World hotel group ranking 2009
UK-based InterContinental Hotel Group (IHG) retains its number one position in the world, surpassing the 600,000 room mark.
Meanwhile, Hilton Hotels recorded the largest growth among the top 10 at 9.3%, bringing their global room count to over half-a-million.
Projects already launched prior to the financial downturn transpired in 2008, hence why there are still such positive increases. Although some growth is still expected, the rest of 2009 and the beginning of 2010 will prove to be much slower, with companies acting a lot more cautious in order ride-out the current economic uncertainty. According to Director of Development, MKG Hospitality, Vanguélis Panayotis, franchise contracts will now be the major battle ground for these leading hotel groups.
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