Kavita Tatla News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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Improvement in demand within the first quarter, led by the Americas and Greater China.
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Group RevPAR down 50.6% vs 2019 (down 33.7% vs 2020); continued industry outperformance in key markets.
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RevPAR reflects a 23%pts reduction in occupancy, with rate sustained at ~80% of 2019 levels.
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Occupancy of 40.0%, improving through the quarter; 223 hotels (4% of estate) closed at 31 March.
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Net system size growth broadly flat YTD; global estate 884k rooms (5,959 hotels).
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Opened 7.3k rooms (56 hotels); 5.8k added to Essentials and Suites brands, 1.5k in Premium, Luxury & Lifestyle.
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Removed 9.5k rooms (61 hotels); 6.3k (31 hotels) for Holiday Inn and Crowne Plaza in Americas and EMEAA.
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Signed 14.5k rooms (92 hotels), ahead of Q1 last year; total pipeline increased to 274k rooms (1,820 hotels). ....

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