There has been a lot of concern over the value proposition and overall demand in the Las Vegas market this past summer, but MGM Resorts International executives said they have been able to navigate the present challenges to keep guests happy and coming back.
PHOENIX — IHG Hotels & Resorts' newest hotel brand, Ruby Hotels, is in the early stages of its expansion into the U.S., but an IHG executive says Ruby will fill a whitespace in the company's portfolio in top 25 markets.
ROME — Italy’s state-backed funds and sovereign wealth funds are focusing on providing sustainable hotel developments and adjacent communities with return on investment as an important part of the parcel but not the string that ties it up.
French hotel firm Accor has raised its earnings outlook for full-year 2025 and is considering spinning off its its lifestyle hotel and restaurant division Ennismore as a separate publicly listed company.
Hotel key performance metrics were markedly down in the third quarter for Wyndham Hotels & Resorts as the broader travel industry faces a monthslong slowdown.
Hilton kicked off what promises to be a rocky earnings season for hotel companies by touting strong profitability growth amid a weak environment for travel demand and hotel revenue.
Outbound Hotels began with the intent to provide its guests with access to the great outdoors — while also elevating their trips with the experience and amenities of modern hospitality.
MANCHESTER — With her retirement a few months away, Leeny Oberg, Marriott International’s chief financial officer and executive vice president of development, spoke at an industry conference, reflecting on her almost 40-year journey in the hotel and hospitality industry, including nearly 30 years at the world’s largest hotel firm.
Amid government claims of booming tourism revenue and occupancies, hoteliers say the Turkish hotel industry is unstable as operators face rising costs, high inflation and staffing challenges.
As publicly traded hotel brand and real estate investment companies hold their third-quarter earnings calls, investors and analysts are seeking answers in an uncertain environment.
PHOENIX — There's been no shortage of uncertainty in the hospitality industry this year. Performance fell short of expectations due to unforeseen challenges such as cratering international travel from certain regions and rising costs of materials and food.
Whitbread executives are confident their hotel business — including the Premier Inn brand — can withstand the headwinds ahead in its home market the United Kingdom and in Germany, its second-largest market.
Hotel ownership is appealing for a lot of people with the available funds and a general interest in the franchise business model, but the level of industry-specific knowledge required to break in can be daunting for some.
