Hotels & Accommodations
Millennium Hotels and Resorts Crowned Singapore’s Most Valuable Hotel Brand for the Second Consecutive Year

SINGAPORE, Aug. 8, 2025 /PRNewswire/ — Millennium Hotels and Resorts (MHR) has once again been named Singapore’s most valuable hotel brand in the Brand Finance Hotels 50 2025 global ranking. Valued at USD 421 million, MHR climbed three positions to rank 31st globally, reaffirming its leadership in the international hospitality landscape and its continued commercial momentum.
This marks the second consecutive year that MHR has been featured in the global top 50, having ranked 34th in the 2024 edition, further cementing its standing as Singapore’s leading hospitality brand on the world stage.
Together with sister brand Copthorne, which recorded a brand value of USD 223 million, the combined brand value of Millennium and Copthorne now stands at USD 644 million, underscoring the strength of the group’s overall portfolio and strategic brand focus.
This accolade reflects MHR’s strategic transformation over the past year – a transformation led by innovation, digital enablement, and guest-centric growth. From the rollout of AI-powered assistants AVA and Ask Millie to full GSTC certification across all Singapore hotels, and a revitalised MyMillennium loyalty programme, the brand continues to lead with relevance in today’s competitive travel landscape. The brand also recently launched M Social Resort Penang in July, with M Social Hotel New York Downtown set to open this October and M Social Hotel Sunnyvale, Florida slated for launch in Q1 2026 expanding its lifestyle offering in key gateway markets.
Kwek Leng Beng, Executive Chairman of City Developments Limited said:
“Developing a strong and reputable brand is my priority. While growing the number of hotels is important, it’s the strength of the brand that drives sustainable growth and differentiates us in a competitive market. My personal vision is to expand our group’s portfolio globally with hundreds of Singapore flags flying in key cities around the world.”
Alex Haigh, Managing Director Asia Pacific, Brand Finance, commented:
“Millennium Hotels and Resorts’ position as one of only two Southeast Asian brands in the global top 50 hotels ranking speaks volumes about its strength in the region. Its focus on smart innovation, sustainability, and guest-centric experiences has not only made it Singapore’s most valuable hotel brand, but also a standout force in the regional hospitality landscape.”
“Being named Singapore’s most valuable hotel brand is a proud moment for us, and a powerful validation of the work our teams have done across the board,” said Kwek Eik Sheng, Executive Director, Millennium Hotels and Resorts. “This recognition reflects the value of our people, affirms our brand strength and supports our long-term vision to build a future-ready hospitality brand that is globally competitive and locally respected.”
Saurabh Prakash, Interim Chief Operating Officer and Chief Commercial Officer, Millennium Hotels and Resorts, added:
“This achievement is the result of deliberate and focused strategy one that is deeply aligned with our Chairman Mr Kwek Leng Beng’s Blue Ocean vision. On the back of MyMillennium being named a winner at the Travel + Leisure Loyalty Awards, this latest recognition further affirms the strength of our brand and loyalty proposition. We are shaping a bold new chapter for Millennium Hotels and Resorts, investing in differentiated experiences across rooms, dining, and loyalty. Our goal is to break category conventions and elevate the brand across all our markets.”
With a presence in over 80 destinations and a growing portfolio of more than 145 hotels, MHR remains firmly on track to support the group’s long-term ambition of scaling to 500 hotels globally through strategic partnerships, market-driven growth, and brand-led innovation.
Millennium Hotels and Resorts (MHR)
Millennium Hotels and Resorts (MHR) is a dynamic, global hospitality group with properties spanning four continents and 80 destinations. With a reputation for excellence, MHR owns, manages, and operates over 145 properties worldwide including in New York, Los Angeles, London, Paris, Dubai, Abu Dhabi, Auckland, Beijing, and Singapore. Its diverse portfolio spans brands including The Biltmore, Grand Millennium, Millennium, M Social, Studio M, M Hotel, Copthorne, and Kingsgate—offering the perfect address for business and leisure travellers who are looking for hospitality experiences that go above and beyond. MHR is a Hong Leong Group subsidiary of Singapore-listed global real estate company City Developments Limited. For more information, visit www.millenniumhotels.com.
