Coronavirus and Travel

Coronavirus

Why Profits Eluded Hyatt Last Year

Hyatt might have improved performance from a year ago, but having to still report losses while others are touting a return to profits has to sting. Waning Omicron cases in 2022 are pointing to better days. Investors are hoping that's the case.
Coronavirus

Choice Hotels CEO Lays Out the Plan to Buy More Upscale Hotels

These aren’t going to be transformative deals for Choice Hotels like Starwood was for Marriott, but an upscale, extended stay brand would provides another option for business travelers. Meanwhile, a higher-end, full service brand would just help round out the overall portfolio.
Coronavirus

Hilton Looks Beyond Omicron to Double Down on China Growth Plans

Global hotel companies like Hilton are quick to say China’s stretched-out lockdown measures aren’t deterring them from developing new projects there. Too much money is riding on these potentially lucrative deals to happen.
Coronavirus

Marriott Rode Leisure Travel Trends to a $1 Billion Profit Last Year

The U.S. recovery fueled Marriott's profitable fourth quarter and entire 2021. But weaker performance in China isn't deterring the company from wanting to have more hotels there and other international markets. Real estate is a long-term play.
Business Travel

Spending Platform Coupa's Steady Ramp-Up to Compete With Concur

Buying up niche startups can only take you so far, because at some point you've got to consolidate. Coupa’s new travel and expense platform neatly sums its acquisition strategy to date, but some features could be a little hit-and-miss.
Coronavirus

Hotels Ride Out Asia's Disjointed Border Reopenings

Countries beyond China in the Asia Pacific region are moving ahead with reopening plans in the coming months. The test is how long can China's "zero-Covid" policy last when the rest of the world is accepting it just has to live with coronavirus.