La Quinta Growth Paces Select-Service Segment
Wednesday May 29th, 2013 - 9:46AM B
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DALLAS—La Quinta Inns & Suites is reporting that it has grown faster than other select-service lodging brand in its main competitive set in the years 2002-2012, based on data provided by Smith Travel Research.
With growth of more than 141% in that period, the brand outpaced competitors such as Holiday Inn Express, Hampton Inn/Suites, Fairfield Inn, and Comfort Inn/Suites. Over the past decade, more than 50% of La Quinta’s growth was from new construction locations. The pipeline currently includes nearly 150 locations, with more than 80% of these being new construction and is expected to grow the brand to almost 1,000 hotels.
“The data from Smith Travel Research reinforces the strength of the La Quinta brand and its unique value proposition during a 10-year period that included very difficult times as well as good times,” said Rajiv Trivedi, La Quinta’s executive vp and chief development officer.
Tags: • Hospitality • Brands •
For the past few years, the talk of The Lodging Conference in Phoenix had been focused on the economic recovery, solid industry projections and “cautious optimism.” With the word cautious no longer necessary, the economic outlook took a backseat this year to the seemingly unending parade of new lifestyle brands.