Holiday Inn 2007 Annual Report Download - page 17

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BUSINESS REVIEW
Business review 15
BUSINESS REVIEW
Hotels Rooms
Change Change
At 31 December 2007 over 2006 2007 over 2006
Analysed by brand
InterContinental 50 116,624 99
Crowne Plaza 172 17 47,893 5,289
Holiday Inn 952 (35) 177,999 (8,068)
Holiday Inn Express 1,615 109 134,551 10,833
Staybridge Suites 122 25 13,466 2,513
Candlewood Suites 158 28 16,825 2,676
Hotel Indigo 11 51,501 608
Total 3,080 150 408,859 13,950
Analysed by ownership type
Owned and leased 11 (2) 4,029 (650)
Managed 193 439,696 439
Franchised 2,876 148 365,134 14,161
Total 3,080 150 408,859 13,950
Hotels Rooms
Change Change
At 31 December 2007 over 2006 2007 over 2006
Analysed by brand
InterContinental 823,722 787
Crowne Plaza 37 13 9,036 3,197
Holiday Inn 265 53 33,029 6,463
Holiday Inn Express 614 111 54,279 10,729
Staybridge Suites 147 32 15,921 3,894
Candlewood Suites 207 79 18,605 6,882
Hotel Indigo 52 28 6,565 3,520
Total 1,330 318 141,157 35,472
Analysed by ownership type
Managed 21 74,961 1,251
Franchised 1,309 311 136,196 34,221
Total 1,330 318 141,157 35,472
The Americas hotel and room count grew by 150 hotels (13,950
rooms) to 3,080 hotels (408,859 rooms). The growth included
openings of 274 hotels (31,744 rooms) led by continued demand
for Holiday Inn Express of 156 hotels (13,908 rooms). Franchised
hotels contributed over 98% of net growth, reflecting the
sustained demand for the franchised model. Net growth also
included removals of 124 hotels (17,794 rooms), of which Holiday
Inn hotels represented 54.0% (69.2% of rooms).
The Americas pipeline continued to achieve high growth levels
and totalled 1,330 hotels (141,157 rooms) at 31 December 2007.
During the year, 75,279 room signings were completed, compared
with 61,673 room signings in 2006. These signing levels outpaced
the prior year as demand for Holiday Inn and Holiday Inn Express
continued to accelerate. Furthermore, the extended stay brands,
Staybridge Suites and Candlewood Suites, contributed 24.3% of
the region’s room signings.
Americas hotel and room count
Americas pipeline