Corporate/Finance: Page 5
-
EXTREME-PHOTOGRAPHER via Getty Images
Top travel, development trends that drove hotel companies’ Q3 results
In the third quarter of 2024, companies posted RevPAR increases driven by group business and pipeline growth bolstered by demand for conversions.
By Jenna Graber • Nov. 6, 2024 -
Courtesy of Hilton
PM Hotel Group, Sightline Hospitality merge
The strategic merger adds 22 open or soon-to-open properties to PM’s portfolio and deepens the company’s lifestyle and experiential travel offerings.
By Noelle Mateer • Nov. 6, 2024 -
Scott Olson via Getty Images
Hotel CEOs predict impact of election cycle on Q4 financials
During recent earnings calls, leaders from Marriott, Hilton, Hyatt, Choice Hotels and Wyndham shared how this year's “not typical” Harris vs. Trump election season could impact Q4 revenues.
By Jenna Graber • Nov. 6, 2024 -
Ethan Miller via Getty Images
Wynn’s Las Vegas operating revenues down, despite ‘healthy’ luxury demand
Demand from high-end consumers in Las Vegas drove solid non-gaming performance in the third quarter, which had “very tough year-over-year comps,” per CEO Craig Billings.
By Jenna Graber • Nov. 5, 2024 -
JHVEPhoto via Getty Images
Business, group travel boost Marriott’s US RevPAR growth
CEO Anthony Capuano said big corporate spenders are back and the appetite for group meetings is “really encouraging.”
By Noelle Mateer • Nov. 4, 2024 -
Courtesy of Choice Hotels International
Choice Hotels pipeline reaches record high in Q3
The company’s system size also grew year over year in the quarter, driven by conversions and upscale openings for its Radisson Americas portfolio.
By Jenna Graber • Nov. 4, 2024 -
Jenna Walters/Hotel Dive
Top hospitality industry takeaways from 2024’s Lodging Conference
At the annual event in Phoenix, hotel industry leaders shared the opportunities and challenges facing the sector and forecasted what will drive hospitality growth in 2025.
By Jenna Graber • Oct. 31, 2024 -
Courtesy of JLL
Hyatt’s asset dispositions drive growth in Q3
The company also added 22 lifestyle hotels through its acquisition of Standard International, a deal that aligns with Hyatt’s asset-light strategy.
By Jenna Graber • Oct. 31, 2024 -
Retrieved from American Hotel & Lodging Association on October 31, 2024
AHLA names Rosanna Maietta president and CEO
The public affairs and communications executive, who takes over for Interim President and CEO Kevin Carey, previously helmed the AHLA Foundation.
By Noelle Mateer • Oct. 31, 2024 -
f11photo via Getty Images
Sports tourism big opportunity for Las Vegas growth: MGM CEO
In the third quarter of 2024, MGM Resorts saw a revenue boost and record ADRs in the Vegas market, which Bill Hornbuckle calls a “major player in the sporting world.”
By Jenna Graber • Oct. 31, 2024 -
travelview via Getty Images
Despite Q3 declines, Caesars optimistic about Las Vegas group business
The operator also expects its recently opened $435 million New Orleans resort to drive results for its regional segment, according to CEO Tom Reeg.
By Jenna Graber • Oct. 30, 2024 -
Courtesy of Reuben Brothers
W South Beach sells for $400M
Reuben Brothers’ acquisition of the Miami property from sellers Tricap and RFR comes amid heightened investor appetite for luxury hotels in urban markets.
By Jenna Graber • Oct. 29, 2024 -
Spencer Platt via Getty Images
‘Victory’ or ‘disappointment’? Hospitality industry reacts to Safe Hotels Act passage
Some hospitality professionals believe the NYC licensing bill will benefit the city’s hotels, while others say it will cause “irreparable harm” to workers’ livelihoods and the local economy.
By Jenna Graber • Updated Nov. 5, 2024 -
Courtesy of Wyndham Hotels & Resorts
Pipeline generation a high point for Wyndham in Q3 2024
In the U.S., the hotel company awarded 10% more franchise contracts in the third quarter compared to the prior-year period, with extended stay demand leading the way.
By Jenna Graber • Oct. 24, 2024 -
Courtesy of Hilton
Labor disputes contribute to Hilton’s slower-than-expected RevPAR growth in Q3
The company also opened a record 531 hotels in the quarter, most of which were conversions.
By Noelle Mateer • Oct. 23, 2024 -
Courtesy of Choice Hotels International
Q&AWhat’s the future of extended stay? Choice Hotels leader weighs in
As Choice opens its 500th extended stay property, VP Matt McElhare shares what markets and segments are poised for future growth and how leveraging technology will set brands apart.
By Jenna Graber • Oct. 23, 2024 -
KenWiedemann via Getty Images
US hotel market sees stability, normalization: IHG CFO
IHG Hotels & Resorts, which posted overall RevPAR and system growth in Q3, said its properties in the Southeastern U.S. stand to benefit from post-hurricane demand.
By Noelle Mateer • Oct. 22, 2024 -
Courtesy of Marriott International
Marriott to convert MGM’s Delano Las Vegas under W Hotels
The conversion is part of a long-term strategic licensing partnership between the companies and furthers Marriott’s push in luxury.
By Jenna Graber • Oct. 22, 2024 -
Drew Angerer via Getty Images
Walker & Dunlop expands real estate services to hospitality market
The multifamily investment sales and financing leader enters hospitality as the sector shows resilience post-pandemic, particularly in urban areas.
By Jenna Graber • Oct. 18, 2024 -
Ziga Plahutar via Getty Images
Sonesta to add 114 hotels to franchise portfolio
The hotels will convert from existing long-term management agreements to long-term franchise agreements after owner Service Properties Trust sells them in 2025 to repay debt.
By Jenna Graber • Oct. 18, 2024 -
Courtesy of Hapi
Former Knowland CEO Jeff Bzdawka joins Hapi as president
The 30-year industry veteran takes the hospitality data leadership role following Knowland’s acquisition by Cendyn earlier this month.
By Jenna Graber • Oct. 17, 2024 -
Sean Davis via Getty Images
Hotel deals led Peachtree Group’s $1B loan originations year to date
The firm’s hotel credit transactions are up 176% year over year, signaling an easing in the lending market that could spur investment and development activity for the sector.
By Jenna Graber • Oct. 16, 2024 -
Jenna Walters/Hotel Dive
View from the top: Hospitality CEOs give their industry outlooks
Hospitality industry leaders from AAHOA, Extended Stay America, Peachtree Group and JLL are optimistic, despite possible regulatory hurdles.
By Jenna Graber • Oct. 9, 2024 -
Somkid Thongdee via Getty Images
Top hospitality executive appointments of Q3 2024
C-suite and executive appointees will set hospitality companies’ strategies for hotel marketing, development, investment, sales, technology and more.
By Noelle Mateer • Oct. 7, 2024 -
Courtesy of BWH Hotels
BWH Hotels names former retail industry exec chief technology officer
Reporting to CEO Larry Cuculic, Bill Ryan will oversee the hospitality company’s technology management team, guiding its digital strategy and transformation.
By Jenna Graber • Oct. 2, 2024
Previous
