Earnings tips

Indian Hotels Company (IHCL) plans to reach a portfolio of 300 hotels by 2025, it said on Tuesday when reporting its earnings.

United Airlines CEO Scott Kirby came out swinging with a stinging critique of the U.S. aviation system on Wednesday. Despite what he views as profound structural changes during the past four years, other players are in “denial” and failing to accept these changes — to the detriment of travelers and the entire industry.

Corporate travel at global giant Tata Consultancy Services is on track to return to 2019 levels, despite predictions that the professional services sector would never recover due to company pledges to reduce carbon footprints.

Inspirato, the luxury hospitality subscription brand, has cited “ongoing macroeconomic uncertainty” as it made workforce cuts and scaled back its 2022 financial outlook, yet this is at odds with the bullish commentary from other travel companies, especially as regions like Asia reopen for international travel.

Walt Disney Corporation CEO Bob Iger is optimistic about the future of Disney theme parks, even as he announced his company was cutting 7,000 jobs from its workforce, reorganizing and slashing $5.5 billion in costs during Wednesday’s first quarter earnings call. 

HomeToGo, the Germany-based vacation rental business that went public in Frankfurt in 2021, said this week that it has started strongly in 2023 and is on track to break even this year.

As other sectors deal with post-epidemic corrections, travel brands continue to grow as they make up for lost ground over the last three years. Earnings season continued this week and both Meta’s and Google’s results showed the strength of travel brands during the last quarter. Read on.

While EaseMyTrip’s core business is scheduled air travel, the Indian online travel agency now wants to grow its non-scheduled air travel business and further democratize it.

Despite a number of constraints in the aviation industry, American Airlines has achieved a full year of profitability for the first time since 2019. 

In an effort to combat the hold that online travel agencies have on the hotel market, Trivago is focusing on building a capability for direct access between hotels and travelers. 

A listing in India, where the market is now more receptive to e-commerce platforms, is still on the agenda for MakeMyTrip, even as the online travel agency said it is not looking at any fundraising immediately.

MGM Resorts International reported earnings for the fourth quarter of 2022 on Wednesday. Here are key points about the operator of 32 hotels and casinos in the U.S. and Macau.

Hyatt Hotels Corp., which enjoyed a blockbuster financial performance in 2022, forecasted Thursday continued success this year, especially in the first half. The company expects to benefit from growing consumer interest in its lifestyle, luxury, and resort properties, returning group reservations for its banquet halls, and an expanding room count.

Although Meta’s advertising revenue declined in the fourth quarter, travel and healthcare were the largest bright spots, the company reported Wednesday.

In full-year 2022, the Loews Hotels chain of 25 luxury properties generated $345 million in adjusted earnings before interest, taxes, depreciation, and amortization — a measure of profit — on revenue of $721 million, its parent company reported on Monday.

Despite uneven demand in 2022, Sabre expects continued overall recovery leading to positive free cash flow for the company by the end of this year. 

For InterContinental Hotels Group (IHG), soaring hotel rates owing to a post-pandemic surge in pent-up demand for travel have been a boon after the pandemic bludgeoned the travel sector. But IHG Hotels & Resorts said its pricing power would last beyond the present moment thanks partly to its investments in digital technology. The company also anticipated future growth as China, the world’s second-largest economy, reopens.

Airbnb has an answer for all those skeptics who claimed for years that it was a typical Silicon Valley unicorn with a penchant for growth at the expense of black ink — the short-term rental giant in 2022 recorded its first profitable year.

TUI’s winter bookings might have been lackluster, but early summer bookings for the world’s largest tour operator have picked up, as the company plans to focus on giving more flexibility to travelers in booking flights, hotels and activities individually, in addition to its wholesale packaged tours, to grow its customer base in underrepresented markets. 

Marriott International ended 2022 with a robust performance thanks to the post-pandemic resurgence in travel, the company said on Tuesday. It enjoyed record fourth-quarter average room rates, profit at its managed hotels, hotel development plans, and sign-ups for its co-branded credit cards.

Choice Hotels International saw revenue spike in the fourth quarter of 2022 thanks to its August acquistion of the Radisson Hotel Group Americas for $675 million and its strengthened pricing power for room rates.