Earnings tips

Marriott raised its forecast for 2024 profitability on Wednesday after predicting continued travel demand worldwide. But analysts spent the earnings call focused on travel booking behavior in the U.S., where post-pandemic domestic demand may be cooling.

TUI, one of Europe’s largest tourism companies, detailed the operational challenges posed by ongoing Boeing delivery delays during an earnings call on Wednesday.

Soho House’s share price closed Friday up 3%, with investors modestly liking what the membership club operator had to say about its recent performance.

Hyatt reported results for the first few months of the year, highlighting the hotel group’s growth amid broad resilience across the travel sector.

The CEO of property management company Vacasa wrote to employees today that there would be a “significant restructuring of the company” and layoffs because the vacation rental market is “in for another difficult year.”

When Airbnb started, CEO Brian Chesky said its tagline "was a cheap, affordable alternative to a hotel" — but customers aren't finding it so cheap anymore.

Airbnb execs have used the phrase “expanding beyond the core” to mean launching new products and services for guests and hosts, and also their hope to lift growth beyond the company’s main five markets: The U.S., Canada, UK, Australia, and France.

Choice Hotels International said Wednesday that its global pipeline grew in the first months of the year, particularly for the development of conversion hotels.

Tripadvisor stated this morning that a merger is not in the works for now.

Much of the discussion about business travel revolves around large corporations that have strict managed-travel policies. They require employees to book trips through sanctioned tools and at hotels and airlines that give corporations volume discounts.

Marriott Vacations Worldwide found strong demand for timeshares at its destinations in the first months of the year — except in Western Maui, which continued its slow recovery from last August’s wildfires.

InterContinental Hotels Group (IHG) predicted Friday that a recent deal would effectively double its presence in Germany and provide a foothold for stronger growth.

Expedia Group trimmed its 2024 outlook for growth on Thursday mainly because of a slower-than-anticipated recovery at Vrbo, its vacation-rental booking brand.

Booking Holdings has been engaged in building a “connected trip” — where travelers might book a flight accommodation and attraction on Booking.com — over the past few years.

Good morning from Skift. It’s Thursday, May 2. Here’s what you need to know about the business of travel today.

Trivago’s first AI-infused TV ad didn’t play well in Latin America so the Germany-based hotel price comparison site curtailed marketing investments in the region.

Premier Inn’s parent company, Whitbread, announced on Tuesday an “accelerating growth plan” for the budget hotel group, which owns about 800 hotels in Britain and dozens more in Germany.

Wyndham‘s executives saw March 11 as a fresh start for their hotel franchising company – that was the day Choice Hotels abandoned its hostile merger bid.

Accor, the Paris-based hotel operator, earns about a fifth of its revenue from France. So analysts have been eyeing possible impacts from Paris hosting the 2024 Summer Olympic Games for three weeks across July and August.

Indian Hotels Company (IHCL) is bringing back its Gateway brand from “cold storage,” but it will be a reimagined version: A full-service hotel offering in the upscale segment.

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