MyMillennium
Explore the world and be rewarded with MyMillennium, the global loyalty programme from Millennium Hotels and Resorts. With over 4 million members, MyMillennium allows you to earn and redeem points at over 145 participating hotels across Asia-Pacific, the UK, USA, and the Middle East. Members can earn MyPoints on their stays and dining, and redeem them for rewards like complimentary nights, room upgrades, dining discounts, and more. The programme consists of three membership tiers—Classic, Silver, and Prestige—each offering exclusive perks as members progress. In addition, MyMillennium BIZ offers corporate bookers tailored rewards on their business travels and events, making MyMillennium a versatile and rewarding loyalty programme for both leisure and business travellers.
Sign up at www.millenniumhotels.com/en/programmes/my-millennium/.
Hotels & Accommodations
Ramee Group of Hotels Showcases Culture-Driven Hospitality at TTF 2025

Ahmedabad, August 8, 2025: Ramee Group of Hotels made a powerful impression at the Travel & Tourism Fair (TTF) 2025, held at Mahatma Mandir Convention Centre, Gandhinagar, Ahmedabad from 31st July to 2nd August. With an eye-catching presence at Booth A-807, the brand showcased its evolving hospitality portfolio and F&B-led experiences under the theme “Where Comfort Meets Culture,” a reflection of Ramee’s commitment to delivering location-inspired, experience-first stays.
Driven by the goal of strengthening its brand presence in key domestic and international markets, Ramee participated in TTF 2025 to network with B2B travel agents, tour operators, and industry stakeholders. The booth captured the essence of the brand’s diverse offerings from heritage and spiritual getaways to nightlife destinations and curated weddings.
Among the key announcements was the launch of Ramee Wolkenburg, Munnar, a serene retreat in Kerala’s highlands, and Bombay Adda, Andheri (Mumbai), the newest addition to Ramee’s celebrated nightlife portfolio. The group also introduced special Wedding and MICE packages for its hotels in Udaipur, Bhuj, and Bangalore, alongside exclusive B2B booking offers valid during the fair. Upcoming properties in Solapur and Rajkot were also announced, reinforcing the group’s expansion plans across India.
The response from visitors and industry peers was overwhelmingly positive. Guests appreciated the immersive booth experience and the diversity of offerings, while peers acknowledged Ramee’s innovation in blending cultural richness with modern hospitality. The team received strong business interest from DMCs, international travel agents, and wedding planners, validating Ramee’s growing reputation in the B2B space.
Led by Saurabh Gahoi, Senior Vice President, Ramee Group of Hotels, the booth was supported by key members from marketing, sales, and F&B teams. What continues to set Ramee apart is its full-stack hospitality model, not just premium accommodations, but also destination weddings, award-winning dining, and experiential nightlife. The brand’s ability to deliver modern comfort rooted in local culture positions it uniquely in a highly competitive market.
“TTF 2025 was a fantastic platform to showcase how Ramee Group of Hotels has evolved as a hospitality brand,” said Mr. Saurabh Gahoi. “From launching high-concept dining venues to expanding into culturally significant cities, our focus is on delivering value and experiences to today’s discerning traveler. We look forward to strengthening our B2B partnerships and continuing this momentum with more bold and meaningful hospitality ventures.”
The team walked away with valuable insights, including rising demand for experiential travel, growing interest in heritage and spiritual tourism, and the need for curated packages and direct booking offers. These learnings will shape Ramee’s upcoming brand and product strategies, as it continues to redefine hospitality for the modern Indian and international traveller.
Hotels & Accommodations
Choice Hotels Reports $81.7M Q2 Profit, 93K-Room Pipeline

It has also launched support programs to ease pressure from rising costs, Cuculic and Brad LeBlanc, BWH’s senior vice president and chief development officer, said during an interview at AAHOA’s 2025 Convention and Trade Show. BWH generated $8 billion in revenue in 2023 and operates more than 4,500 hotels in 100 countries and territories, according to its website. Its loyalty program has 53 million members, and Cuculic is optimistic.
