Hotel groups in the hospitality industry are in for revolutionary mega-mergers, the signs for the next take over become clearer: Jin Jiang Hotels, a Chinese company, make an effort to buy Starwood, a US hotel group.
The result would be a hotel giant, including 2,688 properties worldwide. This is what the newest evaluation of TOPHOTELPROJECTS, the worldwide leading provider of global b2b hotel data shows.
Jin Jiang Hotels just recently took over the Chinese competitor Plateno Hotels. This was followed by the takeover of the European Louvre Hotels Group in spring, seller was Starwood Capital Group.
Meanwhile, InterContinental Hotels Group (IHG) also wants to grow by taking over the exclusive FRHI-Hotel Group (Fairmont, Raffles, Swissotel). A group with up to 5000 hotels would be the result.
- Shanghai Jin Jiang International Hotels â€" 1,566 Hotels (235,461 rooms) â€" 5 new constructions
- Starwood Hotels & Resorts â€" 1,122 Hotels (354,225 Zimmer â€" 557 new constructions
- InterContinental Hotels Group (IHG) â€" 4,840 Hotels (710,295 rooms) â€" 434 new constructions
- FRHI Fairmont Raffles Hotels International â€" 116 Hotels (44,000 rooms) â€" 65 new constructions
TOPHOTELPROJECTS collects and evaluates data about all hotel construction projects and hotel chains worldwide in an online database and provides its subscribers with a comprehensive overview of all major hotel projects, refurbishments and extensions worldwide. The online database currently holds over 5,000 live and confirmed projects and more than 1,800 hotel brands.
Further information:Â www.tophotelprojects.comÂ
