Hilton Worldwide modestly trimmed its annual room revenue forecast amid signs of cooling domestic travel demand and broader economic pressures affecting consumer spending.
Hilton Worldwide modestly trimmed its annual room revenue forecast amid signs of cooling domestic travel demand and broader economic pressures affecting consumer spending.
Royal Caribbean Group said Tuesday that vacationers are spending more on its cruises and that it expects higher pricing in 2025. Executives discussing third-quarter results also said the majority of customers are new to cruises or their brands, and they discussed using AI to set prices and plans for a new private destination in Mexico.
Hyatt Hotels is joining forces with Spanish tourism group Grupo Piñero in a 50-50 joint venture that will add 23 resorts to Hyatt’s all-inclusive portfolio, the companies said Monday.
Wyndham Hotels & Resorts said Monday it was starting to run upscale extended-stay hotels in the U.S. under the Wyndham Residence label. The move marked the hotel group’s push into the premium segment of the booming extended-stay market.
Good morning from Skift. It’s Friday, October 25, 2024, and here’s what you need to know about the business of travel today.
Accor raised its profit outlook after luxury hotels and the Paris Olympics helped drive growth, even as the French hospitality giant grappled with weakness in China’s domestic market.
The world’s largest hotel franchisor is seeing resilient demand for leisure and business travel despite economic uncertainty — even at the budget end of the market. Wyndham’s third-quarter results highlighted the benefits of having a heavy mix of hotels and resorts in the economy and midscale segments.
Good morning from Skift. It’s Thursday, October 24, 2024, and here’s what you need to know about the business of travel today.
The New York City Council on Wednesday passed a hotel licensing bill that has sparked an intense debate between supporters who claim it will improve safety and working conditions and opponents who argue it will hobble the hotel industry.
Hilton reported record hotel openings and development activity in the third quarter.
As hotel groups vie for dominance in the lucrative extended-stay sector, Choice Hotels has emerged as a leading player in the economy and midscale segments. The franchisor said on Wednesday it had opened its 500th extended-stay property.
Good morning from Skift. It’s Tuesday, October 22, 2024, and here’s what you need to know about the business of travel today.
Good morning from Skift. It’s Wednesday, October 23, 2024, and here’s what you need to know about the business of travel today.
InterContinental Hotels Group (IHG) saw strong momentum in its expansion efforts in the third quarter. The hotel group added 17,500 rooms across 98 hotels, more than doubling its growth pace from the same period last year.
Google has long let hotels buy ads at the top of its search results. Yet these paid ads have only shared generic, static information about a property. Google said Monday it had changed that by allowing hotels to add “rich data” — such as real-time rates, images, and user-review star ratings.
The growth of the U.S. vacation rental and short-term rental supply has been decelerating, and the trend will likely continue next year as some properties convert to long-term rentals because of an ongoing housing shortage.
Hilton president and CEO Christopher Nassetta believes the hotel group’s focus on traditional hotels and lodging and mostly “organic” growth gives it an edge over competitors expanding into cruises, vacation rentals, and other categories.
When most people think of Hyatt Hotels, they think of either luxury hotels (like the Park Hyatt Tokyo in the movie “Lost in Translation”) or urban business hotels (where your corporation’s annual holiday party takes place).
Good morning from Skift. It’s Thursday, October 17, 2024, and here’s what you need to know about the business of travel today.
Whitbread, parent company of Premier Inn, unveiled on Wednesday an ambitious 5-year plan aimed at driving growth for the UK’s largest hotel chain.
Hotel industry leaders gathered at The Lodging Conference in Scottsdale, Arizona, last week to discuss emerging trends in the hotel market.
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