-
North America
Host Hotels and Summit Hotels Post Better Than Expected Earnings
Host Hotels reported solid first-quarter earnings exceeding expectations, while Summit Hotels also outperformed with significant margin expansion. -
North America
Park Hotels Beats First-Quarter Estimates
Park Hotels exceeded adjusted EBITDA and AFFO estimates and raised their financial guidance, citing optimism in their group and leisure outlook, likely due to recently renovated properties. -
North America
Selina Shareholders Prepare for More Dilution
Selina Hospitality’s existing shareholders face dilution as Osprey International Limited expedites its $6 million investment, impacting the company’s total share structure unfavorably. -
North America
Hotels See a Rebound in Business Travel
A new report points to a resurgence in business travel, with group travel boosting hotels and companies increasingly sending employees on trips, challenging earlier predictions that virtual meetings would replace in-person business interactions permanently. -
North America
Canadian Business Travel to Boom in 2024
Canadian business travel is expected to grow robustly in 2024, outpacing global and U.S. rates, with increased spending and trip frequency despite financial challenges. -
North America
Wyndham Beats First-Quarter Expectations
Wyndham Hotels & Resorts’ first quarter results exceeded expectations, with stock buybacks increasing despite a hostile bid from Choice Hotels, maintaining a record growth pipeline for the 15th consecutive quarter. -
North America
Pebblebrook, Hilton and Travel + Leisure All Beat First-Quarter Estimates
During the hotel group’s earnings season, Hilton’s report stood out as the most impressive – despite showing slowing RevPAR growth – due to strong performance in Net Unit Growth and EBITDA flow through. -
North America
Hihotels by Hospitality International Expands Portfolio
Hospitality International’s hihotels brand has added eight new properties across five states, encompassing a mix of acquisitions and new constructions. -
North America
Selina Receives Nasdaq Delisting Warning
Selina Hospitality received a delisting notice from Nasdaq due to its low stock price, but plans to implement a reverse stock split to regain compliance. -
North America
Barclays Previews First Quarter Results for Hotel Groups
Barclays previewed the first quarter for the lodging sector, suggesting mixed RevPAR results due to the March Easter shift, but maintaining expectations for in-line EBITDA among large caps, while adjusting target prices for major hotel brands including Marriott, Hilton, Hyatt, Wyndham, and Choice Hotels.