One segment accounted for the largest portion of rooms under contract (27.8 percent with 45,206 rooms) and in construction (24.0 percent with 17,625 rooms).
Repositioning the brand will involve major renovations to some of its hotels, EVP and COO John Cantele told attendees at the company's annual conference.
Day two of the NYU Conference was host to a second round of talks from top hospitality CEOs, and it didn't take long for the discussion to turn to OTAs.