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Hotels
The upscale members' club saw mounting losses despite a jump in membership during the fourth quarter. Has rapid growth ruined its exclusivity?
Sean O'Neill | 1 month ago
In a financial update, Hilton Grand Vacations (HGV) showcased its sector leadership with a revenue of $3.978 billion last year. Rivals Travel and Leisure Co. and Marriott Vacations Worldwide continued to see resilient sales, too.
Sean O'Neill | 2 months ago
CEO Elie Maalouf pointed to early results suggesting that IHG's recent marketing efforts and brand development work are leading to growth in a virtuous flywheel for the hotel group.
Hyatt didn't provide a full report on its 2023 performance, but it did release some key numbers for the full year that suggested strong momentum.
Wyndham executives said a Choice Hotels offer to buy it has sandbagged them with work in rebuffing the offer and addressing regulators' concerns. The bill so far is $75 million.
A dozen things jumped out at Skift when looking at Marriott and Hilton's annual financial filings. Points range from the performance of their loyalty programs to how they're taking market share.
Las Vegas's hosting of the Super Bowl helped MGM Resorts post records in its hotel revenues. Demand may stay strong as the company expects to fully roll out a Marriott licensing tie-up by the end of March.
The volatility of the day-to-day horse race can obscure the bigger picture: Marriott's management delivered stellar results in 2024, with an effective 48% profit margin.
Hilton signaled that hotel sector circumstances have shifted in a way that makes it more likely it would pivot from its 16-year strategy of creating brands and instead consider buying them.
Sean O'Neill | 3 months ago
Nigeria has the largest economy in Africa, and perhaps its most prominent hospitality player is Transcorp Hotels. While relatively small, the brand is watched with interest because of its expansion plans.
