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  "notes": "The chart uses a waterfall-like structure to show net growth as the difference between gross openings and removals.",
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      "text": "Gross openings of 59.1k rooms (371 hotels) in 2024, up +23% YOY 23.6k rooms opened in Q4 – the second largest ever quarter of openings Openings mix: 51% conversions, 49% new builds",
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