DoubleTree Posts 49-Property Growth for 2012
Monday January 28th, 2013 - 8:30AM H
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MCLEAN, VA—DoubleTree by Hilton added 49 hotels to its portfolio in 2012 and expects to meet or exceed that pace in 2013 with both new-build and conversion hotels in the development pipeline.
Leading the brand’s growth are conversion projects, located predominantly in the Americas and Europe.
Of the properties opened, 31 hotels were in the Americas, 11 in Europe and seven in Asia Pacific.
The brand also inked more than 75 deals for hotels to open through 2020, at least 25 of which are planned in the Americas;
Tags: • Hospitality • Ownership •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.