strength lies
there.” – Bernat Vicens, Fergus Group
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