Topic: Fourth Quarter Earnings
Expanding beyond hotels, Accor is set to invest €225 million on initiatives to boost its presence in hospitality and entertainment services.
Acquiring Two Roads Hospitality boosted Hyatt's room count, but drove down net income for the final quarter of 2018.
Rising rates boosted revenue for both the quarter and the year, but the company's pipeline dropped by 7,000 rooms quarter-to-quarter.
Expedia added 200,000 new properties to its lodging platform in 2018 as it sharpens focus on the relationship between hotels and the sharing economy.
During Marriott's Q4 2017 earnings report, Marriott CEO Arne Sorenson basked in a 24-percent increase in net income over last year, and announced a plan to reinvest in the company's employees.
Expedia's Q4 2017 earnings call shows signs that hotel companies' campaigns for direct bookings is working, and the OTA may no longer hold the market in the palm of its hand.
The company's recent earnings call revealed stalling revenue per available room and weaker-than-expected group bookings.
Amid a low-growth RevPAR environment, the combined Marriott/Starwood ventures into 2017 as one.
Despite a ruthless presidential election, stronger U.S. dollar and shakeups in international travel, Hilton continues to outpace development goals.