Exclusive extracts from this 66-page-long report:
- Who are the key players?
Groups analysed in this report include: Marriott, Hilton, Wyndham, Accor, Hyatt, Intercontinental, Jin Jiang Hotels, Shangri-La, Melia Hotels and NH Hotel Group.
- What are the players' strategies?
The majority of Wyndham's revenue (63% in FY2016) is generated by its fee-for-service businesses, that is, hotel franchising and management for its hotel business and its Destination Network business. These activities generate steady revenue streams and require limited capital expenditure, thus generating strong cash flows. Wyndham's operating margins are among the highest in the industry, and Wyndham is both the world's largest hotel franchisor by number of hotels and the largest timeshare exchange provider. […]
- What are the players' key growth and profitability drivers?
Intercontinental's revenues have been hit by a shift towards a more asset-light business model. The franchise and management businesses have seen solid growth, but hotel ownership operations have been scaled back. Profitability has been artificially inflated by asset disposals, but has been strong nevertheless, even excluding exceptional items. [...]