Third Quarter 2022: Full-Year Performance Begins To Take Shape for Hotel Industry's Public Companies

Hotel industry analysts say the state of the economy, strength of group travel and capital allocation will be key talking points on third-quarter earnings calls.

Wyndham Hotels & Resorts' global system of rooms and its global development pipeline increased in the third quarter, largely due to its acquisition of the Vienna House brand and growing developer interest in its new extended-stay brand.

Accor’s third-quarter 2022 results showed strong momentum in revenue per available room and the prospect of more improvement in most markets, including Greater China.

During Hersha Hospitality Trust's third-quarter earnings call, President and Chief Operating Officer Neil Shah spoke about the demand recovery for its urban markets and how its strategic hotel dispositions have improved the REIT's financial standing.

Pebblebrook Hotel Trust's executives spoke about the unexpected growth in business travel demand during the third quarter, boosting performance at their urban hotels. Meanwhile, the company is working on repairs for its properties affected by Hurricane Ian.

Short-term rental company Airbnb is hailing a return of travelers from abroad and into urban corridors, as well as continued strength in domestic, "non-urban" stays.

Hyatt Hotels Corp. President and CEO Mark Hoplamazian said his company raised its rooms growth projections following a series of deals to boost its footprint in countries including Germany and Japan.

The return of group business and early signs that corporate travel is one the way back is pushing Hyatt Hotel Corp. to increase estimates for 2023

Choice Hotels International executives are optimistic about the future of the company following a strong third quarter, including its completed acquisition of Radisson Hotels Americas.

Executives at Marriott International said they saw global revenue per available room top 2019 levels for the first time since the pandemic began, as leisure travel remains steady and both group and business transient demand are coming back stronger.

Executives at MGM Resorts International reported strong third-quarter results, driven by returning group and convention business — demand segments they expect will continue to grow based on the events calendar for Las Vegas.

Host Hotels & Resorts acquired the Four Seasons Resort & Residences in Jackson Hole, Wyoming, and President and CEO Jim Risoleo said the REIT is "a buyer of choice" if the other properties in the Strategic Hotels & Resorts portfolio are put up for sale.

In the third quarter, real estate investment trust Park Hotels & Resorts moved forward on a plan to sell non-core hotel assets and reinvest that capital in improvement projects.

Online travel agency company Expedia Group reported record-breaking earnings in the third quarter, which executives partly contributed to higher engagement with loyalty members.

Real estate investment trust Summit Hotel Properties acquired a 90% joint venture interest in the 11-unit glamping asset Onera Fredericksburg in Fredericksburg, Texas, and intends to develop more glamping properties.

Executives with Service Properties Trust said some select-service hotels are still lagging pre-conversion performance metrics after moving away from IHG and Marriott brands, but the company's ownership stake in Sonesta could more than make up for that shortfall.

While the overall third quarter was strong for all-inclusive resorts owner and operator Playa Hotels & Resorts, two of its properties in the Dominican Republic were disrupted by Hurricane Fiona.

Executives at Sunstone Hotel Investors said the company’s strong operating results in the third quarter are a result of continued strength in leisure travel and incremental improvement in corporate and group demand.

Hotel executives expressed optimism in the business transient and group segments moving forward after a strong third quarter.