Choice Hotels CEO hints at more sweeteners in deal for Wyndham
“We’re well-advised, and we’re confident in our ability to complete this in a reasonable time frame," Choice CEO Pat Pacious told analysts on Tuesday's call.
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At the Dead Sea, a cash-strapped hotel and volunteers struggle to host Sderot evacuees
Royal Dead Sea Hotel has lost 80% of its workers due to the war and its CEO says government payments barely cover room costs: ‘Who is supposed to pay the electric bill?’ Almost four weeks after the most barbaric and deadly single-day massacre on…
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Airbnb Misses Fourth Quarter Outlook, Citing Travel Volatility
Airbnb Inc. gave a disappointing outlook for the fourth quarter, citing “greater volatility” in the economic environment that it expects will slow demand for travel after a record summer season…
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Accor raises outlook again after another strong post-pandemic summer
Europe's biggest hotel group Accor on Thursday raised its core profit target for 2023 for the second time this year, citing positive business momentum in all of its markets after another strong post-pandemic summer…
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Hilton's revenue rises by 12%, beat estimates on record lodging prices
Hilton Worldwide Holdings beat Wall Street estimates for third-quarter revenue and lifted its annual forecast on Wednesday, as record lodging prices and higher occupancy levels boosted results. The U.S…
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1,060 Room Boston Park Plaza Hotel Sold for $370 Million
Sunstone Hotel Investors, Inc. (NYSE: SHO) today announced that it has completed the sale of the 1,060-room Boston Park Plaza for a gross sale price of $370 million, or approximately $350,000 per key…
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Finding Hidden Cost Savings in Hotel Operations by Connecting BI, Ops and Maintenance Software
The fourth quarter brings the all-too-important annual tradition of budget planning for next year, and yet 2024 ‘s specific challenges have given the more heavily integrated hotel technologies a unique time to shine…
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Hotel asset management is evolving at a fast pace, and it requires a new commercial approach, not to mention a different skill set…
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Castlemartyr and Gresham hotels make strong post covid-19 recoveries as revenues surge
Castlemartyr recorded revenues of €12.45m for last year compared €7.11m for the prior nine-month period in 2021…
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Robert Parker Hotel Collection sells Dalhousie Castle Hotel
The hotel has been sold to US investors and comes six months after owners Robert and Gina Parker announced their retirement…
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Planning permission granted for epic £450m hotel close to London’s Olympia
The existing Hilton London Olympia hotel will be expanded to 905 bedrooms, marking the largest hotel to be built in London in a decade…
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APALEO DATA REVEALS DACH HOTEL AND SERVICED APARTMENTS YOY GROWTH IN Q3
Results unveiled hotels revenue outperformed serviced apartments…
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IHG says funding challenges holding back new hotel development
Holiday Inn owner IHG (IHG.L) said on Friday short-term funding issues were holding back development of new hotels, as it reported a quarter-on-quarter slowdown in its net room supply, a key revenue driver…
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2024 Budget Planning: What Is Top of Mind for Hotel Owners & Operators? - By Michael Grove
Budget season is upon us, and around the world hotel owners and operators are buried deep in data trying to come up with 2024 performance numbers.What unique challenges are hotels facing in the 2024 budgeting and planning process? HotStats reached…
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Wyndham’s Reasoning Behind Refused Choice Takeover
Choice Hotels announced an unsolicited offer to Wyndham’s shareholders on Tuesday, after negotiations had broken down. Wyndham later on that day released information on why they refused Choice’s proposal that centered on future growth prospects…
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Hotels to Pay Middlemen $75 Billion in 2023: Skift Research
Hotel companies pay billions a year to online travel agencies and other distributors. Our estimate of how much is eye-opening. So is hoteliers' naiveté about how sustainable their level of spending is - Seth Borko and Sean O'Neill, Skift…
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AccorInvest Seeks to Sell €2 Billion in Hotels to Slash Debt
AccorInvest Group SA, one of the world’s largest hotel owners, has put a series of assets up for sale in Europe and Latin America to reduce its debt, according to people familiar with the matter…
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Hotel chains' earnings updates set to indicate UK travel and hospitality demand
Whitbread, which owns Premier Inn, as well as food brands including Beefeater and Bar + Block, will report its half-year results on Wednesday…
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