Marriott, Hyatt, InterContinental, Hilton, Wyndham, Accor Latest Luxury Hotels Report

Original: Li Sheng

Marriott, InterContinental, Hilton, Hyatt

Wyndham

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Major international hotel groups

Both recently released their 2021 financials

In terms of market data

It has slowed down compared to 2020 cloud

On way to turning losses into profits

After waves of epidemics

Financial reports of major domestic hotel groups have not yet been published

Be it a Marriott

Hilton or Intercontinental

Both see huge potential in Chinese market

Movement of investments to China

Conclusions are also fully displayed in execution

about future

We see a key profitability point for Chinese market

Marriott Hotel Group

2021 Annual Net Income

Number of newly opened hotels in 2021: $1.099 billion

517 Net room growth in 2021: 86,000

Marriott International

Q4 2021 revenue of $4.45 billion

105% increase year over year

Net income $468 million

67.7% increase compared to same period in 2019

2021

Marriott International Hotel Group Net Income Reaches Nearly $1.1 Billion

Compared to a loss of 267 million in 2020

It can be described as an extra large reversal wave

Where

Marriott performed especially well in fourth quarter

QoQ net income reached $468 million

67.7% increase compared to same period in 2019

He surpassed pre-epidemic levels

In addition

In 2021

Marriott ordered nearly 92,000 rooms

Where

50,000 international

More than 40% of them are ultra-modern and luxurious rooms

Annual net room growth reaches 86,000

YoY growth of 3.9%

Currently

Marriott has about 140,000 rooms in Chinese market

According to current Marriott construction projects

The number of rooms is expected to almost double in future

At New Year's hotel market

Marriott remains optimistic about Asia-Pacific market

Especially in Greater China

Recently

Marriott plans to open about 100 new hotels in Asia-Pacific region

Where

More than half of them are in China

Covering 19 provinces and 25 cities

Many regions in China to reopen this year

Planning and visualization of Marriott hotels have been published

Western trend seems a foregone conclusion

InterContinental Hotel Group

2021 Annual Net Income

Number of newly opened hotels in 2021: USD 266 million

Net increase in rooms in 2021: 300 - 5,709

Display financial report

Indicators of hotels in world in 2021 are gradually approaching pre-epidemic levels

Average RevPAR for year

RevSTEAM

YoY increase of 46%

Four quarters

Nearly half of global RevPAR hotel has been restored

To level of same period in 2019

About 300 new hotels will open worldwide in 2021

About 450 hotels signed recently

The number of contracts signed in fourth quarter is close to level of same period in 2019

2021

InterContinental Hotels Group Demonstrates Strong Global Efficiency Recovery

Operating profit reaches $494 million

Refer to previous year and turn losses into profits

2021

InterContinental opens about 300 hotels worldwide

But at same time, 264 hotels were liquidated

Focus on two brands: Holiday and Crowne Plaza

Compared to 2020

In 2021, total number of rooms at InterContinental will decrease slightly

Intercontinental hotel group

Also specified

Greater China is inseparable from a notable recovery in global performance

Thanks to high efficiency

Currently

About 600 hotels have been opened under his brand in China

The opening and construction of hotel has crossed 1000 mark

The franchise model launched in China just five years ago

The number of vacancies has exceeded 150

First

Hotel Intercontinental

Start to expand territory of your luxury hotels

Add new luxury

And a boutique of brand Intercontinental Luxury Selection

Vignette Collection

A contract was signed with 21 new luxury Voco hotels during year

25% of open hotels are rebranding projects

matches

Some mid-range hotels face optimization

Significant Improvement of InterContinental RevPAR in 2021

Obviously, they are closely related to above strategies

Second

InterContinental Hotel actively explores Greater China market

This is completely different from massive hotel closures in Europe and US

2021

InterContinental Hotels Group Greater China increased number of rooms in system by 8.9%

Lead world

Where

88 hotels opened during year

Set a record number of vacancies in 2019

New signed 153 hotels

Two-thirds of them are high-end brands and above

Strong recovery in InterContinental global performance in 2021

Obviously, this is inseparable from driving force behind Greater China strategy

Hilton Hotel Group

2021 Annual Net Income

$410 million in new hotel openings in 2021

414 net room growth rates in 2021

55100 numbers

Hilton's Q4 Revenue of $1.84 billion

YoY increase of 106.3%

Fourth Quarter Net Income of $148 million

2021

US $5.79 billion in annual revenue

YoY growth of 34.4%

Annual net income of USD 410 million

Net loss of $715 million for same period last year

Because

Increase in occupancy and ADR

Q4 2021 and Full Year Comparable Systemwide RevPAR

Compared to 2020

Yearly growth was 104.2% and 60.4% respectively

Compared to fourth quarter and 2019 as a whole

Decrease by 13.5% and 30.0% respectively

Hilton Occupancy Significantly Increased in Q4

Achieved 61.3%, 57.2% for the whole year

Q4 2021

Hilton Group recently opened 94 hotels around world

The number of rooms exceeds 16,000

Full year 2021

414 newly opened hotels

Total 67,100 rooms

The number of newly added guest rooms reached an all-time high, with a net increase of 5.6%

By end of 2021

Hilton Worldwide plans to build about 2,670 hotels

The number of rooms to be built is 408,000

Equivalent to 38% of current number of rooms

Through partnership with Plateno Group

Cooperation with Country Garden

In 2021, number of new hotels in China will increase by 45% compared to previous year.

