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In this week's 5 Star Weekly Briefing multiple major hotel chains, including IHG, Hyatt, TFE Hotels, and Accor, are highlighted for aggressive expansion, particularly across Australia and Asia-Pacific, with numerous new property openings scheduled between late 2025 and 2029. Financial data for IHG and Accor confirms steady global growth, strong pipeline expansion, and rising profitability driven by luxury and lifestyle brands. Furthermore, the text details significant real estate transactions in Asia-Pacific and notes that major sporting events in Australia contributed a $75 million boost to hotel revenues. And of course congratulations to the industry professionals commencing new roles across Australia and New Zealand.
By Technology4HotelsIn this week's 5 Star Weekly Briefing multiple major hotel chains, including IHG, Hyatt, TFE Hotels, and Accor, are highlighted for aggressive expansion, particularly across Australia and Asia-Pacific, with numerous new property openings scheduled between late 2025 and 2029. Financial data for IHG and Accor confirms steady global growth, strong pipeline expansion, and rising profitability driven by luxury and lifestyle brands. Furthermore, the text details significant real estate transactions in Asia-Pacific and notes that major sporting events in Australia contributed a $75 million boost to hotel revenues. And of course congratulations to the industry professionals commencing new roles across Australia and New Zealand.