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Hyatt Hotels Corporation, for the second quarter ended June 30, reported a net loss of $9 million, or $0.08 per diluted share, compared to net loss of $236 million, or $2.33 per diluted share, in the second quarter of 2020…
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The global economic recovery has begun to hit its stride in most regions, with workforces in many countries planning to return to the office in the second half of 2021, transaction activity increasing, and strong gains forecast for investment in…
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Marriott International Inc., in the second quarter ended June 30, reported net income of $422 million, compared with a net loss of $234 million in the same period last year.
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Gauging the global hotel industry’s recovery is a lot like poker: you play the hand you’re dealt as best you can and you never know what the next one will bring.
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Let’s look beyond the forecasted travel recovery for the latter of 2021 for a moment – beyond the near-term ‘revenge travel’ surge. What emerging trends will define travel for the decade ahead?
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Wyndham Hotels & Resorts, for the three months ended June 30, reported net income of $68 million, compared to a net loss of $174 million in the same period last year…
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Following strong second-quarter results driven primarily by robust leisure demand and rate growth, Hilton CEO Chris Nassetta said he remains very positive about the second half of the year despite an increase in the Covid-19 case rate attributed to…
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Sometime in the past couple of months Marriott changed the rules for stays on government rates. It used to be that most Marriott properties merely required a guest to be a federal employee to take advantage of a federal government rate…
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Swiss-based global private markets firm Partners Group, in partnership with Singaporean sovereign wealth fund GIC and Australian hospitality operator Salter Brothers, has agreed to acquire a portfolio of eleven Travelodge hotels in Australia for…
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If you only use RevPAR index, then you are missing the bulk of the story
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To meet the growing demand for private and secluded getaways, Preferred Hotels & Resorts has the launched the WHERE NEXT? Buyouts—the second phase of its global WHERE NEXT? campaign.
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With the slow reopening of international travel, most of the larger online booking platforms, led by Booking.com and Expedia, have finally decided to turn their billion-dollars marketing power engine back on…
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Midway through 2021, a new report and state-by-state job loss breakdown released by the American Hotel & Lodging Association (AHLA) find that while leisure travel is starting to return, the hotel industry’s road to recovery from the pandemic is long…
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‘Who needs all those luxuries from Europe in the 17th and 18th centuries?’ Schrager says of his contemporary, Lower East Side hotel
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Horwath HTL, the world’s largest and most experienced hospitality consulting brand, announced the opening of a new practice in the United Kingdom headed by industry veteran Malcolm Kerr…
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Business owners say they're struggling to find staff. Not so the CEO of &pizza, a restaurant chain in Washington, DC, who claims that he's been bombarded with job applications.
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As travel slowly begins to recover, a renewed hospitality market is emerging…
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Hospitality group Hilton is set to debut a new flagship-branded hotel in Singapore, its largest in the Asia-Pacific. Hilton Singapore Orchard, which features a total of 1,080 rooms, will open in January 2022 in the heart of Orchard Road following an…
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Seren Collection in Wales has announced plans to roll out a four-day working work across all its venues and introduce a profit share scheme in 2022.
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Functional design and a unique brand experience are about to merge at the very highest level. Dr…
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Transwestern Real Estate Services (TRS) announces that Radisson Hotel Group Americas signed a 36,000 square-foot, long-term lease in St. Louis Park…
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Despite an uptick in leisure travel, a new report released by the American Hotel & Lodging Association (AHLA) shows that the road to recovery for the hotel industry is long—with 21 of the top 25 U.S…
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Research from Accor reveals workers expect to make a quarter (25%) more in revenue when able to communicate with clients face-to-face again.
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