Hilton Expands by Adding 5,700 Rooms via Partnership with Yotel, Unveils New “Select by Hilton” Strategy
📈 Hilton's deal with Yotel adds 5,700 rooms without acquiring the brand, marking a shift towards asset-light expansion. Under the "Select by Hilton" umbrella, the agreement serves as a growth model in the hotel industry. In 2024, IHG partnered with Novum Hospitality, adding over 100 hotels to its portfolio, increasing it by 1.9%. Marriott and MGM Resorts, as well as Hyatt and The Venetian, have similar loyalty licensing agreements.
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