Articles tagged “hotel earnings”

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Soho House Founder to Retire From CEO Role; Company Cutting Back Growth Ambitions

Nick Jones said on Wednesday that he would step down from being CEO of Membership Collective Group nearly three decades since he founded the original Soho House that eventually led to the creation of the public company and owner of the Soho House chain. Andrew Carnie, president of Membership Collective Group, will succeed Jones as…

Hotels

Recent Hotel Earnings Tell Us Brands See Resilience in Development Pipelines

While economic storm clouds gather, public hotel companies said in earnings calls that their deal and development work remains largely strong — and intact.

Recent Hotel Earnings Tell Us Brands See Resilience in Development Pipelines

Hotels

Choice Hotels Looks to Transcend Budget Image by Going Upscale

Choice Hotels is eager to expand its portfolio more broadly. But a move upmarket is not without risk.

Choice Hotels Looks to Transcend Budget Image by Going Upscale

Hotels

Hyatt to Add Hotels in Markets That Feed Its All-Inclusive Resorts

When Hyatt adds hotels to new destinations, it can cross-sell the newfound guests on its recently acquired all-inclusive resorts through marketing messages. So the company is seeking more hotels to speed up this virtuous cycle.

Hyatt to Add Hotels in Markets That Feed Its All-Inclusive Resorts

Hotels

Why Marriott Thinks It Could Fare Better Than in Previous Recessions

In the economic multiverse, hotels are still booming. The world's largest hotelier has a remarkably rosy forecast for 2023 as the company highlights why it will be stronger than in the past if a downturn happens.

Why Marriott Thinks It Could Fare Better Than in Previous Recessions

Hotels

Accor Aims to Combat Inflation With Pricing Power

Europe's biggest hotel group believes it will be able to overcome inflation through strong pricing power as guests are still showing they are willing travel at any cost. So far, so plausible, at least in the short term.

Accor Aims to Combat Inflation With Pricing Power

Hotels

Hilton Optimistic Hotel Boom Will Roll On Into Next Year

Don't underestimate people's urge to travel after years of pandemic restrictions. Hilton sees strength in leisure, business, and group travel, yes, business and group, through the year-end and beyond.

Hilton Optimistic Hotel Boom Will Roll On Into Next Year

Hotels

Wyndham to Add More Properties at a Faster Pace Under New Plan

Wyndham stands out for having a rapidly expanding pipeline for hotel development relative to most of its peers. That's important. As the world's largest franchisor, it boosts its overall earnings with every property it adds.

Wyndham to Add More Properties at a Faster Pace Under New Plan

Hotels

Premier Inn Sees Upsides for Itself With Economic Headwinds

Premier Inn expects to gain market share as rising energy and labor bills prompt many independent hotel owners to throw in the towel. Sad news for the industry, but good news for parent company Whitbread.

Premier Inn Sees Upsides for Itself With Economic Headwinds

Hotels

BET Co-Founder Expands Hotel Empire and Other Top Stories This Week

In Skift's top stories, BET co-founder Sheila Johnson's Salamander Hotels adds properties to its portfolio, a new bridge reshapes travel patterns in Croatia, and United Airlines predicts hybrid work will drive future leisure travel demand.

BET Co-Founder Expands Hotel Empire and Other Top Stories This Week