“We’re a resilient industry and at BWH Hotels, we’re an optimistic company. We look at challenges as opportunities, and we’ve been meeting as a team,” Cuculic said. “When a challenge presents itself, I think you have to look at how you’re going to react, and if the strategies you put in place are still the strategies you are going to execute, and for us, they are. We see nothing to lead us to change course of our long term strategies, and that includes our investments in technology, marketing and sales.”
LeBlanc said developers should look at the long-term trajectory of the industry. He cited previous challenges, from high oil prices in the 1970s to the 9/11 attacks and COVID.
“We’ve been through a lot. We’ve been through a lot of turbulence and the industry ends up on the other side better than it was,” he said. “Look at a long trend, and the trend doesn’t change. It’s just straight up. People want to travel. It’s demand for lodging, and that’s what we do,
Still, Cuculic said they are “being thoughtful, watching carefully.” At the same time, the company continues to provide support for its owners.
“When headwinds appear, you reassess—but nothing so far suggests a need to shift course,” he said. “We’re focused on the long term: investing in AI, technology, marketing and sales, while integrating those tools across development, revenue management and operations to stay efficient and effective.”
Following a vision
Part of BWH’s planning for the future was to set a target of reaching 5,150 hotels globally in five years. Cuculic said the goal is achievable if you remember that BWH is a global company. It signed 300 deals last year and has more than 200 hotels in the pipeline.
“You don’t just create that kind of a vision,” he said. “You have to drive revenue. You have to drive brand contribution. You have to have a strong loyalty program. That’s how you get there.”
In June, BWH reported that it added nearly 100 new hotels globally in the first half of 2025. Most were in Latin America, the Middle East and Asia Pacific, and in areas following traveler interests and trends like cultural discovery, wellness, and outdoor adventure.
“The first half of 2025 has been nothing short of transformative for BWH Hotels. We’ve not just added hotels; we’ve strategically expanded our footprint, igniting our growth trajectory worldwide. This remarkable achievement is a testament to the unwavering dedication of our partners and hoteliers, who share our vision for unparalleled hospitality,” Cuculic said in a statement.
Cuculic also said the company is seeing growth in markets including North America, India, the Middle East, South America, Europe and Scandinavia. Cuculic said India remains a core opportunity.
“I was just in India. Everybody there is tremendously positive,” he said.
That positivism is driven by the policies of India Prime Minister Narendra Modi, Cuculic said.
“He’s investing in the infrastructure, highways and airports, which allows people to travel. It encourages travel,” he said. “As you’re encouraging travel, based upon that growth of the infrastructure, hotels will follow. So, everyone is very bullish.”
In January, BWH Hotels announced plans to expand WorldHotels into India, Bangladesh, and Sri Lanka. The company, which acquired WorldHotels in 2019, is now present in South Asia through
Sorrel Hospitality, its New Delhi–based master franchisee. Indian media reported that Sorrel will extend operations into Bangladesh and Sri Lanka.
Brand strategy
BWH segmented its brand portfolio to match developer needs across different regions and cycles. Its brands cover extended stay with @Home, Executive Residency and SureStay Studio; boutique and upscale: Aiden and Sadie; economy: SureStay; and soft branding: WorldHotels.
LeBlanc also said clarity in brand positioning is critical for development traction.
“You have to have a brand that meets developers where they are in their development appetite,” he said. “I would say that BWH is an organization that, over the last five to 10 years, has done a really good job putting its swim lanes in place as it built a brand family.”
During BWH’s owners’ conference last year, LeBlanc said extended‑stay brands ruled the pipeline. That hasn’t changed, he says now, with strong interest by the company’s franchisees.
“When the capital markets improve, and they will, extended stay is going to be on the front side of that line,” he said.
The company is focusing on extended stay in sectors such as healthcare, workforce housing and energy. Cuculic said the healthcare industry has a growing need for hotels to house traveling medical professionals.
