Accor Rejoins the CAC 40, the Paris Stock Exchange Benchmark Index
The decision, effective from March 15, 2024, was made by Euronext Paris's Expert Indices Committee following the quarterly review of the CAC 40 index.
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Hotel Financial News
Hyatt Responds To Guest Feedback
Hyatt Record Total Fee Revenue Led to the Highest Cash Flow from Operations in Company History
Hyatt Reports Fourth Quarter and Full Year 2023 Results
Wyndham Results
Wyndham Hotels & Resorts Reports Fourth Quarter 2023 Results
System-wide rooms grew organically by 3.5% year-over-year, a record high. Development pipeline grew 1% sequentially and by 10% year-over-year to a record 240,000 rooms.
Scandic Results
Scandic Reports Net Sales Rose by 14.1 Percent to 21,935 Million SEK (19,230) for 2023
Scandic releases year end report 2023
Marriott International Results
Marriott International Reports Strong Fourth Quarter and Full Year 2023 Results
Fourth quarter 2023 comparable systemwide constant dollar RevPAR increased 7.2 percent worldwide, 3.3 percent in the U.S. & Canada, and 17.4 percent in international markets, compared to the 2022 fourth quarter
H World Announces Q3 2023 Financial Results
Continuous Revenue Growth Exceeds Guidance Legacy-Huazhu's RevPAR Hits a New High
Apple Hospitality REIT Results
Apple Hospitality REIT Reports Results of Operations for Third Quarter 2023
The Company achieved Comparable Hotels Adjusted Hotel EBITDA of approximately $132 million, a 1% improvement over third quarter 2022. The Company achieved Comparable Hotels Adjusted Hotel EBITDA Margin of approximately 37%, down 110 bps to third quarter 2022.
Choice Hotels Results
Choice Hotels International Reports Third Quarter 2023 Results
Total revenues were $425.6 million for third quarter 2023, a third quarter record and a 3% increase compared to the same period of 2022.
Marriott International Results
Marriott International Reports Third Quarter 2023 Results
Third quarter 2023 comparable systemwide constant dollar RevPAR increased 8.8 percent worldwide, 4.3 percent in the U.S. & Canada, and 21.8 percent in international markets, compared to the 2022 third quarter;
Hyatt Results
Hyatt Reports New Record Total Fee Revenue of $250 Million for Third Quarter 2023
Net Income was $68 million in the third quarter of 2023 compared to $28 million in the third quarter of 2022. Adjusted net income was $75 million in the third quarter of 2023 compared to $72 million in the third quarter of 2022.
RLJ Lodging Trust Results
RLJ Lodging Trust Reports Third Quarter 2023 Results
Q3 RevPAR increased 3.4% over last year – Increased third quarter dividend by 25%
Xenia Hotels Results
Xenia Hotels & Resorts Reports Q3 2023 Results
Adjusted EBITDAre: $46.3 million, decreased 13.9% compared to the third quarter of 2022
Caesars Entertainment Results
Caesars Entertainment, Inc. Reports Third Quarter 2023 Results
GAAP net revenues of $3.0 billion versus $2.9 billion for the comparable prior-year period. GAAP net income of $74 million compared to net income of $52 million for the comparable prior-year period.
Scandic Results
Scandic Reports Q3 2023 Results
Net sales rose by 5.2 percent to 6,307 million SEK (5,994). Adjusted EBITDA1) was 1,173 million SEK (1,213).
Accor Results
Accor Reports Third-Quarter 2023 Revenue of €1,286 Million Up 13% Like-for-like
RevPAR up 15% Compared With Q3 2022 - Upgraded Revpar Growth Guidance For 2023 - EBITDA Expected to Improve At Between €955 Million and €985 Million
Wyndham Results
Wyndham Hotels & Resorts Reports Third Quarter 2023 Results
The Company generated net income of $103 million, or $1.21 per diluted share, compared to $101 million, or $1.13 per diluted share, in third quarter 2022.
Hilton Results
Hilton Reports Third Quarter 2023 Results
For the three months ended September 30, 2023, system-wide comparable RevPAR increased 6.8 percent compared to the same period in 2022 due to increases in both occupancy and ADR, and management and franchise fee revenues increased 12.3 percent compared to the same period in 2022. For comparison to pre-pandemic results, system-wide comparable RevPAR for the three months ended September 30, 2023 increased 11.4 percent compared to the same period in 2019, and management and franchise fee revenues increased 36.4 percent from the same period in 2019.
H World Group Results
H World Group Limited Announces Preliminary Results for Hotel Operations in the Third Quarter of 2023
For the Legacy-Huazhu business, our RevPAR in Q3 2023 recovered to 129% of the 2019 level, supported by the strong travel demand. Breaking down into monthly numbers, our RevPAR in July, August and September 2023 recovered to 132%, 128% and 128% of the 2019 levels, respectively.
Las Vegas Sands Results
Las Vegas Sands Reports Third Quarter 2023 Results
Recovery in Travel and Tourism Spending in both Macao and Singapore Progressed During the Quarter - Net Revenue of $2.80 billion and Net Income of $449 million - Consolidated Adjusted Property EBITDA Reached $1.12 billion
Marriott International Outlook
Marriott International Outlines Three Year Growth Plan at Security Analyst Meeting
Strong Fee and Free Cash Flow Growth Could Lead to 15% to 20% Adjusted Diluted EPS Growth Over Three-Year Period Through 2025
Sonder Holdings Inc. Announces Reverse Stock Split to Regain Nasdaq Compliance
Sonder Holdings Inc. (NASDAQ: SOND) yesterday announced that it will effect a reverse stock split of its common stock (including special voting common stock) at a reverse stock split ratio of 1-for-20, effective as of the close of trading on September 20, 2023, in order to regain compliance with the minimum $1.00 bid price per share requirement of Nasdaq’s Marketplace.
GreenTree Hospitality Group Results
GreenTree Hospitality Group Ltd. Reports First Half 2023 Financial Results
otal revenues increased by 12.1% year over year to RMB794.2 million (US$109.5 million)
H World Group Results
H World Group Limited Reports Second Quarter and Interim of 2023 Financial Results
Hotel turnover increased 72.0% year-over-year to RMB20.3 billion in the second quarter of 2023. Excluding Steigenberger Hotels GmbH and its subsidiaries, hotel turnover increased 78.1% year-over-year in the second quarter of 2023.
Sotherly Hotels Results
Sotherly Hotels Inc. Reports Financial Results for the Second Quarter Ended June 30, 2023
Total revenue increased to approximately $49.0 million for the three months ended June 30, 2023 from approximately $47.2 million during the comparable period in 2022.
Wynn Resorts Results
Wynn Resorts, Limited Reports Second Quarter 2023 Results
Operating revenues were $1.60 billion for the second quarter of 2023, an increase of $687.0 million from $908.8 million for the second quarter of 2022.