United Airlines executives outlined third-quarter earnings results in an October 18 conference call. Here are six of the most interesting takeaways.
United Airlines executives outlined third-quarter earnings results in an October 18 conference call. Here are six of the most interesting takeaways.
Premier Inn’s owner Whitbread said on Wednesday that a shrinking supply of budget hotels in the UK will strengthen its pricing power for years to come.
United Airlines’ revenue in the third quarter rose 12.5% with domestic demand remaining strong despite analysts looking toward signs of a softening U.S. market.
Generator Group, which owns or runs 21 hotels, gave a financial update on Monday that underscored the post-pandemic boom in travel.
Marriott will broadcast its Wednesday, September 27, “Security Analyst Meeting” live (details here). It’ll be the first such presentation the world’s largest hotelier has given since 2019.
Selina, a hotel and experiences brand focused on youth travelers, said on Wednesday that its financial metrics were trending in the right direction as it reported earnings results.
Good morning from Skift. It’s Friday, September 8. Here’s what you need to know about the business of travel today.
Labor Day is in the rearview mirror but, believe it or not, travel companies have only just finished reporting their second quarter results.
Portugal’s flag carrier TAP said on Wednesday that it swung to a net profit of $25 million (23 million euros) in the first half of 2023 on strong revenue growth, boosted by booming tourism, and forecast a strong performance for the remainder of the year.
Southeast Asian budget airline AirAsia was back in the black in the second quarter but its rebound was slowed by the global shortage in aircraft parts and other supplies.
If you follow the short-term rental industry, you would have read or heard Sonder touting itself as “a leading next-generation hospitality company that is redefining the guest experience through technology and design” countless times.
Buoyed by the strong recovery in India’s domestic travel demand, online travel company Yatra.com plans to launch its Indian initial public offering by March next year.
India-based budget hotel operator and aggegator Oyo updated its draft red herring prospectus with results for the first half of the fiscal year signalling its intent to soon launch its initial public offering.
Royal Caribbean Group received a strong boost in its booking volume thanks to relaxed Covid protocols, the cruise company’s executives said on an earnings call Thursday.
Marriott International forecast that its fourth quarter would surpass 2019 in revenue per available room, a a closely watched number, underscoring the resilience of travel spending despite economic worries.
Hyatt just lapped the one-year anniversary of acquiring the all-inclusive resort company Apple Leisure Group in a $2.7 billion deal. The Chicago, Illinois-based hotel group is now looking to expand its hotel presence in European cities that could help feed its all-inclusives, according to comments executives made as they reported its earnings.
Earnings seasons for the hotel sector is nearly over, and one striking aspect of executive comments on calls with investors was the resilience of development pipelines for hotels belonging to brands run by global groups. For new construction, conversions, and franchise signings, hotel companies painted an optimistic picture.
American Express Global Business Travel continues to benefit from the ongoing rebound of business trips. In particular the reopening of countries in Asia Pacific, barring China of course, bodes well for the world’s biggest travel agency.
Nick Jones said on Wednesday that he would step down from being CEO of Membership Collective Group nearly three decades since he founded the original Soho House that eventually led to the creation of the public company and owner of the Soho House chain.
Yanolja said this week it expected that a post-pandemic rebound in international travel will continue to boost its twin businesses of online travel sales via a superapp and software sales to hotels and other travel companies. The South Korea-based startup has made progress on both ambitions since 2011, when it received a $1.7 billion investment from the Softbank Vision Fund in a transaction that valued Yanolja at the time at approximately US$9 billion.
Expedia will continue to invest in gaining long-term value customers despite the risk of losing bookings to its competitors, as it focuses on brand awareness, paid app downloads and its loyalty program.
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