30% increase in number of newly opened hotels

Hyatt Hotel Corporation

2021 Annual Net Income

Number of newly opened hotels in 2021: USD 203 million

Net increase in rooms in 2021: 198: 12,000

4 sq. 2021

$1.076 billion Hyatt hotel revenue

YoY increase of 153.77%

2021

Total revenue of $3.028 billion

YoY increase of 46.56%

Net loss of $222 million

2020

Net loss of $703 million over same period

Net loss down nearly 70% year-over-year

4 sq. 2021

Hotel Hyatt

Comparable Systemwide RevPAR Up 131.8% YoY

ADR up 35.5% year on year

Occupancy reached 55.6%

YoY increase of 23%

All 2021

System-wide

LFL RevPAR up 66.5% year-over-year

ADR up 8.5% YoY

Occupancy was 48.6%, up 16.9% from last year.

2021

Hyatt Metrics

Many have benefited from last August

Apple Leisure Group, a luxury hotel group acquired

ALG

August 25, 2021

Hotel Hyatt

Announced that company will accelerate transformation of group's assets

Spent $2.7 billion to acquire ALG

Acquisition

Making Hyatt after deal

Directly in European market and American market

Added 99 properties and 24 contract projects for Hyatt

2021

The Hyatt has opened a total of 198 new hotels

49,800 new numbers

Including 99 hotels after ALG acquisition

In addition

In 2021, another 17 hotels will switch to Hyatt brand

Until December 31, 2021

The company has about 540 hotels with 113,000 rooms

Wyndham Hotel Group

2021 Annual Net Income

USD 244 million

Wyndham Hotel Group

Q4 2021 revenue of $392 million

YoY growth of 32%

Fourth quarter profit of $48 million

In 2020

Loss of $7 million over same period

Annual net income of USD 244 million

YoY growth of 284.85%

2020

Loss of $132 million

Operating income of USD 1.565 billion

Increased by 20.38% year on year

4 sq. 2021

Comparable system-wide RevPAR is around $36

It is same as for same period in 2019, and has fully recovered to pre-epidemic levels

Until September 30, 2021

Global hotels of company

1450 hotels

193,000 numbers

Where

About 65% of hotels under construction are on international market

76% new buildings

34% have already started working

Net number increase by 1.5–2%

1% ~2% higher than previously expected

Direct from Wyndham

Competitors' hotels are different

Company

Based on budget and mid-range hotels

Instead of chasing elite market

Wyndham

Last year launched a luxury brand

But it is not so difficult for a company to develop in luxury goods market

Even more emphasizing position in economy class and middle class market

Accor Hotels

2021 Annual Net Income

Number of $95 million hotel reopenings in 2021

Net increase in rooms in 2021: 288: 41,000

Ackor

Last year we managed to turn losses into profit

Loss exceeds $2 billion in 2020

€1.9 billion

Profit in 2021: $95 million, €85 million

2021

Ackor

Total revenue exceeds EUR 2.2 billion

YoY increase of 34%

Asia-Pacific

Strong travel restrictions in third quarter of last year

But until Q4

Accor Hotels

Asia Pacific RevPAR Monthly

9% improvement

Annual RevPAR for Asia Pacific

Compared to 2019, there is still a gap of 49%

In connection with change in epidemic situation in region

Accor Hotels

Recovery in Chinese market is more uneven

Accor 2021

RevPAR in Chinese market fell by 32% compared to pre-epidemic period

Last February

Accor for 239 million euros

USD 289 million

Price

Sold

Residing in China

After 1.5% share

I still own Huazhu 3.3%

By end of 2021

Jin Jiang is still main shareholder of Accor

Holds 13% of economic benefits and 16.9% of voting rights

Qatar Sovereignty

QIA Investment Fund for Accor

Holds 11.3% economic benefits and 17.3% voting rights

Huazhu owns 4.7% of economic income and 3.6% of Accor's voting shares

By end of 2021

Due to recovery of market demand

Average hotel room rate

Already approaching or even exceeding 2019 levels

The hotel's turnover for entire year is down 46% compared to 2019.

Subject to Dubai

Influenced by World Expo, recovery of Accor's hospitality business in Middle East has accelerated