Despite recent choppiness in the market, “Las Vegas remains fundamentally solid,” MGM Resorts International President and CEO Bill Hornbuckle said in the company’s recent earnings call.
French hotel firm Accor saw notable performance gains in revenue per available room, average daily rate and earnings before interest, taxes, depreciation and amortization in the first half of the year.
Tata Sons, the holding company for conglomerate Tata Group, has founded a hotel-ownership platform to spur growth in Tata Group's subsidiary Indian Hotels Company Limited.
Leaders of the newly launched brand platform Landingplace Hotels believe they have a chance to shake up the hotel industry by offering a greater degree of flexibility in franchising.
Revenue per available room was down 3% across the globe and 4% in the U.S. for Wyndham Hotels & Resorts, and officials hoped to paint a rosier long-term picture tied to rooms growth during the company's second-quarter earnings call.
Weak government and international demand drove revenue per available room down slightly for Hilton in the second quarter, with the hotel company's CEO describing the quarter as "noisier than expected."
CAPE TOWN, South Africa — The monumental shift in global economic uncertainty is likely to continue to have major ramifications for hotel investors, leading to creativity in how capital is allocated.
Mumbai-based Indian Hotels Company Limited has entered a partnership with Kolkata-based hotel owner and developer Ambuja Neotia Group to open 15 hotels over the next five years.
The sentiment among publicly traded hotel companies heading into the second-quarter earnings season is mixed, but the worst-case scenario of the impact of U.S.-enforced tariffs has been avoided so far, analysts say.
A steady number of new hotels opened in the U.S. in the first half of 2025, including the largest hotel opening in California in 33 years and three new hotels near Universal Orlando Resort in Florida.
After a few difficult years full of challenges — including an economic crisis, a global pandemic and wildfires — Greece has reclaimed its status as one of the top tourist destinations in Europe.
Leeny Oberg, one of Marriott International's top executives, plans to retire next year from her role as chief financial officer and executive vice president of development.
CAPE TOWN, South Africa — As global hotel brands have proliferated across the world via the franchise model, hotel experts in Africa view the continent as the final franchising frontier.