“As we have an aging population, health care needs are expanding, and extended stay near health facilities are huge opportunity,” Cuculic said. “That’s where people need us, and I’m using that term need us because it’s almost humanitarian to have a long term, extended stay, term hotel near those kinds of facilities.”
LeBlanc said other industries with itinerate work forces support extended stay.
“I love the oil and gas business,” he said. “I absolutely love the world of energy, and as energy plugs into what I think it will in the next four or seven years, extended stay will be again at the forefront of that development.”
The company is also expanding into outdoor lodging. Zion Wildflower Resort in Zion National Park, Utah, its first glamping project, launched with strong presale performance. Leblanc said Tony Nelson, Wildflower’s managing partner, was pleased with the presale season.
“He, by all means, is smiling ear to ear,” he said. “When we plugged him into this $9 billion reservation system that we have, he doesn’t need much of that to be a big success. He was already a minimum of 50 percent occupancy.”
A second property, Pico Bonito Lodge, has been signed in Honduras.
“It’s upscale, it’s luxury. They’re actually renovating to even make it more upscale,” LeBlanc said. “It’s going to be a neat opportunity for us to walk into what I call outdoor hospitality. I’m a believer that outdoor hospitality is going to be a big piece of our business in the future.”
‘Tariff impact limited so far’
Both executives said the company is monitoring the impact of tariffs and material costs on hotel development. So far, they do not see any major disruption.
“It’s those projects that are entering the construction mode that are having to step back and go, ‘All right, what’s my lumber look like? What’s my sheetrock look like, what’s my metal look like, what’s my wood look like? And so, that’s left to be seen.”
Cuculic said BWH continues to take a “cautiously optimistic” view.
Hotels & Accommodations
Strong Luxury Performance and Strategic …

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RevPAR Growth: System-wide RevPAR growth of 1.6% for the quarter, or 2.2% when adjusted for the Easter shift.
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Luxury Brand Performance: Luxury brands’ RevPAR increased over 5% in the second quarter.
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All-Inclusive Net Package RevPAR: Increased 6% compared to the second quarter of 2024 in the Americas.
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Net Rooms Growth: Achieved net rooms growth of 11.8% during the quarter, including approximately 2,600 rooms from the Playa acquisition.
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Gross Fees: Reported gross fees of $301 million, up 9.5%.
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Adjusted EBITDA: Total adjusted EBITDA was $303 million, an increase of approximately 9% after adjusting for assets sold in 2024.
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Total Liquidity: Approximately $2.4 billion, including $1.5 billion in revolving credit facility capacity and $900 million in cash and equivalents.
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Full Year 2025 RevPAR Outlook: Expected range of 1% to 3% growth.
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Adjusted Free Cash Flow: Expected to be in the range of $450 million to $500 million.
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Capital Returns to Shareholders: Expected to return approximately $300 million in 2025, inclusive of share repurchases and dividends.
Release Date: August 07, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
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Hyatt Hotels Corp (NYSE:H) successfully closed the acquisition of Playa Hotels & Resorts, adding 15 all-inclusive resorts to its portfolio.
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The company entered into an agreement to sell the Playa real estate portfolio for $2 billion, with potential additional earnings of $143 million.
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Hyatt Hotels Corp (NYSE:H) reported system-wide RevPAR growth of 1.6% for the quarter, with luxury brands showing strong performance.
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The World of Hyatt loyalty program continues to grow, with membership increasing by 21% year-over-year, reaching over 58 million members.
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Net rooms growth was 11.8% during the quarter, with significant expansion in Europe and Asia, and a strong development pipeline of approximately 140,000 rooms.
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Business transient RevPAR was flat, with a 1.5% decline in the United States, particularly affecting select service hotels.
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The third quarter faces challenging year-over-year comparisons due to special events and calendar shifts, impacting growth expectations.
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Lower chain scales in the US underperformed, affecting overall RevPAR growth, particularly in the upscale segment.
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The distribution segment’s adjusted EBITDA was flat, with lower booking volumes in the four-star and below segments.
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Visibility in Greater China remains limited, with RevPAR growth expected to be only in the low single digits for the remainder of the year.
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