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Articles tagged “hotel earnings”

Hotels

Wyndham Results Hurt By Cost and ‘Noise’ of Choice Hotels’ Hostile Bid

Wyndham executives said a Choice Hotels offer to buy it has sandbagged them with work in rebuffing the offer and addressing regulators' concerns. The bill so far is $75 million.

Sean O'Neill | 3 months ago

Wyndham Results Hurt By Cost and ‘Noise’ of Choice Hotels’ Hostile Bid

Hotels

Marriott and Hilton: 12 Takeaways From Their Annual Reports

A dozen things jumped out at Skift when looking at Marriott and Hilton's annual financial filings. Points range from the performance of their loyalty programs to how they're taking market share.

Sean O'Neill | 3 months ago

Marriott and Hilton: 12 Takeaways From Their Annual Reports

Hotels

MGM Resorts Got Las Vegas Boost From Super Bowl and F1

Las Vegas's hosting of the Super Bowl helped MGM Resorts post records in its hotel revenues. Demand may stay strong as the company expects to fully roll out a Marriott licensing tie-up by the end of March.

Sean O'Neill | 3 months ago

MGM Resorts Got Las Vegas Boost From Super Bowl and F1

Hotels

Marriott: Strong 2023 With Record Luxury Hotels Deals

The volatility of the day-to-day horse race can obscure the bigger picture: Marriott's management delivered stellar results in 2024, with an effective 48% profit margin.

Sean O'Neill | 3 months ago

Marriott: Strong 2023 With Record Luxury Hotels Deals

Hotels

Hilton CEO Sees ‘Opportunity’ For Hotel Acquisitions

Hilton signaled that hotel sector circumstances have shifted in a way that makes it more likely it would pivot from its 16-year strategy of creating brands and instead consider buying them.

Sean O'Neill | 3 months ago

Hilton CEO Sees ‘Opportunity’ For Hotel Acquisitions

Hotels

Nigeria’s Transcorp Hotels Posts Record Profits and Expands Hilton Operations

Nigeria has the largest economy in Africa, and perhaps its most prominent hospitality player is Transcorp Hotels. While relatively small, the brand is watched with interest because of its expansion plans.

Sean O'Neill | 3 months ago

Nigeria’s Transcorp Hotels Posts Record Profits and Expands Hilton Operations

Hotels

Choice Hotels Defends Pipeline as It Pushes Wyndham Bid

Choice Hotels is seeing weakness in its hotel development pipeline. That may not improve much if it remains distracted by pursuing a merger with Wyndham.

Sean O'Neill | 6 months ago

Choice Hotels Defends Pipeline as It Pushes Wyndham Bid

Hotels

Hyatt Optimistic on Hotel Pipeline Bet in China

Travel demand in China has continued to recover despite financial turmoil in the country. Hyatt is optimistic that the rise of China's middle class will, long run, also benefit Hyatt's high-end brands.

Sean O'Neill | 6 months ago

Hyatt Optimistic on Hotel Pipeline Bet in China

Hotels

Marriott Sees Strong Growth in Revenue and Hotel Development in 2023

For Marriott, 2023 is shaping up to be a banner year.

Sean O'Neill | 6 months ago

Marriott Sees Strong Growth in Revenue and Hotel Development in 2023

Hotels

Accor Now Expects Its 2023 Hotel Performance to Exceed Forecasts

Accor is having a happy, "Emily in Paris" kind of year. High-spending Americans thronged Europe this summer, helping the hotel giant beat expectations for revenue and profit.

Sean O'Neill | 6 months ago

Accor Now Expects Its 2023 Hotel Performance to Exceed Forecasts