The former Trump International Hotel, Waikiki, in Hawaii will reincarnate next year as the Wākea Waikiki Beach, part of LXR Hotels & Resorts, Hilton's luxury soft brand.
26.10.2023 - 09:13 / skift.com / Taylor Swift / Dennis Schaal / Rashaad Jorden / Sean Oneill / Jeff Breece / Tim Rosolio
Good morning from Skift. It’s Thursday, October 26. Here’s what you need to know about the business of travel today.
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Hilton’s third-quarter earnings call suggested that U.S. hotel demand is returning to pre-pandemic norms. However, the company is seeing bookings surge at its overseas hotels, reports Senior Hospitality Editor Sean O’Neill.
Hilton’s revenue per available room — an important industry metric — rose only 3% in the U.S. in the third quarter. But it jumped 39% in the Asia-Pacific region. Hilton also reported worldwide growth in revenue per available room across all customer segments.
The company generated $379 million worth of net income in the third quarter, a roughly 10% jump from last year.
Next, Taylor Swift’s Eras Tour has had an enormous impact on hotel bookings around the U.S. (and Kansas City Chiefs viewership), but what about the short-term rental industry? Short-Term Rental Reporter Srividya Kalyanaraman examines the boost Swift has provided the sector.
Kalyanaraman reports that the Eras Tour contributed roughly $10 million to the short-term rental industry. In addition, the 20 U.S. cities that hosted shows during the Eras tour registered a 28% increase in revenue per available room. Jeff Breece, an executive at revenue management program Beyond Pricing, said cities also saw double-digit increases in occupancy and average daily rates.
Finally, vacation rental brand Vrbo has recently cut ties with a large number of hosts who have canceled guest bookings too frequently, reports Executive Editor Dennis Schaal.
Tim Rosolio, an Expedia Group vice president, said at a conference this week that Vrbo, an Expedia Group brand, has essentially been getting rid of bad apples from its ranks. He said that unnecessary cancellations could not only anger guests but turn them off from booking a vacation rental again. Rosolio noted that Vrbo has always viewed how many properties it has as a bit of a vanity number.
In addition, Vrbo has also decided to levy penalties of up to 50% of a gross booking against hosts who cancel too much.
The former Trump International Hotel, Waikiki, in Hawaii will reincarnate next year as the Wākea Waikiki Beach, part of LXR Hotels & Resorts, Hilton's luxury soft brand.
Although sometimes overlooked, hotel credit cards can be a lucrative addition to any wallet. Many of these cards offer generous sign-up bonuses or welcome offers, incredible hotel redemptions and free night perks.
Hilton Cancun Mar Caribe All-Inclusive offers 540 spacious rooms. (Photo Credit: Valentin Fuentes)
Hilton Grand Vacations Inc. has entered into a definitive agreement to acquire Bluegreen Vacations for $75 per share in an all-cash transaction, representing a total consideration of approximately $1.5 billion, including net debt.
When it comes to sustainability in hospitality, there is a lot of talk of what to do, how to do it and how much it will cost to make a difference.
The value of inbound visitors to Europe has returned to pre-pandemic levels with domestic tourism in the region also back in positive territory, reveals new research from WTM.
Hilton Grand Vacations has offered to acquire Bluegreen Vacations, two publicly held vacation ownership companies said on Monday.
Misguided stereotypes often define inbound tourism to South Africa. Think: “exotic” safaris with , , or themes — and poverty voyeurism.
Marriott International‘s executives reported strong revenue growth in the third quarter on Thursday. They forecasted a steady pace of revenue expansion that would return it to its historical 10-year average after the pandemic disruption.
Last month, American Express announced some major changes to a pair of its cobranded cards with Hilton Honors. Both the Hilton Honors American Express Surpass® Card and the Hilton Honors American Express Aspire Card got a major overhaul — including some new perks and a handful of modified benefits.
Hilton has this week announced the opening of the Hilton Cancun Mar Caribe All-Inclusive Resort in Mexico; the grand opening marks the hospitality brand’s 90th resort in its portfolio of properties in Mexico and the 10th all-inclusive resort in the Caribbean and Latin America.
Great news for people who love sun, sand and Hilton Honors: The Hilton Cancun Mar Caribe All-Inclusive Resort is now open in Cancun after Hilton converted, refurbished and reflagged the Royal Uno All-Inclusive Resort & Spa.