Marriott records Q2 net income of $422M
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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Marriott records Q2 net income of $422M
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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2021 is Halfway Complete. How Far has the Hotel Industry Made it Back?
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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Medical Tourism as the Next Evolution for Wellness
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 reports net income of $68 million in Q2
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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Hilton anticipating rush of group travel bookings
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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Marriott Eliminates Discount For Federal Government Employees
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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Partners Group, GIC, Salter Brothers to buy A$620m hotel portfolio in Australia
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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Hospitality Financial Leadership – GOPPAR Characteristics
If you only use RevPAR index, then you are missing the bulk of the story
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Preferred launches hotel buyout experiences
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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4 myths about the state of OTAs post-COVID-19
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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AHLA: Nearly 500,000 hotel jobs won’t return by year-end
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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Marriott’s new CEO sat down with TPG to talk Bonvoy benefits, hot breakfast and more
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New York icon Ian Schrager has seen the high-end hotel future: We’re carrying our own bags
‘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 launches new practice in the UK
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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5 tips to outsmart competition in the post-COVID hotel market
As travel slowly begins to recover, a renewed hospitality market is emerging…
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Hilton to debut new hotel in Singapore – its largest in the Asia-Pacific region
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 shifts staff to four-day week and introduces profit share scheme
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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Porsche Design And Steigenberger To Establish Joint Hotel Brand
Functional design and a unique brand experience are about to merge at the very highest level. Dr…
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Radisson Hotel Group Americas Moves Headquarters to St. Louis Park
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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AHLA: 21 of top 25 U.S. hotel markets in depression or recession
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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Accor: Workers expect to make 25% more revenue through face-to-face meetings
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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The Future Of Independent Hotels
Why Some Travelers Will Go the Extra Mile for a Unique Hotel Experience
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HotStats: Global hotel demand uptick tussles with competing costs
With the global pandemic showing some signs of relent, the collective hotel industry is reaping the reward, as travelers get back on planes or hit the road for a well-needed break from work-from-home monotony and Netflix overload…
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