Hotel earnings tips

IHG Q3 2023 Results: Chinese Recovery Has Arrived, Says CEO - skift.com - Britain - China
skift.com
20.10.2023

IHG Q3 2023 Results: Chinese Recovery Has Arrived, Says CEO

IHG’s third-quarter results on Friday show the group is starting to benefit from the domestic travel resurgence in China, seeing improvements over 2019 for the first time in four years.

Hilton, Travel and Leisure, Marriott Timeshares: 2024 State of Play - skift.com - county Maui
skift.com
01.03.2024

Hilton, Travel and Leisure, Marriott Timeshares: 2024 State of Play

Hilton Grand Vacations reported financial results on Thursday, following recent reports from timeshare operator rivals Marriott Vacations Worldwide and Travel and Leisure Company.

IHG Touts Growth in Loyalty Program and Hotel Pipeline - skift.com
skift.com
20.02.2024

IHG Touts Growth in Loyalty Program and Hotel Pipeline

IHG provided a strategy update to investors Tuesday, with executives forecasting rising growth for its loyalty program and its hotel development pipeline.

Hyatt Releases Upbeat Hotel Metrics, Delays Conference Call - skift.com
skift.com
15.02.2024

Hyatt Releases Upbeat Hotel Metrics, Delays Conference Call

Hyatt postponed an investor conference call scheduled for Thursday. But investors shrugged off the delay and focused on preliminary financial results.

Wyndham Results Hurt By Cost of Choice Hotels' Hostile Bid - skift.com - state Colorado - state Vermont - Washington - state Kansas
skift.com
15.02.2024

Wyndham Results Hurt By Cost of Choice Hotels' Hostile Bid

Ever since Wyndham said ‘No’ to Choice Hotels’ offer last year to buy it, executives have been sandbagged by work related to preventing the hostile merger.

Marriott: Strong 2023 With Record Luxury Hotels Deals - skift.com - Marriott
skift.com
13.02.2024

Marriott: Strong 2023 With Record Luxury Hotels Deals

Marriott reported financial results on Tuesday that underscored how the hotel giant has continued to benefit from resilient travel demand despite economic uncertainty in many regions.

Nigeria's Transcorp Hotels Expands Its Hilton Operations - skift.com - Nigeria - city Lagos
skift.com
09.02.2024

Nigeria's Transcorp Hotels Expands Its Hilton Operations

Nigeria’s Transcorp Hotels, one of Africa’s biggest hotel players, has posted full-year 2023 results: Profit was up 133% year-over-year, and revenue gained 35.8%.

Accor Now Expects Its 2023 Hotel Performance to Exceed Forecasts - skift.com - Usa
skift.com
26.10.2023

Accor Now Expects Its 2023 Hotel Performance to Exceed Forecasts

Accor issued rosier forecasts for full-year results and its 2024 outlook on Thursday on the strength of better-than-expected performance this year at the Paris-based hotel group.

Wyndham Strongly Rejects Choice Hotels’ Hostile Bid But Leaves Door Open - skift.com
skift.com
26.10.2023

Wyndham Strongly Rejects Choice Hotels’ Hostile Bid But Leaves Door Open

Wyndham’s executives talked at length Thursday about why they wouldn’t accept the unsolicited bid from Choice Hotels – a $9.8 billion buyout offer after assuming debt.

Hilton’s U.S. Growth Returns to Normal, International Surges - skift.com - county Pacific
skift.com
25.10.2023

Hilton’s U.S. Growth Returns to Normal, International Surges

Hilton reported results on Wednesday that suggested a boom in U.S. hotel bookings after the pandemic has begun to run its course while surging reservations at Hilton’s international hotels appear to be compensating.

Why Marriott Thinks It Could Fare Better Than in Previous Recessions - skift.com - state Maryland - Canada - county Carlton - Marriott
skift.com
25.08.2023

Why Marriott Thinks It Could Fare Better Than in Previous Recessions

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.

Soho House Founder to Retire From CEO Role; Company Cutting Back Growth Ambitions - skift.com - city Bangkok - city Mexico City
skift.com
25.08.2023

Soho House Founder to Retire From CEO Role; Company Cutting Back Growth Ambitions

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.

Choice Hotels Looks to Transcend Budget Image by Going Upscale - skift.com - state Maryland - city Rockville, state Maryland
skift.com
25.08.2023

Choice Hotels Looks to Transcend Budget Image by Going Upscale

Choice Hotels‘ recent acquisition of Radisson’s Americas business looks like a post-pandemic statement of intent. The $675 million deal will help shift the company’s portfolio mix upmarket.

Indian Hotels Company Enjoyed Another Record Quarter - skift.com - India
skift.com
25.08.2023

Indian Hotels Company Enjoyed Another Record Quarter

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

MGM Resorts Forecasts March to Be the Best Month for Its Las Vegas Hotels Ever - skift.com - city Las Vegas - Macau
skift.com
25.08.2023

MGM Resorts Forecasts March to Be the Best Month for Its Las Vegas Hotels Ever

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.

Loews Hotels 2022 Profit Up 51 Percent From Pre-Pandemic Levels - skift.com - city New York
skift.com
25.08.2023

Loews Hotels 2022 Profit Up 51 Percent From Pre-Pandemic Levels

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.

IHG Expects Hotel Rates to Stay Strong Thanks to Digital Investments - skift.com - Britain - China - county Windsor
skift.com
25.08.2023

IHG Expects Hotel Rates to Stay Strong Thanks to Digital Investments

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.

Marriott's Record Quarter Boosted by Rebound in Luxury and Group Bookings - skift.com - China - state Maryland - county Carlton - Marriott
skift.com
25.08.2023

Marriott's Record Quarter Boosted by Rebound in Luxury and Group Bookings

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.

Marriott Vacations Sees Timeshare Strength on Torrid Leisure Travel Demand - skift.com - Charleston, state South Carolina - state South Carolina
skift.com
25.08.2023

Marriott Vacations Sees Timeshare Strength on Torrid Leisure Travel Demand

Marriott Vacations Worldwide Corp‘s new CEO John Geller said on Thursday that the company’s fourth-quarter earnings underscored continued strength in leisure demand for its timeshare properties, package tours, and other offerings for travelers, despite talk of economic uncertainty.

Accor's Robust 2022 Invigorates Bet on Local Hybrid Hospitality - skift.com - Usa - China - Saudi Arabia
skift.com
25.08.2023

Accor's Robust 2022 Invigorates Bet on Local Hybrid Hospitality

Executives at Accor, Europe’s largest hotel operator with about 5,445 hotels worldwide, envy how U.S.-based hotel operators have consolidated North America. But they argue they have a better sense of the ground game for hospitality in the rest of the world.

Soho House Parent Changes Name to, Surprise, Soho House & Co. - skift.com
skift.com
25.08.2023

Soho House Parent Changes Name to, Surprise, Soho House & Co.

Membership Collective Group is best known for its Soho House upscale member’s clubs and hotels and for being unprofitable for decades. The London-based company wants to change both of those things, it said during a Wednesday earnings call.

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