Coronavirus and Travel

Coronavirus

U.S. Hotels Roared Ahead With Desperately Needed Job Gains in July

U.S. hotels continue to post strong job numbers thanks to summer leisure travel demand, but the industry can't afford to ride on blind optimism. The Delta variant throwing a wrench in the expected return of business travel will show up in jobs reports later this year.
Online Travel

Expedia Awaits Comeback of International Travel to Solidify Market Share Gains

After shutting down or selling eight businesses — some of which were relatively inconsequential — since the beginning of 2020, Expedia Group doesn't expect any more such asset dispositions as part of its drive to make the company simpler and more focused. But selling brands may turn out to be the easiest part of the exercise.
Coronavirus

Hyatt Explores Brand Acquisitions to Fuel European Growth

Seizing smart, strategic opportunities coming out of the pandemic is top of mind at Hyatt, of course. But the Chicago-based company shouldn’t expect any bargains in its potential European brand hunt. The competition is too fierce.
Coronavirus

Marriott Rides China and U.S. Travel Strength to $422 Million Profit

Hotels are not out of the woods yet. Marriott notched the best financial showing of hotel earnings season so far, but the Delta variant threatens the recovery everywhere — even in China, the company’s best-performing major market last quarter.
Coronavirus

This Is Marriott’s Earnings Week to Lose

If Accor can go from billion-dollar losses to profitability in a matter of months, Marriott shareholders should expect plenty of financial gains and optimism on Tuesday's earnings call.
Coronavirus

Wyndham Hotels Makes It Two Quarters in a Row for Profits

Propped up by a pent-up demand to travel and propelled by growing brand conversions, Wyndham looks to be on the path to a strong recovery locally. Its only worries would be the Delta variant that could possibly reinstate travel restrictions internationally.