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(325) WE WINDS OF cHancE With pending consolidation comes potential upheaval at the top of HOTELS’ annual ranking of the Giants. ems cmon ow) norton Sof a hese el ‘nd tt eet 1 [aise tomes spat eee sb em anes, ota eset imate Hote tabs ed tito Teotecs emp BSRREGREES ER RTEREE See Vee eee Stas eons Hem man eet niente Se ete uta sue meu seven i i E i F Bese aatessseeseeeeeese ella eon eo ec ion fio) comms ‘anno ei teem secon Per ot =n nia win iene inne ton ven a se a ae ms ass mss ma 1 on an or ow «a es ea as xa is seseg QSESRELSRETTELET RS TAAIRurAYTIeSVTAeeRe REEL eeeeeneaeszsreecuneeevcos eeeaegens ‘os wat ‘ig os ty ee eres estan Priel atte soa eg, ‘time tae srt kets totan net ‘soir Remo Pate tte milan peat Sentero chet eb ‘ode ea crn ‘otitis acters) eri aire, Scuba testy tans uz ts ue ae) stat eto aa tn ‘eo por Teng a ai irs Sern Oe fant an tan ee (on, ae mtn ser can nou hi re Soe rst Rea Mowat cone a0 N90 se i wie 180 2a a nee as no a 1s a 5 aes wa us sm aw us Bas BEEREEE SEELEREESR EEE easagseseengeueges SSeS RS HERE EER GER EEE EERE ‘mc sao emt han a i apne octet a (cet ay eed re sen Bet tain. na dea oe stot Soe ora te ee sere a Saestats eigen te, e-bay ng (ortasrowpne mont ety see uae Ansett es esp run e (ee ec antics ‘suru Oe eon — acon peor a = oma ‘0 srt ae vane somata ‘mb txt pare ou ‘mo em os a va 10 135 a ws ae 0 xo us fet totam nck ‘se * ise 1 (ines rn wm em 2 452 Payee ana oe % 54 omnia sent woke a 36h men Seige Maes Me 2 iret wero ow 2 1556 laana ote cst ) Wook ea a om 2 wos ssn tee 5 es etn ste 3 soot ce nek of > 165 10a sre eo a) 4 0s at on wok sm 2 or tanec ‘oS ds 2 1688 ent exh eit malo a 09) mrss etoon a 5 fo eed earnest mo) me » co a est ue Hs @ stata ei a ego att = oo ° malo as nt mt 5 wai ot woe « a in ot om om a sens ee eta mam a foment ton “ 6 » oi stom net moons 9 11 rascrowpeneten wpa 1 5 18218 hori resin em ee) emo katt 2 se ti sa est ms 5 85 contain et a) . a) reruns wom ° a = is 2) o 183i gid 68 4 89 pase 0 kat " 909 itt emia ws aes 8 woos si, san ys aa s 09M ape (nen Si a) o soe twin ‘at er a 105A ies i mw B s 98 io ens rr) ® for agtsy aeesRave owe at ak aD 3 108 i ts se ene ws s 20015 ny en ney 8 ow @ a SSRRARRRERTERHRRESHHSELRERREBEE SHEB8 20 Ge 25 tama pty erent te Meth =i i i actus tots ne mt te re andi emt es utes (stent Soto as Pee reer ere iti Ss BSenexee f { 5 ee are Warts Sachets set tala ton nec seb ain gee Sirois Festa on tonto ‘da open. HERR EEERRHESEEEHRE REESE exon oo pererron timo coma ve veto tara i a na won Pa =a a ese (erin enna Sra a on om si sae 0 ses sm sa sme ss ss so 6 wo “5 PEEGEELELLPERSLRERRRETEITARSGATSESERESRREERR EERE EE ance ese sta ovr ater et eget a) acon ese ratas etarseee = cea = Ta umm ‘tesa ibe ae is noc Serie en) ~— Baiis a = ramets meta es Pott eeu oa ksseroo 0 epmtttoan = = tation oto, rset ow 25 mon aopnat ~ Taek 2 Pontes = Ste. td Sau8s Beeeasueee abr | eae sr Hea eh i oe Natt etd ast Gene rez nett rebirth erean Gono usin est on rae ate re sat (eves oct om Msg er tao vas soa wa 6 ‘uo oe os wo om Co ‘3 rs 40 08 o ss cI os Me co a ua am oH TOP 50 Brands one setae ene es ‘axon vee Sat Sen Coane uti nse as onsen ih etme ee 7 Faint emt nt tty ed os Win att vos en wt Sys 7 o 0 a % @ s = ao 35 * @ 2s a « “ 6 "ine st ana) nats) aude ‘Sy gaia nda oo Sarno ee estes nt a ene ues am) Cott tiie Speer 325 0 a ns mas us es oe] ase sas 333 seeks meee Be Top 50 Hotels 1 Wanton 2 Ohitstind ‘s 3a agent, sa 4 Wome sm © ntti a 7 tests = 8 ett 6 2 eter cn 2m 40 fees thot co 11 oie ret ow 1 seta, i 4 Noses us 35 mn co os 36 tse ntn im a7 wosssmuasne % 18 Wenn m 19 Senko % 20 Mites 0 2 te ys = 2 mattaso8 ry 3 rts = tenon a aj anne w 26 Mtn o 57 Neston ® 28 one » 20 fay enti a at btm 5 32 ety a 23 eaten et » 35 oslonomeit * 6 sons » af eran oes 25 nen ™ 0 fase : 40 Mek ow 48 Mateo tema u 42 Mitt " 49 ohne ec m 4 ieee 8 45 sixawstan oper ” 46 tse ets 3 2 haere 8 45 toe ete “ 40 coe @ 50 oases ® op 25 / Consortia Hots Hotels arora, Sain Prefered Hotels & Resorts (hice, nos USA ‘Assodated Lnuy Hoes Itetatonal ilar, sia USA eek, eay 36 rots sawp 2016 east agen oun 1 About the ranking Duta for HOTELS a2 stored hough an onne survey complete by hol eompary contacts Individuals re eked toreport the numer of questooma and hotelin operation ‘ested as of Deemer 205, Comopanies tha do nic respond ‘ro subjoct oan etimate throu publi record previo yours dita industry suices nd independent esearch. Tn some ces, om lute are nto more Dan once becauso HOTELS chootsto separately report data om owner operators managers and ranchlsorson the se Ist ‘Thus single property that owned by one pay, managed by nother and branded bya third would be counted the times Fyehermare this aking omits companies tt extsivey or overwhelmingly own hotels eny companies hatalso manage, vem and eperate oF ranchite hotels areineladed. Asa rel FRETT¥and private ety companies aw exuded "oteworihy chang 25 tl companies no ranked lst ya joined {e300 compra aking hiya ether du to sre mene aed austen ores day wre prev niente Amante most netewerthyguiney in tho ranking worn Chinese compan Sangha Jin ing, which jumped Nah Na ae its seuss of Plato Hot and HINA Hosp Cao ch jmped to Na hom No. 75nd should mp much more nest yur ‘thts planned acqaation cf Cassis tel rene BBs om syne 2006 iene Go) on 4 Salado, eeawetnte ww © 6 erate ota it © 8 Mamet mgemet Yate ett a us 0p : 10 Countries 1 Renmin = ort nent e Cs Seine a) Sea att ot ‘Special has tothe following companies and individual who helped HOTELS collet date: + orwath HTL. |= MKG Grosp + Chia Scott contsbutor

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