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In Brief: IHG Hotels & Resorts reported 24 hotel openings and 65 additions to its development pipeline in the Americas during the first quarter, with signings up more than 30 percent year-over-year.
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Atwell Suites Panama City Beach Southeast – Image Credit IHG Hotels & Resorts
IHG Hotels & Resorts opened 24 hotels and added 65 properties to its development pipeline in the Americas, representing nearly 6,000 rooms, during the first quarter. Signings increased by more than 30 percent compared to the same period last year. The U.S. was the primary driver of performance, with additional growth in Central America, the Caribbean, and Canada.
In the Essentials & Suites portfolio, IHG reported 23 signings for the Holiday Inn brand family. The company’s three suites brands—Staybridge Suites, Candlewood Suites, and Atwell Suites—accounted for more than one-third of the region’s pipeline and achieved 22 combined signings in the quarter, including the debut of Atwell Suites in Puerto Rico. Garner, a conversion brand, recorded 14 signings and eight openings, including its first property in Mexico, contributing to nearly 200 open and pipeline Garner hotels globally. The avid hotels brand has a pipeline of nearly 120 properties.
In the premium segment, IHG reported new openings for the voco brand, including voco Times Square – Broadway and the brand’s first all-inclusive property in Port St. Lucie, Florida. The signing of voco Honolulu marked the brand’s entry into Hawaii. The Ruby brand arrived in Chicago.
In the luxury and lifestyle segment, IHG opened four new properties in the quarter. Kimpton hotels opened in New York City (Kimpton Era Midtown – New York), Scottsdale, Arizona (Kimpton Miralina Resort & Villas), and Pacific Grove, California (Kimpton Mirador Pacific Grove Monterrey). Hotel Indigo Turks & Caicos Grace Bay opened as the first IHG-branded property on the island. IHG also signed a Six Senses resort and residences in the Utah desert, named Six Senses Camp Korongo.
IHG’s Americas system includes more than 4,600 open hotels and a pipeline of nearly 1,100 properties. The company reported strong RevPAR growth in the first quarter across all chain scales and brands, driven by increases in demand for business, group, and leisure travel.
